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How to solve business problems effectively. Problem solving tools and techniques to help your business grow faster and more resiliently. Find out how to solve your business problems. Network with top risk leaders. Learn how to solve business problems online.
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Good Business Decisions
BusinessRiskTV.com helps decisions
In the world of business, making the right decisions can be the difference between success and failure. Business owners must be able to weigh the potential risks and rewards of each decision before taking action. But with so many variables to consider, making good business decisions can be a daunting task. Fortunately, BusinessRiskTV.com is here to help. In this article, we’ll explore the importance of good business decisions and how BusinessRiskTV.com can help you make them.
Why Good Business Decisions are Important
Making good business decisions is essential for the long-term success of any company. Here are a few reasons why:
Maximising profits: Good business decisions can help you maximise your profits by identifying opportunities to cut costs, increase revenue, and improve efficiency.
Mitigating risks: Every business decision involves some level of risk. Making good decisions can help you identify and mitigate potential risks, reducing the likelihood of financial losses.
Building trust: Making good decisions can help build trust with customers, employees, and investors. By demonstrating your ability to make sound decisions, you can inspire confidence in your stakeholders and build a positive reputation for your company.
Improving innovation: Good business decisions can lead to innovative ideas and solutions, helping your company stay ahead of the competition.
How BusinessRiskTV.com can Help
BusinessRiskTV.com is an online platform designed to help businesses manage risks and make informed decisions. Here are some of the ways BusinessRiskTV.com can help you make good business decisions:
Risk Management Tools: BusinessRiskTV.com provides a wide range of risk management tools to help you identify, assess, and mitigate potential risks. These tools can help you make informed decisions based on data-driven insights.
Expert Advice: BusinessRiskTV.com provides access to a network of experts in various industries. These experts can offer valuable insights and advice on how to make informed business decisions.
Industry Insights: BusinessRiskTV.com provides access to a wealth of industry insights and data. By staying up-to-date with the latest trends and developments in your industry, you can make informed decisions that give you a competitive edge.
Training and Education: BusinessRiskTV.com provides training and education resources to help you and your team improve your decision-making skills. By developing your ability to make informed decisions, you can improve the overall performance of your company.
Examples of Good Business Decisions
Let’s take a look at some real-world examples of good business decisions:
Apple’s Decision to Focus on Design: In the early 2000s, Apple made the decision to focus on design, creating products that were both aesthetically pleasing and functional. This decision helped Apple differentiate itself from competitors and build a loyal customer base.
Netflix’s Decision to Move into Original Content: In 2013, Netflix made the decision to move into original content, producing shows like House of Cards and Orange is the New Black. This decision helped Netflix reduce its reliance on licensed content and establish itself as a major player in the entertainment industry.
Amazon’s Decision to Invest in Technology: Amazon has consistently invested in technology, from its early days as an online bookseller to its current position as a leading e-commerce and cloud computing company. This decision has helped Amazon stay ahead of the competition and maintain its position as a market leader.
Coca-Cola’s Decision to Expand into New Markets: Coca-Cola has a long history of expanding into new markets, from its early days in the United States to its current position as a global brand. This decision has helped Coca-Cola maintain its position as one of the world’s most recognisable brands.
Ford’s Decision to Introduce the Model T: In 1908, Ford made the decision to introduce the Model T, a car that was affordable and easy to produce. This decision revolutionised the automobile industry, making cars accessible to the average person and transforming transportation as we know it.
These examples demonstrate the importance of making good business decisions and the impact they can have on a company’s success.
Making good business decisions is essential for the long-term success of any company. By identifying and mitigating potential risks, maximising profits, building trust, and improving innovation, good business decisions can help companies stay ahead of the competition and achieve their goals.
BusinessRiskTV.com is an online platform designed to help businesses manage risks and make informed decisions. By providing access to risk management tools, expert advice, industry insights, and training and education resources, BusinessRiskTV.com can help companies make informed decisions that drive their success.
So if you want to make good business decisions, turn to BusinessRiskTV.com. With its wealth of resources and expert guidance, you can make informed decisions that help your company achieve its goals and thrive in today’s competitive business landscape.
