Carolyn Black's List: Business Insurance

• Risk - Business Strategy Fit
• Tactical plan
• Operational plan
• Execution plan
• Does everything fit
• The risk management process

• Developing a risk management strategy is a 3-step process:

   
   
  • Identify your risks
   
  • Quantify your risks, and
   
  • Develop a risk response plan
• set goals by moving from strategic to execution and assess risks in the reverse order.
• 1. Identify the risk that could impact your goal
• 2. Quantify the risks you have identified
• 3. Plan a response to each identified risk

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