2009 Strategic Business Risk Report
In this 2009 Strategic Business Risk Report, by Ernst & Young, read, among other things, the top 10 risks for global business.
"Properly approached, the process of risk management can add value even if, fortunately, the feared events never happen. In working through scenarios and impact analysis, companies may find many opportunities to tighten processes and controls that can make them more agile and able to operate more effectively," reads the opening paragraph.
The 2009 top 10 risk rankings (2008 rankings shown in parentheses) are:
1. The credit crunch (2)
2. Regulation and compliance (1)
3. Deepening recession (New; this category includes macroeconomic factors, including difficulties companies have in generating income and reducing expenses)
4. Radical greening (9)
5. Non-traditional entrants (16); (This category includes companies entering a sector from adjacent markets or distant geographies)
6. Cost-cutting (7)
7. Managing talent (11)
8. Executing alliances and transactions (7)
9. Business model redundancy (New)
10. Reputation risks (22)
Read the full report here.