Sports Law • Risk Management

angela's blog

December 11, 2010: NFL Illegal Hit Post-Game Enforcement: Ravens-Steelers

Sometimes officials on the football field will miss calling an illegal hit, but the NFL is monitoring the videotapes and imposing fines against athletes after-the-fact. Kudos to the NFL for taking this stance, however, it is time for the NFL to turn up the heat by putting pressure on the teams to prevent these illegal hits from occurring.

December 3, 2010: Risk Management Step 4: Monitor Risks

Step four in the risk management process is to monitor what goes on in your business. Since originally implementing your risk management plan changes have likely occurred and subsequently your risk management methods might need tweaking. During the monitoring phase, staff should be consulted to determine the success of risk management strategies. Also, during this phase records should be updated and reviewed for compliance and success in controlling risk.

November 28, 2010: Obama Administration Risk Management Strategies

Following a rough post-Thanksgiving basketball game on Friday, President Obama got a busted lip according to Friday’s article by the New York Times. Obama took an elbow to the mouth, which resulted in him needing 12 stitches to mend the gash. Accordingly, the White House had to respond to the incident much in the same way a sports organization should respond to an incident.

November 23, 2010: Risk Management Step 3: Control Risks

Once step two of the risk management process is complete as discussed in a previous blog, step three is to determine what to do to control risk. This is the step in which you can make affirmative decisions and take action to protect your assets. After you have identified risks in the previous steps, you must evaluate the likelihood that a risk will occur and the severity of potential harm that may result. Probability and severity may be determined by reviewing prior incident reports, litigation history, or brainstorming the possibilities.

November 18, 2010: Risk Management Step 2: Assess Risks

After working through the time-consuming process of identifying risks to which your organization is exposed, the second step in the risk management process is to assess the risks. This step builds upon the risks that were identified in the first step. Once the risks are identified, the risks must then be classified by how likely the risk may occur and how serious the harm would be if the risk did happen.

November 12, 2010: Risk Management Step 1: Identify Risks

The risk management process can be daunting. The first step in this process, however, is to identify risks to your business. But how should you go about identifying risks to which your organization might be exposed?

For starters, brainstorm with your current employees. Collaboration with your staff can bring new perspective to the risks to your business. Also, observe a competitor’s operations to see how an organization in a similar industry manages its risks. Another option is to review trade magazines and journals to keep up on current issues and trends relevant for your organization. Yet another way to help in identifying risks is to attend professional workshops or educational seminars to learn from experts.