21 Jul Protect Your Company from All-Hazards Risks

If you ask ten professionals to define the term “risk management,” you will most likely get at least seven different answers. So what does that mean for businesses today and why is it important?

Practical management systems tend to serve as the foundation for managing critical business functions in every successful company–risk management should not be an exception. In today’s global marketplace “all-hazards” risks are persistent and pervasive, and can cause immediate and devastating impacts if improperly managed. Effective risk management is an essential element in business. By systematically investing in risk management initiatives focused on a measurable return on investment, corporations can create value for their enterprise.
Luke Ritter

Luke Ritter is a consultant to Markon. Previously, he was the executive vice president and principal, global trade security for Ridge Global LLC, a firm founded by Tom Ridge, the First U.S. Secretary of Homeland Security. He is a specialist in commercial and military transportation operations and logistics, and was formerly the founder and CEO of Trident Global Partners, a nationally recognized transportation security consulting firm. Mr. Ritter holds a B.S. degree from the U.S. Naval Academy as well as an M.B.A. in transportation and logistics. He is a part-time instructor at the U.S. Merchant Marine Academy’s Global Maritime and Transportation School, and serves as a contributing scholar at the Heritage Foundation.