BusinessRiskTV Business Intelligence Tools and Techniques
In today’s competitive business world, the ability to make informed decisions quickly is vital to the success of any organisation. Business intelligence (BI) tools and techniques are designed to provide companies with the information they need to make informed decisions in real-time. BusinessRiskTV.com provides a comprehensive range of BI tools and techniques that can help organisations stay ahead of the competition.
Business intelligence tools and techniques are software applications and technologies that are designed to collect, analyse, and present business data. These tools can be used to identify trends, patterns, and insights that can help organizations make better decisions. BusinessRiskTV.com offers a wide range of BI tools and techniques that can help organisations stay ahead of the competition.
One of the key advantages of using BI tools and techniques is that they can help organisations to improve their decision-making processes. By providing real-time data and insights, these tools can help managers and executives make informed decisions quickly. This can be especially important in industries that are constantly changing, where a small delay in decision-making can result in missed opportunities.
Another advantage of using BI tools and techniques is that they can help organisations to identify and mitigate risks. By analysing data and identifying trends, organisations can identify potential risks and take steps to mitigate them. This can help to prevent costly mistakes and improve the overall performance of the organisation.
BusinessRiskTV.com offers a wide range of BI tools and techniques that can help organisations to identify and mitigate risks. These tools include risk management software, data visualisation tools, and predictive analytics tools. By using these tools, organisations can identify potential risks and take steps to mitigate them before they become a problem.
In addition to risk management, BI tools and techniques can also be used to improve operational efficiency. By analysing data and identifying inefficiencies, organisations can take steps to improve their processes and reduce costs. This can help organisations to improve their bottom line and stay competitive in their industry.
Overall, BI tools and techniques are an essential part of any modern organisation. By providing real-time data and insights, these tools can help organizations to make informed decisions quickly and stay ahead of the competition. BusinessRiskTV.com offers a wide range of BI tools and techniques that can help organisations to identify risks, improve operational efficiency, and make informed decisions.
Gene-Edited Meat: A Bite of the Future, or a Recipe for Risk?
As a human biology expert, I’m here to delve into the world of gene-edited meat, a burgeoning technology with the potential to revolutionise our plates. This article will dissect the science behind it, exploring the potential benefits and drawbacks for consumers like you and me.
What is Gene-Edited Meat?
Traditional livestock farming raises concerns about animal welfare, environmental impact, and antibiotic use. Gene editing offers a solution. It’s a precise technique that alters an animal’s DNA to introduce desired traits. Unlike genetically modified organisms (GMOs), which insert foreign genes, gene editing makes targeted changes within an organism’s existing genetic code.
Potential Benefits for Consumers:
Healthier Meat: Gene editing could create meat with improved nutritional profiles. Imagine meat with lower saturated fat content, enriched with omega-3 fatty acids, or containing essential vitamins. This could benefit consumers concerned about heart health and overall well-being.
Enhanced Animal Welfare: Gene editing could reduce suffering in livestock. For instance, researchers are exploring ways to edit genes associated with faster growth rates, potentially reducing the time animals spend in cramped enclosures. Additionally, editing genes that cause painful conditions, like horns in cattle, could improve animal welfare.
Sustainable Production: The livestock industry contributes significantly to greenhouse gas emissions and deforestation. Gene editing could improve feed efficiency in animals, reducing the environmental footprint of meat production. Additionally, editing for disease resistance could decrease reliance on antibiotics, promoting sustainability and potentially reducing antibiotic resistance in humans.
Reduced Foodborne Illnesses: Certain gene edits aim to eliminate pathogens like E. coli in animals, leading to safer meat products. This could minimise the risk of foodborne illnesses for consumers.
Transparency and Labelling: Regulatory bodies are developing labelling frameworks for gene-edited meat. This transparency can empower consumers to make informed choices about the food they eat.
Potential Concerns for Consumers:
Unintended Consequences: Gene editing is a relatively new technology. While scientists strive for precision, unintended consequences are a possibility. These could affect the animal’s health or introduce unexpected changes in the meat itself. Rigorous testing and long-term studies are crucial to ensure safety.
Allergenicity: Introducing new genetic elements, even small edits, could inadvertently trigger allergies in some consumers. Extensive testing is needed to evaluate potential allergenicity risks.
Ethical Considerations: Some argue that gene editing disrupts the natural order and raises ethical concerns. Open discussions and clear regulations are necessary to address these concerns.
Corporate Control: There’s a possibility that large corporations could dominate the gene-edited meat market, potentially limiting consumer choice and raising concerns about affordability. Regulatory frameworks should promote competition and fair access to this technology.
Long-Term Health Effects: The long-term health effects of consuming gene-edited meat are unknown. Long-term studies are essential to ensure consumer safety over generations.
The Road Ahead for Gene-Edited Meat:
Gene-edited meat holds immense promise for a more sustainable, ethical, and potentially healthier food system. However, addressing the potential risks and ensuring public trust are crucial for its successful adoption.
Transparency and Public Engagement: Open communication about the science behind gene editing, potential benefits and risks, and regulatory processes is vital. Public engagement fosters trust and allows for informed consumer choices.
Independent Research: Independent research, alongside industry-funded studies, is crucial to ensuring objective assessments of safety and long-term impacts. Truly transparent research does not mean research funded by bodies directly or indirectly funded by organisations and businesses likely to benefit from the results of the research.
Robust Regulations: Regulatory frameworks must be established to ensure rigorous safety testing, clear labelling, and responsible development of this technology.
The Choice on Your Plate:
Gene-edited meat has the potential to revolutionise our food system. However, the decision of whether to consume it ultimately rests with you – if you are fully informed to make a decision. By understanding the science and the ongoing discussions, you can make informed choices about the food you eat. As research progresses and regulations evolve, gene-edited meat may become a safe, sustainable, and ethical addition to our diets.
Remember:
Gene editing is a precise tool with the potential to improve meat production.
Potential benefits include healthier meat, improved animal welfare, and sustainable production.
Potential concerns include unintended consequences, allergenicity, and ethical considerations.
Transparency, public engagement, and robust regulations are crucial for the responsible development and adoption of gene-edited meat.
Let’s continue this conversation as science progresses. As a human biology expert, I’m committed to providing you with the latest information to empower your food choices.
The Fragile Threads of Connectivity: Impact of a Severed Yemeni Submarine Cable
Beneath the turquoise waters of the Red Sea lies a silent network of arteries, invisible to the naked eye but pulsing with the lifeblood of our digital age: submarine cables. These colossal bundles of fibre optics form the backbone of the internet, carrying the data that connects businesses, individuals, and entire nations across the globe. But what would happen if one of these critical arteries were severed, particularly the crucial cable passing through Yemen?
While a single cable might seem insignificant in the vast undersea web, the consequences of its disruption could be far-reaching. As an expert in internet infrastructure, I’ll delve into the potential impact of a severed Yemeni cable on businesses and consumers worldwide, exploring the ripple effects through various sectors and regions.
Immediate Impact: A Digital Blackout
The first and most immediate consequence would be a widespread internet outage in Yemen and neighbouring countries relying on the cable for connectivity. Businesses would grind to a halt, online transactions would freeze, and communication channels would be severed. Imagine hospitals unable to access critical medical records, banks paralysed by frozen financial transactions, and entire cities cut off from online communication.
This digital blackout would have a devastating impact on Yemen’s already fragile economy. Businesses heavily reliant on internet-based services, such as e-commerce, online education, and tourism, would suffer significant losses. Access to essential online resources like humanitarian aid coordination and news platforms would be disrupted, further exacerbating the ongoing humanitarian crisis.
Beyond Borders: Global Repercussions
The ramifications wouldn’t be confined to Yemen. The severed cable would create a bottleneck in the global internet traffic flow, impacting countries in the Red Sea region and beyond. Countries like Djibouti, Saudi Arabia, the United Arab Emirates, and Egypt, heavily reliant on this cable for international connectivity, would experience significant slowdown in internet speeds, increased latency, and potential service disruptions. This could affect vital sectors like finance, trade, and communication, with businesses experiencing delays in transactions, communication breakdowns, and potential losses.
