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The Entrepreneurial Landscape of 2024: Navigating Risks and Seizing Opportunities

The entrepreneurial spirit thrives on uncertainty, but 2024 promises a unique blend of both risks and opportunities that will test the mettle of even the most seasoned business builder. From the lingering shadows of a global pandemic to the accelerating pace of technological disruption, the landscape demands both keen awareness and calculated action. In this article, we’ll delve into the concerns and possibilities that await entrepreneurs in this dynamic year, providing insights on how to navigate the challenges and emerge victorious.

Risks That Demand Vigilance:

  • Lingering Economic Turbulence: The aftershocks of the pandemic continue to ripple through global economies, with inflation, supply chain disruptions, and potential market downturns posing significant threats. Entrepreneurs must remain agile, adopt lean operational models, and prioritise financial resilience to weather these storms.
  • Geopolitical Tensions: The rise of regional conflicts and trade disputes can disrupt supply chains, restrict market access, and fuel financial instability. Entrepreneurs must carefully assess their exposure to volatile regions, diversify their operations, and consider alternative sourcing and distribution channels.
  • Technological Avalanche: The rapid evolution of artificial intelligence, automation, and other disruptive technologies necessitates constant adaptation. Entrepreneurs must embrace continuous learning, invest in upskilling their workforce, and prioritise innovation to stay ahead of the curve.
  • Talent Wars: The competition for skilled talent is fiercer than ever, and attracting and retaining top performers is critical for success. Entrepreneurs must cultivate a strong employer brand, offer competitive compensation and benefits, and foster a culture of learning and growth to attract and retain talent.
  • Regulatory Ebb and Flow: The regulatory landscape is constantly evolving, with new data privacy laws, cybersecurity regulations, and industry-specific mandates emerging. Entrepreneurs must stay informed about regulatory changes, ensure compliance, and leverage regulations to their advantage where possible.

Opportunities Ripe for the Taking:

  • The Green Revolution: The global push towards sustainability and climate action presents a goldmine of opportunities for entrepreneurs. Developing innovative solutions in renewable energy, green infrastructure, circular economy, and sustainable agriculture can not only address pressing environmental concerns but also unlock lucrative market potential.
  • The Age of Personalisation: Consumers are increasingly demanding personalised experiences, products, and services. Entrepreneurs can cater to this trend by leveraging data analytics, AI, and advanced customer relationship management systems to tailor offerings and build deeper customer relationships.
  • The Wellness Boom: The focus on mental and physical well-being is a burgeoning market, particularly in areas like personalised healthcare, fitness technology, mental health solutions, and healthy food alternatives. Entrepreneurs can tap into this trend by developing innovative solutions that cater to the evolving needs of health-conscious consumers.
  • The Decentralised Future: Blockchain technology and related innovations like cryptocurrencies and decentralised finance (DeFi) are opening up new avenues for entrepreneurs. Developing solutions for secure data management, blockchain-based platforms, and innovative financial products can unlock significant opportunities in this nascent space.
  • The Rise of the Creator Economy: The explosion of social media and digital platforms has empowered individuals to become creators, influencers, and entrepreneurs. Developing tools, services, and platforms that support content creators, facilitate monetisation, and foster community building can unlock immense potential in this rapidly growing ecosystem.

Staying Ahead of the Curve:

To navigate the risks and seize the opportunities of 2024, entrepreneurs must prioritise proactive strategies:

  • Become a Scanner, Not a Settler: Develop a constant curiosity about emerging trends, technologies, and customer needs. Actively scan the environment for potential threats and opportunities, remaining adaptable and open to pivoting when necessary.
  • Embrace Continuous Learning: The ability to learn and adapt is vital in today’s dynamic landscape. Invest in your own learning, encourage professional development within your team, and stay ahead of the curve by acquiring new skills and knowledge.
  • Build a Network of Support: Surround yourself with mentors, advisors, and fellow entrepreneurs who can offer guidance, share best practices, and provide support during challenging times.
  • Embrace Failure as a Learning Tool: The path to success is rarely linear. View failures as learning experiences, analyse what went wrong, and use those insights to improve and move forward.
  • Focus on Value Creation: Ultimately, success hinges on creating genuine value for your customers. Clearly define the problem you’re solving, deliver exceptional solutions, and prioritise customer satisfaction above all else.

