The Bigger Risk To Financial Services Jobs Is Automation Or Robots Not Brexit
Ignore the threat to financial services industry jobs of Brexit. You should be much more worried about the threat of robots. Job automation is the biggest finance sector threat and opportunity.
Financial services industry news headlines risk analysis and financial reports
Job Automation Risk To Your Financial Sector Job
No doubt. Financial services industry is very important to the UK economy. If financial services jobs were lost other sectors would be affected. Fewer services jobs needed to service those in financial services jobs!
Many jobs in financial services are high paid jobs. Top British bankers are paid much more than elsewhere. Resistance to moving to Germany is as much about personal reasons. The UK economy may or may not suffer after Brexit. Bankers will suffer.
However people in financial services are facing automation existential threat. Never mind moving to Germany your job is going full stop!
FinTech company jobs will be prevalent. Bankers less so. Most financial services jobs can be done faster cheaper better. Robots will be
less emotional
more reliable and
after a few years significantly cheaper
How long do you think the C Suite will keep your job. If job automation is better for bonuses your job is toast!
Existing financial services jobs are like UK miners jobs. The buildings will remain but the people in them will be different. Cyber security and fintech risk managers will be plentiful.
Banks insurers and funds will need cyber experts. They will stop external and internal threats to money.
Fintech risk managers will direct risk appetite and risk tolerance
C suite virtual bankers insurers fund managers will be wealthier
Wealthier investors but more at risk of systemic industry collapse
Software developers will frequent the bars and restaurants. Existing financial services people will be there waiting on tables!
Most existing financial services jobs will be lost to job automation. Do not doubt this for a second!
However it is not all doom and gloom. The key to survive is to move into the new financial services sector jobs. Some new financial services jobs do not exist right now! You must change your skills set to take advantage and survive.
Its not just the top bankers that need worry. Indeed they are the ones most likely to easily morph. Financial services jobs most at risk
Mortgage advice
Financial and investment advice
Insurance advice
Any financial services sector job your current phone app replaces!
Consumers have a choice to use financial services apps and websites. In future the consumer will have no choice. Financial services consumers will not speak to people. People will be gone replaced by job automation. The robots will have taken over the financial services world!
There is no point in complaining. No point arguing with us. Better spending your time reskilling instead. Stop worrying about Brexit. Start retraining to overcome threat of job automation. Learn tech skills not German!
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Improving your business productivity is the most important task today. Improving your productivity is the panacea for your business. It will solve most of your business problems. Reduce most of the threats to your business.
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There is much to be gained from learning productivity improvement techniques and little to be lost.
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Simple changes to your workplace to improve productivity in reach. They are within your business already but need bringing out. We will help you find a better way of working.
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Productivity improvement will increase profit. This will make your business sustainable not new sales. Continuous improvement is achievable. External risk drivers will threaten your business. They will also create new business development opportunities.
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There is no silver bullet for digital marketing. If you have a massive digital marketing budget then this could be the solution. Is that sustainable digital marketing? Or is it a quick way to waste of pots of money?
Examples of digital marketing tools and techniques
We use a great number of digital marketing tools and techniques. Which ones we use for you depends on what you need.
vLogging – we create vlogs for you or you send us what you have created
Explore SME advertising options – if we don’t have what you need tell us what you need and we’ll find the best digital marketing technique for your business.
The above is not an exhaustive list cause what you need might be unique. Unique digital marketing solutions is what we develop every day.
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Marketing is one of the most critical aspects of running a business. It is essential for any company, regardless of size or industry, to have a strong marketing strategy in place to attract and retain customers. With the rise of the internet and social media, digital marketing has become increasingly important for businesses to stay competitive in the modern marketplace. In this article, we will explore the concept of Get Visible Marketing and how it can help businesses thrive in today’s digital age.
What is Get Visible Marketing?
Get Visible Marketing is a term used to describe a marketing strategy that focuses on increasing a company’s visibility online. The goal of this strategy is to make it easier for potential customers to find a business when searching online for products or services that the company offers. This type of marketing is essential because it helps businesses stand out from the competition and reach new customers who may not have otherwise known about their business.
One of the key components of Get Visible Marketing is search engine optimisation (SEO). SEO is the process of optimizing a website to rank higher in search engine results pages (SERPs). When someone searches for a keyword related to a business’s products or services, the goal of SEO is to make sure that the company’s website appears at the top of the search results. This is important because most people don’t look beyond the first page of search results, so if a company’s website doesn’t rank well, they may be missing out on potential customers.
Another important aspect of Get Visible Marketing is content marketing. Content marketing is the creation and distribution of valuable, relevant, and engaging content to attract and retain a target audience. The content can be in the form of blog posts, videos, social media posts, infographics, and more. The goal of content marketing is to provide value to potential customers, establish a business as a thought leader in their industry, and ultimately drive sales.
Social media marketing is also an essential component of Get Visible Marketing. Social media platforms like Facebook, Twitter, and LinkedIn provide businesses with an opportunity to connect with potential customers and promote their products or services. Social media marketing involves creating and sharing content on social media platforms to engage with followers, increase brand awareness, and drive website traffic.
Why is Get Visible Marketing important for businesses?
Get Visible Marketing is crucial for businesses because it helps them stand out in a crowded marketplace. With so many businesses competing for the attention of consumers, it can be challenging to get noticed. By focusing on increasing visibility online, businesses can reach more potential customers and increase their chances of success.
Another reason why Get Visible Marketing is important is that it is cost-effective. Traditional advertising methods like TV and radio ads can be expensive, and the ROI is often difficult to measure. Get Visible Marketing, on the other hand, is relatively inexpensive, and the results can be easily tracked and analysed.
Additionally, Get Visible Marketing is essential because it allows businesses to connect with customers on a more personal level. By creating valuable content and engaging with customers on social media, businesses can establish themselves as thought leaders in their industry and build trust with potential customers. This can lead to increased customer loyalty and higher sales in the long run.
How can businesses implement Get Visible Marketing?
Implementing a Get Visible Marketing strategy requires a well-thought-out plan and consistent effort. Here are some steps that businesses can take to get started:
Define your target audience: The first step in implementing a Get Visible Marketing strategy is to define your target audience. Who are the people that are most likely to buy your products or services? What are their interests, pain points, and needs? By understanding your target audience, you can create content that is relevant and engaging to them.
Conduct keyword research: Keyword research is essential for SEO. By researching the keywords that your target audience is searching for, you can optimise your website and content to rank higher in search engine results pages. Tools like Google Keyword Planner can help you identify the keywords that are most relevant to your business.
Create valuable content: Content marketing is a critical component of Get Visible Marketing. By creating valuable content that educates, entertains, or solves a problem for your target audience, you can attract potential customers to your website. Make sure your content is well-written, engaging, and optimised for SEO.
Optimise your website: SEO is crucial for Get Visible Marketing. Make sure your website is optimized for the keywords that your target audience is searching for. This includes optimising your website’s meta tags, URLs, and content. You should also ensure that your website is mobile-friendly, as more and more people are using mobile devices to search the internet.
Engage with your audience on social media: Social media is an essential component of Get Visible Marketing. Create social media accounts for your business on platforms like Facebook, Twitter, LinkedIn, and Instagram, and post regularly to engage with your followers. Use social media to promote your content, share news about your business, and connect with potential customers.
Track and analyse your results: Finally, it’s essential to track and analyse your results. Use tools like Google Analytics to monitor your website traffic and track your social media engagement. This will help you identify what’s working and what’s not, so you can adjust your strategy accordingly.
Get Visible Marketing is a powerful strategy for businesses looking to increase their visibility online. By focusing on SEO, content marketing, social media marketing, and other tactics, businesses can attract more potential customers and establish themselves as thought leaders in their industry. However, implementing a successful Get Visible Marketing strategy requires a well-thought-out plan and consistent effort. By defining your target audience, conducting keyword research, creating valuable content, optimising your website, engaging with your audience on social media, and tracking your results, you can increase your chances of success in today’s digital age.
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Growth Hacking Services
Traditional marketing techniques still have their place in a growth marketing strategy. TV or radio commercials, billboards, etc may still be needed. What is increasingly needed is a dynamic online marketing approach.
How do you attract your first hundred clients?
Then how do you attract your next hundred clients? How do you ensure your business is sustainable? How do you make survival and prosperity more likely?
Growth hacker marketing is a new more sustainable way to grow your business
Grow your product or services sales more profitably. We’ll help you become a growth hacker for your business.
