The following is a guest blog post from Mike Lazzara, customer support representative with YourMembership.com. Mike has been a valuable part of our team here at YM, having previously worked in the Sales and Marketing Department before moving to Customer Support in late 2011. Prior to joining YM two years ago, Mike served as Risk Manager for a yacht manufacturing company. He approaches knowledge according to a saying his grandfather told him, “you don’t have to know everything about something, but you should try to know something about everything.”
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Putting the appropriate risk management program in place is dependent upon understanding certain aspects inherent to any risk management process. The first is defining risk management. Risk can be viewed as any potential event resulting in a physical or financial loss, such as damage to company property or legal fees associated with a lawsuit. While an event can result in a positive outcome, risk management generally deals with preventing outcomes that are viewed as negative by organizations. Management deals with planning, organizing and controlling resources to achieve given objectives. Therefore, Risk Management, and by extension risk management programs, can be viewed as a method of organizing and controlling organization resources in such a way as to minimize loss should an event with a negative outcome occur or prevent the event altogether. Read the rest of this entry »
