Risk Management Planning Hampered By Vastly Inaccurate Risk Management Modelling Platforms

If you don’t have confidence in your risk management modelling system, then you cannot have confidence in your risk management plan!

The Cloudy Crystal Ball: Why Economic Models Can’t Predict the Future (and What We Can Do About It)

As business leaders and consumers in the UK navigate the ever-turbulent waters of the global economy, one question looms large: can we trust the forecasts? Economic models, once hailed as oracles of the future, have stumbled badly in recent years, failing to anticipate major events like the 2008 financial crisis and the COVID-19 pandemic. This has left many wondering: are we all just flying blind?

The Limits of the Model Machine:

Economic models are not, and never will be, crystal balls. While these complex mathematical constructs can provide valuable insights into economic trends, they are inherently limited by a number of factors:

  • Incomplete Data: Economic models rely on historical data to identify patterns and relationships. However,the economy is a dynamic system,constantly evolving in unpredictable ways. New technologies, political upheavals, and natural disasters can all throw sand in the gears of even the most sophisticated model.
  • Human Factor Flaw: The economy is ultimately driven by human behaviour,which is notoriously difficult to predict. Models often struggle to account for factors like consumer confidence, investor sentiment, and political decision-making, leading to inaccuracies.
  • The Black Swan Problem: As Nassim Nicholas Taleb famously argued,unforeseen events – “black swans” – can have a profound impact on the economy. Models excel at predicting the familiar, but struggle to handle the truly unexpected.

The Governor’s Voice:

This point has been echoed by no less than Andrew Bailey, the Governor of the Bank of England, who, in a speech earlier this year, stated:

“Economic models are powerful tools, but they are not infallible. They are based on historical data and assumptions, and they can be blindsided by unexpected events. It is important to remember that models are not reality, they are just a simplified representation of it.”

Beyond the Model Maze:

So, if economic models cannot be relied upon for perfect foresight, are we doomed to make decisions in the dark? Absolutely not. While models may not provide infallible predictions, they can still be valuable tools for understanding the underlying dynamics of the economy. Here are some ways we can move beyond the limitations of models and make informed decisions in a world of uncertainty:

  • Embrace Scenario Planning: Instead of relying on a single “most likely” forecast, consider multiple scenarios, ranging from optimistic to pessimistic. This allows for a more nuanced understanding of potential risks and opportunities.
  • Focus on Leading Indicators: While lagging indicators, like GDP growth, tell us what has happened, leading indicators, like consumer confidence surveys, can provide clues about what might happen. By monitoring these signals, we can be better prepared for potential shifts in the economy.
  • Listen to the Ground: Don’t get lost in the data blizzard. Talk to businesses, consumers, and workers on the ground to get a sense of their lived experiences and concerns. This qualitative data can complement the quantitative insights from models and provide a more holistic understanding of the economic landscape.
  • Prioritise Adaptability: In a world of constant change, the ability to adapt is key. Businesses and consumers should focus on building resilience and flexibility into their plans, allowing them to adjust to unforeseen circumstances.

Conclusion:

Economic models are imperfect tools, but they are not useless. By understanding their limitations and employing additional strategies, we can move beyond the model maze and make informed decisions in an uncertain world. As Bank of England Governor Bailey reminded us, “The future is always uncertain, but by being prepared and adaptable, we can navigate the challenges ahead and build a more resilient economy.”

Get help to protect and grow your business

Contact Us

Subscribe for free risk alerts and risk reviews

Contact Us

Read more business risk management articles for free

Contact Us

Lions Led By Donkeys

We get the politicians we deserve!

The A Political Quagmire: Navigating Uncertain Seas in the US and UK

The year 2023 has painted a stark picture of political dysfunction in both the United States and the United Kingdom. In the US, a gridlocked Congress produced a meager 23 bills, a far cry from the legislative productivity expected from the world’s leading democracy. Across the Atlantic, the echoes of Brexit continue to reverberate, with the UK Parliament bogged down in endless debates instead of tackling the pressing economic challenges facing the nation. This grim reality poses a significant challenge for individuals and businesses in both countries, leaving them adrift in a sea of uncertainty.

The American Stalemate: A Congress in Paralysis

The 2023 legislative output of the US Congress stands as a testament to the deep partisan divide currently gripping American politics. Republicans and Democrats seem locked in a perpetual tug-of-war, more interested in scoring political points than finding common ground. This has resulted in a legislative drought, leaving crucial issues like healthcare reform, infrastructure development, and climate change unaddressed.