We’ll:
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Are you a small or medium sized business? Share tips on business growth with other members of BusinessRiskTV. Adopt their marketing tips to promote your business. Attract more customers online. How do you plan to grow your small and medium sized business?
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Optimise Risk For New Business Opportunities For Your Company
How do you become more successful as a leader? The answer is to reduce the risks and maximise the opportunities for our company.
It is most certainly a challenge to grow a business faster with less uncertainty, but that is what we help business leaders do. Don’t miss out on the new opportunities for your business to grow faster. Minimise the extra threats from taking more risk and maximise the opportunities for your business with your existing resources.
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Running a successful business is never an easy task. There are always challenges to be faced, risks to be managed, and competitors to be outsmarted. That’s why it’s important to have a solid strategy in place, and to constantly evolve and adapt as your business grows and changes.
One resource that can be incredibly helpful for business owners looking to grow their companies quickly is BusinessRiskTV.com. This online platform offers a wealth of resources and information designed to help businesses manage risk, navigate challenges, and stay ahead of the competition. In this article, we’ll explore some of the ways that BusinessRiskTV.com can help you grow your business fast.
Understanding the Risks
One of the first steps to growing your business quickly is to understand the risks involved. BusinessRiskTV.com offers a range of resources and information to help you identify potential risks to your business, and to develop strategies to mitigate those risks.
For example, the platform provides access to a range of risk management tools, including risk assessments, risk registers, and risk mapping tools. These tools can help you identify the areas of your business that are most vulnerable to risk, and to develop strategies to mitigate those risks.
In addition to these tools, BusinessRiskTV.com also offers a wealth of information and resources on risk management best practices. This includes articles, whitepapers, and case studies that provide insights and advice on how to effectively manage risk in your business.
Navigating Regulatory Compliance
Another challenge that businesses face when trying to grow quickly is navigating complex regulatory requirements. BusinessRiskTV.com can help you stay on top of regulatory compliance, with resources and information on everything from data protection regulations to health and safety requirements.
The platform provides access to a range of compliance tools and resources, including compliance checklists, compliance calendars, and compliance training materials. These resources can help you ensure that your business is meeting all of its regulatory obligations, and can help you avoid costly fines and penalties.
Networking and Collaboration
Another key factor in growing your business quickly is networking and collaboration. BusinessRiskTV.com provides a range of networking and collaboration opportunities, including forums, webinars, and events.
The platform’s forums are a great place to connect with other business owners and industry experts, and to share ideas and insights. The webinars and events offered by BusinessRiskTV.com provide opportunities to learn from industry leaders, and to connect with potential partners and collaborators.
In addition to these networking opportunities, BusinessRiskTV.com also offers a range of collaboration tools, including project management tools and document sharing platforms. These tools can help you collaborate effectively with partners, suppliers, and other stakeholders, and can help you streamline your business processes.
Marketing and Promotion
Finally, effective marketing and promotion is essential for growing your business quickly. BusinessRiskTV.com offers a range of marketing and promotion resources, including advertising opportunities, content marketing tools, and social media promotion tools.
The platform’s advertising opportunities include banner ads, sponsored content, and email marketing campaigns. These can help you reach a wider audience and promote your products and services to potential customers.
The content marketing tools offered by BusinessRiskTV.com include access to a range of industry-specific blogs, as well as content creation and distribution tools. These can help you create and promote content that resonates with your target audience, and can help you establish your brand as a thought leader in your industry.
Finally, BusinessRiskTV.com offers a range of social media promotion tools, including social media management software and analytics tools. These can help you track the performance of your social media campaigns, and can help you identify opportunities to improve your social media marketing strategy.
BusinessRiskTV.com is an excellent resource for businesses looking to grow quickly. The platform offers a range of tools, resources, and networking opportunities designed to help businesses manage risk, navigate complex regulatory requirements, collaborate effectively, and market and promote their products and services to a wider audience.
By taking advantage of these resources, businesses can not only grow quickly but can also do so while managing risk effectively. The platform provides access to a wealth of information and resources, as well as opportunities to connect with other business owners and industry experts.
In a world where competition is fierce, having access to the right resources can make all the difference. With BusinessRiskTV.com, businesses can gain a competitive advantage by staying ahead of the curve and effectively managing risk, while also building valuable relationships and promoting their products and services to a wider audience.
Overall, BusinessRiskTV.com is a valuable resource for any business looking to grow quickly and effectively. Whether you’re just starting out or are looking to take your business to the next level, this platform can provide the tools and resources you need to succeed in today’s fast-paced business environment.
What has worked in the past will probably work quite well in future, but we are thinking differently to find ways that will work better for business. Thinking differently about business threats and opportunities to build resilience and greater success.
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Tap into BusinessRiskTV digital guru services tips and advice. Promote market and advertise your business more cost effectively online. Use our eCommerce solutions to grow your online sales quicker. Use our risk management guru service to protect and grow your business with less uncertainty.
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We will become your secret weapon in the battle to win new business more profitably. Our digital guru services include writing copy in the right place for your business to attract new customers. Digital gurus will back up the copy with suitable photos images and video content. Get help to find new customers. Make people find your great products or services you offer. Help them understand why they should buy from you today.
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Social media is relatively easy to setup. It is even easy to use. Why then do many many businesses not use their on social media accounts?
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Protect yourself and benefit from innovation driven business growth
The 4th Industrial Revolution is upon us. For some it will be a plague but for others it’ll will be a feast.
Every day you can find multiple great ideas that could potentially disruptive the current way of doing things. My favourites at the moment are flying modes of transport that could easily replace vehicles that have to travel on roads and flying machines that briefly go to space to get to their destination quicker. They may seem like far off technological developments, but the technology works now. Its flight rules and regulations that will hold them back to protect carmakers and airplane makers not technology risks.
Everyday new innovative ideas and products flood onto the market. For most it will be like Tomorrows World. The innovative ideas will not be sustainable. We want to work with people who want to take over the world in a good way!
Pull in our resources to make innovation-driven business growth more likely to succeed and maximise the return of your investment of time and money.
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If you don’t have time to be innovators you may need to find time to protect against business market disruptors
Fatal existential business decisions are easy to see in hindsight. Foresight consultants can help you take steps to protect yourself from your own poor business decisions.
Anyone can take a wrong turn. If you’re lucky the decision may not be malignant. You might survive to fight another day. On the other hand.
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Your brand maybe vulnerable to others who have been thinking differently, or from changes to the marketplace. It may fail cause your performance ain’t good enough, or because your competitors change the rules of the game.
How you fail may not matter too much after you’ve failed. It will be too late to consider what you are doing wrong. Kodak didn’t want to change when they had to change to survive. They were making too much money from photographs to change to embrace digital photography. Market changes can kill the best businesses.
The best form of defence is often attack
Being more innovative or creative can be frightening. Picking the wrong horse in a paddock of new opportunities can be very costly. Innovation can also be exciting and highly rewarding.
We aim to make innovation for you more exciting and rewarding as well as reducing the uncertainties that accompany innovation and creativity. Disruptive innovators can draw on our tips advice and support to become more successful with more certainty.
BUSINESSRISKTV DISRUPTIVE INNOVATION BUSINESS GROWTH OR PROTECTION
Risk management tools and techniques too support enterprise risk management framework
Upgrade your framework for implementing risk management. Pick up more information on designing the risk management framework that supports your risk management process. Define your risk management framework for supporting enterprise risk management principles and practices. If you have the mandate and commitment for enterprise risk management from the top of your organisation you can begin building the risk management framework to make the risk assessment process work well.
Get help restructuring your risk management framework
You need to clearly define where you are now and where you want to be including the benefits you want from embarking on embedding enterprise risk management.
What is the context or reasons for wanting to change the way you manage risks?
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Develop you own risk management policy and communicate it to all stakeholders in the business. Work on what you need to do to embed enterprise risk management within your normal business decision making process.
Implement your new enterprise risk management framework
Implement your chosen risk management process
Monitor review and update your risk management systems
Constantly work at improving your risk management framework.
Your risk management framework should clearly define how you are going to communicate your enterprise risk management policy and procedures. Key people in the enterprise risk management framework should have clearly defined roles and responsibilities to support the risk management process.
Your risk management strategy should set out the objectives that risk management activities in the organisation are seeking to achieve.