Ripple Effects on Global Businesses:
International businesses with operations in the affected region would face communication hurdles and disruptions to their supply chains. Cloud-based services and online collaboration tools would be hampered, hindering productivity and collaboration. Businesses relying on real-time data exchange, such as financial institutions and news organisations, would experience delays and disruptions, potentially impacting their global operations.
Shifting Traffic and Increased Costs:
With the Yemeni cable out of commission, internet traffic would reroute through other existing cables, creating congestion and potentially exceeding their capacity. This could lead to further slowdowns, service disruptions, and increased costs for internet service providers and businesses globally. The need for emergency repairs or rerouting cables would also incur significant financial burdens on the involved parties.
Geopolitical Tensions and Security Concerns:
A damaged Yemeni cable could exacerbate existing geopolitical tensions in the region. Depending on the cause of the damage, accusations and finger-pointing could arise, fueling instability and insecurity. Furthermore, the vulnerability of undersea cables raises concerns about their susceptibility to deliberate sabotage or attacks, posing potential security risks for critical infrastructure and national security.
The Fragile Nature of Our Digital World:
This scenario serves as a stark reminder of the fragility of our interconnected world and the dependence on a few critical cables for global internet connectivity. It highlights the need for increased redundancy in underwater cable infrastructure, diversification of routes, and investment in alternative technologies like satellite-based internet.
Investing in Resilience:
The potential consequences of a severed Yemeni cable underscore the importance of proactive measures to strengthen the resilience of undersea cable infrastructure. This includes:
Diversifying cable routes: Building additional cables through different geographical locations to avoid single points of failure.
Investing in cable hardening: Utilising stronger materials and designs to improve cable resilience against accidental damage and deliberate attacks.
Developing alternative technologies: Exploring alternative technologies like satellite-based internet to provide redundancy and backup options.
While the internet often feels like an intangible cloud, the reality is, it rests on a delicate physical infrastructure vulnerable to disruption. A severed Yemeni cable, though seemingly localised, serves as a powerful cautionary tale of the interconnectedness of our world and the potential consequences of neglecting the critical infrastructure underpinning it. By investing in resilience and diversification, we can ensure that the threads connecting us remain strong and our digital world continues to thrive.
Expanding On How Submarine Cables in Yemen Impact the Global Business Environment: A Deeper Dive
The potential disruption caused by a severed Yemeni submarine cable extends far beyond immediate outages and regional impacts. As the global business environment thrives on seamless connectivity, such an event could trigger a cascade of effects, impacting various sectors and regions through interconnected threads. Let’s delve deeper into these potential ramifications:
Manufacturing and logistics: Businesses globally that rely on sourcing materials or finished goods from the affected region, like Saudi Arabia or the UAE, could face delays and disruptions. Production schedules might be thrown off, impacting delivery timelines and potentially leading to stockouts.
International trade: Delays in data exchange and communication could hinder trade transactions, impacting businesses involved in importing or exporting goods to and from the region. Delays in customs clearance, documentation processing, and communication with trading partners could lead to financial losses and missed opportunities.
Financial Market Tremours:
Trading and investments: Stock exchanges and financial markets rely on real-time data streams for accurate pricing and efficient trading. Delays caused by a severed cable could impact investor confidence and potentially trigger market volatility. Businesses with investments in the region could experience losses or delays in transactions.
Financial services: Banks and other financial institutions use undersea cables for secure cross-border transactions and data exchange. Disruptions could hinder their ability to process payments, transfer funds, and manage financial risks, impacting both businesses and individuals.
Cloud services: Businesses that rely on cloud-based services provided by companies with data centres in the affected region could experience performance issues and disruptions. This could impact collaboration tools, software applications, and data storage for numerous businesses globally.
Emerging technologies: Businesses exploring technologies like blockchain or the Internet of Things (IoT) that rely on seamless connectivity could face setbacks due to cable disruptions. This could slow down innovation and adoption of these technologies, impacting their potential economic benefits.
Communication Breakdown:
Business communication: Companies with offices or teams in the affected region could face communication disruptions, hindering collaboration and impacting productivity. Video conferencing, instant messaging, and file sharing might become unreliable, affecting project deadlines and overall workflow.
Customer service: Businesses with a global customer base could experience disruptions in communication with customers located in the affected region. This could lead to customer dissatisfaction, decreased sales, and reputational damage.
Regional Domino Effect:
Tourism and hospitality: The tourism industry in the Red Sea region heavily relies on online booking platforms and marketing. Disruptions could lead to a decline in tourist arrivals, impacting hotels, airlines, and travel agencies, further compounding the economic difficulties.
Education and healthcare: Online education platforms and remote healthcare services could become inaccessible in the affected region, hindering access to essential learning and medical resources. This could exacerbate existing social and economic challenges.
Beyond Business:
It’s important to remember that the impact transcends the purely economic sphere. A severed cable could disrupt access to vital information, educational resources, and communication platforms for individuals in the affected region. This could have a significant negative impact on their access to healthcare, education, and their ability to connect with loved ones around the world.
Conclusion:
While the specific business impacts would depend on the nature and duration of the disruption, the potential consequences of a severed Yemeni submarine cable are far-reaching and complex. Understanding these interconnected vulnerabilities is crucial for businesses to prepare for potential disruptions and advocate for increased investment in resilient infrastructure.
By promoting diversification of cable routes, robust security measures, and alternative technologies, we can safeguard the delicate threads that underpin our globalised world and ensure the internet remains an engine of economic growth and social progress for all.
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Navigating the Uncertain Seas: Key Elements for Your 2024 Risk Management Plan
As we stand at the precipice of 2024, the economic landscape appears shrouded in a veil of uncertainty. The IMF warns of a “fragile recovery,” the ECB echoes concerns of “heightened financial stability risks,” while the Bank of England and the Federal Reserve contemplate further interest rate cuts. In this climate of volatility, having a robust risk management plan in place is no longer a mere option, but a critical imperative for business leaders.
This article, penned by an experienced business risk management expert, serves as your guide in navigating these uncertain waters. We will delve into the key elements you must include in your 2024 risk management plan, drawing on insights from leading global financial institutions to equip you with the tools necessary to weather the coming storm.
1. Embrace a Forward-Looking Perspective:
Traditional risk management often adopts a reactive stance, focusing on mitigating known threats. However, in today’s rapidly evolving environment, such an approach is akin to navigating a storm with outdated weather charts. In 2024, it is crucial to adopt a forward-looking perspective, actively scanning the horizon for emerging risks and proactively constructing safeguards.
The IMF stresses this need for vigilance, stating, “Global risks remain elevated, and policymakers need to be prepared for potential shocks.” This necessitates incorporating scenario planning into your risk management framework. Consider various plausible economic, geopolitical, and technological scenarios, and assess their potential impact on your business operations. By anticipating potential disruptions, you can develop adaptive strategies that allow you to pivot and thrive even in unforeseen circumstances.
2. Prioritise Financial Resilience:
With central banks hinting at interest rate cuts and a potential economic slowdown looming, financial resilience should be at the core of your 2024 risk management plan. The Bank of England warns of “heightened vulnerabilities in the financial system,” highlighting the need for businesses to shore up their financial reserves. You need to get ready to seize new business opportunities as well as threats in 2024.
Here are some actionable steps you can take:
Conduct thorough stress testing to assess your ability to withstand various economic shocks.
Diversify your funding sources to reduce dependence on any single lender.
Tighten control over operational costs and implement measures to improve cash flow.
Build financial buffers to weather potential downturns.
Develop your ability as a business to be more innovative.
Remember, a robust financial position provides a critical safety net during turbulent times, allowing you to seize strategic opportunities while your competitors struggle.
3. Fortify Your Cybersecurity Defenses:
The digital landscape is increasingly fraught with cyber threats, ranging from sophisticated ransomware attacks to data breaches. As the ECB aptly states, “Cybersecurity risks remain a key source of financial stability vulnerabilities.” In 2024, businesses must prioritise fortifying their cybersecurity defenses to protect sensitive data and critical infrastructure.