Why do we use fossil fuels instead of renewable energy
Around half of UK parliaments MPs or lawmakers have asked the trustees of UK parliament pension fund to sell all its shares in oil and gas companies. The Divest Parliament Pledge is purpose is to protect the environment. However companies like BP are also at the cutting edge of innovative new ways to create power. Encouraging fossil fuel businesses to innovate for the future is more important than showcasing MPs environmental protection credentials for the sake of a few more votes.
Responsible Investing with Environmental Social Governance ESG Risk Analysis
The demand to ditch fossil fuels came in the Divest Parliament Pledge has been signed by around half of the MPs in UK parliament including Liberal Democrat leader Jo Swinson in a Scottish constituency and the Scottish National Partys SNPs Westminster leader Ian Blackford. Given that the Scottish economy is still making alot of money out of oil and gas in the North Sea this seems particularly short sighted and counterproductive and perhaps two faced!
The UK Parliamentary Pension Funds single biggest holding is 11.6 million pounds worth of shares in BP. It also owns 10.9 million pounds worth of shares in Royal Dutch Shell.
Caroline Lucas, Green MP for Brighton Pavilion, said: “The climate emergency requires that we keep fossil fuels in the ground.
Obviously the oil and gas industry is polluting the atmosphere. However UK industry could not compete or survive if business leaders banned the use of fossil fuels. If we use fossil fuels then it is hypocritical to say we will not invest in oil and gas industries.
The oil and gas industry leaders are themselves moving their investments into low polluting or non polluting alternatives to creating energy and power to drive business and household use. They are acting on climate change for their own good and the good of society.
In addition the UK heavily taxes these fossil fuel businesses. Plus these businesses create hundreds or thousands of jobs and these people pay income tax to support the NHS and other public expenditure.
It is not showing leadership by forcing UK parliament pension trustees to sell shares in fossil fuel business. It hypocritical grandstanding trying to win votes from the public increasingly fearful of climate change.
What would be more impressive and productive would be to encourage fossil fuel businesses to innovate with tax cuts on environmental protection innovation. However that would require real leadership and like most things that are good a short term cost. The long term benefits for the environment the public and the fossil fuel businesses would far outweigh the short term cost.
Instead of grand standing on an environmental protection ticket these MPs could be more effective at leading change.
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Guide To Problem Solving With BusinessRiskTV
Common Biz Problems & Solutions
Common Business Problems: Impediments and the BusinessRiskTV Guide to Problem Solving
Running a business is an intricate endeavour filled with various challenges. From startup ventures to well-established corporations, businesses face a range of problems that can hinder their growth, profitability, and overall success. Recognising and addressing these issues promptly is crucial to ensure the longevity and prosperity of any organisation. In this article, we will explore some common business problems, discuss why they impede businesses, and present the BusinessRiskTV Guide to Problem Solving.
I. Financial Constraints
One of the most prevalent issues faced by businesses is financial constraints. Limited access to capital, cash flow problems, and high operating costs can cripple an organisation’s ability to invest, expand, and innovate. Insufficient funding can prevent businesses from hiring top talent, acquiring necessary resources, and adapting to market changes. Without a strong financial foundation, companies may struggle to remain competitive and sustain their operations in the long run.
II. Lack of Innovation
Innovation is vital for businesses to stay relevant and competitive in today’s dynamic market. However, many organisations face the challenge of stagnation and a lack of innovation. This problem can arise due to a rigid organisational structure, resistance to change, or a failure to allocate resources for research and development. Without a focus on innovation, businesses may fail to keep up with evolving customer demands and technological advancements, ultimately losing their competitive edge.
III. Ineffective Marketing and Branding
Marketing and branding play a significant role in shaping a business’s perception among consumers. However, many companies struggle with developing effective marketing strategies and building a strong brand identity. Inadequate market research, ineffective communication, and a lack of brand consistency can lead to low customer engagement, reduced sales, and difficulty in attracting new customers. Without a robust marketing and branding approach, businesses may fail to differentiate themselves from competitors and struggle to establish a loyal customer base.