Create a risk management framework to support better enterprise wide decision making
Create a risk management framework to support better enterprise wide decision making
Recommended enterprise risk management articles and videos
Read more about governance risk and compliance GRC
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Could you be wasting your business resources? Could you achieve more with the business assets you already have? Find out how to protect and grow your business faster with less uncertainty.
Will your strategy for business success fail or fail to achieve more?
Analysing your business strengths weaknesses opportunities and threats will help you understand your business better and the marketplace within which you need to succeed. By identifying where you are now within the market will facilitate any assessment of the best strategies for future business success.
Decide how best to allocate your limited resources to get the best return of your invest of money and time
Assess which weaknesses and threats to mitigate and which to accept
Assess which strengths you need to capitalise upon
Assess which new business opportunities will bring greatest reward from the same cost of capital and management time.
Set a new strategy for business success with more confidence
Not only must you protect your business but you must explore the opportunity cost of not doing something that could bring greater rewards with the same cost.
By getting the most from your money and time you can maximise the profitability of your business.
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Is your business taking too much or too little risk? Have more confidence in your business risk management decision making process. Improve your business performance and build business resilience.
Assuming you are managing enterprise risks well can be dangerous
You might be taking too much risk unknowingly but you might also be taking too little risk and failing to make the best use of your business assets.
Risk Appetite and Risk Tolerance
How confident are you that you are managing enterprise risks cost effectively?
What are the hidden costs of your failure to manage risk properly
Missed opportunities cost
Over protection of business wasting resources and increasing your costs
Under protection leaving you exposed threatening your survival or prosperity and stopping you getting a quiet night’s sleep
Can you demonstrate to your business stakeholders that significant enterprise-wide risks are being effectively managed? Have you a balanced risk -reward risk management plan that prioritises the allocation of resources for best potential effect on business objectives? When was the last time you reviewed your enterprise risk management plan?
Controlling the risks in the workplace is not just about safety and business insurance. Your business must control enterprise wide risks. What is the aggregate effect of risk on your business objectives? Do you understand the threats to objectives and the opportunities you have in front of you?
Find out how enterprise risk management can help you monitor your overall business’s performance
Identify and manage both external risk drivers and internal risk drivers impacting on your business success.
Improve your risk knowledge to solve business problems today and in future
Do you have confidence your business is ready for emerging risks?
We are only at the beginning of the 4th Industrial Revolution. Many jobs are going to disappear. Many jobs are going to change. Businesses that don’t change to reflect emerging risks will not survive the rapid changes that have started but will accelerate over next few years.
Prepare Your Business For The Fourth Industrial Revolution
Maximising business opportunities for growth
There is a yin and yang to all threats and opportunities.
Every threat comes with an opportunity to change for the better.
Every opportunity comes with a threat that the new will destroy existing value.
Business decision makers have tougher choices now than many recent business leaders have faced and many choices may threaten survival if you choose badly. Making good choices could also drive your business forward much faster than recently possible due to the financial crisis of 2008 and recovery therefrom.
Have you identified and assessed your enterprise wide risks?
What have you done about the more significant risks to your business objectives? Managing risk is increasingly central to the art of business management. It is not a science. What is right for one business may not work for another in the same industry. Much will depend on the leaders of each business within the same industry.
Enterprise Wide Risk Assessment For Faster Business Growth With Best Use Of Business Assets
Give your managers more confidence in your company to prperly assessing all the signiciant business risks to your organisation.
There is a risk to every business decision you make. Systematically look at all the risks across your business to enable you to focus your limited resources on the options most likely to boost your business performance, productivity and profitability.
Armed with the right risk management tools and techniques, risk knowledge and business intelligence you can manage risk more cost effectively more successsfully.
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How do you develop and improve your enterprise risk management model
How mature is your enterprise risk management system? Could improving your enterprise risk management framework and risk assessment process improve your enterprise performance?
Your enterprise risk management framework is critical to embed cost effective enterprise risk management principles practices and procedures to protect your business better and grow it faster. Apply an improved ERM framework to aid improved strategic operational and project risk outcomes to support improved business performance and sustainability with less uncertainty.
Build a more holistic integrated risk based decision making process
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Achieve more with existing business assets.
Could you boost your enterprise risk management ERM capabilities?
Business leaders face new challenges to their business survival and prosperity on a daily basis. Our service will help you to build your enterprise risk management ERM capabilities for free.
Grow your risk knowledge and risk intelligence enterprise wide with the help of BusinessRiskTV. We can help you complete a business health check of your ERM capability and provide tips help and support you to grow your understanding of ERM in a practical way that brings improved productivity and business performance.
Preserve and grow the value of your business with help of BusinessRiskTV. Enhance your enterprise wide risk awareness to improve your business decision making process.
Dynamically respond to internal and external risks for better risk management outcomes for benefit of all stakeholders in the business.
We will help you to put the enterprise risk management ERM theory into practice to help you achieve strategic operational and project objectives with more certainty.
Our ERM capabilities oversight will enable your business to adopt a more practical more cost effective approach to risk mitigation, and seizing more new business opoortunities.
Take the ERM capabilities business healthcheck to find out your enterprise risk management framework maturity level. When you have benchmarked where your business is now you can work on enhancing your enterprise risk management ERM capabilities.
Changing your decision making process will help managers and business owners achieve performance and profitability targets with more certainty. Improve your risk management capabilities with help of BusinessRiskTV.
Are you looking for practical advice on how to develop and embed your enterprise risk management ERM capabilities?
Most businesses have room to continuously improve their ERM capabilities for the purpose of improving overall business performance and enterprise wide risk management with more certainty.
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Taking risks is critical for heightened business success. Too much or too little risk taking exposes an enterprise unnecessarily or restricts business performance unwittingly. Missed opportunities can be as expensive as massive business losses.
New Business Strategies Are Increasingly Important To Be More Successful For Longer
Strategic foresight consultants can help business leaders and entrepreneurs to make a success of their business regardless of the business environment. They inform the decision making process to reduce uncertainty and improve productivity.
Business Threats and Opportunities Live
Understand the threats and opportunities in front of you. Make decisions now to protect your business better and grow it faster. Identify evaluate and manage risks to exploit the creative insight of your existing employees to become more productive and more successful.
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BusinessRiskTV works with partners and clients to maximise the opportunities and minimise the threats to business objectives.
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Answering your workplace and business protection and growth questions
SME entrepreneurs and business leaders face many barriers to business resilience and sustainable business growth. Our business management experts help you overcome barriers to business success.
Find out for free how to protect your business better and grow it faster.
From SME finance to making SME borrowers more attractive to financers including banks.
Ask questions about your energy bills and tariffs and how to switch to a better deal.
Develop a new strategy for faster sustainable business growth in the UK and overseas.
Small and medium sized business owners and managers can find out business solutions to their problems for free on BusinessRiskTV SME Business Question Time workshops.
Get expert advice tips and support for your business in UK. Pick the brains of other business leaders to garner the secrets to their successful SME business project. We put the questions you really need answers for to business management experts so you can overcome barriers to your success more quickly without reinventing the wheel.
No one person can answer all your questions relating to your business problems so we ask along specific industry or country risk experts to help your business address real-life issues restricting your success.
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New Automotive Industry Entrants and Cross Sector Collaboration Will Bring New Threats and Opportunities
26th June 2020 Amazon Robot Delivery plus Amazon Autonomous Self Driving Vehicles To Buy In Showroom?
Amazon is one of the most successful businesses at developing innovative business growth strategy. Last year Amazon invested half a billion dollars in self driving car startup Aurora Innovation Inc. This year it looks like Amazon is continuing its investment in the car sector.
Amazon has bought robotics and autonomous vehicle company Zoox. Are they just beefing up their knowledge and business intelligence for robotic self delivery or would you buy an Amazon self driving autonomous car from a showroom instead of a Tesla. Amazons purchase of Zoox is in the region of 3 billion dollars.
31st October 2019 PSA Group the owner of Peugeot and Fiat Chrysler Agree 50 Billion Dollar Merger
The merger will create the fourth largest automotive manufacturer in the world. The merger is needed strategically due to the significant investment required by both firms to keep up with the competition. Both firms need to invest heavily in electric cars and driverless technology to be ready now never mind the future sustainability.
28th August 2019 Toyota and Suzuki Collaborating On Self Driving Car Technology
Toyota and Suzuki announce they are working together on self driving car technology.
