Understanding Enterprise Risk Management ERM

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Improve collaboration on enterprise risk management ERM with top thought leaders. Mitigate threats and seize new business opportunities.

Understand Enterprise Risk Management ERM

BusinessRiskTV can help you to understand ERM to help protect your business better and grow it faster. Embed enterprise risk management principles and practices to boost your business performance.

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What are the internal and external risk drivers in your organisation?

Are you responsible for driving the risk management process in your enterprise? Need some help to manage key risk drivers better? Learn how to improve the level of understanding of risk across your enterprise.

New to it? Learn how to develop and a risk management process in your business.

Reap the benefits of enterprise risk management for your organisation

Manage and optimise risks facing your organisation to achieve more with your existing resources.

Develop an enterprise wide approach to managing strategic, operational and project risks. Understand external and internal risks to achieve objectives with less uncertainty.

Make enterprise risk management easier to understand and understand corporate risk better

Get the help of your peers and risk management experts to help you to develop a sustainable more successful business.

Apply and embed ERM into your business decision making process

 

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Do you want to protect your business or enterprise better? Do you want to grow your business faster? What level of risk is appropriate for your risk appetite and risk tolerance? How do you survive and sustain your business regardless of the external risks to prosper and achieve business objectives? What opportunities are there in the UK to grow your business more profitably?

  • Learn from and with your peers in business
  • Understand the risks you face better to inform your decision-making process
  • Reduce uncertainty from internal and external risk drivers

Master the internal and external business risk drivers in your organisation with advice form business risk experts.

BusinessRiskTV will discuss with you and our panel of relevant risk experts the answers to many business leaders questions on business protection and business growth

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Are You An Entrepreneur Or Business Leader Who Is Procrastinating Or Fearful Of The Future?

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UK Business Growth Opportunities

Business leaders need confidence in their decision making and entrepreneurial thinking to find new business opportunities.

Positive Risk Management
Positive Risk Management

Look at the world through an improving business and economic environment.   The UK is strong and set to get stronger

Guide to being more successful entrepreneur or intrapreneur
Supporting Entrepreneurs and Intrapreneurs

Are You an entrepreneur of business leader who is procrastinating or fearful of the future

The UK has the skills and ability to be greater than it is right now

Don’t listen to the doom-mongers! The UK has more opportunities to grow faster than it has had in front of it for decades.   Don’t look back at today and think, “I wish I had seized the day”. The time for waiting is over. Today will be the past and your great historic past is for the making now!

Business Leaders Need To Cut Their Cloth Accordingly

Are there huge economic uncertainties just now?

Of course! When haven’t there been significant uncertainties for business?   However, should we wait before investing time and money in our future?   Absolutely not! This is the time for sowing the seeds of your future success.   Businesses in the UK have so many opportunities for growth.

Where are the growth opportunities ?

Well have you looked properly! They are there. Your competitors may have spotted them. Look and you shall find!

Too much noise and not enough action!

Everybody is busy, but being busy doesn’t mean to say you’re in the growth business. Are you working hard but standing still? Have you got the talent, the assets and the ambition but not the results you’d hoped for?

The UK was built on innovation and hard graft, but in the recent past, we’ve been grafting too much and not innovating enough. The UK’s business leaders need to think smarter, not just work harder.

I could do with some help here mate!

Talk is cheap! I hear you! However, talking with like minded innovators who want to move to the action phase quickly might produce new business growth for your company.

Do most business leaders want the same thing – growth? Presumably none want to down-size. Many are happy to stay the same, though few businesses can survive by staying the same.

Many of your peers are happy to share ways to overcome barriers to business survival and business growth. No one person knows it all and even if they did, what they learnt would soon be out of date. Unless you keep up to date with best practices and evolving methods of working, you are going backwards behind competitors.

Sometimes we need to be inspired by the actions of others

Olympic competitors are inspired by the achievements of other Olympians. They may be at the top of their game, but they can still be inspired by the success of their peers.

Balanced Enterprise Risk Perspective

Are you taking too little or too much risk?   Poor business performance can come from too much, or too little risk.

Getting access to the horse’s mouth

If you don’t know – ask for free! It is highly unlikely that your business problems are totally unique. They might be unusual and have a different impact on your business, but the solution to your business problems have almost certainly already been found at another business somewhere in the world.

It is important to get risk into the right perspective. If you don’t know enough about your enterprise risks, it is possible that you are being overly cautious.   Alternatively you might be acting (or not acting) recklessly, and are on the edge of catastrophic disaster, due to lack of risk knowledge. Are you deliberately not asking questions cause you might not like the answers?

Are you an entrepreneur or business leader who is procrastinating?

Become a Risk Management Online member to access enterprise risk management collaboration for faster business growth and better business protection.

 

10 Essential Habits to Nurture and Develop as an Entrepreneur

Becoming a successful entrepreneur requires more than just having a great business idea. It involves nurturing certain habits that can help you navigate the challenges and uncertainties of the entrepreneurial journey. In this article, we will explore ten essential habits that aspiring entrepreneurs should cultivate to foster personal and professional growth. By incorporating these habits into your daily routine, you can enhance your entrepreneurial mindset and increase your chances of success.

