Reputation management risks

Reputation management risks

Reputational risk is an interesting term. Risk management professionals often define risk as an event that can cause some kind of damage. However, reputational damage is usually the result of an event, rather than the event itself. The consequences of reputational...
Cost of compliance

Cost of compliance

Cost of compliance refers to compliance costs in a broad sense. These include all the costs the company incurs to comply with industry regulations, management of compliance, risks and damages.  The regulations may concern, for example, tax reporting,...
Diversity

Diversity

Diversity and everyday life Diversity is about diversity in the workplace. Diversity is deviating from the norm in one way or another – because of age, gender, ethnic background, sexual orientation, religion, health or disability. It is about working through...
The importance of standards

The importance of standards

Standards are norms that create common ways of working. They facilitate, among other things, the compatibility of equipment, improve fair competition and at the same time make everyday life easier for industry and consumers. The standardisation process has laid the...
Management of qualifications

Management of qualifications

Qualifications are the educational and other skills required for different jobs. A qualification could be narrowly defined as training consisting of one or more elements, which, when completed, is called a qualification by the training provider. Typically, such...
Risk management

Risk management

Risk management is an essential part of good management practice. It is often part of financial management, and separately also part of quality management. Risk is always an element of uncertainty (opportunity or threat), and risks are an inevitable part of doing...