Nov 28, 2017 3:28:47 PM
Senior leadership has many responsibilities, and one is to make sure the company operates at a profit. Certain performance metrics contribute to profitability such as annual sales growth, return on investment, and profit margin. Profit margin, in particular, can directly correlate to the effectiveness of the organization’s risk management strategy. Senior leadership’s role in championing this strategy begins with identifying the motor carrier’s loss exposures and devising a plan to mitigate or avoid potential losses. What does this look like? Here are seven elements of a successful risk management program that senior leaders can adopt.