Here are some essential steps to take:
Invest in robust cybersecurity software and regularly update it.
Implement rigorous employee training programs to raise awareness of cyber threats and best practices.
Conduct regular penetration testing to identify and address vulnerabilities in your systems.
Develop a comprehensive incident response plan to effectively handle cyber attacks.
Remember, a single cyber breach can inflict significant financial and reputational damage. By prioritising cybersecurity in your risk management plan, you can safeguard your business against these ever-evolving threats.
Here are some ways to cultivate a risk-aware culture:
Encourage open communication and transparency regarding potential risks.
Empower employees to report concerns and participate in risk identification processes.
Regularly train employees on risk management practices and procedures.
Reward employees for proactively identifying and mitigating risks.
By embedding risk awareness into your corporate fabric, you empower your employees to become active participants in safeguarding your business, creating a more resilient and adaptable organization.
5. Embrace Agility and Adaptability:
The volatile economic landscape of 2024 demands agility and adaptability. As the IMF aptly puts it, “Uncertainty remains high, and flexibility will be key.” This means being prepared to adjust your strategies and operations as circumstances evolve.
The year 2024 promises to be a year of economic uncertainty and potential turbulence. However, by incorporating the key elements outlined in this article, you can develop a robust risk management plan that safeguards your business and positions you for success. Remember, effective risk management is not a one-time exercise, but an ongoing process. Continuously monitor the evolving landscape, update your plan accordingly, and foster a culture of risk awareness within your organisation. By remaining vigilant, adaptable, and financially resilient, you can navigate the uncertain seas of 2024 and emerge stronger on the other side.
In closing, let us leave you with the words of Christine Lagarde, President of the European Central Bank: “Resilience is not built overnight. It requires constant vigilance, preparedness, and adaptation. Let us be the generation that builds stronger foundations for a more resilient future.”
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.”
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Exploring preparation for a global recession with a businessrisktv.com
What happens to commodity prices in a recession
The coming global recession will slash demand for oil copper and the like. Prices for most commodities will fall. If the world falls into depression commodity prices will fall off a cliff including oil.
Some prices can rise temporarily as people seek a safe haven. People may flee to gold or a few commodities that they think will safe harbour their money during a recession. However a depression, which is more and more likely, causes most commodity prices to collapse.
June’s weaker demand for commodities signals that an economic global recession is coming closer.
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Global recession is necessary to stop runaway global inflation. The hard landing is the only option now available due to the lacklustre response to control inflation by Central banks and global national government.
Agricultural demand and energy demand is likely to keep rising during the autumn and winter and will sustain high commodity prices. This is likely to be aggravated by poor geopolitical decision-making by incompetent national leaders and global bodies like WHO, UN and WEF puppet masters and pied pippers particularly as it relates to food, water and energy. It is likely that another health crisis will emerge in the autumn winter and spring and this is likely to be managed in a restrictive way due to the propensity of these international bodies to take more and more health and economic risk management control. In addition, as demand falls due to rising inflation it can be combined with increased supply chain disruption imposed by recommended risk management action by international bodies that national governments adopt. Worse WHO wants overseeing overriding control of the next wave of the pandemic or next health pandemic.
Demand is likely to stay the same or slightly lower, but our leaders can change the supply up or down with their decisions. Reducing supply will push up prices.
Global stagflation is a certainty. When not if.
BusinessRiskTV
Global commodity prices
Wheat and oil future prices are down in June based on the most actively traded futures. Weaker commodity prices in June indicate we are transitioning to a global recession. Although commodity prices will fall, inflation will increase and stay high whilst growth turns to recession. For example there will be less demand for oil, oil prices will fall, but prices of goods and services will remain high.
Surviving global recession: how do you prepare for a recession
Businesses that can offer business discounts and consumer discounts are more likely to survive as more people become price conscious.
Businesses that supply essentials or luxury items at a discount offer more in the marketplace compared to those businesses who have let their own costs of being in business balloon and cannot offer deals and discounts.
Discount grocery and retail stores tend to have more footfall during a recession. Many supermarkets take advantage of their customers during the good times and suffer a loss of business and profitability when recessionary precious hit the consumers household budget.
People still die during recession! After the management of global risks over the last two years more people will die. businesses which cater for death are likely to perform strongly throughout a recession.
People turn to drink and drugs during a recession! Businesses providing alcohol and drugs will perform strongly during the coming recession.
You still have to pay your taxes! Accountants and tax advisors are likely to still perform well during the recession.
Everyone can afford a bit of lippy! Cosmetic businesses can perform well during a recession.
As for the rest of businesses, they must fully understand what’s important and what is not for their particular business model. Offering more value for money will become more important.
Risk Review 28 June 2022: Transitioning to a global recession in 2023
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Your business development plan and business development strategy needs assessing monitoring and review to produce long-lasting reward for business leaders
Learn to enjoy and fully embrace business development process and the your business development goals will come. Focusing on sales increase may be your problem even if sales are increasing. Sustainable sales growth will come from the right business development process not sales increases. A whole host of reasons can be found to explain why your sales are increasing and not all of them can be sustained for long-term business expansion.
Business risks are changing faster and therefore business risk management needs to change faster to still protect a business.
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Growth Strategy with BusinessRiskTV
Developing a growth strategy is an important task for any business looking to achieve success and expand its operations. A well-crafted growth strategy can help you identify new opportunities, target new markets, and increase your revenue streams. However, developing an effective growth strategy is not always an easy task. It requires careful planning, a deep understanding of your market, and a willingness to take calculated risks.
BusinessRiskTV is a platform that helps businesses develop growth strategies by providing them with access to a network of business experts, tools, and resources. In this article, we’ll take a closer look at how BusinessRiskTV can help you develop a growth strategy that works for your business.
What is a Growth Strategy?
A growth strategy is a plan of action that businesses develop to achieve growth and success in their respective markets. It involves identifying new opportunities, targeting new markets, and developing new products or services. A growth strategy can also include mergers and acquisitions, partnerships, and other strategic alliances.
There are several types of growth strategies that businesses can pursue, including:
Market Penetration: This strategy involves selling more of your existing products or services to your current customers or increasing your market share in your existing market.
Product Development: This strategy involves developing new products or services to sell to your existing customers or expanding your product line to attract new customers.
Market Development: This strategy involves selling your existing products or services in new markets or expanding your business into new geographic regions.
Diversification: This strategy involves diversifying your business into new markets or industries that are unrelated to your existing business.
Why is a Growth Strategy Important?
A growth strategy is important because it helps businesses achieve their long-term goals and objectives. It allows businesses to stay competitive in their respective markets and adapt to changing market conditions. A growth strategy can also help businesses increase their revenue, profits, and market share.
However, developing an effective growth strategy is not always easy. It requires careful planning, market research, and a deep understanding of your business and your market. This is where BusinessRiskTV can help.
How BusinessRiskTV Can Help You Develop a Growth Strategy
BusinessRiskTV is a platform that provides businesses with access to a network of business experts, tools, and resources. The platform can help you develop a growth strategy that works for your business by providing you with the following:
Business Experts: BusinessRiskTV provides businesses with access to a network of business experts who can help you develop a growth strategy that works for your business. These experts have years of experience in their respective fields and can provide you with valuable insights and advice.
Tools and Resources: BusinessRiskTV provides businesses with access to a range of tools and resources that can help you develop a growth strategy. These tools include market research reports, industry analysis, and financial modeling tools.
Networking Opportunities: BusinessRiskTV provides businesses with networking opportunities that can help you connect with other businesses in your industry. These connections can lead to new partnerships, collaborations, and business opportunities.
Training and Education: BusinessRiskTV provides businesses with access to training and education programs that can help you develop the skills and knowledge you need to succeed in your industry.
