Every business transaction contains an element of risk, yet often the
mechanisms for managing risk are flawed.
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 disciplined measures of business were neglected or abandoned.
An analysis of recent business failures 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.
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 disciplined measures of business were neglected or abandoned.
An analysis of recent business failures 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 thorough analysis of the current Debtors Book might make for uncomfortable reading but like most unpleasant tasks it should not be ducked.
It is far 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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