Companies rarely achieve success on their own. Rather, they are increasingly dependent upon contractual business relationships to extend the capabilities of the enterprise, often for ultimate business success and survival. Yet many executives overlook the importance of monitoring the performance and compliance of their extended business relationships; this may increase the risk of unintended or damaging effects. How can executives better manage these relationships to limit their risk exposure and optimize the relationship itself?
This new thought leadership by Deloitte & Touche LLP illustrates how a risk intelligent approach to managing the extended enterprise can help companies preserve the value of their contracts and optimize business performance.