Developing a Growth Strategy with BusinessRiskTV
Here are some steps you can take to develop a growth strategy with BusinessRiskTV:
Define Your Goals: The first step in developing a growth strategy is to define your goals. What do you want to achieve with your business? Do you want to increase your revenue? Expand your operations? Enter new markets? Once you have defined your goals, you can start to develop a plan of action.
Conduct Market Research: The next step in developing a growth strategy is to conduct market research. This involves analysing your market and your competition to identify new opportunities and potential challenges. BusinessRiskTV can provide you with market research reports, industry analysis, and other resources to help you better understand your market.
Identify Your Competitive Advantage: To develop a successful growth strategy, you need to identify your competitive advantage. What makes your business unique? What sets you apart from your competition? BusinessRiskTV can help you identify your competitive advantage and develop a plan to leverage it.
Develop a Plan of Action: Once you have defined your goals, conducted market research, and identified your competitive advantage, it’s time to develop a plan of action. This plan should outline the specific steps you will take to achieve your goals, including the resources you will need and the timeline for each step.
Monitor Your Progress: Developing a growth strategy is not a one-time task. It requires ongoing monitoring and evaluation to ensure that you are on track to achieve your goals. BusinessRiskTV can provide you with tools and resources to help you monitor your progress and make adjustments as needed.
Developing a growth strategy is a critical task for any business looking to achieve long-term success. BusinessRiskTV can provide you with the expert advice, tools, and resources you need to develop a growth strategy that works for your business. Whether you are looking to increase your revenue, expand your operations, or enter new markets, BusinessRiskTV can help you achieve your goals and take your business to the next level.
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Understanding holistic risk management including reputation, technology and insurance in managing business risks
Tesla CEO Elon Musk said in January 2021 that he anticipates huge profits from Tesla Full Self-Driving Software which he thinks is more reliable than human beings driving. Two men have died after a 2019 Tesla Model S, which is believed to be operating without anyone in driver’s seat, crashed on 17th April 2021 killing both occupants. One was believed to have been in passenger seat in front, and the other in one of rear car seats. “There was no one in the driver’s seat, ” Sgt Umanzor of the Harris County Constable Precinct 4 said.
USA auto safety agency reported in March 2021 it was investigating 27 accidents involving Tesla vehicles. Tesla self driving technology is a unique selling point that is critical to the success or failure of Tesla business model.
Seize the new business opportunities. Mitigate the technology risks potentially threatening your business.
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Risk Profile v Risk Appetite – Risk tolerance vs risk appetite is important to understand. If you do not know what your risk profile is you cannot manage your business risks better. Could you increase your appetite for risk to achieve more business success? What is your risk tolerance?
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Risk Profile v Risk Appetite – Risk tolerance vs risk appetite is important to understand. If you do not know what your risk profile is you cannot manage your business risks better. Could you increase your appetite for risk to achieve more business success? What is your risk tolerance?
How To Grow Business Faster Business Tips – Grow business faster with BusinessRiskTV. Use practical business growth tips. Thing how do I grow my business fast? Need how to grow business tips. Use latest business tips and marketing tools. Our business growth experts work with our Online Selling Partners providing tips for business growth. Learn how to grow your business fast with BusinessRiskTV. Pick up tips on how to grow business faster. Connect with our business growth experts and partners. Save money and time to become more profitable and other latest business tips from BusinessRiskTV.
iso 31010 Risk Management and Risk Assessment Techniques Guidance – Do you know where to focus our resources to protect and grow your business? iso 31010 risk assessment tools and techniques can help you identify assess and control critical risks to your business. Understand your business risks better with iso 31010 risk assessment awareness. Mitigating Threats Maximising Returns From Business Opportunities
Understanding and Managing Risk Better – A better way to manage business enterprise risk. Risk management courses distance learning. Develop better business risk management plan. Discover best enterprise risk management online training courses for your needs. Risk management courses UK and overseas. Join like minded senior managers executives and risk management practitioners. Learn how to manage business enterprise risk management risks better. Save money and time with BusinessRiskTV. Search for tips on developing your improved business risk management plan.
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ERM Framework Implementation
Enterprise Risk Management (ERM) is the process of identifying, assessing, prioritising, and managing risks that could affect an organisation’s ability to achieve its objectives. In today’s fast-paced business environment, organizations face numerous risks, such as financial, operational, strategic, regulatory, reputational, and cybersecurity. The failure to manage these risks could lead to severe consequences, such as financial loss, legal liability, damage to reputation, and even business failure.
Therefore, it’s critical for organizations to implement a robust ERM framework to identify and mitigate risks that could potentially harm the organization. In this article, we will provide guidance on how organisations can implement an effective ERM framework to manage risks.
Establishing an ERM framework The first step in implementing ERM is to establish a framework that outlines the organisation’s risk management policies, procedures, and practices. The framework should define the roles and responsibilities of the risk management team, establish risk assessment methodologies, and identify the key risk indicators (KRIs) that will be used to monitor risks.
The ERM framework should also identify the organisation’s risk appetite, which refers to the level of risk that the organisation is willing to accept in pursuit of its objectives. The risk appetite should be clearly defined and communicated to all stakeholders, including employees, investors, customers, and regulators.
The ERM framework should be aligned with the organisation’s strategic objectives, and the risk management team should work closely with the senior management team to ensure that risk management is integrated into the organisation’s decision-making process.
Conducting a risk assessment The next step in implementing ERM is to conduct a risk assessment, which involves identifying, analysing, and evaluating risks that could potentially harm the organisation. The risk assessment should be based on a systematic and comprehensive approach that considers all the potential risks that the organisation faces.
The risk assessment should consider both internal and external factors that could affect the organisation’s ability to achieve its objectives. Internal factors include the organisation’s culture, structure, processes, and people, while external factors include economic, political, technological, and regulatory factors.
The risk assessment should also consider the likelihood and impact of each risk and prioritise them based on their significance. The risk assessment should be updated periodically to ensure that new risks are identified and managed.
Developing a risk management plan Once the risks have been identified and prioritised, the next step is to develop a risk management plan that outlines the actions that will be taken to manage each risk. The risk management plan should consider the risk appetite of the organisation and the resources that are available to manage the risks.
The risk management plan should include specific measures to mitigate each risk, such as risk avoidance, risk reduction, risk transfer, and risk acceptance. Risk avoidance involves eliminating the risk altogether, while risk reduction involves implementing measures to reduce the likelihood or impact of the risk. Risk transfer involves transferring the risk to another party, such as an insurance company, while risk acceptance involves accepting the risk and managing it within the organisation’s risk appetite.
The risk management plan should also identify the stakeholders who will be responsible for managing each risk and the KRIs that will be used to monitor the risks. The risk management plan should be reviewed periodically to ensure that it remains effective and relevant.
Implementing risk management controls The next step in implementing ERM is to implement risk management controls to manage the risks. Risk management controls are the policies, procedures, and practices that are implemented to manage the risks identified in the risk assessment.
Risk management controls should be designed to ensure that the organisation operates within its risk appetite and that the risks are managed effectively. Risk management controls should be integrated into the organisation’s processes and systems to ensure that they are followed consistently.
Monitoring and reporting on risks The final step in implementing ERM is to monitor and report on risks. Monitoring involves tracking the effectiveness of the risk management controls and the KRIs that were identified in the risk management plan. The monitoring process should be designed to detect any changes in the risk environment and to ensure that the risk management controls remain effective.
Reporting involves communicating the results of the risk management process to stakeholders, such as the board of directors, senior management, investors, customers, and regulators. The reporting should provide an accurate and comprehensive view of the organisation’s risk exposure and the effectiveness of the risk management controls.
Reporting should also include any significant changes in the risk environment and any emerging risks that could potentially impact the organisation. Reporting should be timely, accurate, and relevant to ensure that stakeholders have the information they need to make informed decisions.
ERM is a critical process that organisations must implement to manage the risks they face. ERM involves identifying, assessing, prioritising, and managing risks that could potentially harm the organisation.
To implement an effective ERM framework, organizations must establish a framework that outlines the risk management policies, procedures, and practices. They must conduct a comprehensive risk assessment that considers all the potential risks that the organisation faces and prioritise them based on their significance.