The Future of Entrepreneurship:

The future of entrepreneurship is a vibrant tapestry woven with challenges and opportunities. While risks like economic uncertainty and technological disruption pose formidable hurdles, entrepreneurs who cultivate agility, embrace innovation, and prioritise value creation will not only survive but thrive. The path will be demanding, but the rewards for those who navigate it successfully are immense: the chance to shape the future, make a positive impact, and build a legacy that endures. The entrepreneurial spirit will not be deterred by the complexities of 2024.

2024 and Beyond: The Evolving Landscape of Entrepreneurship

2024 stands as a pivotal point in the ever-evolving landscape of entrepreneurship. It’s a moment where the echoes of past disruptions intertwine with the nascent whispers of future transformations, demanding a keen awareness of both current threats and emerging opportunities. While the risks may seem daunting, they also paint a picture of a dynamic, vibrant ecosystem ripe for those with the vision and tenacity to seize its potential.

The entrepreneurial journey ahead won’t be a predictable stroll through a manicured park. It will be a rugged trek through uncharted territory, where adapting to shifting landscapes and overcoming unforeseen obstacles will be the norm. This demands a new breed of entrepreneur, one equipped with not just the courage to take risks, but the resilience to thrive amidst uncertainty.

Here are some key traits that will define the successful entrepreneur of tomorrow:

  • The Futurist: With the pace of change accelerating, entrepreneurs need to become adept at identifying and anticipating future trends. They must cultivate a keen eye for the next big thing, whether it’s a technological leap,a cultural shift, or a burgeoning societal need.
  • The Collaborator: The lone wolf entrepreneur is becoming a relic of the past. The future belongs to those who can foster effective collaborations, building ecosystems of partners, mentors, and stakeholders who bring diverse perspectives and expertise to the table.
  • The Changemaker: The 21st century entrepreneur isn’t simply building businesses; they’re actively shaping the world around them. They understand the power of their ventures to address social and environmental challenges, and they leverage their resources to create positive impact beyond mere profit margins.
  • The Learner: In the face of constant change, the ability to learn and adapt is paramount. Successful entrepreneurs will prioritize continuous learning, embracing new skills,technologies, and ways of thinking to stay ahead of the curve.
  • The Storyteller: In a world saturated with information, the ability to capture attention and inspire through compelling narratives will be crucial. Entrepreneurs must master the art of storytelling, communicating their vision with clarity and passion to attract investors, talent, and customers alike.

The future of entrepreneurship isn’t a preordained script; it’s an open canvas waiting to be painted with the strokes of innovation, resilience, and purpose. For those who embrace the challenges and unlock the opportunities, 2024 and beyond hold the potential for extraordinary success. Remember, the greatest entrepreneurial endeavours often emerge from the ashes of challenges, fuelled by a burning desire to leave a lasting mark on the world. So, step into the arena, embrace the uncertainty, and seize the opportunities that await. The future of entrepreneurship belongs to those bold enough to shape it.

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Problem Of Scarcity

Working together we can overcome the worst

There is a finite amount of stuff available that people and businesses want. It is difficult to manage the risks of accessing, sharing and using limited resources. The problem of scarcity and choice lies at the heart of our immediate and at least medium term business risks and lifestyle quality. Scarcity requires choice from buyers and sellers.

How can we work together to overcome the problems of scarcity

How can we work together to overcome the problems of scarcity

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Working together to grow faster and shelter from bad risk events is the only way to survive and prosper in an increasingly dangerous world.

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The pandemic, the war, the energy crisis, the food crisis and the health crisis will create economic chaos over the next couple of years. That does not mean you might as well shut up shop and go home! When chaos causes other business leaders to fold you need to become even more creative, flexible and dynamic. To prepare for the ensuing economic disaster you need to build on your hard work managing effects of pandemic to cover more issues including continuing supply problems, rising costs and bad debt. You may have thought that now a couple of years after the pandemic started you could start to breath more easily. Unfortunately the economic effects of the pandemic were smoothed out with unprecedented monetary support from global governments. However their magic money tree has died! You are on your own now. Now we will see who really are the good business leaders.

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More: You do not have to work it out on your own. Our business experts hub is available to you. Tens of thousands of business risk managers locally and globally are in your pocket, on your phone, to help you navigate your way through this economic storm.

We do not yet know and will never know with certainty, what key risks we will have to deal with in business. This is why we are horizon scanning for you. Our risk management experts are analysing and assessing new risks. We are researching and developing new risk management solutions. Subscribe for free to BusinessRiskTV to keep up to date with potential new threats and opportunities for your business.

