Risks and opportunities are at the heart of our decision-making processes and the day-to-day running of the BBC. The Executive Board monitors whether we are taking too much risk, or failing to capitalise on our opportunities.
Risk management mechanisms are concentrated within divisions and business units with supporting processes in place to manage project risks and cross cutting issues, such as editorial standards and safety. We also pay particular attention to our longer-term strategic threats and opportunities so that we remain competitive in an evolving market.
The Executive Board co-ordinates these processes and monitors the outputs. This ensures we maintain constant vigilance to emerging risks and opportunities to inform management decision making. The effectiveness of our approach is kept under review by the Executive Audit Committee.
The tables below provide a summary of the most significant risks and related opportunities impacting on our audiences, strategy and operations.
Content and audiences: challenges are mitigated by our editorial strategy and our commitment to Delivering Quality First.
Our mission is to inform, educate and entertain audiences, and we manage any threats to this objective. We must continue to focus
on distinctiveness and to capitalise on opportunities to improve how we serve all audiences, whilst playing our part in the profound
changes across the media sector:
Financial and operational: challenges are mitigated by our business strategy, policies and procedures.
The prolonged UK and global economic situation impacts on us and all our stakeholders and could lead to a decline in income and
spending power. In addition, the resilience of our operations, and of the operations of our suppliers and partners,
is essential to delivering the services that licence fee payers expect:
Corporate responsibility: Challenges are mitigated by the strength of our business processes.
Whilst driving our strategy to deliver quality, originality and value to our audiences, and to anticipate modern audience needs,
we must maintain appropriate practices:
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