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Remaining productive, staying competitive, and enjoying continuous improvement means making the best, most informed operational decisions in a timely manner. However, a sudden event, such as equipment failure, a blackout, the loss of key markets, terrorism, supply chain interruptions, or an e-commerce failure, can occur anytime to seriously affect the continuity of your business, threaten your image in the marketplace, and impact shareholder value.
You cannot predict when or how the next SARS will impact your organization, but with the right insight and planning you can better ensure that your company survives the event while retaining a competitive advantage. Some risks take the form of small but frequent losses; others are short but crippling. To manage your business risks effectively, you need an integrated approach.
Business success centers on the ability of a company to correctly recognize and successfully manage the risks associated within its operations. Operational risks are all risks an organization might face that are not considered financial or strategic in nature. Addressing operational risks is difficult for many companies. Insufficient loss data, the lack of established methods for quantifying risk, the fact that there are many different types of operational risks with multiple corresponding owners, and an unclear cause and effect of risk and actual incidents are some of the challenges organizations face.
In today's business environment, key stakeholders inside and outside of an organization are demanding more accountability from senior management to properly handle all aspects of operational risk. This cannot happen until there is a clear understanding of the different types of risk that could impact the company as well as their potential size and frequency.
Marsh's Operational Risk Management practice utilizes a risk-based approach to help you identify critical functions of your business, analyze exposures and their impact on your organization, as well as evaluate existing risk treatment practices. We help you protect your assets and revenue streams by focusing on your business risks, not just your insurance risks.
We are able to assist you in meeting your business goals by providing customized solutions integrating our expertise in:
- Physical asset protection
- Natural hazard preparedness
- Business continuity planning
- Emergency response procedures
- Global property risk control program design
- Business interruption and interdependency risk analysis
- Industry specialization
- Risk-adjusted supply chain managementSM
- Risk management optimization
- Information technology security
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Business Continuity Planning
Developing a thorough business continuity plan is a complex undertaking, requiring a number of stages and discrete activities.
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Business Continuity Risk Management and Crisis Readiness
Business continuity management is an integrated approach to business continuity planning, emergency response, and crisis management.
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Critical Incident Prevention Practice
Theft, workplace violence, and other violent crimes continue to demonstrate the need for security and crisis intervention planning and training.
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Emergency Response Planning
Organizations need to develop emergency response plans to prepare for natural, technological, or manmade disasters.
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Global Engineered Solution
Preparation for catastrophes, such as fires and earthquakes, is a significant way in which organizations can protect their assets.
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Impairment Tracker
Impairment monitoring should not be about insurance requirements.
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Modeling, Analytics & Design
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Property Risk Consulting
Loss of physical assets and operational capabilities can quickly translate into lost market share, reduced revenue, and diminished shareholder value.
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Reputational Risk & Crisis Management
Reaching the people who affect your organization
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Supply Chain Management
Supply chain disruptions can arise from many sources — and more often than not without warning.
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