Risk management
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The imperative for business change and public sector reform continues to gather momentum – fuelled by a better-educated and more demanding populace, a rapid expansion of technological enablers, improved access to capital and a more competitive business environment generally.
Managing risk and the ability to reach timely and effective strategic decisions are, as a consequence, more challenging. In order to enable sound strategic decisions in this more complex operating environment, there is a requirement to manage risks in new ways that stretch beyond conventional approaches.
This paper identifies four critical competency dimensions that can be addressed to improve an organisation's risk management capability – and hence its ability to make sound strategic decisions.
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