IV. Poor Customer Service
Customer satisfaction is paramount to the success of any business. However, poor customer service can drive customers away and damage a company’s reputation. Insufficiently trained staff, unresponsive customer support, and ineffective complaint resolution processes can create negative experiences for customers. This can result in lost sales, diminished customer loyalty, and negative word-of-mouth publicity, all of which can have a significant impact on a business’s bottom line.
V. Operational Inefficiencies
Operational inefficiencies can arise from various factors, including ineffective processes, poor supply chain management, and inadequate resource utilisation. These inefficiencies lead to delays, increased costs, and reduced productivity. Over time, they can result in decreased customer satisfaction, decreased profit margins, and a loss of competitive advantage. Addressing operational inefficiencies is crucial for optimising business performance and ensuring smooth operations.
VI. Human Resources Challenges
Managing human resources can be a complex task for businesses. Challenges such as attracting and retaining top talent, fostering employee engagement, and addressing conflicts within the workplace can impede productivity and hinder organizational growth. Failure to create a positive work culture and provide opportunities for professional development can lead to high turnover rates and a loss of valuable expertise. Investing in human resources and addressing these challenges is essential for building a motivated and skilled workforce.
BusinessRiskTV Guide to Problem Solving
To overcome the common business problems outlined above, the BusinessRiskTV Guide to Problem Solving offers a systematic approach to identify, analyse, and address issues effectively. Here are the key steps of the guide:
Problem Identification: Thoroughly examine your business operations and identify the specific problems hindering growth and success. This could involve conducting surveys, analysing data, and soliciting feedback from employees and customers.
Root Cause Analysis: Determine the underlying causes of the identified problems. Look beyond surface-level symptoms to identify the core issues impacting your business. Use tools such as the “Five Whys” technique to delve deeper into the root causes of the problems.
Prioritisation: Prioritise the identified problems based on their potential impact on the business and the feasibility of addressing them. Focus on tackling the most critical issues first to maximise the positive impact on your organisation.
Collaborative Approach: Involve key stakeholders, including employees, managers, and customers, in the problem-solving process. Embrace diverse perspectives and encourage open communication to gain a comprehensive understanding of the problems and potential solutions.
Solution Generation: Brainstorm potential solutions to address the identified problems. Encourage creativity and innovation during this stage. Consider both short-term fixes and long-term strategies that align with your business goals.
Evaluation and Selection: Evaluate each potential solution based on its feasibility, cost-effectiveness, and alignment with your business objectives. Select the solutions that are most likely to deliver positive results and address the root causes of the problems effectively.
Implementation: Develop a detailed action plan for implementing the selected solutions. Assign responsibilities, set deadlines, and allocate necessary resources. Communicate the plan to all stakeholders and ensure everyone is aligned and committed to the implementation process.
Monitoring and Evaluation: Continuously monitor the progress of the implemented solutions and evaluate their effectiveness. Use key performance indicators (KPIs) to measure the impact of the solutions on your business. Make adjustments as needed to optimise the outcomes.
Continuous Improvement: Problem-solving should be an ongoing process. Regularly review your business operations, gather feedback, and seek opportunities for improvement. Foster a culture of continuous learning and adaptation within your organization.
Common business problems can impede an organisation’s growth and success. However, by recognising these challenges and implementing effective problem-solving strategies, businesses can overcome these obstacles and thrive. The BusinessRiskTV Guide to Problem Solving provides a structured approach to identify, analyse, and address problems systematically, empowering businesses to make informed decisions and drive positive change. By prioritising problem-solving and embracing a culture of continuous improvement, businesses can overcome challenges, enhance their competitiveness, and pave the way for long-term success.
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BusinessRiskTV Guide To Business Protection
Running a successful business requires more than just a great product or service. It involves understanding and managing the risks that can impact your organisation. From financial risks to cybersecurity threats, there are various factors that can jeopardise the stability and growth of your business. In this BusinessRiskTV Guide to Business Protection, we will explore the key areas you need to consider to protect your business from potential risks.