For individuals, this political paralysis translates into a sense of disillusionment and a feeling of being forgotten by their elected representatives. The lack of progress on key issues like healthcare affordability and student loan debt directly impacts their lives, while the inaction on climate change raises anxieties about the future. Meanwhile, businesses face an unpredictable regulatory environment, hindering investment and economic growth.

Navigating the Labyrinth: What Americans Can Do

In the face of this legislative inertia, individuals and businesses must become the architects of their own destinies. Here are some strategies to navigate the American political quagmire:

  • Stay informed: Stay abreast of current events and political developments. Follow reputable news sources from both sides of the spectrum to understand the nuances of the issues and hold your elected officials accountable.
  • Engage constructively: Reach out to your representatives and express your concerns and priorities. Support organizations that advocate for issues you care about and participate in peaceful protests and demonstrations.
  • Vote strategically: Research the candidates in your local and national elections and vote based on their track record and policy positions. Consider candidates who demonstrate a willingness to compromise and work across the aisle.
  • Focus on local politics: Engage with your local community and participate in local elections. Local governments often have a significant impact on daily life, and your involvement can make a real difference.
  • Support civic engagement initiatives: Encourage and educate others about the importance of political participation. Promote initiatives that foster civil discourse and bridge the partisan divide.

Brexit’s Bitter Aftermath: UK’s Economy Lost in the Fog

While the US suffers from congressional gridlock, the UK grapples with the fallout of Brexit. The 2016 referendum, which saw a narrow vote to leave the European Union, has plunged the nation into a protracted political and economic crisis. Parliament remains embroiled in endless debates about the terms of the withdrawal agreement, with little progress made on addressing the concerns of businesses and citizens regarding trade, immigration, and the future of the National Health Service.

For individuals, Brexit has brought uncertainty about jobs, wages, and access to essential goods and services. Businesses face complex bureaucratic hurdles and the potential for reduced market access. The ongoing political turmoil erodes confidence in the economy and dampens investment, further hindering growth.

Charting a Course Forward: How the UK Can Steer Out of Troubled Waters

To emerge from this quagmire, the UK needs a renewed focus on pragmatism and national unity. Here are some potential pathways forward:

  • Prioritise the economy: Parliament must shift its focus from Brexit minutiae to addressing the immediate concerns of businesses and citizens. Policies that stimulate economic growth, create jobs, and support vulnerable communities are essential.
  • Seek common ground: Political parties must find ways to cooperate and compromise on key issues.Collaborative leadership that transcends partisan divides is crucial for navigating the challenges ahead.
  • Foster open dialogue: The government must engage in transparent communication with the public, clearly explaining the implications of various Brexit scenarios and seeking feedback on potential solutions.
  • Invest in education and skills training: Equipping the workforce with the necessary skills to thrive in the post-Brexit landscape is crucial for long-term economic success.
  • Promote international cooperation: Building strong relationships with other countries, both within and outside of the EU, will be essential for securing trade deals and fostering economic opportunity.

A Common Challenge, Different Solutions

While the political landscapes of the US and UK differ significantly, the challenges they face share a common thread: a lack of effective governance and a disconnect between elected officials and the people they represent. To overcome these hurdles, both nations must rediscover the spirit of compromise, prioritise the needs of their citizens and businesses, and embrace pragmatism over ideology.

The road ahead will undoubtedly be challenging, but by staying informed, engaging constructively, and holding their leaders accountable, individuals and businesses can play a vital role.

Get help to protect and grow your business

Find Out More

Subscribe for free business risk management news and risk reviews

Contact Us

Read more free business risk management articles

Contact Us

Will you drown or be saved with cryptos?

Some bank shares are still more than 90% off their peak pre 2008 financial crisis so there is no such thing as “safe as money in the bank”!

The Inflationary Storm: Are Cryptos Your Lifeboat?

A dark cloud hangs over the global economy. Whispers of recession turn into shouts, and governments, desperate to keep the ship afloat, resort to the familiar mantra: fiscal stimulus and quantitative easing. But what does this mean for your hard-earned money? Enter cryptocurrencies: a digital life raft in a sea of potential devaluation.

As a currency and economics expert, I’m here to navigate these choppy waters. Today, we’ll explore the potential for crypto as a hedge against fiat currency devaluation. We’ll dive into the economic storm, examine the limitations of traditional safeguards, and assess whether venturing into the crypto realm could be your best bet.

