Issues related to human resources (HR) is currently experiencing a decline in the priority list of corporate executive attention. A recent survey found that risk management has taken over the priority attention of top management in the business world. The annual survey conducted by experts in various countries try to look at areas of greatest concern among senior management.
The aim, to understand how their priorities have shifted since the last three years. After managing risk, the next most important priority is to “achieve growth while increasing profitability”. Follow on the next sequence is to obtain new customers and using IT to reduce costs and create value.
Changes in organizational culture and employee attitudes ranked fifth in the list, followed by the need to increase customer loyalty and retention, enhance company performance, increase shareholder value, using innovation to maintain competence and, ultimately, to encourage and maintain the expertise of employees.
The result of this new study illustrates how companies realize they must align added risks in relation to the geo-political shocks, globalization, aggressive growth, increased competition and risk-information. Risks of explosion has brought the company into a new era of strategy, where the companies demanded high performance of the sentiments of the issues and potential opportunities and responds to then execute their strategies more quickly.