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In 2005, Marvel’s CEO, Avi Arand, and COO, David Maisel, convinced the board of directors to get in a risky deal with Merrill Lynch to get the production house funded. Consequently, they received $525 Million to make movies based on 10 of Marvel’s characters. But if the first four flopped, they would have to give the rights of the remaining six superheroes to their creditors.
Although, in 2008, Iron Man, the first movie produced under this new deal, grossed around $600 Million worldwide, inspiring Disney to acquire Marvel.
This anecdote signifies that not all risks have a negative impact and can, therefore be turned into opportunities. In fact, according to ISO 901:2015, all companies should consider risks and opportunities as part of the quality management system.
But how should they proceed?
Risks can be of varied types, including social risk, human resource risk, innovation risk, business continuity risk, strategic risk, operational risk, compliance risk, and more. However, to manage them, companies need to become “ambidextrous organizations” that successfully exploit and protect the present opportunities, and explore future innovations. This process further includes four steps…
- Identify risks and opportunities by determining the source—considering the past, developing customer sensitivity, learning from other companies, and implementing scanning/scenario planning techniques.
- Manage risks by assessing the organizations' ability and appetite to accept them—considering the willingness to bet, size, financial health, reputation, experience, agility, and more.
- Evaluate the risks and opportunities by using methods like PESTEL analysis, Porter’s Model, SWOT analysis, ROI method, and others.
- Lastly, treat the risks and convert opportunities into success, monitoring the outcome regularly.
If you, too, are planning to categorize your opportunities and risks, these steps will surely help you boost earnings, save time, enhance productivity, and reduce the negative impact on the customers. You can incorporate them into our 10 well-structured risks and opportunities templates, crafted by our team of industry experts. So grab them immediately without any second thoughts.
Let’s get started!
Template 1
Are you looking for a way to show your business risks and the related opportunities to the audience in a visually appealing way? Check out this professionally designed template to represent the critical steps required for determining the challenges. Download it now and make the desired changes.
Template 2
If you are part of the nanotechnology industry, pick this 43-slide presentation. This Nanotechnology PPT design covers topics like market overview, industry trends, financial projection, challenges, solutions, and more. So download it right away and capitalize on your opportunities.
Template 3
This is another invigorating template that illustrates detailed risks and opportunities chart. The design includes information on risks, opportunities, and the related severity percentage. So download it right away!
Template 4
Pick this attractive template to treat your project’s risks and opportunities. The design includes parameters like risk event, risk owner, mitigation treatment, residual/net risk, and more. So download and share it with your superiors using Google Slides.
Template 5
Pick this well-thought-out risk and opportunity assessment model template to captivate your audience. The design illustrates steps, such as identifying/addressing, aggregating/reporting, preparing overall strategy, managing risk, and others. So download and add it to your presentation.
Template 6
Utilize this risk and opportunity matrix to define the level of danger by considering the likelihood category against the impact severity. This design will act as a perfect tool to support agile decision-making. Grab it immediately and begin your presentation.
Template 7
You can select this template to share the impact of various strategic, technological, and location risks. This design can be easily edited, so change the text, font, color as per your requirements. Download now!
Template 8
You can represent your risks and opportunity plan using this visually attractive design. This template can be used to specify methods for applying intellectual capital rather than financial capital to void risks. Download now!
Template 9
Choose this risks and opportunities template to exhibit insurers' challenges and intuitive solutions. The risk parameters include regulation, technology, capital management, and macroeconomics trends. Besides, you can customize it as per your company's research. So download it immediately!
Template 10
Use this innovative template featuring circular risks and opportunities diagram. The nodes include crucial steps, such as identifying strength, assessing risk, considering control, reassessing the risk, and more. So download and utilize it to your advantage.
To conclude
Business risks can come in all shapes and sizes but you can avoid or mitigate them with suitable precautions. Our pre-designed PowerPoint templates can be deployed as an efficient solution to protect a business from potential harm. So enjoy unlimited access to these sturdy designs by purchasing from our monthly, semi-annual, annual, annual + custom designs subscriptions here.
Have you ever dealt with business risks? If so, what steps did you take to manage them? Let us know in the comments below!
P.S: You can reduce the deployment risks by exploring this handy guide replete with release management templates.
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