Steps to Mitigate Business Sustainability Risk

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Steps to Mitigate Business Sustainability Risk

Blog by Julie Urlaub, Founder and Managing Partner at Taiga Company
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Steps to Mitigate Business #Sustainability Risk http://3bl.me/7vr53k by @TaigaCompany
Monday, October 11, 2010 - 2:52pm

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How dependent is your business on its internal resources, suppliers, and customers?  If circumstances were to threaten the stability of these critical stakeholder groups, would your business survive?  This is a real business sustainability risk facing many companies today. 

According to a recent report, over half of all US-based companies do not have an enterprise-wide risk management process in place and do not have plans for implementing one.  This means most executives have little exposure to the business sustainability risks looming on the horizon.
 
•    Potential increases in operating cost
•    Potential increases in supply costs
•    Potential disruptions to supply or loss of supplier relationships
•    Potential loss of revenue or market share
•    Potential negative impacts to business reputation
•    Potential inability to secure investment dollars or capital
•    Potential loss of key resources
 
Conversely, businesses positioned to weather the current economic climate are taking the opportunity to manage their strategic relationships.  They realize that a strong efficient work dynamic across the entire value chain is essential to long-term business sustainability. Click here to continue reading.
 

Home to one third of the earth's trees, the Taiga is the largest land-based biosphere and encircles the globe. Its immense oxygen production literally changes the atmosphere and refreshes the planet. It is this continuous renewal that has shaped Taiga Company's vision to drive similar change in the business world. Taiga Company seeks to be the "oxygen for your business".

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Contact

Taiga Company
http://www.TaigaCompany.com
Keywords: Taiga Company | businss sustainability | employee relations | risk | supply chain managment

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