Risk Assessment The first step in protecting your business is to conduct a thorough risk assessment. This involves identifying and evaluating the potential risks that your business may face. It is essential to assess both internal and external factors that could impact your operations. Internal risks may include financial instability, employee turnover, or operational inefficiencies. External risks can range from economic downturns to changes in regulations or new competitors entering the market. By conducting a comprehensive risk assessment, you can prioritise your efforts and allocate resources effectively.
Financial Risk Management Financial risks can have a significant impact on your business’s sustainability. It is crucial to develop a robust financial risk management strategy to protect your company’s assets and ensure its long-term viability. This includes identifying potential risks such as cash flow issues, debt management, currency fluctuations, and interest rate changes. Implementing financial controls, diversifying revenue streams, and creating a contingency fund are some of the strategies you can adopt to mitigate financial risks.
Insurance Coverage Insurance plays a crucial role in protecting your business from unexpected events. It is essential to assess your insurance needs and ensure that you have adequate coverage. Different types of insurance policies are available to address specific risks, such as property insurance, liability insurance, business interruption insurance, and cyber insurance. Carefully review the terms and conditions of each policy to ensure that it aligns with your business’s unique requirements. Regularly reassess your coverage to account for any changes in your operations or business environment.
Cybersecurity Measures In today’s digital age, businesses are increasingly vulnerable to cybersecurity threats. Protecting your business’s sensitive information and customer data is of utmost importance. Implement robust cybersecurity measures, including firewalls, encryption, secure passwords, and regular data backups. Educate your employees about the best practices for data security and create a culture of awareness within your organization. Conduct regular security audits and stay updated with the latest cybersecurity trends to stay one step ahead of potential threats.
Legal Compliance Compliance with laws and regulations is critical to protecting your business from legal risks. Failure to comply with relevant regulations can result in hefty fines, legal battles, and damage to your reputation. Stay informed about the laws and regulations that govern your industry and ensure that your business adheres to them. This may include data protection laws, labor regulations, environmental regulations, and consumer protection laws. Establish robust compliance processes, including regular audits and training programs, to minimise legal risks.
Business Continuity Planning Developing a comprehensive business continuity plan is essential to ensure that your business can withstand unexpected disruptions. Identify the critical functions of your business and create contingency plans to mitigate risks. This may involve developing alternate supply chains, establishing remote work capabilities, or creating backup systems for crucial operations. Regularly test and update your business continuity plan to account for any changes in your operations or potential risks.
Reputation Management Protecting your business’s reputation is crucial for long-term success. A damaged reputation can result in loss of customers, decreased revenue, and difficulty attracting top talent. Implement strategies to build and maintain a positive brand image. This includes delivering excellent customer service, being transparent and ethical in your business practices, and actively managing your online presence. Monitor social media platforms, respond promptly to customer feedback, and address any negative publicity proactively.
Strategic Partnerships Collaborating with strategic partners can help mitigate risks and enhance your business’s protection. Strategic partnerships can provide access to additional resources, expertise, and networks that can help you navigate risks more effectively. Look for partners who complement your business and share similar values. Collaborate on joint projects, share best practices, and leverage each other’s strengths to enhance your risk management capabilities. Building strong relationships with suppliers, distributors, and other key stakeholders can also contribute to the overall protection of your business.
Employee Training and Engagement Your employees are an integral part of your business’s protection. Investing in employee training and engagement can help mitigate risks and enhance your overall business resilience. Provide regular training sessions on topics such as risk awareness, cybersecurity, compliance, and crisis management. Foster a culture of open communication, where employees feel comfortable reporting potential risks or suggesting improvements. Engaged employees are more likely to be vigilant and proactive in identifying and addressing risks, contributing to a safer and more secure business environment.
Continuous Monitoring and Evaluation Business protection is an ongoing process that requires continuous monitoring and evaluation. Regularly review your risk management strategies and update them as necessary. Stay informed about the latest trends and developments in your industry to anticipate potential risks. Monitor key performance indicators (KPIs) and implement a robust reporting system to track the effectiveness of your risk management efforts. Conduct periodic audits and risk assessments to identify any emerging risks or areas for improvement.
