A NEW VISION OF RISK
Risk and its management have been taking an increasingly important role, both in the business model of organizations and in the way this management contributes to the model in creating value. This constantly changing and complex world demands that a company’s risk management be more involved in the formation of strategic objectives as much as in the tactical plans implemented to reach their goals, all without forgetting about the risk associated with day-to-day operations.
Opportunities and threats in the external environment such as, competition, natural phenomena, political decisions, changes in the environment, technological development and the imposition of regulatory standards, among others, join the aspects of organizational culture, human talent, internal processes, technology systems, internal control, etc. to define a plan of action where an organization’s strategic objectives must be met to fulfill their vision and thereby achieve their mission.