The Looming Devaluation:

Governments and central banks worldwide have injected trillions into their economies since the pandemic. This, coupled with supply chain disruptions and geopolitical tensions, is fuelling an inflationary fire. Fiat currencies, backed by nothing but government promises, are losing their purchasing power. A loaf of bread that cost $2 yesterday may cost $2.10 tomorrow, silently eroding your savings and future.

Traditional Safe Havens Fail:

Historically, gold and other precious metals have been go-to hedges against inflation. But their limited supply and physical constraints don’t cater to everyone’s needs. Real estate or property, another traditional option, suffers from high entry barriers and illiquidity.

This is where cryptocurrencies enter the picture. With their decentralised nature, limited supply, and global reach, they present a new, albeit volatile, option.

The Crypto Advantage:

  • Limited Supply: Unlike fiat currencies,many cryptocurrencies, like Bitcoin,have a predetermined cap on their supply. This scarcity helps limit inflation and potentially increases their value over time.
  • Decentralisation: Cryptocurrencies aren’t subject to the whims of governments or central banks. Their decentralised networks offer a buffer against devaluation policies used to stimulate economies.
  • Global Accessibility: Anyone with an internet connection can access and trade cryptocurrencies, regardless of location or financial standing. This democratises wealth management and opens doors to previously excluded individuals.
  • Store of Value: While their volatility often grabs headlines, cryptocurrencies like Bitcoin have exhibited long-term value appreciation. Their potential to act as a digital gold, a secure store of value in a turbulent economy, is undeniable.

The Risk Factor:

However, venturing into the world of cryptocurrencies isn’t without its risks:

  • Volatility: The crypto market is notoriously volatile. Prices can swing wildly, making them potentially unsuitable for risk-averse individuals.
  • Regulation: The regulatory landscape surrounding cryptocurrencies is still evolving, creating uncertainty and potential for government intervention.
  • Security: Crypto wallets and exchanges have been targets for hackers, highlighting the importance of choosing secure platforms and practicing safe storage methods.

Navigating the Crypto Waters:

So, should you dive into the crypto ocean as a hedge against devaluation? The answer depends on your individual circumstances and risk tolerance. If you’re looking for a safe haven, traditional options like gold might be better suited. However, if you have the risk appetite and are willing to do your research, cryptocurrencies could be a valuable addition to your portfolio.

Remember, diversification is key. Don’t put all your eggs in the crypto basket. Start with a small allocation, understand the risks involved, and invest only what you can afford to lose.

For Business Leaders:

  • Explore crypto’s potential as a payment option: Accepting cryptocurrencies can attract tech-savvy customers and expand your reach.
  • Consider crypto investments: Carefully assess the risks and potential rewards of incorporating crypto into your portfolio.
  • Educate your employees: Equip your team with the knowledge they need to understand and potentially utilise cryptocurrencies.

For Consumers:

  • Do your research: Understand the different types of cryptocurrencies and their underlying technologies before investing.
  • Diversify your portfolio: Don’t put all your eggs in the crypto basket.
  • Start small: Invest only what you can afford to lose, and remember the market is volatile.
  • Choose secure platforms: Store your cryptocurrencies in reputable wallets and exchanges.

Cryptocurrencies present a fascinating blend of opportunity and risk in the face of potential fiat currency devaluation. While not a guaranteed solution, they offer a novel approach to securing your financial future. Remember, knowledge is power in this realm. Educate yourself, assess your risk tolerance, and make informed decisions to weather the coming economic storm. The crypto lifeboat might just be the key to staying afloat in the inflationary seas ahead.

Get help to protect and grow your business

Find Out More

Subscribe for free business risk management alerts warnings and risk reviews

Contact Us

Read more business risk management articles

Contact Us

Poor project management in UK

Making Britain great!


Why the UK Cannot Complete Major Infrastructure Projects on Time and Within Budget

Construction Project Manager Job Vacancies

The UK has a long history of struggling to deliver major infrastructure projects on time and within budget. This has led to a number of high-profile delays and cost overruns, as well as a growing public frustration with the way in which infrastructure projects are managed.

