Risk Management: Why is it important for your business?
By Admin | Published on : May 22, 2018 10:51 am
Businesses worldwide are faced with numerous risks that stem from various factors that are known and unknown. Prevailing in this ever competitive market and developing the progress of the business has become a mammoth task for organisations. Risks are usually managed via insurance providers but, risks are now present at various levels and not all are covered by insurance. These are the risks that need to be mitigated in a strategic manner to evade long term brand damage. In order to maximise performance, an organisation must be able to clearly identify the risks that are present and the remedial measures must be interwoven into the corporate management. Therefore, identifying, assessing and mitigating risks have become the fundamental strategy that need to be adopted by all organizations.
Enterprise Risk Management has thus become vital in business protection management in ascertaining long term business sustainability and growth. Risk Management is viewed as the key for the continuous growth and prosperity of an organization. The ever growing importance of risk management is evident by the increasing demand of employability and career prospects in risk management be it in the public or private sector.
For the past 15 years, Putra Intelek International College has been the pioneer in offering risk management education to Malaysians as well as international students in the region. Thousands of our graduates have gone on to serve government agencies as well as the private sector in the region. Some of our graduates hold key positions in Malaysia and Singapore, for example, government ministries, Royal Malaysian Customs Department, Immigration Department of Malaysia, Royal Malaysian Police, renowned Malaysian and international banks and financial institutions, aviation companies such as Singapore Airlines and Air Asia and Changi Airport, and the list continues.
As part of Putra Intelek International college’s goal of being the pioneer in risk management education, one of our crucial collaborations is with the European Institute for Risk Management (EIRM, Denmark); representing and being the Asian Partner & Asian Affairs Office for EIRM, offering Certified Risk Associates Certification program to risk practitioners, industry personnel and students specializing and intending to enhance their risk management expertise. In view of all this, it is quite obvious risk management education is growing in demand and recognition and Putra Intelek International College is preparing the generation of today to meet the demands of tomorrow.
For more information please contact +603-8939 0222, +6011-3939 9701 or email at email@example.com