They must develop a risk management plan that outlines the actions that will be taken to manage each risk and implement risk management controls to manage the risks. Finally, they must monitor and report on risks to ensure that the risk management process remains effective and relevant.
By implementing an effective ERM framework, organisations can mitigate the risks they face and achieve their objectives in a safe and sustainable manner. The ERM framework should be reviewed and updated periodically to ensure that it remains effective and relevant to the changing risk environment.
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Know what you need to know about your competitors and the business environment you have to operate in. Gain an advantage over your competitors in your marketplace.
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Leveraging Business Intelligence for Improved Decision-Making and Performance
In today’s dynamic and data-driven business landscape, organisations face the constant challenge of extracting meaningful insights from the vast amount of information available. Business intelligence (BI) has emerged as a powerful tool that empowers businesses to harness their data and convert it into actionable intelligence. By leveraging BI technologies and practices, organizations can gain a competitive advantage, optimise operations, enhance decision-making processes, and drive overall business growth. This article delves into the ways in which business intelligence helps businesses thrive in an increasingly complex and competitive environment.
Data-Driven Decision Making
One of the primary benefits of business intelligence is its ability to enable data-driven decision making. Organizations can utilise BI tools to collect, analyse, and visualise large volumes of data, helping them uncover valuable insights and patterns. This data-driven approach allows businesses to make informed decisions based on factual evidence rather than relying on intuition or guesswork. By accessing accurate and up-to-date information, organizations can mitigate risks, identify emerging trends, and capitalize on new opportunities.
Enhanced Operational Efficiency
BI systems streamline and automate various processes, resulting in enhanced operational efficiency. By integrating data from different sources and departments, BI tools provide a holistic view of the organization’s performance. This comprehensive perspective enables businesses to identify bottlenecks, inefficiencies, and areas for improvement. For instance, BI dashboards can display key performance indicators (KPIs) in real-time, facilitating quick assessment and adjustment of operations. With timely insights into performance metrics, businesses can optimise processes, allocate resources effectively, and streamline workflows to achieve greater productivity and profitability.
Improved Customer Understanding
Understanding customers and their preferences is essential for any business aiming to succeed. Business intelligence solutions enable organisations to gain valuable insights into customer behaviour, preferences, and buying patterns. By analysing customer data, such as purchase history, browsing habits, and feedback, businesses can personalise their marketing strategies, enhance customer experiences, and tailor products and services to specific needs. This targeted approach not only boosts customer satisfaction and loyalty but also drives revenue growth and helps businesses stay ahead of their competitors.
Competitive Advantage and Market Intelligence
BI tools provide organisations with an edge over their competitors by delivering crucial market intelligence. By monitoring market trends, analysing customer feedback, and tracking competitor activities, businesses can gain a deep understanding of their industry landscape. This knowledge empowers organisations to identify emerging trends, forecast market demands, and seize opportunities before their competitors. Moreover, BI enables businesses to benchmark their performance against industry standards, allowing them to identify areas where they excel and areas that require improvement. Armed with this competitive advantage, organisations can make informed strategic decisions and stay ahead in the market.
Real-Time Reporting and Visualisation
Business intelligence systems offer real-time reporting and visualisation capabilities, which are invaluable in today’s fast-paced business environment. Through interactive dashboards, reports, and visualisations, organisations can monitor key metrics, track progress, and identify outliers or anomalies. Real-time insights enable timely interventions and corrective actions, preventing potential issues from escalating. The ability to visualise data in an easily digestible format also aids in communication and collaboration across different departments and levels of the organisation. By facilitating data-driven discussions, BI enhances cross-functional cooperation and alignment towards shared goals.
Risk Mitigation and Predictive Analytics
Business intelligence helps organisations identify and mitigate risks proactively. By analysing historical data, patterns, and correlations, businesses can develop predictive models that anticipate potential risks or challenges. These models enable organisations to take preventive measures, mitigate risks, and optimise decision-making processes. For instance, in the financial industry, BI can help detect fraudulent activities by flagging suspicious transactions and patterns. By leveraging predictive analytics, businesses can minimise losses, ensure compliance with regulations, and maintain a secure and resilient operation.
Streamlined Financial Analysis and Planning
Business intelligence tools greatly facilitate financial analysis and planning. By integrating financial data from various sources, organisations can gain a comprehensive view of their financial health, performance, and trends. BI systems enable businesses to generate accurate financial reports, conduct variance analysis, and perform budgeting and forecasting activities. With real-time access to financial information, businesses can make informed decisions regarding resource allocation, investment strategies, and cost optimization. This financial visibility and control empower organisations to improve profitability, manage cash flow effectively, and drive sustainable growth.
Efficient Supply Chain Management
Effective supply chain management is crucial for businesses to meet customer demands, optimise inventory levels, and reduce costs. Business intelligence plays a vital role in enhancing supply chain management by providing insights into demand forecasting, inventory optimisation, and supplier performance. By analyzing historical data and market trends, organisations can accurately predict demand patterns and adjust their procurement and production processes accordingly. BI tools enable businesses to monitor inventory levels in real-time, ensuring that stock is neither excessive nor insufficient. Additionally, by tracking supplier performance and identifying bottlenecks, organizations can establish stronger relationships with reliable suppliers and drive supply chain efficiency.
Improved Employee Performance and Engagement
Business intelligence also extends its benefits to human resources by enhancing employee performance and engagement. BI systems enable organisations to measure and track key HR metrics, such as employee turnover, performance evaluations, and training effectiveness. By analysing this data, organisations can identify areas for improvement, implement targeted training programs, and optimize talent management strategies. Moreover, BI tools provide employee dashboards and self-service portals, empowering individuals to access relevant data and monitor their own performance. This transparency and empowerment contribute to increased employee engagement, motivation, and productivity.
Compliance and Regulatory Reporting
Compliance with regulations and reporting requirements is a critical aspect of running a business. Business intelligence helps organisations ensure compliance by providing accurate and timely data for regulatory reporting. BI systems can automate data collection, validation, and reporting processes, reducing the risk of errors and ensuring regulatory compliance. By centralising and standardising data, organisations can easily generate required reports and meet deadlines. BI tools also provide audit trails and data governance features, enabling businesses to maintain data integrity and transparency, which are essential for regulatory audits.
In the age of data-driven decision making, business intelligence has become a fundamental tool for organisations aiming to thrive in a competitive market. By leveraging BI technologies, businesses can transform raw data into actionable insights, facilitating data-driven decision making, and improving operational efficiency. From enhanced customer understanding to competitive advantage and market intelligence, business intelligence empowers organisations to make informed strategic decisions and drive business growth. With real-time reporting, predictive analytics, and streamlined financial analysis, organisations can mitigate risks, optimize resources, and capitalise on opportunities. Moreover, business intelligence fosters collaboration, engages employees, and ensures compliance with regulatory requirements. As businesses continue to navigate a rapidly evolving landscape, harnessing the power of business intelligence becomes increasingly essential for sustained success.
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Include business intelligence as part of your business risk management process so that your business decisions are better informed.
Understand how your business operates and how you can run it better. Develop risk management insight. Developing better business intelligence will help you more holistically bring all parts of your business together. Make better use of your existing business resources. Become more productive.
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Recommendations to fix your business decision making process include:
Engage all levels and all areas of your business in decisions
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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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Executive Grapevine on BusinessRiskTV.com: Navigating the Risks and Challenges of Business Leadership
As an executive, navigating the risks and challenges of business leadership can be a daunting task. Whether you’re leading a small startup or a multinational corporation, there are countless factors that can impact the success of your organisation. However, by staying informed and proactive, you can mitigate risks and overcome challenges to drive your business forward. This is where Executive Grapevine on BusinessRiskTV.com can be a valuable resource for business leaders.
