Building your business takes a lot of time, effort and money. This can be lost in the blink of an eye. Where the threats come from are not always obvious and even the obvious ones may cost more than you think.
HOW TO PROTECT YOUR SMALL BUSINESS MORE COST EFFECTIVELY
Controlling threats to your business you business can be expensive but try not controlling the threats to your business. That may cost you your business survival.
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Many jobs in the UK go unfilled due to a skills shortage. There is a widening skills crisis across the UK.
Some jobs are more in demand than others. Many businesses need people to fill their skills gap to grow faster to meet demand for their products and services. The skills gap is holding many firms back. It is impacting on the UK’s ability to be competitive in the global marketplace. UK productivity is threatened by skills gap.
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City and Guilds Survey reported in June 2018 that 9 out 10 UK employers are struggling to fill skills gap. It is the biggest threat to businesses in UK. The problem is getting worse not better.
The annual 2016 Confederation of British Industry CBI survey July has found that 69 percent of employers surveyed were concerned about not being able to find enough highly-skilled staff. The problem is worse in 2016 than it was in 2015.
Whilst it is crucially important for business leaders to invest in staff for a sustainable business model it is also important to use recruitment tools which will find the best job candidates quickly and as cheaply as possible.
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Emerging Risks and Trending Risks In Focus Now
How can CEOs senior management teams risk managers business owners and entrepreneurs make the right decisions more often? Find out whats on the horizon. Understand better the business risks acting on your business right now.
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How do business enterprise key decision makers use limited resources more cost effectively and more successfully?
The pace of business change is increasing. How many people will drive for a living in the next decade? How many people will work in warehouses in next 10 years? What new risks are emerging for businesses when the dramatic changes of 4th Industrial Revolution expected soon are commonly in place?
Cyber crime or error is just one of the threats. How should a business like Amazon react if they are threatened by a cyber criminals who say they have the capability to shut down its warehouse and distribution drones! They presumably have not but even if it was never possible how would Amazons share price react? What will this mean for Amazon’s ability to borrow to invest in its future?
Like Amazon every business has its own most threatening risks and most exciting opportunities to grow.
Both the threats and the opportunities mean rapid changes are afoot for most businesses in the coming decade. With limited resources, what should your business focus on?
Do you have the time and energy to cope especially with information overload disrupting your ability to pick the right key risks to manage and which to accept or avoid.
Change does not mean bad disruption to the norms change can bring good disruption for your business
Are you innovative? Is your business innovative? Do you have people in your business who are innovative?
Sure you are! Yes it is! Yes you do! You may not have found the best way to harness a well of innovation in your business till now.
BusinessRiskTV and its business partners will facilitate an innovative process in your business to overcome good and bad disruptive risks facing your organisation now and in future :
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Positive Risk Management
Get the answers you need to know what to do next that will have the best net positive impact on your business. What are the critical risk factors you need to manage? How viable are your existing business opportunities?
Some corporate risks are mature and well known but how does YOUR business manage them in the most cost effective way? Other corporate risks are just emerging. Do you know which ones present the biggest threats and opportunities for your business?
If you know what the key risks are do YOU oversee the impact on your business or have you delegated it?
Do others in your organisation want to seize a business advantage of your competitors as much as you do? Do your competitors want any of your existing business revenue?
No you can not do everything yourself but are you creating the right risk management culture to ensure that others are of the same mind as you?
If you are not changing your failing!
Do you currently have a sustainable business model?
Have you assessed and managed your competitive advantages to squeeze the best out of your existing resources in terms of performance?
Do you have a Business Enterprise Risk Management Road Map to make achieving your business objectives more likely?
What role should enterprise risk management play in business and not for profit organisations? Do you like enterprise risk management ERM and want to learn more. Looking for practical enterprise risk management solutions for your business?
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Leadership perspective to enterprise risk management
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.
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.