Companies Need Better Risk Management & Due Diligence

Several experts have expressed concerns about an increase in insolvency risk in 2012, even in the Asian Pacific region, which is experiencing a GDP growth almost twice as high as the global average.  This needs to serve as a warning to all directors and managers even if they are reasonably safe from a potential insolvency situation.  Great losses in revenue can be incurred by not having appropriate risk management and due diligence strategies.

Dr Kathleen Taylor is a world-renowned professor and speaker with a specialty in adult learning.  At a recent event organized by the Australian Institute of Company Directors, she made the following simple but true statement:

-The brain cannot imagine what it has never experienced or seen.

The Asian Pacific region is experiencing some very rapid changes and business leaders are now frequently faced with situations that they could not imagine, having ever experienced or seen before.  In my experience, this applies to leaders of all ages and to organisations of all different sizes says Peter Karlsson.  The Asian Pacific region will continue to undergo rapid change and see a dramatic increase in competition in the years to come.  This is why there is a need for better risk management and due diligence strategies asserts Peter Karlsson.

 

Posted on 02/10/2012 by Peter Karlsson


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