Small is beautiful – my latest column on risk.net
Smaller firms enjoy larger benefits from risk monitoring and mitigation due to lower co-ordination costs, more efficient internal communications and ease of access to the C-suite. In smaller firms, there is no need to spend days searching for the risk expert with the right information, or having to co-ordinate agendas for large meetings that are often postponed. And there aren’t – or shouldn’t be – many disparate risk tools and reports developed by different parts of the business. It’s clear that when it comes to size and risk management, the benefits of being small outweigh the benefits of being large….
For the full article, please read on: http://www.risk.net/operational-risk-and-regulation/opinion/2454170/small-is-beautiful-in-operational-risk-management
or send me an email to get the manuscript.