E-business/e-commerce is creating a whole new outlook on how business is being conducted with all stakeholders—customers, suppliers, distributors, investors and the public. Organizations need to be aware of the risks as well as the rewards.
How e-Risky Are You? The Relationship between Strategic e-Bus/e-Com Planning and Establishing a Healthy e-Risk Management Program
How e-Risky Are You? The Relationship between Strategic e-Bus/e-Com Planning and Establishing a Healthy e-Risk Management Program
Canadian Economic Analysis
Technology and Innovation Analysis
Pages:34 pages57 min read
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E-business/e-commerce has contributed to an energetic worldwide boom of competitiveness and soaring stock prices. Therefore, organizations are strategically planning e-bus/e-com initiatives and actively seeking information that can help secure their company’s future.
This comprehensive report describes the relationship between e-bus/e-com planning and an e-risk management program and provides insight into practices in e-risk management.
In order to build an e-risk strategy, most organizations undertake a number of steps:
- assess enterprise-wide risk tolerance;
- measure senior executives’ attitudes towards e-com;
- define the motivators and barriers of e-bus/e-com development;
- determine legal issues and risks;
- assess capital and soft investment value of e-bus/e-com;
- design e-bus/e-com model;
- control risks at the strategic level; and
- gain senior management support.
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