Toyota will take a 4.9 percent share of Suzuki Motor Corp and Suzuki will invest in Toyota
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22nd August 2019 Audi Daimler Ford and BMW Developing Alliance To Build Advanced Driving Assistance and Autonomous Systems According German Wirtschaftswoche Article.
The automotive manufacturers are collaborating on autonomous driving and parking systems.
The 4th industrial revolution is about to turn the automotive industry upside down rip up traditional business models and will come out the other side better and stronger but very different.
Many new features in cars and other vehicles that took a decade to normalise across the industry will need to be incorporated in a few short years. The automotive industry as always evolved but a revolution is under way.
Those who don’t keep up will be squashed to death!
Those that get on the bus will see a very different road ahead.
Those that resist change will cease to exist, and those that embrace change may or may not benefit from the changes
The pace of change within components that do or could go into vehicles is fast but the pace in which the automotive industry is changing is breath-taking, and its accelerating!
The world’s auto industry will have more customers demands to meet, but what are they going to deliver and when? Automated vehicles powered by renewable energy is nothing new. How quickly can society keep up with what is possible on the roads? Will automotive industry take to the skies! Will we get into autonomous vehicles AV and literally fly to work whilst playing computer games! Will the automobile get swallowed up whole by Google Apple and Sony?
The greatest challenge for the car industry is very similar to the greatest challenge for all gadgets gizmos plant machinery and equipment particularly those presently powered by carbon based power sources. Its battery technology that needs to change.
Tesla is leading the way not in cars but in batteries. Tesla batteries are being used to store power from the National Grid in the UK and then being fed back into the UK national electricity network when needed.
Decarbonisation is one factor driving the need to boost battery power for longer on remote items of plant and equipment like cars. However battery technology is key for all parts of global society for different reasons. In less well developed economies battery technology improvement will create new markets domestically and international trade development. In well developed economies like UK battery technology improvements will totally change what we manufacture and how we manufacture it.
Dyson cars will lock horns with Tesla cars but both will invest more in batteries than car design.
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3rd October 2018 GM and Honda New Project
General Motors and Honda have announced a partnership to develop and build an autonomous multi use vehicle together.
13th June 2018 VW Fined 1 Billion Euros By German Prosecutors
Volkswagen has been fined by German prosecutors for diesel emissions scandal. VW has already been fined by other countries for cheating the tests for diesel emissions. VW has agreed to pay more than 4 billion dollars to resolve criminal and civil penalties for installing illegal software in diesel engines to cheat USA anti pollution tests.
15th March 2018 Auto Parts Maker New Strategic Direction
Automotive parts supplier Magna International Inc will invest $200 million in ride-hailing firm Lyft. Their new partnership will develop and manufacture self driving cars.
20th February 2018 Ford Aims To Set Up German Bank To Offset Any Brexit Risk
Ford Credit Europe will remain headquartered in Britain and the new bank plans will not result in job losses or significant changes to where employees are based.
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How can business leaders inform knowledge about global risk events that could impact on business decision-making?
Register for business risk management reports and risk management newsletter. Want to understand how risk could impact on your business? Get the latest business risk management reports and risk analysis reviews from BusinessRiskTV.
Understanding global risks is important for all business leaders. Identifying and assessing the global risks is not a once a year task.
Existing risks will morph into bigger risks to your business
Small smaller risks will combine to create an aggregate risk that could even threaten the survival of your business.
Emerging risks not obvious at the time of the report, could subside and just be accepted or they could gather momentum and threaten business objectives.
In addition the risks that could threaten some businesses could present an opportunity for your business to grow faster but if you miss the start of the opportunity you could miss the boat entirely or fail to maximise the potential rewards from the opportunity.
Unlike other less dynamic reporting systems companies or entitys BusinessRiskTV will provide you with regular risk reports to help you manage enterprise risks more proactively to mitigate threats to your business better and seize new business development opportunities earlier.
In short, BusinessRiskTV is less about looking back and offering expert risk reports with hindsight and more about looking forward with more dynamic forecasts backed up with practical risk management solutions for both the upside and downside aspects to global risks as it affects your business wherever you are in the world.
Filtering the global risks noise for your business
BusinessRiskTT will reduce the effort required to identify what your business needs to do next after assessing the magnitude of the risk to your country or industry in easy to understand language.
How to grow a company successfully with BusinessRiskTV.com
Could you manage your business risks better? Do you know what the key threats to your business are and how to manage risks better? Maybe more cost effectively? Could you grow your business faster? Inform you decision making with BusinessRiskTV business risk management articles videos and online broadcasts.
Evaluate If Your Business Is Ready
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Common business risks facing your business could be managed better. Learn new ways to manage risk more productively with more certainty.
Running a business can be very satisfying but it can also be dangerous for the health of your finances! Potential risks will present ways to threaten business survival or reduce profitability. Other risks may present opportunities to grow faster. Both types of risk need to be managed to maximise your success both personally and corporately.
The business environment sets the scene for successful businesses it does not dictate your success or failure
Anyone can cross their fingers and hope for success but clever business leaders don’t leave their success to luck!
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Not everything is going to go well no matter how hard you plan things. Life often gets in the way of the best business plans! In the real world you have to take calculated risks to achieve more than the next business leader who is risk averse.
How do you get the enterprise risk balance right though?
There are many ways to get the right enterprise risk management ERM balance right. First of all you need to know where you are now and how much of an appetite for risk your key decision makers have.
Once risk appetite and risk tolerance are clear then the culture of risk management can be tailored to strike the right risk management balance for your organisation.
How to identify manage and control the effect of risk on your business objectives
Some risk has to be accepted. How much? What is not acceptable has to be managed. How will risk is managed will dictate how sustainable your business will be in future as well as how successful it will be.
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Take The Courage To Embrace Potential Failure Of Business
You Control the Solutions to Your Business Problems: Exploring Creative Thinking and Problem Solving in Business
In the dynamic landscape of business, problems are inevitable. From operational inefficiencies to market challenges, businesses face a myriad of obstacles that require strategic thinking and effective problem-solving skills. The ability to identify, analyse, and resolve these issues is crucial for organisational success and growth. This article explores the significance of problem solving in the business realm, delving into the BusinessRiskTV model as a powerful tool for addressing challenges. Furthermore, it highlights the role of creative thinking in problem solving and provides three practical ways businesses can leverage creativity to overcome obstacles.
Understanding the Solution to Business Problems Before diving into the solutions, it is essential to grasp the concept of business problems and their significance. Business problems can range from operational bottlenecks to strategic dilemmas, and their resolution plays a vital role in maintaining competitive advantage and ensuring sustainability. By identifying the root causes of problems and employing appropriate problem-solving techniques, businesses can create innovative solutions that drive progress and success.
The BusinessRiskTV Model of Problem Solving The BusinessRiskTV model offers a structured approach to problem solving, enabling businesses to navigate challenges effectively. This model involves six key steps: problem identification, analysis, solution generation, evaluation, implementation, and review. By following these steps, organisations can systematically address problems, ensuring comprehensive and sustainable solutions. The model encourages a proactive mindset, emphasising the importance of continuous improvement and learning from past experiences.
The Importance of Solving Business Problems Solving business problems holds numerous benefits for organisations. Firstly, it helps optimise operational efficiency by identifying and eliminating inefficiencies, reducing costs, and improving productivity. Secondly, problem solving enables businesses to adapt to changing market conditions, seize opportunities, and stay ahead of the competition. Furthermore, effective problem-solving fosters a culture of innovation, empowering employees to think critically and contribute to the organisation’s growth.
Leveraging Creative Thinking in Problem Solving Creative thinking plays a crucial role in solving complex business problems. By encouraging fresh perspectives, challenging assumptions, and exploring unconventional solutions, businesses can unlock new possibilities and generate innovative ideas. This section explores three key ways in which organisations can utilise creative thinking:
a. Divergent Thinking: Encouraging brainstorming sessions and open discussions enables teams to generate a wide range of ideas. By embracing diversity and inclusivity, businesses can tap into the collective wisdom of their workforce and uncover unique solutions.
b. Design Thinking: This human-centered approach emphasises empathy, understanding, and collaboration. By immersing themselves in the customer’s perspective, businesses can develop innovative solutions that cater to their needs, preferences, and pain points.
c. Reverse Thinking: This approach involves challenging the status quo and flipping the problem on its head. By questioning assumptions and exploring alternative perspectives, businesses can discover fresh insights and uncover unconventional solutions.