Protecting your business from potential risks is essential for its long-term success and sustainability. By conducting a thorough risk assessment, implementing financial risk management strategies, securing adequate insurance coverage, strengthening cybersecurity measures, ensuring legal compliance, developing a business continuity plan, managing your reputation, leveraging strategic partnerships, investing in employee training and engagement, and continuously monitoring and evaluating your risk management efforts, you can enhance your business protection. Remember, business protection is an ongoing process that requires adaptability and a proactive approach to address the ever-evolving risks in today’s business landscape. By prioritising risk management and taking proactive measures, you can safeguard your business and position it for long-term growth and success.
Have you booked a holiday overseas and feel you need a way to justify your expansive carbon footprint? Have plenty of money and lots of good words to say about protecting the environment that does not involve sacrificing your overseas holiday? Think you can fool your friends and yourself into thinking you are protecting the environment? Then carbon offsetting is for you!
So you think that your conscious is clear cause you pay money to pump more carbon into the environment? You might be fooling yourself and your friends but we both know carbon offsetting is not protecting the environment. Stop flying that will help save the planet!
Many people including Extinction Rebellion XR activists think that their personal carbon footprint is not the problem. It is other peoples carbon footprint that is the problem! How ridiculous!.
Off course it is your right to express with tears anger and protesting your fears for the imminent extinction of the earth but think about it for a moment. Extinction? Do you really think carbon offsetting is the response to imminent extinction? You may be kidding yourself and your friends justifying your lifestyle choices with carbon offsetting but carbon offsetting is simply a farcical excuse to allow you to blame everyone else for death of the planet whilst you swan off on your holidays!
Its okay little children we can still fly off on holiday cause I use carbon offsetting to save the planet instead! Its peoples shameful lifestyle that is killing the planet. If only they heard about carbon offsetting. Then the ice caps would not melt and the air around Heathrow would be simply devinely healthy.
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If you think there is a real extinction threat then instead of a voluntary carbon offset that allegedly counteracts the damage your life is doing to the planet you should be doing less damage to the planet.
If you think there is imminent threat of planet extinction instead of using your money to restore the damage you have forced on the planet why not just not damage the planet.
Carbon offsetting is to designed to give you an excuse to fly off on holiday when your children ask if your flight is helping to kill the planet. Carbon offsetting if you believe in extinction threat is actually a very dangerous tool that is more likely to do harm than good. Your money would be better invested in not doing damage in the first place.
Carbon offsetting is only offering flyers and the like a way out of their environmental green guilt. It is not saving the planet. It is making the damage to planet worse and you know it really. The key to saving the planet is to change your behaviour and the way you spend money.
Carbon offsetting is good PR for your unwillingness to make lifestyle sacrifices. It does not help save the planet.
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We are not backers of Extinction Rebellion message. Their environmental targets are unreachable and are therefore not smart in any way whatsoever. If there is a growing climate emergency it will be defused by people changing their spending habits not by carbon offsetting.
BusinessRiskTV looks for real environmental solutions to real risks for the benefit of people and the planet.
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Find out how to lead your business to disrupt the marketplace. Discover how to react to disruption imposed on your business by other business leaders. Lead your business to faster growth. Protect your business from business disruptors.
Learn to thrive in disruptive business environment with BusinessRiskTV
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What can a business do to survive an economic crisis
Many business leaders claim external risk factors are the cause of poor business performance. They then claim full credit when the business has performed well!
Brexit uncertainty has been the perfect cover for poorly performing business leaders. No doubt their expert hand on the tiller will be responsible for improved performance after Brexit uncertainty has been removed one way or another.
The best example of excusers are retail business leaders. Worst of all is the British Retail Consortium BRC that frequently and consistently over the last 3 years have winged how difficult their members are finding the marketplace. The cause? All down to Brexit uncertainty as if it has just been sprung on retail business leaders!
The actual cause of losses shop closures and job losses has been that some retail businesses have incredibly bad business leaders who have lacked innovation and creativity. Some retail business leaders have stuck by what has worked for them in the past when in fact they needed to take action to prepare their business for a global economic slowdown and Brexit uncertainty.
Not all retail business leaders fall into this incompetent business leader camp. Many inspired and creative retail business leaders have prepared their business to changing economic environment and have or are starting to reap the rewards of being excellent business leaders.