Executive Grapevine is a platform that offers business leaders the latest insights and advice on risk management, leadership, and innovation. It provides a forum for executives to connect, share ideas, and learn from each other’s experiences. On BusinessRiskTV.com, Executive Grapevine provides a wealth of resources for business leaders, including articles, webinars, podcasts, and more.
One of the key areas that Executive Grapevine covers is risk management. Risk management is an essential aspect of business leadership, as it involves identifying, assessing, and mitigating risks that can impact the success of your organization. From cyber threats to supply chain disruptions, there are a variety of risks that can pose a threat to your business. By staying informed about the latest risks and trends, you can take proactive steps to mitigate these risks and protect your organisation.
In addition to risk management, Executive Grapevine also covers leadership and innovation. Effective leadership is crucial to the success of any organisation, and Executive Grapevine provides insights and best practices for leading teams and driving growth. Innovation is also a key aspect of business leadership, as it involves finding new and creative ways to solve problems and drive growth. Executive Grapevine offers insights and strategies for fostering a culture of innovation within your organisation.
One of the benefits of Executive Grapevine is that it provides a forum for business leaders to connect and share their experiences. By learning from other executives, you can gain valuable insights and perspectives that can help you navigate the challenges of business leadership. Executive Grapevine also provides opportunities for networking and collaboration, which can be valuable for building relationships and partnerships that can drive growth.
Another benefit of Executive Grapevine is that it provides a range of resources for business leaders, including articles, webinars, podcasts, and more. These resources are designed to provide actionable insights and advice that you can apply to your own organisation. Whether you’re looking to improve your risk management strategies or foster a culture of innovation, Executive Grapevine offers resources that can help you achieve your goals.
In addition to the resources provided by Executive Grapevine, BusinessRiskTV.com also offers a range of other tools and resources for business leaders. These include risk management software, business continuity planning tools, and more. By leveraging these tools and resources, you can streamline your risk management processes and improve the resilience of your organisation.
Overall, Executive Grapevine on BusinessRiskTV.com is a valuable resource for business leaders who are looking to navigate the risks and challenges of business leadership. By staying informed and proactive, you can mitigate risks and overcome challenges to drive your business forward. Whether you’re leading a small startup or a multinational corporation, Executive Grapevine offers insights and strategies that can help you achieve your goals.
In today’s rapidly changing business landscape, effective risk management, leadership, and innovation are essential to the success of any organisation. By leveraging the resources and insights provided by Executive Grapevine on BusinessRiskTV.com, business leaders can stay ahead of the curve and position their organisations for success.
Whether you’re looking to improve your risk management strategies, foster a culture of innovation, or connect with other business leaders, Executive Grapevine on BusinessRiskTV.com offers a wealth of resources and opportunities. By staying informed and proactive, you can navigate the risks and challenges of business leadership and drive your organisation forward.
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Unleashing the Power of Global Networking: Advantages for Businesses
In today’s interconnected world, businesses are increasingly recognising the significance of global networking. Building connections and fostering relationships across borders has become a crucial strategy for organisations seeking growth, innovation, and a competitive edge. In this article, we will delve into the numerous advantages that global networking offers to businesses of all sizes and industries. By leveraging the power of connectivity, businesses can unlock new opportunities, gain valuable insights, and expand their reach on a global scale. Read on to discover how global networking can propel your business to new heights.
Enhanced Collaboration and Knowledge Sharing: Global networking opens the doors to collaboration with individuals and organisations from diverse backgrounds, cultures, and expertise. By connecting with professionals worldwide, businesses can tap into a vast pool of knowledge, insights, and perspectives. This exposure to different ideas and approaches fosters innovation and creativity within organisations.
Moreover, global networking provides opportunities to participate in conferences, seminars, and industry events, where experts and thought leaders share their expertise. These interactions enable businesses to stay updated with the latest trends, technologies, and best practices, enhancing their competitiveness in the global market.
Access to New Markets and Business Opportunities: One of the most significant advantages of global networking is the ability to access new markets and expand business opportunities beyond borders. By establishing connections with international partners, businesses can gain valuable insights into local markets, consumer preferences, and cultural nuances. This knowledge allows organisations to tailor their products or services to meet the specific needs of diverse markets, increasing their chances of success.
Furthermore, global networking provides a platform for businesses to showcase their offerings to a wider audience. Through cross-border collaborations, joint ventures, or strategic partnerships, companies can enter new markets with reduced risks and enhanced market knowledge. This enables them to tap into untapped customer segments, diversify their revenue streams, and drive sustainable growth.
Building a Stronger Brand and Reputation: Global networking offers businesses the opportunity to build a stronger brand and reputation on a global scale. By connecting with influential individuals and organisations, companies can enhance their visibility and credibility within their industry and beyond. Positive endorsements and collaborations with reputable international partners can significantly impact a business’s brand image and attract new customers.
Additionally, active participation in global networking events, industry forums, and online communities allows businesses to showcase their expertise, thought leadership, and unique value propositions. This exposure positions them as industry leaders and trusted authorities in their respective domains, further strengthening their brand reputation.
Recruitment of Global Talent: Global networking provides businesses with access to a vast talent pool from around the world. By establishing connections with professionals and organisations internationally, companies can tap into a diverse range of skills, experiences, and perspectives. This enables them to recruit top talent from different cultural and educational backgrounds, bringing fresh ideas and innovative approaches to their teams.
Moreover, global networking facilitates the identification of potential partners, suppliers, and collaborators who can contribute to a business’s growth and success. By connecting with like-minded professionals, businesses can build strategic relationships that foster innovation, create synergies, and drive mutual growth.
Global networking has emerged as a vital tool for businesses seeking growth, innovation, and success in the global marketplace. By leveraging the advantages of global networking, businesses can enhance collaboration, access new markets, build a stronger brand, and recruit top talent from around the world. Embracing a global mindset and actively participating in networking activities can open doors to unprecedented opportunities and pave the way for long-term success.
In an increasingly interconnected world, businesses cannot afford to operate in isolation. Establishing and nurturing global connections allows organisations to stay ahead of the curve and adapt to the rapidly changing global business landscape. Whether it’s through attending international conferences, leveraging online platforms, or forging partnerships with organisations worldwide, businesses can harness the power of global networking to propel their growth.
The advantages of global networking for businesses are undeniable. From enhanced collaboration and knowledge sharing to accessing new markets and business opportunities, building a stronger brand and reputation, and recruiting global talent, the benefits are vast. Embracing a global networking mindset is no longer a luxury but a necessity in today’s hyperconnected world.
To make the most of global networking, businesses should actively seek opportunities to connect with professionals, industry experts, and potential partners on a global scale. They can explore online networking platforms, join industry-specific communities, participate in international events and conferences, and establish strategic partnerships with organisations in different countries.
However, it’s essential to approach global networking with a genuine intent to build meaningful relationships and provide value to others. Networking is not just about self-promotion; it’s about establishing mutually beneficial connections and fostering a collaborative ecosystem.
By capitalising on the advantages of global networking, businesses can expand their horizons, tap into new markets, stay abreast of industry trends, and unlock innovation. In this fast-paced and interconnected world, building a strong global network is a powerful asset that can set businesses apart from the competition and pave the way for sustained success.
So, don’t wait any longer. Start exploring the world of global networking and unlock the limitless opportunities it offers to take your business to new heights of success in the global marketplace. Embrace the power of connectivity, foster collaborations, and position your business as a global player in your industry. The possibilities are endless when you dare to connect, engage, and grow on a global scale.
Taking more risks to achieve more success comes down to risk knowledge and business intelligence. A lack of risk knowledge leads to increased fear. This can result in missed opportunities to grow faster.
What are the potential costs of taking more risks?
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How will taking more risks benefit your business?
What are the alternatives?
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How bad would it be if the worst case scenario risk event materialised?
What would your business look like in 5 years if your risk decisions were taken?
Assessing the risks incorporating both upside and downside risks will enable you to make more balanced business decisions to improve performance.
Negativity bias means in part we focus more on stopping bad things from happening than creating the environment for great good things to happen. For example, we focus on stopping climate damage instead of investing money in better natural environment. We spend more money to risk control instead of seizing new business opportunities which create risk but also create more rewards for risk takers.
