Economic update October 2015

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Running Time: 8:32

Date: 01/10/2015

You can’t always predict what’s going to happen in business - which is why risk management is critical.

Timely advice too for those in politics following the ousting of Tony Abbott from the top job in Canberra. Risky business indeed! Professor Neville Norman draws some parallels between politics and the risks we face in business. Risk management's all about the candid assessment of alternative scenarios, just in case things don't go to plan. It's a process we should all undertake if we want to survive the bumps in the road ahead.

Prof. Neville Norman, Melbourne University