During this month we have been talking about Risk Management and Risk Appetite. NSW Business Chamber also interviewed Our CEO Alf Esteban on the value of risk management to organisations - regardless of size. We wanted to share this article with you; we hope you find it useful: Don't just tick the box of risk management - think outside it. It's where real value lies. As kids we’re taught to avoid risk but embracing it may be the best thing you can do for your business. Risk management is a day-to-day part of running a business, but many organisations are failing to manage their risk effectively, resulting in reduced productivity and even profitability. Look through negative perceptions “There is a perception that all risk is bad in business and that ‘managing’ it is just about compliance,” says Alf Esteban, Chief Executive Officer of risk management company Protecht. “Consequently many businesses look at it as something they have to do, a box they have to tick, without seeing the value of it.” In fact, placing a higher value on risk management is one of the best things you can do to ensure your business flourishes.