Ernst & Young - Speed Through Common Language - Critical factors in risk management today

The credit crunch and the subsequent sharp economic downturn have suddenly confronted businesses worldwide with a dramatic increase in risk-related challenges. This recent experience has confirmed that many companies are slow to detect and react to new risks, a delay that threatens their competitiveness.

The white paper offers ideas to shorten your risk detection and reaction time. Companies should eliminate the barriers to timely and efficient risk management efforts by ensuring that the same risk "language" is spoken throughout the organization: company-wide definitions, priorities, procedures and communication channels should be clearly defined. As a result, your company will be better able to create and protect value and gain a competitive advantage.

Click here for the white paper.

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