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BusinessRiskTV has already built up an impressive bank of like minded business leaders and business risk management consultants for club members to tap into for business tips advice and support.
The BusinessRiskTV Industry Risk Management Forum is carefully expanding its reach to help business leaders to better protect and grow their own businesses and careers.
BusinessRiskTV Industry Risk Management Forum is NOT just a talking shop. It is a business growth hub to practically accelerate members revenue streams. It is business accelerator where everyone has the same interest in seeing the businesses build resilience regardless of economic environment.
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Is BusinessRiskTV Industry Risk Management Forum free to join and how does BusinessRiskTV make money? It is free to join now to receive free alerts bulletins and business risk news. If you want to contribute to BusinessRiskTV by becoming a Member you pay an annual fee. BusinessRiskTV also accepts donations to support free independent business risk management news broadcasting and business risk management research. In addition businesses pay us one off fees to promote market and advertise their business products and services.
Am I tied into the BusinessRiskTV Industry Risk Management Forum? It is free to join the forum. If you want to contribute to BusinessRiskTV there is a membership fee. You are free to leave the club at anytime. You will not be entitled to a refund of the annual membership fee but will not be tied to renew your membership.
How long does membership last? 12 months renewable annually.
I do not know anything about online business marketing and development? That is one of the great strengths about being in the Industry Risk Management Forum. You simply join now and then we will email you to find out what you need to do to grow your business faster. We will then go away and start your marketing and promotion campaign. We will design post and update your contributions to promote your business. Our team of enterprise risk experts and business risk advisers help protect and grow your business faster.
How fast will my business grow? It is impossible to say. It depends on how well we can work together to get the most from your existing business development tools and initiatives. The potential is there for massive gains but the value of your membership fee could be worthless if we fail to work well together. That is why our members should always diversify our marketing options to maximise the likelihood of increasing sales. We will guide you on the diversification options based on our discussions on what you offer and when. You are not putting all your business development eggs in one basket but the affordable membership fee expands the likelihood of your business growing faster.
How often can my business contribute to BusinessRiskTV? Contribution levels is based on hours it takes to produce and publish each contribution. You will be buying 56 hours of work to produce and publish your contributions each year.
Does my business need to contribute regularly to BusinessRiskTV? No. The more you contribute the more you promote your own business interests and increase the chances of faster business growth.
My business marketplace is not in UK so can I still join and contribute to BusinessRiskTV? YES! The Club is open to any business selling legal and morally acceptable products and services. Legal is legal but morally acceptable comes down to our own opinion as to what is morally acceptable. Areas include Europe USA Canada Latin America Australia and Asia Pacific.
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Examples of business risks under review
Strategic Risk. A competitor parking their business offering on your turf
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Financial Risk, Changing interest rates creating new business opportunities or threats
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Manage such risks better to reduce of lower than anticipated profits or increase the chance of higher profit and business growth.
Identify which business risks threatening your business or creating new business opportunities to achieve greater success
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Business is about taking risks. However taking more informed risks will help you achieve what you want for your business with more confidence.
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Boost your sales more profitably
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Protect your business uncertainty negatively impacting on your business
If you want an innovative flexible way to grow your business faster and build business resilience join and contribute to BusinessRiskTV Club today.
Members of the BusinessRiskTV business risk management club collaborate to reduce corporate threats and increase business growth opportunities through
business networking with key business decision makers locally and globally
improved risk assessment via better business intelligence
reduced cost of risk control via deals discounts and special offers
Build a more successful and sustainable business more easily with BusinessRiskTV.
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Join the BusinessRiskTV Business Risk Club and receive FREE business risk alerts bulletins and latest business risk news to stay ahead of your competition.
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Key benefits of BusinessRiskTV Risk Club and reasons to join and contribute today
Free to join. There is no cost to join the club. Once you join you also have the option of contributing to BusinessRiskTV to better market promote and advertise your business. In addition you will have increased access to discussions workshops and executive training to better protect your business. You are in control of what to do next after you join the club for free.
Free business intelligence to inform your decision making to build your business resilience. Club members receive free news alerts and bulletins. Our risk watch service scans the horizon for emerging risks and analyses business risk trends. You can attend online discussions workshops and executive training sessions.
Safe and secure. All payments are made through Paypal an independent third party online payment service which stops us receiving full details of your banking or payment details so you are protected by Paypals security systems.
Build your online profile and connections to grow your business faster. BusinessRiskTV has an impressive online profile to connect you with local and global business risk management experts and new sales for your business.
Join BusinessRiskTV Business Risk Management Club enter code #RiskClub
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BusinessRiskTV has already built up an impressive bank of like minded business leaders and business risk management consultants for club meMbers to tap into for business tips advice and support.
The BusinessRiskTV Club is carefully expanding its reach to help business leaders to better protect and grow their own businesses and careers.
BusinessRiskTV Club is NOT just a talking shop. It is a business growth hub to practically accelerate members revenue streams. It is business accelerator where everyone has the same interest in seeing the businesses build resilience regardless of economic environment.
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Read Keith Lewis Testimonials as to the quality of his work. This gives some background as to the quality of the business risk management business intelligence being gathered and distributed.
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In addition to controlling your own business risks better you are in total control of how you use BusinessRiskTV and how much you want to contribute to it to increase your own business growth.
You are always in control of your subscription to BusinessRiskTV club. You can choose to remain on the free membership and still receive free business intelligence and risk knowledge. Or you can regularly contribute to the content and thus increase your own business profile and business growth.
We are in it for the long term and look forward to working with members for sustainable mutual benefit. If you want to stop your membership you can at any time. We are looking forward to you working with us to help your business grow faster.
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After you join the club you can just use it as a simple way to be kept up to date on emerging and developing corporate risks impacting on your business objectives.
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Is BusinessRiskTV Club free to join and how does BusinessRiskTV make money? It is free to join now to receive free alerts bulletins and business risk news. If you want to contribute to BusinessRiskTV by becoming a Member you pay an annual fee. BusinessRiskTV also accepts donations to support free independent business risk management news broadcasting and business risk management research. In addition businesses pay us one off fees to promote market and advertise their business products and services.
Am I tied into the BusinessRiskTV Club? It is free to join club. If you want to contribute to BusinessRiskTV there is a membership fee. You are free to leave the club at anytime. You will not be entitled to a refund of the annual membership fee but will not be tied to renew your membership.
How long does membership last? 12 months renewable annually.
I do not know anything about online business marketing and development? That is one of the great strengths about being in the Business Risk Management Club. You simply join now and then we will email you to find out what you need to do to grow your business faster. We will then go away and start your marketing and promotion campaign. We will design post and update your contributions to promote your business. Our team of enterprise risk experts and business risk advisers to help protect and grow your business faster.
How fast will my business grow? It is impossible to say. It depends on how well we can work together to get the most from your existing business development tools and initiatives. The potential is there for massive gains but the value of your membership fee could be worthless if we fail to work well together. That is why our members should always diversify our marketing options to maximise the likelihood of increasing sales. We will guide you on the diversification options based on our discussions on what you offer and when. You are not putting all your business development eggs in one basket but the affordable membership fee expands the likelihood of your business growing faster.
How often can my business contribute to BusinessRiskTV? Contribution levels is based on hours it takes to produce and publish each contribution. You will be buying 56 hours of work to produce and publish your contributions each year.
Does my business need to contribute regularly to BusinessRiskTV? No. The more you contribute the more you promote your own business interests and increase the chances of faster business growth.
My business marketplace is not in UK so can I still join and contribute to BusinessRiskTV? YES! The Club is open to any business selling legal and morally acceptable products and services. Legal is legal but morally acceptable comes down to our own opinion as to what is morally acceptable. Areas include Europe USA Canada Latin America Australia and Asia Pacific.
Is paying my membership fee safe? Yes. Your membership fee will be paid via Paypal a global independent payment provider who have their own safe and secure payment systems. We will never see your full payment details as these are retained by Paypal who will transfer your membership fee to our Paypal account.
