Be confident in your business decisions with BusinessRiskTV.com
This will help you to aggressively move toward increased business success. Increasing your risk knowledge does not mean you know everything. It does mean you can trust your ability to figure out the gaps in your business management system.
Increasing business confidence boosts the clarity of vision for your business. It increases your ability to set and achieve business goals.
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Before you can take more risks to achieve more you need to be aware of your risk management capability now. Make more intelligent and informed business decisions with enterprise risk management methodology. Engage your whole business more in achieving your business objectives.
Taking more controlled risks can help your business grow and become more successful faster.
Recommendations to fix your business decision making process include:
Engage all levels and all areas of your business in decisions
Use a consistent decision making method across strategic operational and project risks
Train your employees in enterprise risk management methodology and embed it into your business decision making process
Use enterprise risk management to set your business goals
Focus all business decision making on achieving your business objectives.
Understand the risk management culture you currently have and what risk management culture you want
Understand the context of the environment your business has to operate within
Understand the concepts and problems associated with Risk Perception and ensure your risk assessment process accommodates real risks after changing risk perceptions
Developing your risk knowledge requires the building of your business intelligence so you are aware of the internal and external risk factors impacting on your business objectives.
As you become more confident in your judgement managing business threats and opportunities will become easier and quicker. Use enterprise risk management tools and techniques to boost your business performance. Increase your confidence to take more controlled risks to be more successful in business.Identify the risks to benefit your business and take them more confidently. Get your employees to buy into your business objectives and engage fully with your business plans.
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Business success normally only comes for those who take a few risks. However taking more risks does not automatically exposing your business to unacceptable risks necessary to beat the competition.
Open your business up to new business development opportunities and manage the risks that flow from this better
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You might there are better ways to do what you already do in business or find ways to do new things to grow faster.
Risk Appetite and Risk Tolerance
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Develop leaders in your business. Build your business intelligence for better business decision making. Become more proficient at enterprise risk management ERM. Improve your expertise and business competence. Finesse your risk management process. Understand your readiness to take more risks to achieve more in business. Be more savvy with your risk knowledge. Use latest risk management techniques.
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Structure management meetings to make real decisions. Make progress do not maintain status quo. Move your business forward with a meeting. Make sure your decision making meeting works well for your business.
Having too many meetings decreases productivity. A boost to productivity can be facilitated by reducing the number of meetings and making each one held more venues for better decision making. Manage meeting process better and keep meetings short.
Academics from the University of Malmo in Sweden say meetings provide an outlet for people at work to show off their status or to express frustration.
BBC Report
Managers should have clearly defined roles and accountability that they have agreed to and these should be directly linked with the strategic operational and project objectives of the business.
Just because you have manager in your job title does not mean the best thing for the business is to be in meetings constantly. Especially if at the end of a meeting not decision has been taken on the subject of the meeting.
However the BBC report says that the professor things meetings are good because they allow the business to assert power and direction over those attending the meeting. Surely meetings should be about engaging all those attending the meeting in solving a specific problem or problems the meeting has been called to address. Address means there must be decisions taken on how to resolve the issues raised otherwise they are just talking shops and can actually be more destructive than constructive.
If dissatisfaction with the business is to be allowed it should be in the understanding that you bring a solution to the problem you are complaining about not just a problem.
Find ways to grow faster and protect your business better
Effective meetings can produce better business decisions. Not all decisions made at a meeting will be good decisions. Having decided a meeting is needed make sure the potential benefit from the meeting is not missed.
Make sure ever attendee properly prepares for the meeting. Make sure what decision needs to be made is clear before the meeting and what is expected from attendees.
Make sure it is clear that people are attending not to talk about the problem but to make a decision on a specific issue.
There maybe more than one option to consider and decide on the best decision. Make sure the options are clear before the meeting.
Make sure there is a written meeting agenda and a clear idea of what decisions are needed. Make sure all attendees are suitable informed about the meeting subject matter. Send out agenda before meeting.
Holding short meetings are better than long ones. Shorter meetings should help focus minds on the key issues at hand. Short meetings can focus the energy in the room on finding business solutions not issuing direction or showcasing managerial power.
