Training
How do you set a “Risk Appetite”?
Setting a risk appetite involves identifying and defining an organization’s tolerance for risk in pursuit of its objectives. The process usually involves the following steps: Identify the organization’s objectives: The first step is to identify the organization’s objectives, such as growth, profitability, innovation, or customer satisfaction. This step provides a clear understanding of what the organization is trying to achieve and what risks it is willing to take to achieve Read more…