Non-Business: sovereign, political, economic, regulatory, environmental, social, technological change, disruptive competition
Business: brand, sector, changes in technology, irrational competition, changes in CEO or executive management, erosion of moats, reputation
Financials: Is there anything about the financials that worries you?
We’re most likely to profit by identifying risks that others don’t recognise or pay attention to. These are the most useful risks to list. Risks easily recognised by management should be covered by insurance (for example a fire in their factory) while risks to the economic cycle (for example movements in interest rates or exchange rates) should average out over that cycle.
Future Risks: Will be scored during meeting