Solving business problems is an imperative aspect of organisational success. By embracing the BusinessRiskTV model and incorporating creative thinking, businesses can take control of their challenges and pave the way for innovation and growth. The ability to identify problems, analyse their root causes, and generate effective solutions enables organisations to adapt to dynamic market conditions and gain a competitive edge. Moreover, by fostering a culture of creative thinking, businesses can unlock new perspectives and ideas, fueling continuous improvement and long-term success. Ultimately, the power to control the solutions to business problems lies within the organisation itself, and by leveraging their resources, knowledge, and creativity, businesses can overcome obstacles and thrive in an ever-evolving business landscape.
Know with more certainty what your business could achieve if it makes some changes.
Use risk management experts to help you make right choices
Once you know what your biggest business problems are you can identify how to best use limited business resources to reap the quickest gains to achieve greater business success more quickly.
Too often people in business at all levels of the organisation are working extremely hard. This can be a problem because they can burn out whilst solving problems that do not matter to the achievement of key business objectives. Solutions include employing more staff to work on the same minor business problems then business leaders wonder why they are spending more without any increase in business productivity and no business performance improvement.
Improving business performance requires better use of existing key business assets for a better return in your investment of time and money.
Develop the quality and capacity of your workforce to achieve more for themselves and the business
Training employees to help themselves will help your business achieve its objectives by overcoming the biggest business problems more easily with existing resources.
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If you can answer this question immediately and with near absolute certainty then you should be performing pretty efficiently already. If not why haven’t you taken steps to remove barriers to your greater business and personal success?
Develop a new business management strategy with a new decision making process designed to help you identify evaluate and manage your biggest business problems more cost-effectively. If you can’t tell us what your biggest problems are in a very short summary of the key information then you haven’t truly identified your biggest critical business problems impacting on your business objectives.
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You could develop a new business strategy for success that is less complicated, cheaper to implement and brings greatest rewards if you change your thinking about business management.
This could be a pivotal moment for your business
You either know exactly what you need to do today to change your business trajectory or you may need a little outside help. BusinessRiskTV can provide that help. If you do not need help we wish you well for the future. If you do need help get in touch below and tell us what you need help with.
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BusinessRiskTV Pragmatic Practical Business Solutions For Your Biggest Business Problems
The risk management team or department should facilitate improved enterprise decision making to boost business performance. Risk management principles practice and process should increase the efficiency and effectiveness of the business. The business leaders will be able to take more risk consciously as opposed to unconscious acceptance of higher risk levels.
What is the right level of risk will depend on the risk appetite and risk tolerance of the business leaders. There maybe nothing wrong with a high corporate risk exposure to achieve business goals and objectives as long as you know how exposed the business is and put in suitable risk control measures.
iso 31000 Risk Management Principles and Guidelines
Adopting the principles practices and processes of iso 31000 will increase the likelihood of a business strategy being a success. It will also reduce the level of uncertainty that can accompany more challenging business objectives.
ISO 31000 Risk Management
Enterprise risk management is not a once in a business lifecycle activity. It is a continuous activity that supports business development and implementation of a more risk aware business strategy.
Enterprise Risk Management Framework
Use an enterprise risk management ERM framework to help you develop an effective business management strategy that protects your business assets and helps you grow faster.
A robust enterprise risk management framework will help embed a more risk aware culture up and down the organisation.
An effective risk management system will require a clear role for the risk management function in the business. The risk management function in the business can only develop added value for the organisation if it is fully supported in the boardroom. With the board behind the risk management function, all levels of the organisation will develop enhanced risk management capability enhanced by the risk manager or risk management team.
The risk management function will support corporate governance and risk oversight but cannot control corporate risks on its own.
Risk Management Function Supports Risk Identification Risk Assessment and Risk Control
However the risk management function does not control corporate risks on its own.
The risk management function is integral to the risk management process but it isn’t the sole component of the risk management process.
The risk management function educates informs and trains all levels of the organisation to assess prioritise and control corporate risks. It enables business leaders to manage enterprise risk better.
The risk management function helps to develop and embed risk control techniques to reduce the likelihood of losses and the size of losses. It should also identify, assess and help seize business development opportunities.
Do you want help developing your enterprise risk management function?
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Developing A Positive Health and Safety Culture
BusinessRiskTV on promoting a more positive safety management culture in the UK. Good safety management practices can improve business performance. Understanding how to manage safety risks better will help business leaders understand how their business is working in areas that are not safety related.
Benefits Of A Positive Health and Safety Culture
Successful businesses have positive risk management cultures including positive safety management systems procedures and processes. Good businesses tend to have good safety management systems.
Promoting good health and safety culture is about changing attitudes at all levels of the organisation from the top down. Changing behaviour begins with changing attitudes to risk and everyone has to take responsibility for safer working environment.
Just as managers and co workers can facilitate or encourage poor safety practices, managers and co workers can promote better safety management practices.
Our guide to the features and benefits of a positive safety management culture :
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Access risk management solutions for your business or enterprise. Improve your inadequate failing or poorly performing business processes people or systems. Protect your business better from external and internal risk factors.
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Identify evaluate and mitigate all commercial risks
Develop your risk management insight and enterprise risk management knowledge. Support your existing business intelligence development processes with the help of BusinessRiskTV
Entrepreneurship tips advice and support on BusinessRiskTV. Entrepreneur business articles. Entrepreneurs sharing best practices to help other entrepreneurs. Find best entrepreneur and business forums for your business ideas and problems.
Take control of your future for more successful outcomes. Identify assess and manage future risks today. Make the future you want for your business by being better informed via our horizon scanning services.
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Identify a suitable business mentor to make progress faster and reduce uncertainty. Ask top business leaders to share their advice for entrepreneurs. Use our business coaching webinars to find out more about best working practices.
Great Marketing Solutions for Every Business Owner with BusinessRiskTV
BusinessRiskTV Marketing Solutions
As a business owner, it’s essential to find the right marketing solutions that can help you attract new customers, increase your brand awareness, and ultimately grow your business. However, with so many marketing channels and strategies available, it can be challenging to know where to start and what to focus on.
Fortunately, BusinessRiskTV is a platform that offers great marketing solutions for every business owner, regardless of their size or industry. In this article, we’ll explore some of the best marketing solutions offered by BusinessRiskTV and how they can benefit your business.
BusinessRiskTV Directory Listing One of the simplest yet effective marketing solutions offered by BusinessRiskTV is their directory listing service. By listing your business on their directory, you can increase your online visibility and make it easier for potential customers to find you.
BusinessRiskTV’s directory is organised by industry and location, making it easy for users to find businesses that match their needs. By listing your business on their directory, you’ll also benefit from increased exposure to BusinessRiskTV’s user base, which includes business owners, entrepreneurs, and investors.
BusinessRiskTV Video Marketing Video marketing is becoming an increasingly popular way for businesses to reach new customers and engage with their existing ones. BusinessRiskTV offers a range of video marketing solutions, including:
Video production: BusinessRiskTV can help you create high-quality videos that showcase your products or services, share your brand story, or provide educational content that helps your customers.
Video hosting: Once your videos are produced, BusinessRiskTV can host them on their platform, making it easy for you to share them on social media or embed them on your website.
Video promotion: BusinessRiskTV can also help promote your videos to their user base, increasing your exposure and engagement.
BusinessRiskTV Social Media Marketing Social media is a powerful tool for businesses to connect with their customers and build brand awareness. BusinessRiskTV offers a range of social media marketing solutions, including:
Social media management: BusinessRiskTV can help you manage your social media presence by creating and scheduling posts, monitoring your accounts for engagement, and providing analytics to track your progress.
Social media advertising: BusinessRiskTV can help you create and run social media ads that target your ideal audience and drive traffic to your website or landing pages.
Influencer marketing: BusinessRiskTV can connect you with social media influencers who can help promote your products or services to their followers.
BusinessRiskTV Content Marketing Content marketing involves creating and sharing valuable content that attracts and engages your target audience. BusinessRiskTV offers a range of content marketing solutions, including:
Blogging: BusinessRiskTV can help you create and publish blog posts that share your industry insights, highlight your products or services, or provide educational content for your customers.
Email marketing: BusinessRiskTV can help you create and send email newsletters that keep your customers informed about your business and provide them with exclusive offers or promotions.
Whitepapers and eBooks: BusinessRiskTV can help you create longer-form content such as whitepapers and eBooks that provide in-depth information about your industry or products/services.
