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30th April 2020 Another 55000 Washing Machines in UK Homes Should Stop Being Used and Need Repairing or Replacing Owing to a Fire Risk

An extra 21 models have been added to the list of 524000 Hotpoint and Indesit washing machines being recalled. Whirlpool owns the washing machine brands. The product recall programme was ongoing despite coronavirus restrictions. The total number of models affected is 66.

About 20 percent of the Hotpoint and Indesit washing machines sold since 2014 are affected by a safety fault and need to be recalled.

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79 fires are thought to have been caused by an overheating door locking system in the washing machine. The fault develops over time according to Whirlpool.

Advice for washing machine owners

Whirlpool has set up a model checker online or call 0800 316 1442.

Owners of Hotpoint and Indesit washing machines bought since October 2014 will need to enter the model and serial number of their appliance found inside the door or on the back to see if it is one of those affected. Those who have previously checked and been given the all clear may need to check again due to the new models with faults added to fault affected list. Slots for a modification or replacement machine are available straight away.

All owners affected by the recall are entitled to a replacement washing machine or a repair to their existing appliance without charge but there is no offer from the company of a refund. They should stop using it until an engineer has checked it if necessary restrict its use to a cold wash.

4th March 2020 Toyota Motor Corp Recalling 3.2 Million Vehicles Worldwide To Address Fuel Pump Issue That Could Result In Engines Stalling.

Dealers will replace the fuel pumps with new ones.

Owners have complained of rough engine running engine not starting and loss of power while driving at low speeds.

21st November 2019 Fiat Chrysler Recalling 700000 sport utility vehicles SUVs worldwide due to faulty electrical connection could prevent engine starts or contribute to a stall

The automotive product recall covers 2011 to 2013 model year for Dodge Durango and Jeep Grand Cherokee SUVs. Fiat Chrysler are unaware of any injuries or accidents related to the fault and will notify owners at a later date when they will be able to schedule repairs at car dealerships.

Most of the vehicles being recalled are in USA. The rest are spread around the world including but not limited to Canada and Mexico.

20th July 2019 Dangerous Tumble Dryer Product Recall

Whirlpool is launching a full recall of any remaining fire prone tumble dryers. For 4 years now Whirlpool have resisted calls to recall tumble dryers when the fault emerged.

Tumble dryer brands affected include Hotpoint Indesit Creda Swan and Proline bought between April 2004 and September 2015 in UK.

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For more information on what to do if you bought a tumble dryer call 0800 151 0905 or visit CLICK HERE. Check if your tumble dryer is affected. If it is on the product recall list stop using it and unplug it immediately.

Options for tumble dryer owners include:

  • Obtain a free replacement dryer with no extra charges for collection or disposal of the old machine
  • Get a free one hour modification of the old machine
  • Take a discounted upgrade to a higher specification model than the free replacement
  • Obtain a partial refund of up to 150 pounds with owners of older machines getting less than those with newer ones

If your tumble dryer has already been modified as a safety upgrade you may not be able to take advantage of above options but call the helpline to double check.

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20th July 2019 Volvo Product Recall 500000 Worldwide

Volvo car manufacturer has concerns of fire risk. A plastic part of the engine can melt and deform and in extreme cases catch fire.

The product recall affects some cars made in the past five years. Volvo will contact affected customers.

There have been Volvo car fires as a result though no one has been injured.

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Volvo has reported how many fires have occurred as a result of the defect. The product defect affects cars from the models years 2014 to 2019 with four-cylinder diesel engines.

Car owners have been told that vehicles are safe to use if the car is not currently showing signs of a problem including engine warning light coming on lack of power from engine or an unusual smell.

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Will you suffer catastrophic loss to disruptive innovation or become a business disruptor yourself

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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.

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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.

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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.

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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.

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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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Where is the automotive industry going

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Engage with more car industry thought leaders. Improve the automotive industry. Save money and time overcoming automotive industry barriers with BusinessRiskTV.

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New Automotive Industry Entrants and Cross Sector Collaboration Will Bring New Threats and Opportunities

Where is the automotive industry going
The blurring of lines between old world car manufacturers and hi-tech new world manufacturers continues in world of 4IR

22nd July 2020 Fiat Chrysler will develop fully self driving commercial vehicles with Waymo

Fiat Chrysler Automobiles FCA News Report July 2020
Fiat Chrysler Automobiles FCA News Report July 2020

2nd July 2020 Tesla is now worlds most valuable carmaker overtaking Toyota

Whilst Toyota made 30 times more cars in 2019 Tesla share price now has made Tesla a more valuable carmaker

Tesla has now demonstrated several quarters of profitable business growth. The future is electric and Tesla offers more future value than any other manufacturer who makes electric cars.

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 Robot Delivery

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 wants to set up a bank in Germany in late 2018 and has applied for a banking licence as part of Ford’s strategy to mitigate any risk from Britain leaving the European Union after the Brexit vote in June 2016.

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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Most Important Things To Know In Business Are What Are Your Biggest Problems Impacting On Business Objectives

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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.

  1. 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.
  2. 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.
  3. 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.
  4. 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.

What is the solution to the problem in the business? What is the McKinsey model of problem solving? Why is it important to solve business problems? What are 3 ways a business can use creative thinking to solve business problems?
What are business problems you may need to solve today?

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.

 

 

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What is achievable in your business?

Know with more certainty what your business could achieve if it makes some changes.

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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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What are your biggest business problems

If you can’t answer this question immediately, right now, then you are missing out on quick more profitable gains to easily make your business more successful.

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 momentum 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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