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Risk Based Approach To Business Success

Manage your business better with more confidence

Risk based approach in business management. The benefits of risk-based approach include a better understanding of what is really important for your business success. Assess and manage your business risks better.

  • Identify the key risks for your business to ensure you know what you need to focus your mind and money on.
  • Take action to maximise your ability to maintain and boost your business performance.
  • Monitor your progress towards your business objectives in a systematic way to minimise gaps and protect against changing risk exposure.
  • Make best use of your limited assets and resources to avoid wasted money and effort.
  • Develop a flexible business management strategy to better manage the dynamic world of business.

Think more systematically about your business development.

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Business Risks And Opportunities

What are risks and opportunities in business

Managing opportunities and risks better with BusinessRiskTV. Business opportunities come with business risks. External and internal risk drivers will impact on business objectives negatively and positively. Controlling business risks and opportunities can secure greater business success and build stronger business resilience. Identify assess and control business risks better with articles and videos on BusinessRiskTV. Monitor business risks to your business objectives to protect and grow your business faster.

What are the risk and opportunities in business

Managing business risks is a critical business issue all business leaders face. However not all business leaders face the same business risks. Similar businesses can have the same business risks but may have different resources deployed in business risk management. Opportunities for business leaders to grow their business fast are always available to you if you look and take the best course of action. Understand the top business risks facing your business with help tips and support from BusinessRiskTV

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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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  • 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.

Biggest threat to business

What Will Threaten Your Business This Year

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This Will Fundamentally Change The Way You Look At Risk

Do you fear losing what you have created instead of valuing what you might gain from taking more risk?

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How do we make the best use of available business assets and resources to maximise return of investment of time and money

Fear of loss often beats the desire to gain more. Fearing losing everything you have built is natural human reaction. However is your fear getting in the way of seizing new business opportunities? Keep innovating and growing with less uncertainty with BusinessRiskTV.

Develop a holistic risk management culture to drive your business forward. Up your risk appetite to achieve more with more controlled balanced risk taking.

The biggest factor in business leader decision making is fear of loss. People worry about loss more than securing gains.

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Do you have loss aversion bias in decision making?

Business leaders who are loss averse feel the pain of loss much greater that any joy from any gains from decisions made. They make strategic business decisions accordingly. The risk culture of the business models the loss aversion bias of the business leader.

If this works well for your business you should continue with status quo. However if you would like to experience faster business growth you may need to take more calculated risks.

Loss aversion refers to the tendency to prefer avoiding losses to acquiring equivalent gains. It is better for you to not lose 10000 pounds than to make 10000 pounds in business. 

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However most entrepreneurs and many business leaders are in their position to better themselves. If you mitigate the potential losses from taking more risks and manage the risks to maximise the return on your investment you should end up with faster growth with less uncertainty.

It is more common in people who are not entrepreneurs or business leaders to be biased against taking risks. Loss aversion is a reflection of a general bias in human psychology. People tend to want to stick with what they know than make changes that might not work well. People in general are resistant to change. When presented with the potential benefits of change they focus more on what might be lost rather than on what can be gained.

  • What is your business risk tolerance? If you can make changes to try to grow faster that if do not work fall within your risk tolerance would you take more risk?
  • If you adopted small changes rather than one big radical all eggs in one basket change would you feel more comfortable? Spreading your faster business growth changes across a few new ideas may be better for your business. When you know which one of the new changes works best perhaps then you can focus on one new idea.
  • Do not confuse more risk taking in business with gambling. Taking calculated risks to grow faster is about assessing and then managing the risks before you action more risk taking. You can mitigate the threats from more risk as well as maximise the returns from taking more risks.

Few things in business life are guaranteed other than taxes! Even maintaining the status quo comes with the threat of business failure. Kodack photography business was once one of the most successful businesses in the world. How many Kodack films do you buy for your camera now!

The desire to avoid business losses is motivated by fear. The more a business leader fears losses the more likely he or she is to be loss averse and the more likely they are to be disinclined to make changes to their business to be more successful. Having a better understanding of the risks that could be taken to achieve more will make loss averse business leaders more comfortable with changing the the business.