  1. Embrace Continuous Learning. One of the key habits for nurturing an entrepreneurial spirit is a commitment to continuous learning. Successful entrepreneurs understand that knowledge is power, and they never stop seeking opportunities to expand their expertise. They read books, attend seminars, listen to podcasts, and engage in online courses to stay updated with the latest industry trends and developments. By fostering a thirst for knowledge, you can make informed decisions, adapt to changing circumstances, and position yourself as an expert in your field.
  2. Cultivate Resilience. Entrepreneurship is a challenging endeavour, often marked by setbacks and failures. To navigate through these hurdles, it is crucial to cultivate resilience. Successful entrepreneurs view failures as learning opportunities and bounce back stronger. They develop a positive mindset, practice self-care, and surround themselves with a support network that encourages them during tough times. By embracing resilience, you can overcome obstacles, stay motivated, and persevere on your entrepreneurial journey.
  3. Foster Creativity. Creativity is at the heart of entrepreneurship. To nurture your entrepreneurial spirit, make creativity a daily habit. Allow yourself to think outside the box, challenge conventional wisdom, and explore new ideas. Engage in activities that stimulate your creativity, such as brainstorming sessions, mind mapping, or artistic endeavors. By fostering creativity, you can generate innovative solutions, differentiate yourself from competitors, and seize new opportunities.
  4. Practice Effective Time Management. Time management is crucial for entrepreneurs who juggle multiple responsibilities and tasks. Develop habits such as setting clear goals, prioritising tasks, and utilising productivity tools. Identify your most productive hours and allocate them to the most critical activities. Additionally, delegate tasks and outsource non-essential activities to free up your time for strategic decision-making and growth-oriented pursuits. Effective time management will enhance your productivity, reduce stress, and enable you to make the most of each day.
  5. Build a Strong Network. Successful entrepreneurs understand the power of networking and relationship building. Cultivate the habit of attending industry events, joining professional organisations, and actively engaging in online communities. Surround yourself with like-minded individuals, mentors, and potential partners. By building a strong network, you gain access to valuable resources, receive guidance from experienced entrepreneurs, and open doors to new opportunities.
  6. Develop Effective Communication Skills. Effective communication is vital for entrepreneurs, whether it’s pitching ideas to investors, collaborating with team members, or connecting with customers. Practice active listening, articulate your thoughts clearly, and develop strong interpersonal skills. Embrace different communication channels, including public speaking, writing, and digital platforms. By honing your communication skills, you can convey your vision persuasively, build strong relationships, and inspire others to support your entrepreneurial endeavors.
  7. Embody Adaptability. In today’s fast-paced business environment, adaptability is essential for entrepreneurial success. Develop the habit of embracing change, seeking feedback, and staying flexible in your approach. Be willing to pivot when necessary and adjust your strategies based on market trends and customer feedback. By embodying adaptability, you can stay ahead of the curve, seize emerging opportunities, and navigate through uncertain times with confidence.
  8. Prioritise Self-Reflection. Entrepreneurs often get caught up in the daily grind and neglect self-reflection. However, taking time to evaluate your progress and introspect is crucial for personal and professional growth. Cultivate the habit of journaling, meditation, or mindfulness practices. Reflect on your accomplishments, challenges, and areas for improvement. By prioritising self-reflection, you gain clarity, make better decisions, and develop a deeper understanding of yourself and your entrepreneurial journey.
  9. Embrace Risk-Taking. Entrepreneurship inherently involves taking risks. To nurture your entrepreneurial spirit, develop a habit of calculated risk-taking. Understand the potential rewards and consequences of each decision, conduct thorough research, and trust your instincts. Learn from failures, iterate, and adapt. By embracing calculated risk-taking, you can uncover new opportunities, gain a competitive edge, and propel your entrepreneurial ventures forward.
  10. Practice Resilience. Resilience is the ability to bounce back from setbacks and challenges. As an entrepreneur, it is crucial to develop resilience as a daily habit. Surround yourself with a supportive network, take care of your physical and mental well-being, and maintain a positive mindset. View failures as learning experiences, embrace challenges as opportunities for growth, and persevere in the face of adversity. By practicing resilience, you can overcome obstacles, maintain your focus, and ultimately achieve long-term success.

Nurturing an entrepreneurial spirit requires the cultivation of specific habits that foster personal growth, resilience, and adaptability. By embracing continuous learning, cultivating resilience, fostering creativity, practicing effective time management, building a strong network, developing effective communication skills, embodying adaptability, prioritising self-reflection, embracing risk-taking, and practicing resilience, you can enhance your entrepreneurial mindset and increase your chances of success. Incorporate these habits into your daily routine, and watch yourself grow into a successful and thriving entrepreneur.

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Working with senior managers executives business owners and entrepreneurs to embed practical enterprise risk management ERM solutions.