There are a number of factors that contribute to the UK’s poor record on infrastructure delivery. These include:

  • A lack of long-term planning and strategic thinking. The UK government has often been accused of adopting a short-term approach to infrastructure planning, which has led to a lack of consistency and continuity.This has made it difficult to develop a long-term pipeline of projects that can be delivered efficiently.
  • A complex and fragmented procurement process. The UK’s procurement process is often complex and time-consuming,which can lead to delays and cost overruns. This is partly due to the fact that there is a lack of standardisation and consistency across different government departments and agencies.
  • A lack of expertise in managing large infrastructure projects. There is a shortage of skilled project managers in the UK, which can make it difficult to find the right people to lead and manage complex projects. This is compounded by the fact that many project managers in the UK are not properly trained or experienced.
  • A lack of political will to make tough decisions. The UK government has often been unwilling to make the tough decisions that are necessary to deliver major infrastructure projects on time and within budget. This is partly due to a fear of political backlash, but it is also due to a lack of understanding of the importance of infrastructure investment.

These factors have all contributed to a culture of risk aversion within the UK’s infrastructure industry. This has led to a focus on minimising risks rather than maximising value for money. As a result, projects are often over-engineered and over-specified, which leads to delays and cost overruns.

How to improve the UK’s record on infrastructure delivery

There are a number of things that the UK government can do to improve its record on infrastructure delivery. These include:

  • Develop a long-term infrastructure plan. The UK government needs to develop a long-term infrastructure plan that sets out the country’s infrastructure needs for the next 20 to 30 years. This plan should be based on a clear understanding of the country’s economic and social needs, and it should be regularly reviewed and updated.
  • Streamline the procurement process. The UK government needs to streamline the procurement process to make it more efficient and transparent.This could be done by standardising procurement procedures across different government departments and agencies, and by making more use of technology.
  • Invest in training and skills development. The UK government needs to invest in training and skills development to ensure that there is a sufficient supply of skilled project managers. This could be done by supporting professional development programs and by providing funding for apprenticeships and other training initiatives.
  • Make tough decisions. The UK government needs to be willing to make the tough decisions that are necessary to deliver major infrastructure projects on time and within budget. This includes making decisions about project scope, risks, and procurement.
  • Focus on value for money. The UK government needs to focus on value for money when delivering infrastructure projects. This means ensuring that projects are delivered to the highest possible standard, while also ensuring that they are delivered on time and within budget.
  • Improve project management practices. The UK government needs to improve project management practices across the public sector. This could be done by providing training and support to project managers, and by developing and implementing project management standards.
  • Increase investment in infrastructure. The UK government needs to increase investment in infrastructure. This will help to address the country’s infrastructure deficit and create jobs.
  • Publicly disclose project details. The UK government needs to publicly disclose all project details, including costs, risks, and timelines. This will help to improve transparency and accountability.
  • Appoint a dedicated infrastructure minister. The UK government needs to appoint a dedicated infrastructure minister who will be responsible for overseeing the delivery of all major infrastructure projects.

By taking these steps, the UK government can improve its record on infrastructure delivery and ensure that future projects are delivered on time and within budget.

In addition to the above, I would also like to add that the UK government needs to adopt a more collaborative approach to infrastructure delivery. This means working more closely with the private sector, as well as with local communities. By working together, the government and the private sector can share risks and expertise, and develop innovative solutions to infrastructure challenges.

The UK government also needs to be more open to using new technologies, such as modular construction and 3D printing. These technologies can help to reduce the time and cost of delivering infrastructure projects.

Finally, the UK government needs to be more accountable for its performance.

More business risk management news and reviews

Subscribe to business risk management alerts and articles 

Promote your business to grow faster in uncertain world

Join our business risk management club

Poor project management in the UK

Ways To Improve Business Performance with BusinessRiskTV

Use our Pro Risk Manager service to reduce the impact of uncertainty on your business objectives

Explore new ways to grow your business online with BusinessRiskTV. Grow your business online today. Learn how to expand business with our help and support.

How to grow your business fast with BusinessRiskTV

Benefits of proactive risk management

Celebrate Your Online Business Growth With Pro Risk Manager

Our Pro Risk Manager service will protect your business better and provide practical tools and techniques to increase your online sales to maximise your profit.

Increase brand awareness ideas

How To Increase Brand Awareness

Brand Awareness Campaign Ideas With BusinessRiskTV.com

If people searching for your type of products or services do not find you they will go to your competitors

Improving business performance

Enterprise Risk Management Health Check

Enterprise Risk Management Health Check

There are many ways to improve your business performance. Are you suffering interruptions to your normal business trading ability? Could you be missing opportunities to increase your online sales? Are you really making your existing assets and resources work productively and efficiently?

Online Exhibition Platform

Online Exhibition Platform
Online Exhibition Platform With BusinessRiskTV

We have a number of virtual exhibition platforms to showcase the best of your business online. Pick the best online exhibition platform for your country or industry.