What is the annual membership fee? This will vary depending on how many members we have. As the number of members increase so will the annual membership fee so get in quick to keep your membership fee low!
Join BusinessRiskTV Business Risk Management Club enter code #RiskClub
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Livestream SME business management videos or watch on demand. Pick up SME business management tips advice and business intelligence focusing on all the things that matter for SME owners and managers.
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SME business thinktank on business growth and development. Entrepreneurs and business leaders developing new income more profitably. Focus on reducing costs increasing productivity and maximising profit for small to medium sized businesses in the UK.
Join our interactive business think tank to network with business leaders to grow your business faster.
Free Up Time For Business
How do you free up your time to focus on what really matters for a successful business
Time is a precious commodity in the business world. As an entrepreneur, it’s easy to get bogged down with tasks and responsibilities that keep you from focusing on what’s most important for your business’s success. Here are some tips on how to free up your time to focus on what truly matters:
Delegate tasks: One of the biggest time-wasters for entrepreneurs is trying to do everything themselves. Delegate tasks to trusted employees or contractors to lighten your load and give you more time to focus on your strengths.
Automate routine tasks: Automation tools can save you a significant amount of time by streamlining repetitive tasks. From email marketing to invoicing, there’s a tool available to help you save time.
Prioritise tasks: Make a to-do list each day and prioritize tasks based on their importance. Focus on the most critical tasks first, and don’t waste time on tasks that can wait.
Manage your email: Email can quickly consume a lot of your time if you’re not careful. Set aside specific times each day to check your email, and avoid checking it constantly. Use filters and folders to keep your inbox organised.
Avoid multitasking: Multitasking may seem like an effective way to get more done, but it can actually slow you down and reduce your productivity. Focus on one task at a time and give it your full attention.
Set boundaries: Set boundaries for when you will and won’t be available for work. This can include not checking email after hours, not answering calls on weekends, or setting aside time for a lunch break.
Take care of yourself: Finally, make sure you’re taking care of yourself. Exercise regularly, get enough sleep, and make time for leisure activities. A well-rested and healthy mind is more productive and better equipped to tackle the important tasks at hand.
By following these tips, you can free up your time and focus on what really matters for a successful business. Remember, time is your most valuable resource, so prioritise it and use it wisely.
Learn productivity improvement strategies for your business with BusinessRiskTV.com
Productivity improvement techniques tips and training. Productivity improvement tools and techniques. Productivity improvement strategies can boost your business performance. Could your business benefit from learning productivity improvement techniques? UK business productivity is poor compared to developed countries in the world. Boost your business productivity to grow your business faster. Protect your business from your competition with productivity improvements.
Improvement Business Efficiency
Learn practical ways to increase productivity. Productivity improvement techniques will help your business grow faster. Identify better working practices. Review current best productivity improvement ideas.
Improving your business productivity is the most important task today. Improving your productivity is the panacea for your business. It will solve most of your business problems. Reduce most of the threats to your business.
Reduce risk of being strangled by skills gap
Increase output
Increase profit
Build resilience to yet unknown risks in future
Improve quality of products or services
Reduce the amount of work you need to do
Improve the work life balance for your employees
Engage your workforce more
Increase job satisfaction
Increase employee retention and reduce staff turnover costs
Improve your business performance
Build a better business brand
Increase the value of your business.
There is much to be gained from learning productivity improvement techniques and little to be lost.
Develop simple effective new business development strategy
Simple changes to your workplace to improve productivity in reach. They are within your business already but need bringing out. We will help you find a better way of working.
Our productivity improvement techniques use what you have already. We will help you develop effective strategies for increasing productivity at work. Adopt tools and techniques to sustainably boost your business performance.
Effective strategies for increasing productivity at work
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Productivity improvement will increase profit. This will make your business sustainable not new sales. Continuous improvement is achievable. External risk drivers will threaten your business. They will also create new business development opportunities.
Use productivity improvement techniques to grow your business faster. Or use these tools to build existing business resilience.
Intelligently plan your work. Focus your resources effort and time on what works well. Learn how to increase productivity in your workplace.
Improve workplace efficiency
Boost business performance.
Build business resilience
Sustainable business success comes from smarter working not working harder.
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Put your business products or services in front of more potential customers more profitably. Use innovative ideas to engage new customers. Sell more online.
Link in with your existing sales processes so you stay in control. Maximise your profit with new income stream from BusinessRiskTV.
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.
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.
Keep up to date with latest global risks that could impact on your business objectives with BusinessRiskTV
How can business leaders inform knowledge about global risk events that could impact on business decision-making?
Register for business risk management reports and risk management newsletter. Want to understand how risk could impact on your business? Get the latest business risk management reports and risk analysis reviews from BusinessRiskTV.
Understanding global risks is important for all business leaders. Identifying and assessing the global risks is not a once a year task.
Existing risks will morph into bigger risks to your business
Small smaller risks will combine to create an aggregate risk that could even threaten the survival of your business.
Emerging risks not obvious at the time of the report, could subside and just be accepted or they could gather momentum and threaten business objectives.
In addition the risks that could threaten some businesses could present an opportunity for your business to grow faster but if you miss the start of the opportunity you could miss the boat entirely or fail to maximise the potential rewards from the opportunity.
Unlike other less dynamic reporting systems companies or entitys BusinessRiskTV will provide you with regular risk reports to help you manage enterprise risks more proactively to mitigate threats to your business better and seize new business development opportunities earlier.
In short, BusinessRiskTV is less about looking back and offering expert risk reports with hindsight and more about looking forward with more dynamic forecasts backed up with practical risk management solutions for both the upside and downside aspects to global risks as it affects your business wherever you are in the world.
Filtering the global risks noise for your business
BusinessRiskTT will reduce the effort required to identify what your business needs to do next after assessing the magnitude of the risk to your country or industry in easy to understand language.
Take proportionate action to mitigate threats to your business
Evaluate and act on potential opportunities
Better protection faster growth in 2018
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How do you assess risks in business?
Global Risk Events, Risk News and Economic Opinions
10 August 2022 – Global economic growth will slow to 3.2% this year from 6.1% in 2021, the IMF predicts.
Explore the business solutions to business problems with BusinessRiskTV.com during our online Virtual Business Breakfast meetings for members and non members.
Virtual online business breakfast meetings save you money and time. Manage business risks better. Virtual business breakfast meetings inform your business decision making. Helping small and medium sized businesses grow faster with less uncertainty. Become more confident in your ability to manage all business risks.
Network with business people executives and entrepreneurs locally and globally online from your phone tablet or pc. Save time and money solving your business problems. Share business intelligence and risk management knowledge. Tackle all strategic operational and project risks with more confidence.
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Join your peers and risk management experts online to share business risk management intelligence. Find the best business breakfast club online meetings for you on BusinessRiskTV.
For anyone who has in interest in enterprise risk and risk management : explore the challenges and rewards faced by all risk managers. CLICK HERE or email editor@businessrisktv.com to find out more and enter code #BusinessBreakfast.
Watch our strategic operational and project risk management live and on demand broadcasts
Pick the best business breakfast club meetings for your business needs. Focus on the business risks country risks or industry risks that matter to your business decision making. Focus your time to bring success and stronger business resilience closer.
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We have had a great response to our virtual online business breakfast networking events. These events are designed for business people executives and entrepreneurs. Inform your business decision making. Explore some of the challenges and rewards of being in business. Find solutions to your business problems. Share your business experience and risk management knowledge.
Come and enjoy the discussions. Share your business experiences and network with other key business decision makers. Expert risk panellists drive each event forward to arrive at business tips to improve your business risk management action plan.
Register with BusinessRiskTV for free to find out more. Register for alerts to upcoming virtual online business breakfast meetings
Watch from your PC TV or mobile device Online breakfast meetings pricing ranges from free to £20 for Members and £30 for non members
Promote and market your 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.
Find out how to promote your business locally and globally. CLICK HERE to ask for more information.
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.