Every
business transaction contains an element of risk, yet at the same time how
satisfactory are the mechanics for managing risk?
In recent
years we have witnessed just how costly the laissez faire attitude to risk was
in many institutions from large corporations to smaller SME’s.
In the
never ending quest for larger profits many of the saner measures of business
were abandoned.
An analysis
of recent disasters all have one common denominator – the architects of these
calamities went hurtling over the cliff like lemmings.
There has
never been a more pressing need to examine all areas of exposure.
A forensic
analysis of the current Debtors Book might make for uncomfortable reading but
like most unpleasant tasks it should not be ducked.
Better to
take remedial action such as a write down whilst you are in control of your own
destiny rather than have a 3rd Party appointed to do it for you.
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