Financial Risk
Loss of investments or unpaid debts.
Reputational Risk
The partner does something that damages your reputation.
Operational Risk
Process failure or inefficiency such as late delivery that disrupts production.
Legal Risk
The risk of a legal dispute with the partner.
Compliance Risk
Compliance violations or costs related to the partner.
Dependency Risk
Becoming dependent on the partner such that they gain leverage over you.
Vendor Lock-in
Difficulties to end the partnership such as a need to change processes, systems and data.
Intellectual Property Risk
Loss of intellectual property such as trade secrets to the partner.
Cybersecurity Risk
Cybersecurity threats and vulnerabilities that originate with the partner.
Country Risk
Risks related to political disruptions in the country of the partner.
Quality Risk
Quality issues related to the partner.
Cultural Risk
The risk that cooperation with the partner will be inefficient due to different organizational cultures.
Environmental Risk
The risk that the partner will damage the environment. This is your extended responsibility.
Social Responsibility Risk
The risk that the partner will have a negative impact on people.
| Overview: Partner Risk | ||
Type | ||
Definition | The potential that a partner will fail to meet obligations to you. | |
Specific Examples | A supplier that fails to deliver a critical component for a production process.An IT consulting company that fails to deliver a technology transformation project to expectations.A financial partner who goes bankrupt. | |
Risk Treatments | ||
Related Concepts | ||
