1. Global Risk Management Scenario
Topic 7
SMQR 5103

2. Top Risk Concerns Global Top Risks Economic risks Environmental risks
Technological risks
Societal risks
Geopolitical risks
Top Risks Concern of Enterprise
Regulatory changes
Economic condition in market restricting growth opportunity
Insufficient preparedness for cyber threat
Instability to attract & retain top talent limiting ability to achieve operational targets
Inability to sustain customer loyalty & retention due to evolving customer preference

3. Critical Success Factor in Risk Management
Effective risk oversight
Integrate risk management, internal control & internal audit
Emphasize on strong risk culture

4. Barriers in Implementing Risk Management
Unsupportive culture
Lack of risk-strategy integration
Lack of practical experience
Lack of policy and procedure of managing risk
Lack of expertise to lead risk management team

5. Global Risk 2015
Source: WEF Global Risk Report 2015

6. Global Risks 2015

7. Global Risk 2015

8. Organizational External Factors
Change of government / policy maker, terrorism, riots
Growth/ decline, exchange rates, inflation, credit, wages, fiscal, monetary, trade, investment
Cultural norms & expectation, demography, health & safety
Technological changes, barriers, supply chain & outsourcing decisions
Legal requirements having effect on materials, labour, operation, import/export, etc.
Emissions to air, water and land having impact to the environment (climate change, etc)