Best Virtual Exhibition Platform

Virtual Exhibition Platform To Showcase Your Business Products and Services To Buyers Already Interested In Your Type Of Business Offering

Innovative ideas for company growth

Economic Outlook and Global Uncertainties Management

Business Growth With Less Uncertainty Forums

Business Coaching Packages

Business Coaching Services

Business Coaching Services

Your dedicated online business coach will work with you and your colleagues to help drive your business forward faster

Online Business Coach

Look at your business risks through the eyes of other business risk management experts

A fresh pair of eyes will help you see threats to your business assets and opportunities for business growth. Build your business resilience and develop your online income streams with BusinessRiskTV risk management experts.

Reduce cost of being in business and boost your purchasing power

Enterprise Risk Management Explained

Enterprise Risk Management Best Practices Explored Online With BusinessRiskTV.com

Ways To Improve Business Performance with BusinessRiskTV

Diversify supply chains to reduce reliance on one country or supplier

Reducing the risk of supply chain disruptions with BusinessRiskTV.com

Reduce supply chain risk. Should one supplier be shutdown for whatever reason your business should be able to continue without interruption. At the very least ensure you have alternative risk control measures to react to normal supply interruptions. The proximate cause of the supply chain disruption could be wide and varied including fire political social unrest natural disaster or even something called coronavirus. Assessing the risks from your supply chain is critical to the resilience of your business. Diversifying supply chain can increase costs but need not automatically follow.

Supply Chain Risk Management
Supply Chain Risk Management Articles Discussion Live On Demand Video Streaming To Help You Manage Risks Better

Enter code #SupplyChainRisk

Reducing the risk of supply chain disruptions

Adapt quickly to changes within the supply chain to minimise the risk of disruptions to your business performance. Scan the horizon to look for future potential for disruption. Analyse the current risks and take appropriate action.

Supply Chain Risk Management BusinessRiskTV
Supply Chain Risk Management BusinessRiskTV

Subscribe to BusinessRiskTV for free supply chain risk management alerts bulletins and reviews to your inbox

Complete and submit the form below and enter code #SupplyChainRisks.

Join our free online supply chain risks group discussion

Collaborate with BusinessRiskTV to grow your business faster with less uncertainty
ASK TO JOIN SUPPLY CHAIN MANAGEMENT DISCUSSIONS NEWS OPINIONS AND REVIEWS

Supplier Diversification In Supply Chains

Critical Key Supply’s Should Be Manufactured In Your Own Country More To Mitigate Breaking Supply Chain To Your Business

EU leaders last month stressed the need for the bloc to have strategic autonomy after the coronavirus crisis.

The European Union and its companies need to diversify their supply chains to reduce their reliance on individual countries but that does not mean bringing all production back to Europe

European Union EU Trade Chief

With the coronavirus pandemic many have now realised that there has been an over reliance on Asia for the supply of key supplies. Austrian EU diplomats think this means more manufacturing and production of key supplies should be brought home. Whilst this does not mean all Asian supplies from Asia should cease it does mean more manufacturing is required in your own country to build supply resilience.

We need to look at how to build resilient supply chains based on diversification acknowledging the simple fact that we will not be able to manufacture everything locally

European Union EU Trade Chief

Dutch trade minister Sigrid Kaag told reporters after the video conference with EU counterparts that there was an awakening to the need to determine the weakest links in value chains. How can you mitigate the overdependence on countries such as China or India when it comes to essential goods.

During the coronavirus pandemic France Germany and USA were just some of the countries who intervened at government level to stop supply of some products including personal protective equipment and medical equipment. When supply comes from outside your own country you are diversifying your supply chain but over reliance on overseas supply can increase risk of supply chain interruption. Arriving at the right balance is key to maintaining good business performance and strong business resilience.

Promote and market your supply chain risk related business on BusinessRiskTV for 12 months

Put your products and services in front of new customers already interested in your type of business offering before your competitors do.

Cheap ways to promote your business
Find out how to promote your business locally and globally/ CLICK HERE for more information.

Link into your existing sales process or use our eCommerce solutions to increase your sales cash flow and profit

Increase the sources of your revenue streams more sustainably. Grow your business faster with BusinessRiskTV.

Supply Chain Risk Consulting

Get help from one of our Supply Chain Risk Consulting Partners to manage your supply chain risks better.