If your CLICK here you will find some more business retail business leaders who know their onions. One company I have not heard being proclaimed as master of the High Street is Iceland. Take a walk along their food retail isle and you will soon discover that the Iceland management team have polished a turd and created a wonderful new retail business experience. Quality food is presented in great shops and offer fantastic value for money. Move over Lidl and Aldi as iceland are beating you at your own game.
What does ASDA and Sainsburys try to do? They go for a stock market solution. After trying to merge to destroy shareholder value and boost senior management team personal earnings before they retire then resort to price cuts. How innovative!
Best Retail Business Leaders To Watch – Iceland Management Team
My tip for the future is not because I am rewarded by Iceland. It is because I buy their products every week and so should you if you like quality food and great prices provided by impressive food retailers.
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What strategies can a company use in an economic downturn?
There is no doubt that the global economy is slowing in activity. No business leader can change the economic environment. Business leaders can however change how they manage the risks coming out of an economic slowdown.
Check in with BusinessRiskTV to find out what your peers are doing and what risk management experts recommend you do.
Bad situations can often be the spark and drive for better business management. Starting and growing a business in a bad economic climate can be the best situation to be in. Be prepared and do not listen to the naysayers in life and business!
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Identify the next steps for a better future regardless of the economic environment. Update your business plan and risk management strategy.
A bad economy could be the best thing for your business. Fewer competitors and more business opportunities for growth. Do not procrastinate. the perfect moment to make changes or start a business will never come until it is too late to take advantage of the opportunity. There is no such thing as a no risk business. Manage the risks to maximise performance with available business resources.
Great businesses can start and grow in any economy
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UK economic forecast next 5 years. Global business and economy experts opinions analysis and review of best guess for UK economy. Network with top business leaders and risk management professionals to help you make better more informed business decisions.
Businesses in the UK will grow over the next 5 years. Will your business be one of them. Not all businesses in UK will grow. The UK business leaders which take the right decisions to protect and grow their business will grow their business regardless of the UK economic future.
What of the future? Economic growth not contraction. The fundamentals of the UK economy are strong. Can your business exploit the opportunities for growth that are ahead?
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Is printing money a Ponzi scheme designed to bail governments out and create asset bubbles to make rich richer and poor poorer?
The claim that printing money by western central banks is a Ponzi scheme is a controversial one. Some economists argue that it is true, as printing money can lead to inflation, which erodes the value of money saved by citizens and investors. Others argue that printing money can be a necessary tool to stimulate economic growth, and that the negative effects of inflation can be managed.
Here are some of the potential consequences of printing money:
Inflation: When the government prints more money, it increases the amount of money in circulation. This can lead to inflation, as people have more money to spend and demand for goods and services increases. Inflation can make it more expensive to buy goods and services, and can erode the value of savings.
Devaluation of the currency: If the government prints too much money, it can lead to the devaluation of the currency. This means that the currency will become worth less in terms of other currencies. This can make it more expensive for businesses to import goods and services, and can make it more difficult for people to travel abroad.
Unintended consequences:Printing money can also have unintended consequences. For example, it can lead to asset bubbles, as people invest in assets in the hope that their value will increase. This can lead to a financial crisis if the asset bubble bursts.
It is important to note that the effects of printing money can vary depending on the specific circumstances. For example, the effects of printing money during a recession may be different from the effects of printing money during a period of economic growth.
In conclusion, the claim that printing money by western central banks is a Ponzi scheme is a complex one. There are both potential benefits and risks associated with printing money, and the effects can vary depending on the specific circumstances.
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Our innovative approach to business growth will help your business grow faster regardless of the UK economic outlook. Some businesses always grow and there is no reason it could not be your business.
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Sure there is uncertainty about the UKs economic future. When has there been certainty? The key is to find ways to grow whatever the economic future or at least protect your business so it is resilient and survives.
There are undeniable challenges ahead for UK business leaders. Identify them assess their impact on your business and set a risk management plan and strategy for business resilience.
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Our professional assistants will take what you offer and present it to more potential customers so you make more sales with little extra cost.
