CFOs name competition as biggest threat to revenue.Financial executives expect the severity of their most prevalent business risks to remain constant or intensify in·ten·si·fy v. in·ten·si·fied, in·ten·si·fy·ing, in·ten·si·fies v.tr. 1. To make intense or more intense: through 2009, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Managing Business Risk Through 2009 and Beyond study commissioned by insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. FM Global. Executives identified the top three biggest threats to their organizations' revenue as competition, followed closely by supply chain disruption disruption /dis·rup·tion/ (dis-rup´shun) a morphologic defect resulting from the extrinsic breakdown of, or interference with, a developmental process. and property-related risks. More than half of the financial executives warn that a disruption to their top revenue driver can mean a loss of competitiveness, which can translate into both a loss of market share and reduction in their company's valuation. Additionally, almost one-quarter of executives report such a disruption could result in employee layoffs or an adverse impact on the local economy. The study also reveals a range of emerging risks that, while not among their primary concerns today, could pose challenges in the future, executives said. "Successful organizations proactively identify and address the threats they face today, while never losing sight of emerging risk on the horizon," said Ruud Bosman Bosman is a surname, and may refer to:
Loss/Risk Management Notes is compiled by Senior Associate Editor Meg Green. |
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