Often the perception of risks and reward are skewed to the belief that you are doomed to fail which means you do not make changes to the business. By the same token it is important that all stakeholders in the business are involved in assessing risks from changes to business. Business leaders who do like taking risks can miss the pitfalls to mitigate against whilst making changes that can cause the change project fail even if it was a great idea.

With a little input and engagement from all levels of the organisation your project to grow faster is more likely to be a success. Take risks that are worth taking which are achievable with everyone onboard.

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Harness the full innovative power of your business. Create a better future with your existing resources. Focus your assets on the opportunities offering the greatest return.

Innovate or wither and die?

Is your business in zombie mode? Is it ticking along but with a little inspiration could be zooming along! Businesses which do not innovate could wither and die in the changes which are already in motion.

If you think the decade has been changing rapidly fasten your seat belt for the next decade! Even the best businesses growing healthily are going to be subject to existential choices.

Take banking industry for example. There is absolutely no reason you will not be banking online with Facebook Google or Amazon instead of Lloyds Barcalys or HSBC.

There are already internet only or app only banking businesses thriving in the UK. They do not have the costs of bank branch network. Fewer employees delivering what especially the younger generation want online. These apps will eventually sell car insurance house insurance mortgages credit cards et al that traditional banks offer. Why could Facebook Google or Amazon not do the same with their astronomical piles of cash. Yes I mean cash as they do not need to borrow money to lend money to you which will make them even more profitable should they start their banking arm of the business in UK.

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If traditional banking industry could fail to survive in future why do you think your business is safe?

Is it not a little arrogant to think your great business is going to survive the coming changes? If the UK ever gets up to speed with 5g which clearly it eventually will then another building block will be in place that will destroy many traditional businesses.

5G is both an opportunity and existential threat to many traditional businesses. Just because what you have done works for your business model does not mean it will work well in future.

are you really getting the most out of your solid business assets?

Even if you have a great business now are you sure it is operating productively? The greatest killer of UK economic growth is poor productivity. The UK does not perform any way near as productively as its developed competitors in the global marketplace.

Could your business grow faster if it took the slack from poor productivity out?

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Turning business adversity into success

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Adversity is the mother of invention. Adversity and success have a close working relationship. However it does not have to be your business that suffers the business adversity. A strong business has a developed and tested business continuity plan BCP. The BCP will not only help you to maintain your business to survive adversity but it will help you identify ways to bring forward business improvements or seize new business opportunities.

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Why is adversity important?

Necessity is the mother of invention. If you have to find a new solution for your business you will find it. Human beings are very clever. Much more intelligent than we realise. However adversity can unveil otherwise hidden abilities to do things better than before adversity hit.

Entrepreneurs and business leaders who overcome adversity

Top entrepreneurs and business leaders quickly identify and exploit opportunities from adversity. The adversity suffered maybe that of your competitors rather than your own business.

Sometimes benefiting from adversity comes from increased demand. Private jet hire cannot cope with current demand due to the coronavirus or Covid19. Thousands of people have died and many tens of thousands have been infected most in China. Commercial airlines like British Airways stopped flying into or out of China due to coronavirus outbreak. Many cannot or do not want to book a flight out of China. Many do not want to fly anywhere with other people they do not know. The result for private jet hire companies is more demand than they can supply. This will boost private jet hire revenue and profit.

The opportunity to grow from adversity is mainly about the change of demand potentially with a reduction in supply. Sometimes profiting from adversity just comes from a reduction in supply. The collapse of a business in your industry may mean you then have the opportunity to sell more and sell more profitably. Thomas Cook holiday and travel business collapsed in September 2019. Many people lost their jobs but many were subsequently taken on by Hays Travel who massively expanded their business within just a few months. TUI travel business had its best month in January 2020. Other holiday and travel related businesses have massively grown on the back of the collapse of Thomas Cook.

The key is to protect your business with a business continuity plan and to be dynamic enough to be prepared to capitalise on potential shifts for demand for your type of business. This includes being very clear on where you want your business to be in x years time and how you could get there. If you know where you are going you can perhaps more easily bring forward your business development plans in the event of a significant risk event not affecting your business directly.

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Business opportunities for growth in 2020s with BusinessRiskTV.com

Discover great opportunities that will allow your business to grow faster in 2020s. Sell products or services to grow your small business into a large business quicker. Look at new markets for your existing products or services or develop new products or services.

Make your business more profitable to grow it faster sustainably. Work with BusinessRiskTV to sell more online more profitably.

