- BUSINESS RISK MANAGEMENT CARTOONS -

SINGLE Cartoon:

"Business risk simulator" (RII2)

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This cartoon illustrates the need for risk assessments in organizations. Carrying out profit protection planning (risk management) sessions is almost the same as getting into an airplane simulator. Before any pilot challenges the sky, he must have received thorough training in all possible worst-case scenarios. Much of this training takes place in a simulator; a machine simulating all possible scenarios. Similarly, you need to simulate (i.e. identify and assess) your current and potential risks. You also need to identify and assess controls to counteract the occurrence and/or impact of current and potential risks so that you can protect your profits.