Our online breakfast meetings are highly focused on finding best business risk management solutions for your business
For anyone who has in interest in enterprise risk and risk management : explore the challenges and rewards faced by all risk managers
Our Global Risks Symposium saves time and money finding the best business management solutions for business leaders within a country or industry. Find the best risk management solution for your specific business problem. Our risk experts and your peers find practical solutions to most business issues.
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Understand business risks. Explore the key factors that lead to successful business. Apply the relevant risk management measures. Take the risk first before the competition clicks on.
There are a number of key factors that led to successful business. Successful business leaders understand that being in business is about managing the risks from change. Unsuccessful business leaders tend to blame their failures on economic climate changes and their successes on their brilliant business management skills!
The UK retail sector is suffering major painful changes. Tens of thousands of jobs have been lost as major retailers collapsed or contracted. Yet the UK retail marketplace has some examples of major retailers bucking this trend blamed on the UK economy by unsuccessful retail business managers.
By applying their risk management knowledge successful businesses can act quicker and with more confidence it will work out
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Not taking risks is not an option for most business leaders. However many risk factors coming together can appear daunting. Enterprise risk management looks at the big picture and helps you identify the steps to a better business in future.
Find out how to improve your chances of business success with BusinessRiskTV. Take calculated risks to help your business grow faster with less uncertainty. Embrace change and the risks to your business.
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Every business faces risks that could be a threat to its success
The business leaders who are better prepared for these risks and have a cost effective risk management plan and business strategy are more likely to be more successful.
Develop a suitable risk assessment process to assist with your risk management plan preparation. Review your existing risk management process to ensure it is fit for purpose in a rapidly changing marketplace. Successful entrepreneurs have a good strategic operational and project risk management attitude and business culture that is flexible enough to cope with any economic environment.
Improve your risk management process. Mitigate threats or seize new opportunities more quickly. Simplify your enterprise risk management ERM process.
Introduce a framework for your business to use an enterprise risk assessment process to reduce uncertainty. Make quick well informed business decisions. Take a systemic risk based approach to manage enterprise risks more effectively.
Use an enterprise risk management business strategy to inform your decision making process
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Adopt an holistic approach to business risk management. Develop your risk knowledge and improve your risk management capability. Better business decision making will build long term business resilience regardless of the economic environment. Develop a more structured approach to making business decisions.
Enhance strategic operational and project decision making with enterprise risk management ERM
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Increase your ability to prioritise your business resources for best effect on your business objectives.
Learn how to make better decisions at work. Use decision making facts in enterprise risk management process to make better decisions. Network with top business leaders locally and globally to inform your decision making process.
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If you are responsible and accountable for key business decisions change your business decision making process to make quicker decisions with more confidence. Focus on the critical issues impacting on your business success or failure. Make the best decision possible with the most amount of available risk information.
Identify the critical risks impacting on your business objectives
To make business decisions quickly you need to aim for holistic benefits rather than perfect outcomes
Create a solid risk based decision making process you can rely on
Make tough decisions faster with more confidence. Make the right choice from available decision options based on what you want to achieve in business.
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Make business risk based decisions on issues with best business protection and growth outcomes. Make better faster business decisions.
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Make the best decisions possible living in the real world. Do not try to make business decisions based on the way you want the business environment to work.
How to develop a business strategy plan with BusinessRiskTV.com
Need a better business strategy for success? Find out how to develop a better business strategy. Network with top business management thought leaders locally and globally.
How to develop a business strategy with risk based approach to protection and sustainable growth
Developing a business strategy with a risk based approach reduces uncertainty. Reducing uncertainty boosts business performance for the long term.
Developing a business strategy for sustainable growth. Tackle both the threats and opportunities to your business. A holistic enterprise wide integrated risk based approach to decision making.
Build your business on more solid foundations
Your new practical business strategy will use our practical approach to holistic enterprise wide risk management ERM. Adopt our guided enterprise risk management approach when taking strategic operational and project decisions.
We will help you create a roadmap for the greater success of your business. Invest your time skills and energy with less uncertainty of the outcomes.
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Enterprise risk insight for businesses in London. Build resilience and business intelligence to inform decision making. Engage your workforce more in your business objectives. Network with top business thought leaders to grow faster.
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Online events for top business thought leaders for London
Bringing together thought leaders to protect businesses better and expand faster. Influential business decision makers collaborating for mutual benefit. Providing extensive networking opportunities to meet and engage with your peers.
Overcome barriers to doing more business in London and beyond
Learn about working with your peers to achieve more together. Expand your business contact network.
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How to make strategic alliances work? We will develop win win collaborative work and projects success. BusinessRiskTV.com will forge and manage all strategic alliances.
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Successful Strategic Alliances On Business Resilience and Growth
Our strategic alliance process
Identify the measure of success outcome each partner wants
Plan the work to ensure success delivered for all parties
Monitor and adjust final project outcomes to maximise performance
Strategic partnerships to strengthen your business resilience and find new opportunities for business growth
Practical tools and techniques to produce sustainable ways to increase sales.
Adopt risk based decision making process.
Learn about best working practices
Forge new business alliances with business leaders locally and globally. Effective partnering will achieve your company objectives with less uncertainty.
Planning A Strategic Alliance For Your Business
Wherever you are. Whatever industry you work in. Whatever you want to achieve. There is a business alliance to create here
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Do the groundwork to cultivate better business outcomes
Learn more disciplined risk based approach to business decision making. Doesn’t mean a less innovate or creative business. Does mean readying your business to take advantage of opportunities.
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Achieve best practice in strategic planning operational and project management.
Increase Sales
Reduce Losses
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Use new tools and techniques to achieve management best practices. Learn more about the best ways of working. Achieve your business goals more easily more predictably.
Best Practices In Business Management
Develop new business management practices for greater success. Unlock new growth for your business with less uncertainty. Build stronger business resilience.
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Our business intelligence tools and techniques protects your business better. Grow more sustainably with less uncertainty. Look to the horizon to see the threats and opportunities. Put in place the best risk management action plan.
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Analyse emerging risks and developing existing risks
Develop your knowledge of your target country corporate risks
Cover risks across many sectors of business
Understand specific business risks better
Gather organise and analyse corporate risk information. Inform your business decision making. Make better decisions.
Assess the pros and cons of your current business strategy
Measure the upside and downside risk of your business strategy. Use a holistic risk based approach to reduce uncertainty. Develop business intelligence techniques for better decision making.
Process of business opportunity identification and evaluation
Optimise Risk For New Business Opportunities For Your Company
Identify and evaluate all the opportunities for a better future for your business. Proactively keep all business opportunities under review and assess the potential outcomes of pursuing each opportunity. Focus your resources on winners using a risk-based decision-making process. Optimise the return of your investment of time and money. Create greater value and optimise outcomes.
How do you become more successful as a leader? The answer is to reduce the risks and maximise the opportunities for our company.
It is most certainly a challenge to grow a business faster with less uncertainty, but that is what we help business leaders do. Don’t miss out on the new opportunities for your business to grow faster. Minimise the extra threats from taking more risk and maximise the opportunities for your business with your existing resources.
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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.
Your brand maybe vulnerable to others who have been thinking differently, or from changes to the marketplace. It may fail cause your performance ain’t good enough, or because your competitors change the rules of the game.
How you fail may not matter too much after you’ve failed. It will be too late to consider what you are doing wrong. Kodak didn’t want to change when they had to change to survive. They were making too much money from photographs to change to embrace digital photography. Market changes can kill the best businesses.
The best form of defence is often attack
Being more innovative or creative can be frightening. Picking the wrong horse in a paddock of new opportunities can be very costly. Innovation can also be exciting and highly rewarding.
We aim to make innovation for you more exciting and rewarding as well as reducing the uncertainties that accompany innovation and creativity. Disruptive innovators can draw on our tips advice and support to become more successful with more certainty.
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BUSINESSRISKTV DISRUPTIVE INNOVATION BUSINESS GROWTH OR PROTECTION
Risk management tools and techniques too support enterprise risk management framework
Upgrade your framework for implementing risk management. Pick up more information on designing the risk management framework that supports your risk management process. Define your risk management framework for supporting enterprise risk management principles and practices. If you have the mandate and commitment for enterprise risk management from the top of your organisation you can begin building the risk management framework to make the risk assessment process work well.
Get help restructuring your risk management framework
You need to clearly define where you are now and where you want to be including the benefits you want from embarking on embedding enterprise risk management.
What is the context or reasons for wanting to change the way you manage risks?
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Develop you own risk management policy and communicate it to all stakeholders in the business. Work on what you need to do to embed enterprise risk management within your normal business decision making process.
Implement your new enterprise risk management framework
Implement your chosen risk management process
Monitor review and update your risk management systems
Constantly work at improving your risk management framework.
Your risk management framework should clearly define how you are going to communicate your enterprise risk management policy and procedures. Key people in the enterprise risk management framework should have clearly defined roles and responsibilities to support the risk management process.
Your risk management strategy should set out the objectives that risk management activities in the organisation are seeking to achieve.
Create a risk management framework to support better enterprise wide decision making
Create a risk management framework to support better enterprise wide decision making
Recommended enterprise risk management articles and videos
Read more about governance risk and compliance GRC
How to manage risk in business with BusinessRiskTV.com
Is your business taking too much or too little risk? Have more confidence in your business risk management decision making process. Improve your business performance and build business resilience.
Assuming you are managing enterprise risks well can be dangerous
You might be taking too much risk unknowingly but you might also be taking too little risk and failing to make the best use of your business assets.
Risk Appetite and Risk Tolerance
How confident are you that you are managing enterprise risks cost effectively?
What are the hidden costs of your failure to manage risk properly
Missed opportunities cost
Over protection of business wasting resources and increasing your costs
Under protection leaving you exposed threatening your survival or prosperity and stopping you getting a quiet night’s sleep
Can you demonstrate to your business stakeholders that significant enterprise-wide risks are being effectively managed? Have you a balanced risk -reward risk management plan that prioritises the allocation of resources for best potential effect on business objectives? When was the last time you reviewed your enterprise risk management plan?
Controlling the risks in the workplace is not just about safety and business insurance. Your business must control enterprise wide risks. What is the aggregate effect of risk on your business objectives? Do you understand the threats to objectives and the opportunities you have in front of you?
Find out how enterprise risk management can help you monitor your overall business’s performance
Identify and manage both external risk drivers and internal risk drivers impacting on your business success.
Improve your risk knowledge to solve business problems today and in future
Do you have confidence your business is ready for emerging risks?
We are only at the beginning of the 4th Industrial Revolution. Many jobs are going to disappear. Many jobs are going to change. Businesses that don’t change to reflect emerging risks will not survive the rapid changes that have started but will accelerate over next few years.
Prepare Your Business For The Fourth Industrial Revolution
Maximising business opportunities for growth
There is a yin and yang to all threats and opportunities.
Every threat comes with an opportunity to change for the better.
Every opportunity comes with a threat that the new will destroy existing value.
Business decision makers have tougher choices now than many recent business leaders have faced and many choices may threaten survival if you choose badly. Making good choices could also drive your business forward much faster than recently possible due to the financial crisis of 2008 and recovery therefrom.
Have you identified and assessed your enterprise wide risks?
What have you done about the more significant risks to your business objectives? Managing risk is increasingly central to the art of business management. It is not a science. What is right for one business may not work for another in the same industry. Much will depend on the leaders of each business within the same industry.
Enterprise Wide Risk Assessment For Faster Business Growth With Best Use Of Business Assets
Give your managers more confidence in your company to prperly assessing all the signiciant business risks to your organisation.
There is a risk to every business decision you make. Systematically look at all the risks across your business to enable you to focus your limited resources on the options most likely to boost your business performance, productivity and profitability.
Armed with the right risk management tools and techniques, risk knowledge and business intelligence you can manage risk more cost effectively more successsfully.
Improving enterprise risk management to boost business performance with BusinessRiskTV
How mature is your enterprise risk management system? Could improving your enterprise risk management framework and risk assessment process improve your enterprise performance?
How do you develop and improve your enterprise risk management model
Your enterprise risk management framework is critical to embed cost effective enterprise risk management principles practices and procedures to protect your business better and grow it faster. Apply an improved ERM framework to aid improved strategic operational and project risk outcomes to support improved business performance and sustainability with less uncertainty.
Build a more holistic integrated risk based decision making process
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Achieve more with existing business assets.
Could you boost your enterprise risk management ERM capabilities?
Business leaders face new challenges to their business survival and prosperity on a daily basis. Our service will help you to build your enterprise risk management ERM capabilities for free.
Grow your risk knowledge and risk intelligence enterprise wide with the help of BusinessRiskTV. We can help you complete a business health check of your ERM capability and provide tips help and support you to grow your understanding of ERM in a practical way that brings improved productivity and business performance.
Preserve and grow the value of your business with help of BusinessRiskTV. Enhance your enterprise wide risk awareness to improve your business decision making process.
Dynamically respond to internal and external risks for better risk management outcomes for benefit of all stakeholders in the business.
We will help you to put the enterprise risk management ERM theory into practice to help you achieve strategic operational and project objectives with more certainty.
Our ERM capabilities oversight will enable your business to adopt a more practical more cost effective approach to risk mitigation, and seizing more new business opoortunities.
Take the ERM capabilities business healthcheck to find out your enterprise risk management framework maturity level. When you have benchmarked where your business is now you can work on enhancing your enterprise risk management ERM capabilities.
Changing your decision making process will help managers and business owners achieve performance and profitability targets with more certainty. Improve your risk management capabilities with help of BusinessRiskTV.
Are you looking for practical advice on how to develop and embed your enterprise risk management ERM capabilities?
Most businesses have room to continuously improve their ERM capabilities for the purpose of improving overall business performance and enterprise wide risk management with more certainty.
Subscribe to BusinessRiskTV for free for alerts to the latest enterprise risk management ERM news, opinions and product reviews.
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Improving business performance with BusinessRiskTV.com
New Business Strategies Are Increasingly Important To Be More Successful For Longer
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.
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.
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.
BusinessRiskTV works with partners and clients to maximise the opportunities and minimise the threats to business objectives.
How to grow a company successfully with BusinessRiskTV.com
Could you manage your business risks better? Maybe more cost effectively? Could you grow your business faster?
Learn New Risk Management Techniques In Business
Common business risks facing your business could be managed better. Learn new ways to manage risk more productively with more certainty.
Running a business can be very satisfying but it can also be dangerous for the health of your finances! Potential risks will present ways to threaten business survival or reduce profitability. Other risks may present opportunities to grow faster. Both types of risk need to be managed to maximise your success both personally and corporately.
The business environment sets the scene for successful businesses it does not dictate your success or failure
Anyone can cross their fingers and hope for success but clever business leaders don’t leave their success to luck!
Not everything is going to go well no matter how hard you plan things. Life often gets in the way of the best business plans! In the real world you have to take calculated risks to achieve more than the next business leader who is risk averse.
Drive Your Business Forward With BusinessRiskTV.com
How do you get the enterprise risk balance right though?
There are many ways to get the right enterprise risk management ERM balance right. First of all you need to know where you are now and how much of an appetite for risk your key decision makers have.
Once risk appetite and risk tolerance are clear then the culture of risk management can be tailored to strike the right risk management balance for your organisation.
How to identify manage and control the effect of risk on your business objectives
Some risk has to be accepted. How much? What is not acceptable has to be managed. How will risk is managed will dictate how sustainable your business will be in future as well as how successful it will be.
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Know with more certainty what your business could achieve if it makes some changes.
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.
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.
You could develop a new business strategy for success that is less complicated, cheaper to implement and brings greatest rewards if you change your thinking about business management.
This could be a pivotal moment for your business
You either know exactly what you need to do today to change your business trajectory or you may need a little outside help. BusinessRiskTV can provide that help. If you do not need help we wish you well for the future. If you do need help get in touch below and tell us what you need help with.
Business Risk Management Help Tips Advice Support
BusinessRiskTV Pragmatic Practical Business Solutions For Your Biggest Business Problems
The risk management team or department should facilitate improved enterprise decision making to boost business performance. Risk management principles practice and process should increase the efficiency and effectiveness of the business. The business leaders will be able to take more risk consciously as opposed to unconscious acceptance of higher risk levels.
What is the right level of risk will depend on the risk appetite and risk tolerance of the business leaders. There maybe nothing wrong with a high corporate risk exposure to achieve business goals and objectives as long as you know how exposed the business is and put in suitable risk control measures.
iso 31000 Risk Management Principles and Guidelines
Adopting the principles practices and processes of iso 31000 will increase the likelihood of a business strategy being a success. It will also reduce the level of uncertainty that can accompany more challenging business objectives.
ISO 31000 Risk Management
Enterprise risk management is not a once in a business lifecycle activity. It is a continuous activity that supports business development and implementation of a more risk aware business strategy.
Enterprise Risk Management Framework
Use an enterprise risk management ERM framework to help you develop an effective business management strategy that protects your business assets and helps you grow faster.
A robust enterprise risk management framework will help embed a more risk aware culture up and down the organisation.
An effective risk management system will require a clear role for the risk management function in the business. The risk management function in the business can only develop added value for the organisation if it is fully supported in the boardroom. With the board behind the risk management function, all levels of the organisation will develop enhanced risk management capability enhanced by the risk manager or risk management team.
The risk management function will support corporate governance and risk oversight but cannot control corporate risks on its own.
Risk Management Function Supports Risk Identification Risk Assessment and Risk Control
However the risk management function does not control corporate risks on its own.
The risk management function is integral to the risk management process but it isn’t the sole component of the risk management process.
The risk management function educates informs and trains all levels of the organisation to assess prioritise and control corporate risks. It enables business leaders to manage enterprise risk better.
The risk management function helps to develop and embed risk control techniques to reduce the likelihood of losses and the size of losses. It should also identify, assess and help seize business development opportunities.
Do you want help developing your enterprise risk management function?
Developing better risk management strategies and processes with BusinessRiskTV
Get Help To Protect and Grow Your Business
Access risk management solutions for your business or enterprise. Improve your inadequate failing or poorly performing business processes people or systems. Protect your business better from external and internal risk factors.
Risk Consulting and Training Services
Enhance your risk based decision making and improve the risk management capability of your key assets your employees
Upgrade your operational risk management strategy. Ensure your operational risk management strategy supports your strategic business enterprise goals. Protect the reputation of your business brand.
Build on the stability of your business to date and grow faster with less uncertainty.
Identify evaluate and mitigate all commercial risks
Develop your risk management insight and enterprise risk management knowledge. Support your existing business intelligence development processes with the help of BusinessRiskTV
Be aware of your environment. Connect with yourself and the life you are leading better. Grow into your life for greater fulfilment.
Mindfulness For Business Leaders
Leaders in business may benefit from learning more about mindfulness
Your not working alone!
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Lloyds plc CEO is recently reported in Financial Times to have advocated the use of mindfulness for himself and his executives.
The pressure of life can kill you if you do not change the way you think. CLICK HERE to find out more or email editor@businessrisktv.com
The Job Can Kill You
Antonion Horta-Osorio was interviewed by Financial Times and he said the stress of the job nearly broke him within months of becoming the chief executive of Lloyds bank at perhaps one of the banks most risky times. The bank had narrowly avoided total collapse and nearly half of it was taken into public ownership by the UK government.
The CEO had to seek psychological support and advice to prevent a possible nervous breakdown. He realised he was not Superman and sought the guidance of a psychiatrist. Prior to his near breakdown he hadn’t looked after his mental health enough. He was speaking out to raise awareness of mental health problems at work.
From the CEO’s own experience he is now introducing a programme for his senior leadership team of 200 executives to make them aware of the measures the CEO learnt including mindfulness and psychological testing. From these executives, it is hoped that the culture within Lloyds will change to prevent people further down the organisation quitting especially at a time where there is a skills shortage.
Not only could this improve the lives of all Lloyds staff, it could boost individual performance retain staff and boost corporate performance.
Mindfulness Business Training For Executives
There is a business value for mindfulness. Practising mindfulness can help prepare you to become a more effective business leader for your own benefit and for the benefit of the enterprise.
Become more personally resilient so the business is more resilient
Reduce your own stress and the potential stress on the business should you not work productively, or at all
Increase your emotional involvement in life and the life of your business
Work with mindfulness techniques and tools to improve teamwork and business results from more coordinated risk management practices. Develop your own mindfulness knowledge and increase the corporate mindfulness for a more resilient enterprise. You might even become a better leader with mindfulness training and development.
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Conformity Of Global Financial Leaders Led To 2008 Financial Crisis
Global financial leaders made faulty decisions because as a group they lost touch with reality and had an inherent poor moral compass. That has not changed.
Global Leaders Poor Moral Compass Will Lead To Next Financial Crisis
The financial services industry is like a cartel. It deliberately publishes false economic risk analysis and critically evaluates global risks to benefit the financial services preferred strategic direction. Such groupthink is creating business decision making that will lead to financial failure yet again.
The City is thinking as one to protect The City not to develop a sustainable UK economy. It is fighting to protect itself in the short to medium term. If it succeeds it will miss the opportunities for more rapid business growth and the UK will miss out too.
The financial services industry is a highly cohesive and organised sector of the economy which is massively supported by the media and politicians.
Enlightened Holistic Risk Management Framework and Risk Assessment Process
The saviour of capitalism is the full adoption of enterprise risk management ERM principles and practices.
Enlightened Holistic Risk Management Framework and Risk Assessment Process
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Use A Simple Business Decision Making Process That Tries To Stop You Being A Loser
Doing the dull things well can be more sustainably successful than trying to come up with the best thing since sliced bread
Better Business Protection Faster Business Growth
Many business leaders look foolish after major risk events that destroy business value
Ill advised actions or inaction can often have been avoided if only business leaders made straight forward decisions to reduce uncertainty.
After the risk event investigations normally discover ludicrous decisions were taken that were more likely to cause a damaging risk event than the shortsighted manager’s would have you believe. They were either incompetent or reckless.
Rash business decisions do not have to be taken by unintelligent human beings. They are normally made due to a deficient decision making process than dim business leaders.
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Key To Faster Business Growth
If you do not grow you may not survive
Most businesses lose business for existing customers. You can lose revenue from existing customers for a variety of reasons not all within your control. You are business could die a death of a thousand cuts. Gradually losing many customers over long period of time.
To survive and prosper you need to grow your customers. Either more income from existing customers or find new customers to sell more to. What is your strategy for business growth?
The right key for your business may differ slightly from the key that works for another business. BusinessRiskTV can help you find the right key for driving your business performance to greater business success.
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The risks that surround growing your business faster can be as daunting as the risk of an event interrupting normal existing business activities. Our holistic risk management approach will manage upside and downside risks better to help upgrade and expand your business with more confidence in your decision making. Improve the outcomes from your preferred business choices.
We can help you get it. We know you are passionate about growing your business. We are passionate about helping you grow your business faster.
We’ll help you ask the right questions of your business and help you find the answers. More than that we will help you implement the actions needed to make your business more successful.
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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25th June 2020 International Monetary Fund IMF Says Global Economy To Shrink Nearly 5 Percent In 2020
The IMF is now predicting a deeper global recession caused by the coronavirus pandemic. Even if the spread of the virus reduces which it is not consumers will be too frightened to spend at the same level as prepandemic. This will hit the the global economy hard.
8th June 2020 World Bank Forecasting COVID-19 Pandemic To Shrink Global GDP By 5.2 Percent In 2020
The forecast if it is right will be worst global economic contraction since World War II. The World Bank is forecasting global economic growth of 4.2 percent in 2021.
26th May 2020 The Second Wave Is Often The Biggest Killer
Going back centuries we can see that it is often the second wave of infections that kill more people than the first hit of the pandemic. While some countries are getting to grips with the Covid19 pandemic others have yet to feel the full force of the new deadly virus.
The game changer will be a vaccine but without that most countries will experience second third or more waves of Covid19. How big these waves impact will depend on learning the lessons from the first wave and not repeating the same or similar mistakes.
A large second wave of the virus with run away exponential spreading that forces reinforcement of social and economic lockdown would be catastrophic. The reproduction rate in countries where the virus is under control must be kept below 1. Countries which do not have the virus under control need to be quarantined to prevent them spreading the virus back into controlled country environments.
Even without a second wave of deaths the first wave tsunami economic wave may hurt localised areas whole continents and the world:
Some countries will not be able to pay their debts built up prior to pandemic or during the pandemic.
The eurozone and wider European union could implode from within. Alternatively some weaker countries may be forced to leave for the sake of survival of the rest as a homogeneous economic unit.
Systemic banking collapse could yet occur. ItalianIndian and Chinese banks are particularly weak. However unknown weaknesses in other national banking systems could be the first domino to fall.
Corporate entities soaked in debt may have to close creating bad debt others may struggle to cope with.
Commercial and private valuations will in the short term be overpriced. Investments which have such assets are also overpriced. If there is not a V-shaped recovery in the economy then in the medium term this could create an unstable finance sector that could be a lot more damaging than lost revenue for a few months.
The political fundamentals could change when people react to the dawning that not only have thousands of people died but their financial futures are ruined for decades or perhaps lifetimes. RussiaBrazil and India could presently be smoldering in embers of political change which could affect oil prices and the global economy.
Most of all debt was a problem for many countries prior to pandemic. With the pandemic debt has been posted as the saviour. It could become a bigger killer than the virus.
14th April 2020 International Monetary Fund IMF Reports The Global Economy Shrinking 3 Percent Due To The Coronavirus Pandemic
The IMF had forecast a growth of 3.5 percent for the the global economy pre pandemic. This means the IMF is forecasting a 6.5 percent swing from growth to global recession.
The financial crisis in 2009 only saw a global recession of 0.1 percent. This economic and financial crisis is 30 times worse than 2009 financial crisis. Next year the IMF expects a massive bounce back to global economic growth. Not all businesses will survive to see it.
23rd March 2020 Global Recession Due To Coronavirus COVID19 Pandemic Is Guaranteed
The only uncertainty is whether the global economy will deteriorate so much that a long term global economic depression happens.
20th January 2020 International Monetary Fund IMF Cuts Global Growth Forecasts 2020 and 2021
The IMF is now forecasting global growth of 3.3 percent in 2020 and 3.4 percent in 2021. Risks to the global economy include:
High levels of inequality within countries and between countries
The rapid development of 4th industrial revolution technology threatening unemployment rises
High geopolitical risks and trade wars
Financial meltdown due to very high levels of debt
The IMF can see signs that some risks are stabilising but still significant threat to global growth.
9th January 2020 Now The Iran USA Immediate Threat Of War Is Dissipating The Global Economic Threat Returns To International Trade Wars
The signs are that both USA and Iran can agree to disagree again within killing thousands of people. The biggest threat to the global economy is the trade wars around the world particularly USA China trade war. Even this threat appears to be unwinding in its severity especially if they can do a partial deal soon.
If America and China can do a trade deal sign it and implement it the global economy can expand aggressively. It will be like the cork in a bottle of champagne.
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Until then and in addition to such a trade deal governments around the world need to invest heavily in infrastructure to support the global economy and prepare for rapid expansion 2021 onwards.
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The importance of leadership in business is either underestimated or played down. Your team or business functions will operate in line with the inspiration you create or fail to create. Zombie businesses can survive in most business climates, but few will thrive in the business marketplace without good leadership, either from the top, or from middle managers who pick up the baton where the actual leaders have dropped it.
Most visionary’s are made not born. That’s the good news! The bad news is that few business leaders seek to create a vision for their business that everyone else can buy into.
Whats worse is that few businesses invest sufficiently in developing future business leaders
There are many reasons for this. For some businesses, existing business leaders fear training those below them in case they walk away from the business to competitors or to become a new competitor business.
One way to overcome this fear is to share the rewards developing leaders bring to the business and not be too greedy over short term spoils of new business generated and instead look to the long term benefit of fairly rewarding key business team members.
All hugely successful organisations and businesses need effective leaders
To become a great business leader requires much more than technical business skills that say accountants and lawyers may have. Great business leaders have bundles of emotional intelligence to bring in everybody into improve business performance not just the Board.
Top business leaders are not always brilliant business managers. You can be an amazing business manager, but may never be a business leader. Often great business leaders are not in management positions. Their talent is wasted cause they never get into a position to fully express themselves for the benefit of the business as a whole and themselves.
How do you find the business leaders in your business and bring business leaders together to focus on sustainable business growth?
Enterprise risk management methodology will help in this regard. Many SMEs and large businesses can benefit from developing the leaders who will guide us to a better future.
A look at the business news headlines in most week’s will reveal examples of bad business leadership. W need to help educate business leaders better to reduce frequency of bad business events and increase the occurrence and size of business successes. How we get there does not matter too much, but too often we don’t.
Find ways to grow faster and protect your business better
Make better decisions today. Overcome tough decision-making issues faster. Make your team follow you. Lead by example but make sure everyone in your team is engaged you yours and their future.
Strategies to improve business performance with BusinessRiskTV.com
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Develop a new strategy to improve your business success. Learn how to improve business performance quickly and more profitably. Become a more innovative business and attack your competitors market share. Change your strategy to win more business and protect what you have. Grow your business faster with less uncertainty.
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