The risk landscape for Danish companies is constantly changing. Companies are affected by financial, environmental, political, or social factors. Turmoil and events in Denmark and the world, changes in EU cooperation, and the increasing digital opportunities can abruptly change markets and business models, just as cybercrime and the increasing demands for data protection challenge companies. Companies also experience internal risks, for example, when launching new products, entering new markets, or other conditions that can challenge stable operations.

Companies must navigate this risk landscape. It is becoming more difficult to be well-prepared for all possible situations, but companies that understand how to manage their risks are much better equipped to survive changes and gain market share in an increasingly volatile and complex world.

Improved foundation for strategic decision-making – effective risk management provides management with timely information about risks, enabling well-informed strategic decisions.
Opportunity realization – risk management not only identifies potential adverse events but also uncovers opportunities the organization may choose to pursue.
Early warning – risk management enables the organization to identify potential adverse events in time to take effective action to reduce or eliminate the risk.
Overview and transparency – strategic risk management helps organizations identify interconnections between risks across the business and understand how they influence each other, allowing for better planning and coordination.
Alignment of risk tolerance – a risk management function clarifies executive management’s risk tolerance and integrates it into the decision-making processes across the organization.

Risk management is valuable

At BDO, we have extensive experience in providing advice and assistance regarding Enterprise risk management. Through an overall risk assessment, we create a comprehensive risk picture that gives the public authority or private company insight into events that could have significant negative strategic or economic consequences. The most significant risks are prioritized, and our advisors provide risk-reducing and value-creating solutions based on a practical approach, documented in an action plan. The advisors also help organize a risk management process with roles and responsibilities, tools for monitoring, and reporting of risks and incidents.

Enterprise risk management

Why is risk management valuable

Risk management is valuable

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