BusinessRiskTV SEO Search engine optimisation (SEO) is the practice of optimising your website and online content to rank higher in search engine results pages (SERPs). BusinessRiskTV offers a range of SEO solutions, including:
On-page SEO: BusinessRiskTV can help you optimise your website’s structure, content, and metadata to make it more search engine-friendly.
Off-page SEO: BusinessRiskTV can help you build high-quality backlinks to your website, which can improve your search engine rankings.
Local SEO: BusinessRiskTV can help you optimise your website and online listings to rank higher in local search results, making it easier for local customers to find and connect with your business.
BusinessRiskTV Event Marketing Hosting events is a great way for businesses to connect with their customers and build brand awareness. BusinessRiskTV offers a range of event marketing solutions, including:
Event planning: BusinessRiskTV can help you plan and organize events that showcase your products or services, provide educational content for your customers, or build relationships with industry leaders.
Event promotion: BusinessRiskTV can help promote your events to their user base, as well as create and distribute promotional materials such as flyers and social media posts.
Event management: BusinessRiskTV can help you manage your events, from registration and ticketing to on-site management and post-event follow-up.
BusinessRiskTV Branding and Design Branding and design are crucial components of any marketing strategy. BusinessRiskTV offers a range of branding and design solutions, including:
Logo design: BusinessRiskTV can help you create a logo that reflects your brand identity and resonates with your target audience.
Brand identity: BusinessRiskTV can help you develop a cohesive brand identity that includes your logo, colour scheme, typography, and other visual elements.
Graphic design: BusinessRiskTV can help you create eye-catching graphics for your website, social media, and marketing materials.
BusinessRiskTV offers a wide range of marketing solutions that can benefit businesses of all sizes and industries. From directory listings to video marketing, social media management, content marketing, SEO, event marketing, and branding and design, there’s something for every business owner looking to increase their online visibility, attract new customers, and grow their business.
By partnering with BusinessRiskTV, you can access these marketing solutions and benefit from their expertise in the field. They have a deep understanding of the latest marketing trends and strategies, as well as a user base that spans industries and regions.
If you’re looking for great marketing solutions for your business, consider partnering with BusinessRiskTV to take your marketing efforts to the next level.
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Mindfulness For Business Leaders
Leaders in business may benefit from learning more about mindfulness
Your not working alone!
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Lloyds plc CEO is recently reported in Financial Times to have advocated the use of mindfulness for himself and his executives.
The pressure of life can kill you if you do not change the way you think. CLICK HERE to find out more or email editor@businessrisktv.com
The Job Can Kill You
Antonion Horta-Osorio was interviewed by Financial Times and he said the stress of the job nearly broke him within months of becoming the chief executive of Lloyds bank at perhaps one of the banks most risky times. The bank had narrowly avoided total collapse and nearly half of it was taken into public ownership by the UK government.
The CEO had to seek psychological support and advice to prevent a possible nervous breakdown. He realised he was not Superman and sought the guidance of a psychiatrist. Prior to his near breakdown he hadn’t looked after his mental health enough. He was speaking out to raise awareness of mental health problems at work.
From the CEO’s own experience he is now introducing a programme for his senior leadership team of 200 executives to make them aware of the measures the CEO learnt including mindfulness and psychological testing. From these executives, it is hoped that the culture within Lloyds will change to prevent people further down the organisation quitting especially at a time where there is a skills shortage.
Not only could this improve the lives of all Lloyds staff, it could boost individual performance retain staff and boost corporate performance.
Mindfulness Business Training For Executives
There is a business value for mindfulness. Practising mindfulness can help prepare you to become a more effective business leader for your own benefit and for the benefit of the enterprise.
Become more personally resilient so the business is more resilient
Reduce your own stress and the potential stress on the business should you not work productively, or at all
Increase your emotional involvement in life and the life of your business
Work with mindfulness techniques and tools to improve teamwork and business results from more coordinated risk management practices. Develop your own mindfulness knowledge and increase the corporate mindfulness for a more resilient enterprise. You might even become a better leader with mindfulness training and development.
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Improving Small Business Performance and Sustainability
Developing skills for business leadership. Small business leadership development. Sharpen the saw! Small business leadership training with BusinessRiskTV. Developing your skills will prove helpful in a rapidly changing business environment.
Helping small business leaders to grow faster with less uncertainty. Learn how to grow your small business. Find out how to promote your business more profitably. Develop skills to take your business to the next level.
Enter code #SMEBusinessLeadership. CLICK HERE to find out more.
Entrepreneurs Learning Leadership Skills From Their Phone PC or Mobile Device
Do you feel your management skills are maximising the return on your investment of time and money? No? Maybe you need a little help for free to brush-up the way you are doing things to boost your business performance and increase your business sustainability?
Take your business forward with the help of your most valuable assets – your employees by squeezing every last penny out of them without alienating them!
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You may have already built a successful business. Or you want to start your own new business. Kicking on is not easy. Would you welcome some free help to make better business decisions?
Business leaders should never stop learning how to work better with their employees to find a way to achieve business and personals goals.
Small business owners and managers could improve the leadership and management skills with BusinessRiskTV. You may well be brilliant at what you do, but how can you inspire and encourage those who work for you to be brilliant too?
Get help to motivate your employees to be more creative and more risk aware. Let them see how this will benefit them personally as well as the business. Your business success may will depend on how inclusive your business culture is.
Learn how to work better with key business assets to improve return on your investment of time and energy. Build a better team by improving your leadership capability.
BusinessRiskTV hosts leadership skills development events online for free to help entrepreneurs improve what they know and implement knowledge more practically.
What Business Leaders Need to Know Today: Keys to Effective Leadership and Essential Skills
In today’s rapidly evolving business landscape, successful leaders must possess a unique set of skills and knowledge to navigate the complexities and challenges they face. This article explores the essential skills that business leaders need to cultivate and the keys to being an effective leader in the current business environment. Additionally, we will highlight the valuable resources available on BusinessRiskTV.com to assist business leaders in their quest for excellence.
I. Adaptability and Agility: One of the primary skills business leaders need today is adaptability. The ability to respond to change quickly and effectively is crucial in a dynamic market. Leaders should be open to new ideas, embrace innovation, and encourage their teams to think creatively. BusinessRiskTV.com offers insightful articles and resources on change management, strategic planning, and organisational agility, providing leaders with valuable insights into adapting their businesses to thrive in an ever-changing environment.
II. Emotional Intelligence and Relationship Building: Emotional intelligence (EI) is another vital skill for leaders in today’s business world. Leaders must have the ability to understand and manage their own emotions while also empathising with their employees, clients, and stakeholders. Building strong relationships and fostering a positive work culture is essential for long-term success. BusinessRiskTV.com offers resources on leadership development, communication strategies, and employee engagement, empowering leaders to enhance their emotional intelligence and create meaningful connections within their organisations.
III. Strategic Thinking and Decision-Making: Business leaders must possess excellent strategic thinking and decision-making skills. They need to have a clear vision for their organisation and be able to develop and execute effective strategies to achieve their goals. Moreover, leaders must make informed decisions based on data and market insights. BusinessRiskTV.com provides valuable resources on strategic planning, risk management, and market analysis, equipping leaders with the knowledge and tools needed to make strategic decisions with confidence.
IV. Resilience and Risk Management: In today’s uncertain business landscape, leaders must be resilient and adept at managing risks. They should anticipate potential challenges, develop contingency plans, and lead their teams through difficult times. BusinessRiskTV.com offers a wealth of resources on risk management, crisis leadership, and resilience strategies, enabling leaders to proactively identify and mitigate risks, ensuring the continuity and long-term success of their organisations.
V. Continuous Learning and Innovation: Successful business leaders recognise the importance of continuous learning and innovation. They actively seek opportunities to expand their knowledge and skills, staying updated on industry trends, emerging technologies, and best practices. BusinessRiskTV.com provides a platform for leaders to access industry-specific insights, thought leadership articles, and expert opinions, fostering a culture of continuous learning and innovation within their organisations.
VI. Effective Communication and Team Management: Leadership is about effectively communicating goals, expectations, and feedback to team members. Business leaders must be skilled communicators who can inspire and motivate their teams, fostering collaboration and achieving optimal performance. BusinessRiskTV.com offers resources on effective communication techniques, team management strategies, and leadership development programs, equipping leaders with the necessary skills to lead and manage diverse teams successfully.