Become an entrepreneur. Start and build your own business. Reach customers more easily. Create a business to fulfil your life goals.

Get your business really going in 2020s

Maximise your sales. People are buying what you offer but they need to know where you are instead of where your competitors are.Get people to buy from you.

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Top risks in world economy the threats and the opportunities

Global economic issues and trends with BusinessRiskTV.com

What are the biggest risks to the global economy?

Although unpredictable lets try and predict the future! What is exciting is that clearly there are many threats particularly from the environment and trade wars. There are also massive opportunities for business leaders who are in control of their own business risks.

What are the biggest threats and opportunities to the world in the new decade?

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Some of the biggest global risks business leaders have little control over. Warfare and mass destruction global inequality between countries and unequal economic development creating mass economic migration global trade wars global pandemics political shift towards popularity driven left or right wing positions and systemic collapse of the financial markets. Contingency planning is the best that business leaders can do to manage most of such global catastrophic risks.

However there are risks business leaders do have the potential to have control over but do not always control such global occurring risks. Global risks falling into this category include deteriorating natural environment and global warming as well as cyber attacks.

Many of the risk management solutions for one global risk can manage the threat and opportunity from another risk without extra investment of time or money.

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BusinessRiskTV is scanning for threats and opportunities to the global economy in the new decade. If you look for it you can still see an abundance of wealth and opportunity globally and locally.

Global Recession?

Putting warfare and mass destruction risk to one side the most likely cause of a global recession is the continuing or deterioration of global trade wars.

The climate threat has come off age! The solutions are already known. However the will is less obvious. The financial services industry particularly banks will probably be the biggest influencers in driving environmental protection. Many banks and investors are refusing to finance coal businesses and are threatening divestment and lack of funding for other fossil fuel businesses. Even the governor of the Bank of England has told pension fund managers to sort out investment in fossil fuel based businesses.

The flip side of this is the opportunity to make money from environmental protection. Existing and developing environmental protection technologies are a real business opportunity. Even if your business does not sell environmental protection products or services your brand needs protecting via the adoption of good environmental protection policy.

The world is drowning in debt and fake money. Government corporate and personal debt. How future generations will cope with the weight of debt when many in the developed world are also going to suffer the effects of demographic time bomb detonation. Quite frightening! However one way to cope with future and present global risks is for governments to invest money in infrastructure particularly 5G communication and utilities. Many of the innovation and inventions are going to rely on power and the internet.Necessity is the mother of invention but with power and faster communication we will be trapped in the past with only a vision of how much better our future could be globally.

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Global Risks Management with BusinessRiskTV

The global landscape is changing rapidly, with new risks emerging every day. From geopolitical tensions to cybersecurity threats, businesses around the world are facing a complex and constantly evolving set of risks that they must manage in order to survive and thrive. In this article, we will explore some of the most pressing global risks that businesses need to be aware of and offer some strategies for managing them effectively.

Geopolitical Risks

Geopolitical risks are those that arise from political tensions between countries or regions. These risks can take many forms, including trade wars, sanctions, and military conflicts. One recent example of a geopolitical risk is the ongoing trade war between the United States and China, which has had significant implications for businesses around the world.

To manage geopolitical risks, businesses need to stay informed about political developments in the regions where they operate. They should also be proactive in diversifying their supply chains and hedging against currency fluctuations. In addition, businesses can consider partnering with local organisations or governments to gain a better understanding of the political environment and mitigate potential risks.

Cybersecurity Risks

Cybersecurity risks are those that arise from the increasing use of technology and the internet. As businesses become more reliant on digital systems and data, they also become more vulnerable to cyber attacks. These attacks can take many forms, including ransomware, phishing, and malware.

To manage cybersecurity risks, businesses need to invest in robust cybersecurity measures, such as firewalls, encryption, and regular system updates. They should also educate their employees about best practices for online security, such as avoiding suspicious emails and using strong passwords. In addition, businesses can consider purchasing cyber insurance to mitigate the financial impact of a cyber attack.

Climate Change Risks

Climate change risks are those that arise from the impact of climate change on the environment and society. These risks can take many forms, including extreme weather events, sea level rise, and food and water scarcity. The impact of climate change is already being felt around the world, and businesses need to be prepared for the potential consequences.