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We will supply your new digital shop front where your customers look for your products and services online.
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UK productivity crisis and tips to improve productivity with BusinessRiskTV.com
Productivity in UK contracted at the fastest annual pace since 2014 during the second quarter according the Office for National Statistics ONS. The UK economy is amazing at creating jobs but bad at working efficiently. UK productivity has been lower over the past decade than at any time in the 20th Century according to ONS.
Output per hour worked fell 0.5 percent year on year in the second quarter.
Office for National Statistics ONS
Working more efficiently is critical to sustainably lift the UK standard of living. The UK has innovative energetic people working in the economy. Why are innovative ways of doing things not being embedded in the workplace to boost UK productivity? We can change the way we do things but we need to work at it instead of doing what we have always done.
Working inefficiently is not a new thing for the UK. Many employers in UK see investing in new machinery equipment or buildings as too risky and too expensive compared to employing labour which can be cut without much cost and little risk.
The geopolitical risks and global slowdown does not make business leaders in UK confident enough to invest in their future today. However even in these difficult times there are opportunities to invest for future growth with less uncertainty.
The efficiency of the UK workforce is measured in output per worker and the UK has been working inefficiently more or less since the financial crisis. This is understandable. After you have had your fingers burned you can become more risk averse through fear you will be burned again.
However if you deploy holistic enterprise risk management decision making strategy it can help reduce uncertainty impacting negatively on business objectives and productivity. You can become more successful more quickly for longer with enterprise risk management strategy.
Output per worker in UK has for years been worse than the rest of the G7 advanced economies who we should compare the UK against. We are working harder to grow than the rest. We need to work smarter and more efficiently to grow the UK economy sustainably. Each UK business needs to work smarter and more efficiently to grow faster for longer.
All types of risk management tips advice and support on BusinessRiskTV.com
Could you help business leaders and help yourself at the same time? You can with BusinessRiskTV. Join our panel of enterprise risk management experts. Network with your peers and risk management experts to boost your business performance. Pick up tips to overcome barriers to business growth.
Importance Of Risk Taking In Business
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Competitive advantage in e commerce for manufacturers and producers in UK with BusinessRiskTV
Join your peers and risk management experts online to develop a new competitive advantage strategy for your business. Benefits for competitive advantage development with BusinessRiskTV include developing new income streams that produce sustainable profit. Competitive aspects of manufacturing do not just rely on what you put in. It includes what you get out of the manufacturing process that counts.
Enterprise risk management expert Keith Lewis will help you develop a competitive advantage quickly and cheaply. Fast business growth can occur online in UK and overseas using your existing products and new products.
What are you doing to create more profit growth in future today?
UK Business and Economy News and Risk Analysis Report August 2020
About BusinessRiskTV Manufacturing Business Forum
BusinessRiskTV works with manufacturing business leaders and risk management professionals to protect businesses better and grow faster. Transform your manufacturing company to disrupt the marketplace and maximise your profitability.
You will develop innovative new business strategies to grow your business faster with less uncertainty with BusinessRiskTV.
Subscribe to BusinessRiskTV Manufacturing Business Forum for free alerts and bulletins to help you develop a sustainable competitive advantage
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Manufacturers and producers promote and market your business on BusinessRiskTV for 12 months
Find out how to promote your business locally and globally
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Exploiting Opportunities Mitigating Threats Cost Effectively With BusinessRiskTV
An effective enterprise risk management framework and risk assessment process will identify assess and manage your enterprise risks.
Your enterprise risk management system should help you ensure enterprise risk awareness to mitigate threats and seize new business opportunities.
Control the impact of uncertainty on your business objectives. Create and development new opportunities for business growth. Focus limited business resources on key limiting issues holding your business back. Build business resilience.
Our holistic risk management approach to business decision making can help you develop a new risk based business strategy for greater success. Combat key business threats. Create new profitable revenue streams.
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Our future is here. We need to invest hard cash into the money innovative ideas that are just seedlings. In addition we need to invest money on old ideas that have legs but no backers. There are enormous opportunities for business and economic growth. Trouble is that we are still trying to make the obsolete ideas work for us now.