Business Risk Partners
BusinessRiskTV Risk Partners enter code #SupplyChainRiskConsultingQuote
MarketplacesExhibitions
Cost ReductionRisk Magazine
Discover better ways to protect and grow your business with BusinessRiskTV
Global Supply Chain Risk Management During COVID-19 Pandemic
Global Supply Risks And COVID-19 Pandemic Health Risk Management

Opening up the skies is a big part of easing global supply crisis. More holidaymakers increases airfreight opportunities and lowers international trading by air costs. Shortening supply chain, reversing globalisation, can increase speed of change and flexibility in an uncertain world as well as build resilience whilst protecting the environment from supply chain costs.

#BusinessRiskTV #SupplyChainRisks #SupplyChainRiskManagement #SupplyChain #Logistics #SupplyChainManagement #Shipping #Freight #SupplyChainRisk #SupplyChainRiskConsultingQuote

Diversify supply chains to reduce reliance on one country or supplier

Risk management leaders magazine for risk management news opinions reviews

Risk leadership theory and practical risk management advice with BusinessRiskTV.com

Pick up risk management tips. Read risk management articles and view videos. Network with top risk management thought leaders locally and globally to solve your risk management problems quicker and cheaper.

Managing business risks better with BusinessRiskTV
Managing business risks better with BusinessRiskTV

Enter code #RiskLeadership

Promote and market your business on BusinessRiskTV for 12 months

Cheap ways to promote your business
Find out how to promote your business locally and globally
MarketplacesExhibitions
Save MoneyRisk Magazine
Discover new ways to protect and grow your business with BusinessRiskTV

#BusinessRiskTV #BusinessLeaders #RiskLeaders #RiskManagementLeaders #RiskManagementLeadership #RiskLeadership #BusinessLeadership #RiskManagementNews #RiskManagementReview #EnterpriseRiskManagement

BusinessRiskTV Risk management leaders magazine for risk management news opinions reviews

Emerging trends in business management

Global and local business management trends with BusinessRiskTV.com

Emerging trends in business management debated risk analysed and risk controls reviewed. What emerging trends in business management must you know about today? Consumers and business decision makers have easy access to business intelligence so business leaders need to use business intelligence more in risk management strategy setting to grow faster. Due to the rapidly changing business environment and increased nationalism it may be better to have shorter supply chains. Alternatively restructure your supply chains to embrace new cost saving opportunities in supply.

Spot emerging trends before your competitors to protect your business better and grow business faster

BusinessRiskTV

Fully adopt new technology to react faster and lower business costs. Evolve more business from existing customers by engaging customers more in your business. Redfine they way you do business to do more business.

Emerging Trends in Business Management

Exploring The Future Of Work Trends and Analysing The Risks To Your Business Your Career and Society
Future Of Work Trends

Identify and understand emerging risks better to inform your decision making quicker. Keep up to date with global and local trends in your industry and country. Tap into our risk management experts networks to solve business problems faster and cheaper.

Subscribe to BusinessRiskTV for free alerts bulletins and reviews on emerging trends in business management

Enter code #EmergingTrendsInBusinessManagement

Beat Your Competitors To New Business Growth with BusinessRiskTV

Grow Your Business With Us
Grow Your Business With Us
Strategy to compete with competitors
Discover How To Beat The Competition In Sales

Promote and market your business on BusinessRiskTV for 12 months

Cheap ways to promote your business

Find out how to promote your business locally and globally. CLICK HERE or email [email protected] entering code #EmergingTrendsInBusinessManagementMarketing

Put your products or services in front of new people already interested in your type of business offering before your competitors do.

Link into your existing online sales process direct from BusinessRiskTV or use our eCommerce solutions to increase your sales cash flow and profit.

Increase the sources of your revenue streams more sustainably. Grow your business faster with BusinessRiskTV.

Emerging Trends In Business Management Directory

  • Want to list your business on our Emerging Trends In Business Management Directory?
  • Are you running any deals discounts or special offers on emerging trends in business management you want more people to know about to grow your business faster?
  • Could you write an advertorial on emerging trends in business management to promote your business products or services whilst informing our readers?

Reach more new customers with BusinessRiskTV.

Northern Powerhouse Risk Management Online Seminars

Click on Register Now or email [email protected] entering code #EmergingTrendsInBusinessManagementDirectory

MarketplacesExhibitions
Save MoneyRisk Magazine
Discover new ways to protect and grow your business with BusinessRiskTV

BusinessRiskTV #EmergingTrendsInBusinessManagement #EmergingTrends #EmergingTrendsInManagement #RiskMag #RiskMagazine #RiskManagementMagazine #EmergingRisks #HorizonScanning #RiskTrends #RiskWatch #BusinessIntelligence #BI #SupplyChains #BusinessManagement #EmergingTrendsInBusinessManagementMarketing #EmergingTrendsInBusinessManagementDirectory

BusinessRiskTV Emerging trends in business management

Business Risk News BusinessRiskTV Risk Management Articles and Videos

Risk and insurance news on BusinessRiskTV

Subscribe to BusinessRiskTV business risk management news bulletin to inform your decision-making.

