Insight.
Risk is unavoidable, but unmanaged risk can be devastating. CEOs must lead with foresight, ensuring systems are in place to identify, evaluate, and mitigate potential disruptions.
Key Strategies:
1. Develop a Comprehensive Risk Framework—Cover financial, operational, strategic, and reputational risks.
2. Conduct Regular Risk Assessments – Evaluate emerging threats and opportunities.
3. Promote Cross-Functional Risk Ownership – Every department must manage its risks.
4. Integrate Data and Analytics—Improve risk prediction and scenario modeling.
5. Establish Rapid Response Protocols—Enable quick decision-making during crises.
CEO Leadership Actions.
- Review the top 10 organizational risks quarterly.
- Encourage open reporting of incidents and near misses.
- Support investments that reduce systemic vulnerabilities.
Actionable Tip.
Ask your risk manager for a 2025 risk heat map—identify one high-risk area to address immediately.
Why This Matters?
Proactive risk management protects value, ensures continuity, and strengthens stakeholder confidence.
About the Author.
Ernest De-Graft Egyir, CEO advisor and founding CEO of Chief Executives Network Ghana, convenes the Ghana CEO Summit and served on Ghana’s Economic Dialogue Planning Committee.