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Risk management holds the key, say Asian executives.
Byline: Ploy Chitsomboon
Dec. 2--Business prosperity depends not so much on avoiding risk, but rather managing it properly, according to leading executives speaking at the CEO Dialogue conference yesterday.
Pierre Fenech, a managing director and board member for Prudential Corporation Asia in Hong Kong, said judicious risk-taking allows companies to raise profits and shareholder value amid intense competition in any business environment.
But most corporate meltdowns stemmed from the fact that the companies did not fully recognise the risks they were taking. "Growth comes with different types of risk," he said. "Some risk is political. Some risk ...
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Source: HighBeam Research, Risk management holds the key, say Asian executives.