Understanding Specific Risks in Small & Medium Sized Organizations

Description:

Risk management is a necessary tool for all organizations, but often overlooked by the small business. In this program, we will briefly look at the concept of risk management and then delve into how to identify, evaluate, and mitigate specific risks. Through the use of case studies in each type of risk, we will explore how both for-profit and not-for profit organizations would develop a strategy to deal with certain specific types of risk. The use of case studies will allow us to apply the risk management concepts into “real world” situations.

Highlights:

  • Why risk management is needed in every organization
  •  Developing an overall plan of enterprise risk management
  •  Financial risk
  •  Marketing risk
  •  Compliance and liability risk
  •  Environmental risk
  •  Cyber risk

Objectives:

  • Understand the concepts of risk management and how they apply to the small organization
  • See how all risks end up as part of financial risk management
  • Develop a plan to handle marketing risk
  • Determine operating risks and see how to mitigate them
  • Understand how to handle compliance risk and still have good customer service
  • Transfer environmental risks through a good insurance strategy
  •  Recognize the nature of cyber risk and develop a good mitigation plan

Prerequisites:

Experience in financial management of a small or midsize company

Category:

MG

Credits:

4

Course Level:

Intermediate

Members

Standard Fee: $55.00

Non-Members

Standard Fee: $65.00

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Vendor:

Surgent McCoy CPE, LLC

Designed For:

CFOs, controllers, and finance professionals

No

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