An established risk management framework, which influences high-level decision-making and operational planning, is a key indicator of a leading sport organization. This framework acts as a foundation for an organization to intentionally mitigate its risks within a team culture of proactive risk management. Utilizing such a framework is often a challenge in sport, where its leaders are consistently reacting to issues that arise and they are often doing so with limited capacity. Yet the impact of not intentionally managing risks, in particular the ones that reverberate throughout all levels of the organization, can have serious or even catastrophic consequences.
See all the details here.