Businesses in the 21st century face all sorts of risks. Even if you run a mom and pop store you have risks: your main supplier could go bust which would give you a problem.

Corporate Risk Assessments

Photo credit: Leonid Mamchenkov via / CC BY

All right, maybe that is not insurmountable, but when you run a business which has international connections there are all sorts of risks.

Your supply chain could be dealt a big blow if war breaks out in the country next to the one where some of your products – or even part of your products – are made. One of your employees could be visiting a foreign country on a sales trip and suddenly there is a terrorist attack. Someone may attempt to steal proprietary information to sell on to your main competitor. Another competitor could seek to damage your reputation with “fake news”.

Your business is at risk from many different angles, a lot of which may never even have occurred to you. For instance, if you are a manufacturer and some parts of your product are made abroad, have you ever sat down with your colleagues and asked the question “What do we do if the supply is cut off?” You don’t even need to think of a reason why this might happen, only the fact that it could. If you don’t have an answer, it could cost you dearly.

It could be the theft of trade secrets at a meeting in Jakarta. Or perhaps its employee kidnapping in Colombia or Argentina. Or maybe it’s street violence in Paris against Jewish employees. Who knows?

A Corporate Risk Assessment Expert

This is why you need the views of an expert on corporate risk assessment who can look at the overall picture of your business and work out where the most likely problems could be. Forewarned is forearmed, and an expert on corporate risk assessment is just that. He or she will see areas where your business could run into serious trouble and help you plan for the worst.

All right, it has to be said that the worst may never happen, but can you afford to take that chance? Employing an expert on corporate risk assessment from IMG Group is really a form of insurance. You pay for insurance in many other aspects of your business, so it makes total sense to have an expert take an overview and tell you where the problems lie. Once you know the potential problems then you can plan for them so that if the worst happens it won’t stop your business in its’ tracks.

An IMG corporate risk assessment expert will not only show you where the potential problems lie but will also be able to come up with the answers you will need in the event of the unthinkable