BusinessRiskTV.com Free Subscription Online
Subscribe to BusinessRiskTV.com for free

Why is risk management in the news today? Latest business risk management news headlines opinions and business reviews. Top business videos live and on demand. Pick up tips advice and support to inform your business decision making process. Network with key business risk management thought leaders around the world.

Subscribe to BusinessRiskTV Business Risk News for free to receive alerts and bulletins

Breaking News on BusinessRiskTV.com Online Live News Alerts
BusinessRiskTV News Opinions Reviews

Enter code #BusinessRiskNews

Promote and market your business on BusinessRiskTV for 12 months

Cheap ways to promote your business

Put your products or services in front of new people already interested in your type of business offering before your competitors do.

Find out how to promote your business locally and globally. CLICK HERE or email [email protected] entering code #Marketing

Link into your existing online sales process direct from BusinessRiskTV or use our eCommerce solutions to increase your sales cash flow and profit.

Increase the sources of your revenue streams more sustainably. Grow your business faster with BusinessRiskTV.

AcademyMarketplaces
ExhibitionsRisk Magazine
Discover new ways to protect and grow your business with BusinessRiskTV

#BusinessRiskTV #RiskNews #RiskManagementNews #RiskManagementReviews #RiskManagementOpinion #TopBusinessVideos #BusinessRiskNews #Marketing

Business Risk News BusinessRiskTV Risk Management Articles and Videos

Top Business News Today Latest Financial Market Economic News

What do you need to know today too protect and grow your business with less uncertainty with BusinessRiskTV

Subscribe to Top Business News Today for free alerts and bulletins

What business and economic news do you need to know? Understand new financial market and economic developments better. Inform your business decision making to reduce uncertainty impacting on your business objectives.

Enter code #TopBusinessNews

Promote and market your business on Top Business News for 12 months

Benefits of proactive risk management

Celebrate Your Online Business Growth With Pro Risk Manager

BusinessRiskTV Top Business News Commentary and Review

Latest business financial market and economic news commentary corporate risk analysis. Read the top business news stories and watch video reports online. Follow live news updates and highlights.

The place for free country risk and industry risk executives business leaders and risk professionals.

  • Share business risk insights and experiences
  • Ask for risk management guidance
  • Build valuable business connections

You can find country or industry groups to join by using the search feature on this website. You could also create your own networking group business club or web page to market promote and advertise your business.

Once you subscribe for free you are able to join like minded members in online conversations live discussions workshops and training. Find answers to your business questions.

Contribute to BusinessRiskTV.

Subscribe for free business financial market and economic news alerts bulletins and video news reviews

Get latest breaking news business news financial and investing news and more Konline for free.

Top Business News Today

Subscribe for free business financial market and economic news alerts bulletins and video news reviews

Recommended

Risk AcademyBreaking News
News HeadlinesLive Streaming News

#BusinessRiskTV #TopBusinessNews #TopEconomicNews #TopFinancialNews #News #NewsHeadlines #NewsOnline #NewsReports #NewsReview #NewsMagazine

BusinessRiskTV Top Business News Today Latest Financial Market Economic News

Live business market and global financial news updates

Latest business news UK with latest financial news on BusinessRiskTV

Subscribe to BusinessRiskTV Live for free live alerts and ondemand bulletin posting to read and view at your leisure

Real time business and economy news and analysis of financial markets. Live news coverage of the latest risk events the marketplace and the economy. Access free risk analysis to understand the potential impact on your business form our risk experts around the world.

Enter code #BusinessLive

BusinessRiskTV Online Digital Streaming Business Network

Increasing live business and economy analysis programming. Online live business meetings with business leaders and commentators. Overcome business problems with risk management experts.

Get all the latest business and economy news:

  • UK Business News
  • Markets News
  • Financial News
  • Economic News
  • International Business News

Listen in to expert business risk management commentary.