To manage climate change risks, businesses can take a number of steps. They can invest in renewable energy sources and other sustainable technologies to reduce their carbon footprint. They can also develop contingency plans for extreme weather events and other climate-related risks. In addition, businesses can consider partnering with governments and NGOs to address climate change at a systemic level.

Supply Chain Risks

Supply chain risks are those that arise from disruptions to the flow of goods and services. These disruptions can be caused by a variety of factors, including natural disasters, political unrest, and pandemics. The COVID-19 pandemic, for example, has had a significant impact on global supply chains, causing shortages of critical goods and disrupting manufacturing and distribution networks.

To manage supply chain risks, businesses need to develop contingency plans for disruptions, such as alternative suppliers and backup inventory. They should also be proactive in identifying potential risks in their supply chains and implementing measures to mitigate them. In addition, businesses can consider investing in technologies, such as blockchain and IoT, to improve supply chain visibility and resilience.

Financial Risks

Financial risks are those that arise from changes in the financial markets or economic conditions. These risks can take many forms, including fluctuations in exchange rates, interest rates, and commodity prices. They can also be caused by systemic risks, such as a global recession or financial crisis.

To manage financial risks, businesses need to be proactive in monitoring financial markets and economic conditions. They should also develop contingency plans for potential disruptions, such as currency hedging strategies and diversified investment portfolios. In addition, businesses can consider partnering with financial institutions and other experts to gain a deeper understanding of financial risks and opportunities.

Managing global risks is a complex and ongoing process for businesses around the world. By staying informed about emerging risks and implementing proactive measures to mitigate them, businesses can reduce their exposure to potential losses and position themselves for long-term success.

It’s important to recognise that global risks are interconnected, meaning that a disruption in one area can have ripple effects across multiple industries and regions. For this reason, businesses need to take a holistic approach to risk management, considering the potential impact of each risk on their operations and stakeholders.

In addition to the strategies outlined above, businesses can also consider partnering with risk management experts and other organisations to stay informed about emerging risks and best practices for risk management. By taking a collaborative approach to risk management, businesses can better anticipate and manage global risks, while also positioning themselves for long-term success in an ever-changing landscape.

Overall, businesses that are able to effectively manage global risks will be better positioned to thrive in a rapidly changing world. By staying informed, developing contingency plans, and investing in resilience, businesses can reduce their exposure to potential losses and position themselves for long-term success.

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Taking more calculated risks

Why calculated risk taking is important with BusinessRiskTV.com

How can a business take more risks to perform better?

Taking more calculated risks in the next decade. Do not fear taking more calculated risks. Business leaders are often afraid to take risks.

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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?
  • What are the potential benefits of taking more risks?
  • How will taking more risks benefit your business?
  • What are the alternatives?
  • How much better would your business perform if the best case scenario came true?
  • What are the worst outcomes that could happen if you took extra risks and how could you reduce the risk?
  • 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.

Guide To Business Enterprise Risk Management ERM
Risk Appetite and Risk Tolerance

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.

Welcome the threats in the 2020s as they bring opportunities

Embrace the opportunities in the new decade but be risk aware about the threats that come with the opportunities to grow. Work together with our network of business leaders and risk management experts to finish the 2020s better than you started.

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Mindfulness can improve your performance

Ways mindfulness can improve your work performance

Maximise your performance by restoring your mind and body with mindfulness techniques. Focus your mind and body on the most difficult task at the beginning of your working day. Do not try to do everything when you start work. Assess what is the most important thing to do to achieve your objectives and do it. This may not be the most urgent thing that needs doing.

Doing what is most important is better for you in long run than doing most urgent things.

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Your business performance may come down to your attitude to risk. However focusing your resources on managing risks better could allow you to embrace business risks more build resilience and achieve better results.

Mindfulness can help you shift your response to business risks.

  • Be more relaxed that your business risks are under control.
  • Encourage a positive risk management culture.
  • Be more creative and innovative.
  • Improve decision making.
  • Encourage more responsible attitude to all stakeholders affected by your business activities

Rebalance your risk management process to take more holistic business risk management decisions. Optimise your business performance.

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Threat and opportunity management

Exploiting Opportunities Mitigating Threats Cost Effectively With BusinessRiskTV

An effective enterprise risk management framework and risk assessment process will identify assess and manage your enterprise risks.

Your enterprise risk management system should help you ensure enterprise risk awareness to mitigate threats and seize new business opportunities.

Control the impact of uncertainty on your business objectives. Create and development new opportunities for business growth. Focus limited business resources on key limiting issues holding your business back. Build business resilience.

