SMALL BUSINESSES

Each type of entity manages risks and opportunities unique to their organizations' business models and priorities to achieve their mission and operational objectives.

EACH INDUSTRY HAS UNIQUE BUSINESS MODELS

Each business model results in different risks and opportunities that drive specific risk awareness and management approaches for entities to achieve their missions and performance objectives.

Small businesses have several common challenging themes:

  • Lack of time and resources to address items not directly linked to the make and sell functions.

  • Functional areas such as Strategy, Governance, Information Technology, Internal Control, Legal, Ethics, Compliance, and Audit are important but can be overwhelming due to limited time and subject matter resources.

  • Systems for identification, prioritization, and management of key risks and rewards can be informal with limited support compared to larger competitors.

To help small businesses meet these challenges, RISK TRANSPARENCY provides an "ERM Lite" version developed from the Enterprise Risk Management and Enterprise Value Management Governance (EVGM) Frameworks.

SEARCH SEC EDGAR COMPANY FILINGS BY SIC CODE for INDUSTRY RISK AND BUSINESS DISCLOSURES

 

Enter your entity SIC Code in the U.S. Securities and Exchange Commission (SEC) EDGAR Company Filings Search Tools to access regulatory filings such as Form 10K (Annual Report) to review the relevant Risk Factors for publicly traded companies in the same industry.

FUNCTIONAL AREAS

 

Each functional area in small businesses aligns with and contributes to the mission and  strategies of the entity.  Many small business budgets and support structures are limited thus several functional area rolls and responsibilities may be combined.

Each functional area operates and manages key risks and opportunities differently based on their unique purpose, skill sets, approaches, and corresponding views (lenses).  The level of due diligence applied to key risks and process sub-categories drive value creation and value protection. 

 

Each day key stakeholders should operate at a performance, awareness, and transparency level similar to that applied during an acquisition or divestiture due diligence initiative.

Enterprise Risk Management (ERM) and "ERM Lite" enable functional area strategic objectives and risk appetites to be aligned with operations, reporting, compliance, & the control environment

 

The RISK TRANSPARENCY Risk Governance Framework (RGF) is a simple way for any entity in any industry to aggregate their Board of Directors and Executive Leadership governance over key functional areas, key processes, risks, and risk appetite levels.

ENTITY OBJECTIVES AND FUNCTIONAL AREAS
 

LEARN MORE ABOUT ENTERPRISE RISK TRANSPARENCY

 

Enables balancing the risk and reward quotient for value creation with value protection to control outcomes over time.

REPORTING

COMPLIANCE

GOOGLE CUSTOM SEARCH OF RISK ORGANIZATIONS
 

The following Google Custom Search provides the ability to search specific leading risk leadership and standard setting entities for relevant publicly traded company content.  For example, enter "Risk Appetite" to obtain specific links to related thought leadership.

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