BusinessRiskTV.com BusinessRiskTV

Global Business Insight Local Business Knowledge

Subscribe to receive alerts to upcoming live online programmes

BusinessRiskTV.com Free Subscription Online Business Live

Subscribe to BusinessRiskTV Business Live

Business financial data and risk insight

Using business enterprise risk management tools to help inform business leaders. Pushing the boundaries with pioneering new formats to reach more people in UK and beyond. Connecting with business leaders and entrepreneurs around the world.

Live video streaming for business will help identify assess and control corporate enterprise risks.

Enterprise RiskManagement ERM Live Online

Collaborate and trade with people for mutual benefit

Looking for online business reporters and Citizen Journalists to expand the pool of providers to this online channel. Communicate online to a broader range of consumer audience and business key decision makers.

Business Journalists

Become an online business and economy reporter

MarketplacesExhibitions
DealsRisk Magazine

#BusinessRiskTV #BusinessLive #BusinessNews #BusinessReview #BusinessReports #EconomicNews #EconomicReview #RiskAnalysis #BusinessAnalysis #BusinessMagazine #BusinessOnline #BusinessMarketplace

BusinessRiskTV live business market and global financial news updates

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

Understand your future business threats and opportunities better with BusinessRiskTV

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.

Innovative Growth Forum - Business Disruptors Tips Advice Support

Subscribe to BusinessRiskTV.com and enter code #BusinessDisruptors

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.

Professional Risk Management Services

Pro Risk Manager Service

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.

How To Increase Sales More Sustainably In Business

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

Mitigating Threats Maximising Opportunities

Improving business performance with BusinessRiskTV.com

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

Guide To Business Enterprise Risk Management ERM

Risk Appetite and Risk Tolerance

Enter code #RiskTaking

Minimised Threats Maximised Opportunities

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 Opportunities and Threats

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.

Business Risk Partners

BusinessRiskTV Risk Partners

BusinessRiskTV works with partners and clients to maximise the opportunities and minimise the threats to business objectives.

BusinessRiskTV Mitigating Threats Maximising Opportunities

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

Understand what your key threats and opportunities really are with BusinessRiskTV

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.

  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.

 

 

https://businessrisktv.com/enterprise-business-risk-management-partners/international-risk-specialists/

Then take action to reduce the risk of failure

What is achievable in your business?

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

Understand Key Threats And Opportunities

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.

Get Help To Grow Your Business

Get Help To Grow Your Business Faster – BusinessRiskTV.com

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.

Strategy to compete with competitors

Discover How To Beat The Competition In Sales

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.

BusinessRiskTV.com Free Subscription Online

Business Risk Management Help Tips Advice Support

BusinessRiskTV Pragmatic Practical Business Solutions For Your Biggest Business Problems

Business Live

Connect with business leaders with BusinessRiskTV.com

What must you know today to manage business threats and seize new business opportunities.

BusinessRiskTV Business Live

Executives business experts and influencers join BusinessRiskTV to discuss the key threats and opportunities in the world of business.

Looking at the global business stories with business risk live TV online.   BusinessRiskTV helps business leaders identify and assess enterprise wide risk exposure and then manage risk better.

BusinessRiskTVs news and current affairs programme with original stories, exclusive interviews online audience debate and breaking business and lifestyle news.

BusinessRiskTV with live coverage of business breaking news and lively debate on the big business issues of the day.

Stay up to date on the days top business and lifestyle stories with the latest breaking news as it happens.

On our daily blog and vlog we provide live business and lifestyle news coverage of the latest events. Gain risk insight. Develop your business knowledge. Tap into business intelligence including financial markets the global economy and corporate developments.

React to business news and developing corporate issues. Watch business risk analysis from global business experts.

Learn the top things you need to know about your personal finance and corporate financial news. Whats happening in the global economy that can affect your business objectives. Make your life and business decisions easier because you will be more informed.

Subscribe for free to Business Live for upcoming live online broadcasts you can watch on your phone laptop PC or TV

BusinessRiskTV.com Business Live

Business Risk Live Online

Take More Risk With Confidence To Boost Your Business Performance

Collaborate with business risk experts around the world to manage business risks better. Keep up to date with the latest UK economy news and global economic outlook. Network with top business leaders locally and globally.

Keep up to date with latest Business Live articles and videostream trending on BusinessRiskTV

MarketplacesExhibitions
Save MoneyRisk Magazine

#BusinessRiskTV #BusinessLIVE #BusinessRisk #BusinessNews #BusinessOnline #BusinessMarketplace #BusinessTips #BusinessAdvice #BusinessAnalysis #BusinessReview #BusinessToday

BusinessRiskTV Business Risk Live Online Today