Our holistic risk management approach to business decision making can help you develop a new risk based business strategy for greater success. Combat key business threats. Create new profitable revenue streams.

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Business risk management with BusinessRiskTV.com

Identify evaluate and manage business risks better. Discover management of risks tools and techniques. Analyse evaluate and control internal and external risk factors. Tips and advice on the best ways for a business to manage risk impacting on business objectives.

Why is business risk management important? Protect and grow your business faster with less uncertainty impacting on business objectives

Learn how to manage enterprise risks better. Inform your risk management process. Improve your risk management system. Read our guides to business risk management.

Enterprise Risk Management Training Workshops Online

Enterprise Risk Management Training: Looking to boost your business growth? Want to protect your business for significant losses? Think your business could do better with existing resources?

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Finding the latest best risk management products and services can be time consuming or unfruitful. We make easier.

Searching for what you need to inform your business decision making process is free. Come back often to find the best risk management products and services. Pick up the business risk management news headlines opinions debate and business reviews.

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Be better prepared and more cost effectively manage business risks. Treat risks to your business to achieve more with less uncertainty.

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How to identify and analyse enterprise opportunities and threats

Improve your identification and analysis of business opportunities and threats. Subject your business processes to better risk identification and analysis to boost your business performance.

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Use your business strengths to mitigate the threats your business faces. Reduce your weaknesses to control the threats to your business objectives. Seize new business opportunities to build your business resilience.

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Subscribe for free to BusinessRiskTV to follow updates and highlights of articles and workshops on risk identification and analysis

Use enterprise risk identification and analysis to help you grow your business with less uncertainty.

  • Enhance what you are doing well for greater returns on your investment of time and money.
  • Identify new opportunities for your business that you are currently missing or failing to capitalise upon.
  • Control the risks holding your business development back.

Recognise that you do have opportunities to improve your business and what you need to do to make them work well regardless of the business or economic environment.

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Create a business risk management plan after identifying key threats and opportunities for your business: PESTLE example

A business risk management plan for a business leader in the UK could include the following:

  1. Political risks:
  • Monitor changes in government policies and regulations that may affect the business
  • Assess the potential impact of political instability on the company’s operations and supply chain
  • Develop contingency plans for disruptions caused by political events
  1. Economic risks:
  • Monitor economic indicators such as GDP growth, inflation, and interest rates
  • Assess the potential impact of economic downturns on the company’s revenue and profitability
  • Develop strategies to mitigate the effects of economic fluctuations on the business
  1. Social risks:
  • Monitor changes in consumer behavior and preferences
  • Assess the potential impact of social trends on the company’s products and services
  • Develop strategies to adapt to changes in consumer demand
  1. Technological risks:
  • Monitor advances in technology that may disrupt the company’s business model
  • Assess the potential impact of technological innovations on the company’s competitiveness
  • Invest in research and development to stay ahead of technological changes
  1. Legal risks:
  • Monitor changes in laws and regulations that may affect the business
  • Assess the potential impact of legal changes on the company’s operations and compliance costs
  • Develop strategies to mitigate legal risks, such as insurance or implementing compliance programs
  1. Environmental risks:
  • Monitor changes in environmental regulations and standards
  • Assess the potential impact of environmental factors on the company’s operations and supply chain
  • Develop strategies to mitigate environmental risks, such as implementing sustainable practices or investing in renewable energy.

Note: PESTLE Analysis is a framework for assessing the external factors that may affect a business. It is a useful tool for identifying potential risks and opportunities for a business.

PESTLE BUSINESS RISK PLAN

Risk Type Key Considerations Potential Impact Mitigation Strategies
Political risks Changes in government policies and regulations Disruptions to operations and supply chain Monitor political developments, develop contingency plans
Economic risks Economic indicators such as GDP growth, inflation, and interest rates Reduced revenue and profitability Monitor economic indicators, develop strategies to mitigate effects of economic fluctuations
Social risks Changes in consumer behavior and preferences Reduced demand for products and services Monitor social trends, develop strategies to adapt to changes in consumer demand
Technological risks Advances in technology that may disrupt business model Loss of competitiveness Monitor technological developments, invest in R&D to stay ahead of changes
Legal risks Changes in laws and regulations Increased compliance costs and legal liabilities Monitor legal developments, implement compliance programs and insurance
Environmental risks Changes in environmental regulations and standards Negative impact on operations and supply chain Monitor environmental developments, implement sustainable practices and invest in renewable energy.
PESTLE BUSINESS RISK PLAN

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Reinventing Your Thinking Reinvent Your Business Stay Positive

Understand where your business really is and where it has the potential to go to with BusinessRiskTV

Business reinvention with BusinessRiskTV

Change management thinking to a more balanced risk approach to threats and opportunities. Reinvent your business risk management model. Work with top thought leaders in the world of business thinking.