VII. Ethical Leadership and Corporate Social Responsibility: In today’s business environment, ethical leadership and corporate social responsibility (CSR) are crucial for building trust and maintaining a positive reputation. Business leaders should prioritise ethical decision-making, accountability, and sustainability. BusinessRiskTV.com provides resources on ethical leadership, CSR strategies, and sustainable business practices, guiding leaders in creating a purpose-driven organisation that contributes positively to society and the environment.
McKinsey found recently that a third of buyers would spend up to half a million dollars without speaking to anyone. People just want to know they will be served. It’s not just about relationships. They ask “Where do I access information I need without being in 4 hour zoom call”. Buy risk management support differently. Be served online today 24/7. Achieve what you need for your business more cost effectively more easily with better risk management information and support.
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Business leaders of today face unique challenges and opportunities in a rapidly evolving business landscape. By cultivating essential skills such as adaptability, emotional intelligence, strategic thinking, and resilience, leaders can navigate these challenges successfully. The keys to effective leadership lie in continuous learning, effective communication, and ethical decision-making. BusinessRiskTV.com serves as a valuable resource hub, offering insights and tools that empower leaders to enhance their skills, make informed decisions, and drive their organisations towards long-term success in a rapidly changing world.
The majority act like sheep when the proverbial hits the fan
Conformity Of Global Financial Leaders Led To 2008 Financial Crisis
Global financial leaders made faulty decisions because as a group they lost touch with reality and had an inherent poor moral compass. That has not changed. GroupThink will cause or make worse the next global disaster.
Global Leaders Poor Moral Compass Will Lead To Next Financial Crisis
The financial services industry is like a cartel. It deliberately publishes false economic risk analysis and critically evaluates global risks to benefit the financial services preferred strategic direction. Such groupthink is creating business decision making that will lead to financial failure yet again.
The City is thinking as one to protect The City not to develop a sustainable UK economy. It is fighting to protect itself in the short to medium term. If it succeeds it will miss the opportunities for more rapid business growth and the UK will miss out too.
The financial services industry is a highly cohesive and organised sector of the economy which is massively supported by the media and politicians.
Enlightened Holistic Risk Management Framework and Risk Assessment Process
The saviour of capitalism is the full adoption of enterprise risk management ERM principles and practices.
Enlightened Holistic Risk Management Framework and Risk Assessment Process
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Do you want to have your say on current or future business or society risks? Email editor@businessrisktv.com.
BusinessRiskTV offers business leaders the opportunity to ask questions that are answered directly by risk experts around the world
Join our business risk experts to help your business grow faster with less uncertainty. We welcome questions from business leaders or risk professionals. Ask our our business experts about business threats and opportunities to improve your business performance.
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UK Business Leaders Finding Innovative Ways To Be More Successful
Business innovation is the most important way to beat other companies to find new income streams and develop profitability in the UK.
Subscribe to BusinessRiskTV.com to drive your business creativity and innovation enter code #InnovationLeader
UK Business Leaders must seize the opportunities which will flow from Brexit if they are to survive and prosper. Even incremental gains in existing business practices can help secure a more resilient future.
Business innovation doesn’t grow on trees! It needs a framework and a creative business culture to provide a real insight into how a business can change to take the opportunities it has in front of it.
If not how are you going to identify it? If you do how are you going to capitalise on it?
Develop your business processes to ensure that innovative initiatives reach into your business strategies to ensure more success in future that is more sustainable.
How much does it cost not having a fire sprinkler system installed? After the Grenfell fire disaster in London maybe the cost of risk can be revisited without automatically being the first thing on cost cutting list?
Perhaps the pendulum has swung back in safety management’s favour. Perhaps more people will think less about the cost of fire protection and think more about the cost of not having fire protections in place.
— Accommodation Man (@AccommodationSt) June 4, 2018
The Grenfell fire disaster is not the first incident that has caused business leaders regulators and the UK government to think again about rebalancing the risks in society and business. Unfortunately, despite having excellent risk management methodology the UK consistently fails to implement suitable and appropriate protections until after a major loss of life either in one major incident or a series of risk exposures culminating in loss of life
Fire Risk Assessment Cost Comparisons enter code #FireRiskAssessment
Key decision makers normally take liberties when given the option to. They normally think that the major loss will not happen on their watch, and so it is worth taking more risk without balancing the extra risk with extra precautions.
Fire sprinkler systems could be cheaper than first thought
The truth is that major loss of life or property presents opportunities for businesses to sell more. After a major flood clean up service companies sell more. After a major accident the legal people ell more services. After the Grenfell fire sprinkler system manufacturers and installers will almost certainly sell more sprinkler systems.
Where once the cost of fire sprinkler systems was one of the first parts of a new build to be cut in the pursuit of profit they will get a chance to stay in the design. After Grenfell fire disaster public and private sector organisations will have to think twice before cutting the cost of fire sprinkler systems from their budget. Now they will think more about the cost of not having fire sprinkler systems in new building design.
Sadly, the change of fortune for fire sprinkler system companys has come too late for some but in future many lives will be saved because of the re-evaluation of the true worth for fire sprinkler systems.
Its about connecting business leaders to local suppliers more easily
Local Suppliers Near Me Service
Local Suppliers Near Me
The benefits of local sourcing of business products and services are many and varied from environmental benefits to real cost savings to security of supply lines to flexibility of delivery.
In the UK it is more expensive to import goods and services from overseas due to around a 10 to 20 percent fall in the value of the pound against a basket of foreign currencies in the last 12 months. Where there may have been a substantial price difference between imports and domestic suppliers, this has mostly gone as can be witnessed by the fact that the UK is exporting more now that at any time since 1995.
BusinessRiskTV is championing local UK suppliers
We’re helping to connect UK companies with nearby local suppliers when business leaders source new products and services.
Stand out more from the crowd! Support UK businesses. Help promote local business growth by supporting your local business. Get real added benefit from new local suppliers and support them to help your own business needs. Help new local suppliers to grow with you for a long-term business relationship. Develop a more sustainable business model.
Sourcing products from around the world can lead to more cost and more business interruptions and less flexibility in meeting your customer needs.
Develop shorter local supply chains to build your business with more certainty. In a new Brexit world developing more local suppliers will guard against the negative impact of currency fluctuations.
Undertake thorough due diligence to ensure your new local suppliers are not going to increase the risks to your customers. Trust BusinessRiskTV to help you buy local next time.
Learn how to become one of our Local Suppliers by subscribing FREE to BusinessRiskTV
Learn how to become one of our Local Suppliers by subscribing FREE to BusinessRiskTV
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Nearby Risk Management News Analysis ReviewsReducing the risk of supply chain disruptions with BusinessRiskTV.com
Dealing with reckless management of UK pension schemes
How do you manage financial services industry better to avoid another financial crisis? What is fair and reasonable in the delivery of financial services? What must Treating Customers Fairly TCF really look like?
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Financial Services Industry Risk Management
Management of risk in financial services industry.
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Scores of bankers have been jailed for their part in the financial crisis but the rest of the world should hang its head in shame for its lack of demonstration of accountability for actions and inaction in face of corporate risk
Financial services industry leaders not just bankers were highly culpable for the financial crisis upon which people committed suicide and a lost their shirts. Financial leaders should lose their liberty.
The next financial crisis is just around the corner. We have seen many incidents since the financial crisis that haven’t quite been systemic risk events but they have cost financial services companys billions in fines for poor and deliberate malpractice. Financial services leaders haven’t learnt their lesson. They are just paying lip-service to good corporate governance. Only the real threat of the jail will stop the next financial crisis happening.
Not only have the culprits for the financial crisis got away with it, they have gone on to be leaders in the financial services industry or other leading businesses.
From leading bankers to leading politicians to leading regulators to leading credit rating agency leaders to leading central bankers they have all prospered despite the financial crisis and many have gone from causing the financial crisis to other positions of power without being held to account for their actions or inaction.
There has been limited tightening of global financial services regulations but the ultimate sanction of losing your liberty is still highly unlikely. It still more likely that financial services leaders will depart their employer with handsome pay-offs and pension packages rather than serving time in a USA or UK jail.
Until individual financial services industry leaders face and are convicted of criminal prosecutions business leaders will continue to lead their employers to hefty financial penalties and even liquidation. If you kill someone at work, you at least have some real chance of going to jail. If you kill a corporate entity, you will almost certainly not go to jail in UK and USA. Appearing in court to face charges is not the same as losing your liberty for 7 to 10 years.
