2017 Business Risks

Hopefully, 2017 will be a year of great prosperity for you and your business. What risks will businesses face in the coming year? CPA Practice Advisor’s managing editor Isaac O’Bannon reports on the findings of a new study examining these risks. “Recent global uncertainties and their potential effects on businesses are top of mind for board members and executive management teams as they assess their risks for 2017,” writes O’Bannon. Here’s what they rated as the highest risks to their organizations:

• Economic conditions in markets currently served may significantly restrict growth opportunities for the organization. (72%)
• Resistance to change may restrict the organization from making necessary adjustments to the business model and core operations. (54%)
• The organization may not be sufficiently prepared to manage cyber threats that have the potential to significantly disrupt core operations and/or damage the brand. (60%)
• Our organization’s succession challenges and ability to attract and retain top talent may limit our ability to achieve operational targets. (55%)

To read more, see “The Top 10 Business Risks of 2017” from CPA Practice Advisor.