Top Risks on the Horizon in 2009

In this final post of 2008, we look forward to a new year filled with uncertainty and risk.  Events of this past year will reverberate not only for the next few weeks or months, but throughout the coming year and potentially many years to come.  A year-end study completed by Ernst & Young highlights the top risks that companies across the globe will face in 2009.  Below are the rankings with results from the 2008 study in parentheses.  

The 2009 top 10 risk rankings

1. The credit crunch (2)
2. Regulation and compliance (1) 
3. Deepening recession (New) 
4. Radical greening (9) 
5. Non-traditional entrants (16) 
6. Cost cutting (7) 
7. Managing talent (11) 
8. Executing alliances and transactions (7) 
9. Business model redundancy (New) 
10. Reputation risks (22) 

Not surprisingly, credit related issues are the number one item on the list followed closely by regulation & compliance.  Companies of all sizes need to be prepared to address the rapid changes that may occur over the next year.  Having a solid framework to quickly understand changes in these risks and make quick adjustments will provide a significant competitive advantage.  Visit www.WheelhouseAdvisors.com to learn more.  

About these ads

About Wheelhouse Advisors
Wheelhouse Advisors LLC is the publisher of The ERM Current™, an online publication and blog dedicated to providing the latest updates on current trends in Enterprise Risk Management & Control. Wheelhouse Advisors provides cost-effective Enterprise Risk Management & Control solutions to both large and mid-size corporations. To learn more about Wheelhouse Advisors, please visit our web site at www.WheelhouseAdvisors.com.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 46 other followers

%d bloggers like this: