How to implement mindfulness in the workplace in a strategy to grow your business more sustainably with BusinessRiskTV.com
Mindfulness works at work. Workplace wellbeing initiatives can be productively embedded in every business to support business objectives. A mindfulness and wellbeing strategy can deliver real financial benefits to the business.
Tips on how to implement mindfulness at your workplace
Engage all employees in the enterprise risk management process. By being part of the solution employees can see how their input protects the business better and grows it faster. A healthy looked after workforce is a more committed workforce working towards business goals.
Bringing mindfulness training into your wellness and and wellbeing programme will help solve or improve health issues such as high stress levels or high rates of mental health related absence. Many more days are lost at work due to poor health than accidents. Stress in the workplace is one of the biggest contributors to poor mental health.
Investment in mindfulness and wellbeing can benefit both the company and employees
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What makes a business sustainable and profitable with BusinessRiskTV.com
Good things come to business leaders who build a resilient sustainable business. A business strategy which seeks immediate payback money may not reap returns the business idea deserves. It may not be the best idea to seek an immediate return on your investment of time and money. A longer term plan that does not demand instant results will be more stable more achievable and more flexible to take account of internal and external risk factors. It is more likely to bring greater success.
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Innovative ways to sustain your business. Identify and seize new business opportunities. Fulfil your entrepreneurial attitude and seize the right opportunities for business growth.
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Existential risks business leaders should be aware of today with BusinessRiskTV
We are in an existential crisis on so many fronts. Geopolitics threatens around every corner domestically in UK and around the world. Technology could create societal threats and even AI attacks on humans! Pandemic threats are closer than we could ever imagine last century.
However each of these threats presents opportunities to take the upside risk. Turn the threat into an opportunity to grow and prosper.
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Learn how to regain control of your business risks with BusinessRiskTV
Whether you accept avoid transfer mitigate risks or exploit risk opportunities is not straight forward. Find new ways to improve the culture of risk management to boost business performance. Increase your business success.
How do you manage risks?
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Sometimes we have to accept the risks our businesses face to achieve our goals. Taking no action to control the risks does not mean you have not managed the risk. It means you have identified and assessed it and proactively choose to accept it as the risk is within your risk tolerance and appetite for risk.
The other extreme is that you avoid the risk identified. The risk is beyond your risk tolerance and appetite for risk to pursuance of your business objectives.
Developing a balanced risk management action plan is not easy but it should be simple to work well.
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Taking the right steps to manage risks will boost your business performance with less uncertainty.
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Drive the identification reporting and cost effective management of all risks across the enterprise. Learn how to create an efficient risk management framework. See our enterprise risk management solutions for your business problems. Develop a structured approach to enterprise risk management ERM. Use enterprise wide risk management to identify assess and manage all significant business risks.
Tackle changing and emerging business risks to effectively manage uncertainty better to boost business performance
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Upgrade your risk management governance and compliance framework and practices. More effectively implement an enterprise wide risk based approach to strategic operational and project risks.
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Identify assess and manage what should be your strategic priorities. Prepare your business to achieve business goals and objectives with less uncertainty. Improve business performance.
No company can avoid business risk. Develop a better risk based roadmap. Set and deliver business strategy your business leaders want. Take into account risk tolerance and appetite for risk.
You might be set for massive business success but what is realistic in the short medium and long term?
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Strategic risk decision making in financial services industry is not complicated but it is complex. Reduce the complexity to what matters to your business in the financial services sector.
Become more efficient and productive
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Improve business performance
Failing to be innovative and creative in the financial services sector may place your business at a competitive disadvantage. However innovation and creativity brings added risk. Is that added risk with it? Enterprise risk management ERM approach will help you decide.
In addition ERM risk based decision making will help you protect your financial services business better. Align your business strategy with best practice risk management tools and techniques to reduce strategic operational and project risks.
Regulatory compliance increased investor engagement and expectations and increasingly volatile geopolitical risks makes investing for the future and management of investment risks harder
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The future of financial services industry risk management is also changing with artificial intelligence divergent regulatory controls and splintering risk culture ambitions driving changes in practice.
Keep up to date with best risk management tools and techniques to improve your business decision making. The financial financial crisis is beginning. We just do not know where it started and what we are doing wrong. However being prepared for the next financial crisis should be part of a holistic enterprise risk management approach.
Chances are that fintech will play a role in the next financial crisis. Technology risks are a key risk factor for business growth and disaster for financial services companies in particular.
Lack of need to control risks will also play a role in the next financial crisis. The financial services industry has found it near impossible to manage its own risks without regulatory control. Dissipation in regulatory control will precipitate the financial services industry lunging over the cliff.
The fact that the financial services sector has still not recovered from the last financial crisis is another reason that another financial crisis will occur. ItalianChinese and Indian banks are in particular bursting at the seems with near unmanageable debt levels. Add to that boiling frothing pot of junk political instability in EuropeAsia and Americas then you have a perfect storm waiting to be unleashed.
Should we withdraw from business or investing? Of course not. It has always been thus. It has always been about the survival of the fittest. However what has changed is that there is increased realisation that the fittest are those businesses and investors who invest in socially responsible investing. Environmental social and governance risk factors are at play. The strongest are the ones who embrace this philosophy.
A holistic enterprise risk management approach to business management and investing is the future. If you are waiting to look back and acknowledge that with hindsight you will be one who suffers most from the next financial crisis. You may not survive the long term. If you are not looking to the long term then good luck to you. You might get lucky. If you are looking for long term sustainability get on the holistic enterprise risk management boat today. Create long term value through enterprise risk management today not tomorrow.
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3rd July 2019 Number Of Cyber Incidents Reported By UKs Financial Sector Jumps
According to the Financial Conduct Authority FCA there has been jump in the number of cyber incidents reported by the UK’s financial sector.
Under the EUs General Data Protection Regulation GDPR financial sector businesses must report certain types of security breaches.
Many financial industry businesses are still trying to get the basics right on cyber risk management.
Are you a business owner or manager in the financial services industry?
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Managing your risk appetite and risk tolerance better. What level and nature of risk are you able and prepared to take to achieve your business objectives. Define the appetite for each type of risk to deliver your strategic objectives.
Determine achievable strategic business objectives deliver them operationally and complete better project outcomes
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Set the priorities right for your business risk management culture. Develop and deliver your risk appetite.
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Being in business can be tough. Strong businesses develop a positive risk management thinking strategy. Find the best in any business environment.
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Proactive Risk Based Approach To Business Management
Proactively develop your own risk awareness impacting on your business objectives. Embrace the changing business environment and internal risk factors. Get really good at manage enterprise risks to set clearer path to success.
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What do you want your business to achieve and what are you doing to make sure you are successful?
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What risks are you controlling? What enterprise risks should you not control? Manage the risks you can realistically influence the likelihood of and impact on business objectives should the risk materialise.
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Dream Bigger And Implement A New Reality For Your Business
Do not bury your head in the sand or fail to take calculated risks to improve your business performance. Be better prepared to aim higher with stronger business resilience to overcome obstacles. Focus your limited resources on more achievable business goals. Take risks with more confidence. We are not advocating recklessness. Be responsible and consciously embrace the unexpected.
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Just because your industry or business sector or country is under the cosh does not mean your business needs to suffer too.
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Method of successful resource allocation
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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.
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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.
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Brand Awareness Campaign Ideas With BusinessRiskTV.com
Without effective brand awareness your business could lose out on sales your competitors have won. Learn here how to make your business stand out online.
Several of the biggest retailers in the UK have collapsed or nearly collapsed due in a large part to failure to have an appropriate increase brand awareness strategy
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There are a number of straightforward ways you can build your brands reputation online. From social media marketing strategies to better Search Engine Optimisation SEO. Learn how to increase online sales faster cost effectively. Determine the right social media channels for your brand and develop a new brand awareness strategy.
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Increasing online sales is of growing importance to SMEs and large businesses. The shift from the High Street to the web continues unabated. Bricks and mortar businesses also need to explore how to increase brand awareness.
Subscribe for free to learn how to increase brand awareness online
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Increase online sales. Attract new customers to your products and services instead of those of your competitors. Pick up tips tools and techniques to grow your business faster.
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Learn more about how to grow your small business faster. Penetrate new markets and create new revenue streams that are more profitable.
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