Mengenal Metode dan Tahapan Penyusunan Manajemen Risiko | Mochamad Badowi, MBA

Summary

In this video, Muhammad Baduy discusses the crucial role of risk management in business operations. He emphasizes how identifying, evaluating, and mitigating risks can be a strategic process that prevents operational disruptions. He outlines key risk factors such as market competition, technological advancements, and globalization. The video introduces a structured approach to risk identification, using methods like risk registers and risk profiling to assess the probability and impact of various risks. The goal is to proactively address potential challenges, ensuring the long-term sustainability and success of the business.

Takeaways

• 😀 Risk is an inevitable consequence of operations that must be identified and mitigated early to avoid negative impacts on company growth.
• 😀 Effective risk identification allows companies to predict potential risks, which can then be mitigated through preventive actions, reducing the likelihood of their occurrence.
• 😀 Risks in businesses are often driven by three factors: market competition, technological advancements, and globalization.
• 😀 Technological disruption, such as the emergence of new technologies, can lead to the collapse of companies that fail to adapt.
• 😀 Globalization means businesses must operate within an interconnected global economy, increasing exposure to external risks from international markets.
• 😀 Risk can be categorized into known risks (e.g., market downturns) and unknown risks (e.g., a pandemic), which can be predicted but not always fully understood.
• 😀 Identifying risks involves using tools like risk registers to catalog potential risks and assess their likelihood and impact on the company.
• 😀 Mitigating risks can be approached through both divisional and strategic perspectives, where a broad, company-wide strategy is more effective for long-term planning.
• 😀 Companies must be proactive and adopt a strategic approach to risk management, ensuring that risks are anticipated and addressed at the strategic goal level, not just functionally.
• 😀 A comprehensive risk evaluation process includes identifying risks, understanding their causes, linking them with potential outcomes, and applying appropriate risk management actions.
• 😀 A well-structured risk management plan helps organizations identify, evaluate, and control risks through actionable steps like building specialized systems or hosting events to prevent future risks from affecting operations.

Q & A

What is the main focus of the video script?

The main focus of the video script is on risk management, specifically how to identify, evaluate, and mitigate risks in business operations.

Why is risk management important in business operations?

Risk management is essential because it allows businesses to anticipate potential challenges, take preventive actions, and minimize the negative impacts of risks on operations and growth.

How can risks be identified early in business operations?

Risks can be identified early through proactive measures such as regular assessments, forecasting potential risks over the next 5 years, and identifying both known and unknown risks.

What are the three main sources of risk mentioned in the script?

The three main sources of risk discussed are market competition, technological changes, and globalization.

How does competition influence business risk?

Competition introduces risks because competitors can impact operational processes, market share, and pricing, which can disrupt a business's normal operations.

What is 'disruptive technology' and how does it affect businesses?

'Disruptive technology' refers to innovations that can make existing technologies or business models obsolete, often leading to companies failing if they do not adapt.

What is the importance of a risk register in risk management?

A risk register is important because it helps businesses document identified risks, assess their likelihood and impact, and prioritize them for mitigation based on their potential effect on the business.

What are the key steps in evaluating risks according to the script?

The key steps in evaluating risks include identifying risks, assessing their likelihood and impact, calculating the total risk value by multiplying these factors, and categorizing risks based on their significance.

What role does strategic risk management play in a company's long-term goals?

Strategic risk management ensures that a company prepares for and manages risks related to its long-term transformation or goals, such as shifting from a manufacturing model to a service-based model, while also planning for unforeseen risks.

How can a company mitigate risks that are identified during the evaluation process?

Mitigation strategies can include setting up preventive systems, creating contingency plans, and regularly updating risk management practices to adapt to new challenges. An example given in the script is mitigating risks in alumni fundraising by improving database management and organizing alumni events.