Enterprise risk management will not provide any net benefit to the organisation if its leaders don’t buy in to the principles the benefits of risk assessment process and the framework the best performing companies conform to.

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Business leaders must agree the risk appetite and risk tolerance of the organisation before the risk assessment process can begin

The risk assessment process is a good management tool but it can be nullified corrupted and cost the organisation money and performance if it doesn’t operate within and support the risk culture of the business.

Enterprise wide perspective on corporate risks

Strategic operational and project risks all need to be included in the risk management framework and risk assessment process to provide consistency of business decision-making to improve performance of the business.

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What is risk management in a business context?

Enterprise risk management is the management of the effect uncertainty on business or enterprise objectives. An organisation should create the risk management framework upon which to apply and embed the principles of risk management and the risk assessment process.

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Effective enterprise risk management ERM should focus on managing risks better not measuring risks. Many business leaders think they have an effective ERM system of working, but in fact they have a detailed risk assessment process. This may or may not manage risks better.

The process of identifying risks assessing risks and developing strategies to manage risks better

The risk assessment process must factor in the risk perception and risk culture of the organisation. The risk perception of the assessor so can greatly skew the risk assessment process in a direction that results in either too much or too little risks being taking.

Too much financial cost will be incurred controlling risk disproportionately or the opportunity cost of taking too little risk may mean the business fails to grow as fast as it could with existing resources.

The outcomes of business activities and decision-making are uncertain. There is therefore a risk that the decisions taken are good ones or bad ones.

Enterprise risk management ERM is about trying to increase the number of good decisions and reduce the number of bad decisions to make achieving business objectives easier cheaper and more profitably or more efficiently, in the case of not-for-profit organisations.

ISO 31000 Risk Management

ISO 31000 Risk Management

Identify assess and prioritise action and resources to manage enterprise risks better

Reduce the effect of uncertainty on the objectives you have set for your business or enterprise. Use ERM to pull together your available resources to create a coordinated and cost effective risk management plan.  Use your existing resources to more confidently improve your business performance.

Minimise the threats to your business objectives. Maximise the opportunities open to your business.

  • Learn methods of risk management in business
  • Update your process of risk management in business
  • Discover new risk management echniques

Taking risks is part of corporate success. You need to take risks to grow and develop. In an ever changing business environment you have to effectively manage risks to achieve more with certainty.

Minimising enterprise threats and maximising business growth

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Understand enterprise risks impacting on your organisation. Analyse and manage risks to make sure you achieve your organisations objectives.

Enterprise Risk Management ERM is an integrated holistic and joined up approach to managing risk across an organisation and its extended networks

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BusinessRiskTVs objective is to build business intelligence in enterprise risk management in all industries and across the globe. Read enterprise risk management articles and watch videostreaming online.

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Learn how to assess risk and create a risk management plan to improve business performance. Identify cost effective controls to mitigate and reduce risks.

Managing Business Risks Better with C&C Associates
Managing Business Risks Better with C&C Associates

Evaluate business risks. Identify and assess factors with downside impact on corporate objectives, or upside potential to boost business performance.

Find out about a different more risk based approach to planning your business’s future success.

Develop a new process of identifying risks, assessing risks and developing new strategies to manage risks facing your organisation.

Manage the internal risks and external risks facing your business better

Learn from peers and risk assessment experts. Continuously improve your own risk assessment process. Pick up tips on how to embed and integrate risk assessment into your enterprise’s strategic, operational and project decision-making.

Regularly meet online wherever you are in the world to speak to your peers and risk assessment experts. Collaborate on agreed risk assessment projects or learn during risk assessment workshops to improve your risk knowledge and risk management skills.

  • See a different risk perspective based on others experiences and risk knowledge that will provide a different enterprise risk insight
  • Improve the effectiveness of your risk assessment process to boost your enterprise performance
  • Like minded individuals working to improve risk assessment best practices
  • Improve your corporate risk and strengthen your resilience

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Ask business management experts to help remove your uncertainty and improve your business performance. We support the aim of Risk Management Online to promote the use of enterprise risk management ERM to better protect and grow businesses wherever they want to operate in the world

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Do you want to manage enterprise risks better?Develop your enterprise risk management knowledge. Practical enterprise risk management training courses online and in classroom.

 

Expand Your Risk Knowledge of Enterprise Risk Management ERM

Learn how the ERM discipline can benefit your business performance. Internal and external risks can have a downside impact on your organisation’s ability to achieve its objectives. The flipside is that they can have an upside potential on your business success.

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Managing Business Risks Better with C&C Associates

Enterprise risk management ERM is a holistic integrated approach to business decision-making. A risk based approach moves away from the simple bean-counting approach of financial risk to explore the true impact on your business of enterprise risks.

We have a range of enterprise risk management services including training, mentoring and business promotion to ensure that the upside potential of risk is not lost in your business strategy.

  1. Contact us to schedule a free online meeting to discuss your business needs;
  2. We will present a report recommending action to reduce uncertainty in your business planning;
  3. Implementation of the recommendations will involve working in partnership with you to achieve your objectives.
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