European countries have been a little more robust at jailing the guilty but only a few can be proud of their resolve to improve corporate governance in practice.
Financial Services Industry Risk News Headlines Industry Analysis and Risk Reviews
15th October 2019 Reckless Business Leaders Who Mismanage Pension Schemes May Face Up To 7 Years In Jail Under New UK Legislation.
The Pension Schemes Bill will bring in a new sentence of up to seven years in prison for business leaders who are reckless in the management of their pension schemes.
Pick up the latest financial services news opinions reviews and jobs
20th June 2017 SFO charges former Barclays chief executive John Varley and three others Roger Jenkins Tom Kalaris and Richard Boath. After a five-year investigation into the £12bn bailout fundraising recapitalisation of Barclays bank by Qatar
Barclays strategy was to go to Qatar for money instead of UK government. The bank and the ex-bank executives will officially respond to SFO charges on 3rd July. The charges include conspiracy to commit fraud by false representation in relation to a fundraising in June 2008. The ex bank executives are facing potential jail of up to 10 years if convicted.
Other charges for some of those accused and the bank include providing unlawful financial assistance through a loan.
Barclays said it was considering its position in relation to these developments and awaiting further details of the charges.
Cyber Risk BusinessRiskTV provides training for executives
Cyber Risk Management With BusinessRiskTV
Tailored cyber risk management training for executives
Cyber risk experts will create bespoke cyber risk management training course for your executives or attend Cyber Risk BusinessRiskTV online courses.
Develop the cyber risk knowledge and risk management skills to assess the risk to your company or enterprise and decide on suitable cyber risk controls.
Develop your corporate cyber risk management capability to protect against financial loss and brand reputation damage.
Increase your awareness of the risks to your business after attending one of Cyber Risk BusinessRiskTV executive training courses.
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We work in collaboration with other business risk management experts around the world to help solve corporate risks and below is risk information to help you understand part of the solution for cyber risk management – cyber insurance.
Cyber Risk Risk Management Solutions Cyber Insurance Featured Article
Neil Gurnhill CEO Node International Explores Cyber Insurance To Protect Businesses Better
Business Activity Risk Profiling VS Scaremongering Will Increase Your Cyber Insurance uptake
The key to engaging with a potential client to discuss and provide cyber-risk insurance is to approach the discussions from their real business activities’ needs rather than any generalised knowledge they have gleaned from recent cyber-security threats or events reported in the national broadcast and newspaper media.
For example, most retail brokers engage too early in conversations about ‘hacking’, ‘denial of service’, ‘phishing’ and ‘social engineering’ and such like. As important as these topics are, it can often lead to a conclusion that the potential client has not been directly affected by these matters to date, therefore, they don’t need cover. Don’t forget the basic premise of insurance – it provides security for the future!
Our extensive experience at Node International, particularly in the USA and Europe, clearly tells us that the correct, and more successful approach is to start with an evaluation of the potential clients business activities.
For examples each of these activities has a cyber-risk profile so even though the potential client has not dealt with (say) a denial of service attack, the fact that over 80% of their business depends upon an ecommerce website highlights the substantial cyber-risk. Or they are highly dependent on a supply chain and/or contractor, of which they know little about their cyber-risk policies, again highlighting their potential cyber risk through the failures of others.
Taking this business activities profiling approach is a very logical systematic approach that engages the potential client. It is also quite simple to conduct. Start with a conversation about ‘mapping’ the high priority business activities and start introducing the question, ‘’What happens if…’’ Think of it as an ‘heat map’ of the business. When viewed overall, the client then sees the totality of cyber-risk they face. Then, the most effective cover can be assessed and priced accordingly.
It’s important not to think of early conversations as ‘selling cyber-insurance’ but providing an expert and value-added service to the clients. It is likely that they know very little about cyber-security and cyber-risk so building up the ‘heat map’ though sensible discussion helps the client. Nowadays, ‘helping the client to buy’ is far more effective than ‘selling’.
This is where Node International scores highly. As a wholesale broker and underwriter at Lloyds of London you can tap into our expertise and assistance. For example, by talking to one of our brokers before you go and see a client could help you tremendously. Even if you have never used Node International before, our brokers and underwriters are here to help you build your business.
Finally, lets step back a little. In the last two decades there has been a huge increase in businesses that are now dependent upon their technologies and digital capability. And, of course, the constant threat scenarios they face each day. From our experience, literally 99% of modern businesses (from small to large across all sectors) face at least one cyber-risk in their ‘heat map’. In effect, every business call you make is a potential satisfied client providing you approach it correctly and have a ‘value-added service’ at the forefront of your mind. As mentioned before, we can assist you with this essential skill.
Contact Neil Gurnhill CEO Node International for more help with Cyber Insurance
Email – neilg@nodeinternational.com Direct line – 02033 208983 Tel – 07823 888413 Lloyds Chambers, 1 Portsoken Street, London, E1 8BT
Business continuity regardless with BusinessRiskTV.com
Do you want to demonstrate how good your business management is? Have a disaster! No one wants a disaster but if you have one it is a great opportunity to show how good your business is managed.
Surviving an unexpected business disaster with help from BusinessRiskTV
Learn how to survive a business disaster
Business Survival
A disaster can strike any business regardless of how strong or weak it is. Will your business recover from a disaster?
Subscribe to BusinessRiskTV for FREE to find tips advice and support to protect your business and build resilience
Subscribe to BusinessRiskTV for FREE to find tips advice and support to protect your business and build resilience
BusinessRiskTV can help your business get prepared for the risks that threaten your resilience as well as the opportunities for business growth
Is your business prepared for the risks it faces in future?
Get your business ready for anything
Who or what will protect your business in future?
No one person or type of business protection will ensure your resilience and survival but you must at least be very clear how you are manage all business risks.
How well prepared your business will directly correlate with your ability to recover in the event of a major risk event. The lack of a practical plan of recovery could be the difference between business survival and business failure.
Although enterprise risks vary in scope form and size a well thought out business plan tailored to your business, will speed up your business recovery in the event of a disaster physical or reputation threatening.
Do not risk fatally damaging your business and all the investment in your key asset. The most resilient businesses have already thought through all types of risks and have a clear business sustainability plan regardless of the risk occurring.
With each risk your business faces, you need to know how to minimise the downside and maximise the upside outcomes.
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Opinion Leaders in Business Being More Innovative and Implementing New Business Ideas
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Pick the best small business advice forum for your business. Use our virtual online small business advice forum to find the answer to your business question. Solve business problems quicker with a small business advice forum focusing on your country or industry.
Small Business Ideas and Development Forum. Join our online forum wherever you are whatever your are doing from your phone pc mobile device or TV.
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Safeguarding Your Business: Common Financial Mistakes Small Business Owners Make and How to Avoid Them
Small business owners often make financial mistakes that can have serious consequences for the success of their company. Here are some of the most common financial mistakes made by small business owners, and advice on how to prevent them:
Not keeping accurate financial records: Without accurate financial records, it can be difficult for small business owners to make informed decisions about the financial health of their company. To prevent this mistake, small business owners should establish a system for keeping accurate financial records, such as using accounting software or hiring a bookkeeper.
Not having a budget: A budget is an essential tool for small business owners, as it helps them to plan for expenses and manage cash flow. Without a budget, small business owners may overspend and find themselves in financial trouble. To prevent this mistake, small business owners should create a budget and stick to it.
Not having enough working capital: Working capital is the amount of money a business has available to cover its short-term expenses. Without enough working capital, small business owners may struggle to pay bills and meet other financial obligations. To prevent this mistake, small business owners should maintain a healthy level of working capital by managing expenses and seeking financing when necessary.
Not having adequate insurance: Insurance is an important tool for small business owners, as it helps protect their company against potential financial losses. Without adequate insurance, small business owners may find themselves facing financial ruin in the event of a disaster or other unexpected event. To prevent this mistake, small business owners should review their insurance needs and purchase the appropriate policies.
Not diversifying investments: Small business owners often invest a significant portion of their assets in their own company, which can be risky. To prevent this mistake, small business owners should diversify their investments to spread risk.
Not seeking professional advice: Small business owners often make financial decisions without seeking the advice of a professional. This can lead to costly mistakes. To prevent this mistake, small business owners should seek the advice of a financial advisor or accountant before making important financial decisions.
By avoiding these common financial mistakes, small business owners can increase the chances of success for their company.
Safeguarding Your Business: Common Financial Mistakes Small Business Owners Make and How to Avoid Them
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