  • Evaluate your current business situation
  • Make more informed business decisions on how to proceed
  • Think about your appetite and business risk tolerance when considering what you want to achieve

The business marketplace is always changing. What people and business leaders want or expect changes. Change your business thinking to respond with more confidence. Proactively manage potential future risks better today.

Step guide to reinventing your business with BusinessRiskTV

Our guide to reinventing your business. Start with your risk management culture. Identify your management team risk appetite and risk tolerance. Identify your corporate tolerance to risk. The key to your business reinvention is your risk culture. You can then change your

  • risk management principles
  • risk management framework and
  • risk assessment process

This will help you deploy a risk management plan that works better for your business.

Develop a new business model for today and tomorrow

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Overcome resistance to become a more forward thinking business with stronger resilience. Build greater business success with less uncertainty. Get ahead of the current business curve.

First step to reinventing a business

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Refresh your thinking and that of your business management team. Focus your resources on whats important to your business success. Manage the significant uncertainties impacting on your business objectives.

Reinvent your business before its too late

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Reinvent your thinking. Reinvent the way you respond emotionally to risk.

  • Is your risk perception reality?
  • How should you respond to risk events affecting other businesses and your business?
  • How do you prioritise risk management action plan?

Choose a more certain more positive business risk management plan for your business.

  • Make sure you have the risk tolerance capacity to manage threats and right risk appetite to achieve greater business success.
  • Adversity and failure can help you become more successful especially if you mitigate downside risk.
  • Grow your business regardless of how tough the economic climate is. Overcome all roadblocks.
  • Drive your business forward. Change course if you need to but keep on track to achieve business objectives
  • Find greater comfort and a quiet nights sleep knowing you have adopted best risk management plan for your business

Get help to find the best way forward for your business. Create more value with less uncertainty from existing resources. Start planning for greater business success.

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Holistic enterprise risk management tips advice and support online

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How do you manage emerging enterprise risks? Could you improve your business performance if you manage enterprise risks better?

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Why Business Risk Management Is Important

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An holistic business risk management approach ensures the best use of business resources.

How To Manage Risk In Business

Practical ways to manage risk better. Tackle common business risks holistically enterprise wide. Learn best practice risk management techniques in business.

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Its not about how to reduce risk

External or internal driven risks threaten your business. They also create new business development opportunities. Reducing the effect of uncertainty on your business is important.

How do you manage enterprise risks? Do you put risk into different silos like safety, insurance, cyber risk, sales strategy etc? They can be rolled into one holistic risk based approach.

What is the most effective way for a business to manage risk? Look at what you are trying to achieve? Could you achieve more with your existing assets? Has good luck been saving you from disaster?

Understand the bigger picture first. When you know what risk you have then manage it.

There is danger being in business. Danger that you could blow your value. Danger you could under perform.

Join the discussion on how to manage risk in business better

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Enterprise risk management articles. Latest news opinions and product and service reviews. Engage with your peers. Ask the experts for help to overcome your risk management problems.

Read more and watch more videos online. Develop your risk knowledge to improve business performance. Sign up to BusinessRiskTV.com for alerts to latest in business risk management.

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Identifying Business Opportunities

Process of business opportunity identification and evaluation

Identify and evaluate all the opportunities for a better future for your business. Proactively keep all business opportunities under review and assess the potential outcomes of pursuing each opportunity. Focus your resources on winners using a risk-based decision-making process. Optimise the return of your investment of time and money. Create greater value and optimise outcomes.

Optimise Risk For New Business Opportunities For Your Company

Analysing Your Business Strengths Weaknesses Opportunities Threats SWOT
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How To Identify new business opportunities

How do you become more successful as a leader?   The answer is to reduce the risks and maximise the opportunities for our company.

It is most certainly a challenge to grow a business faster with less uncertainty, but that is what we help business leaders do.   Don’t miss out on the new opportunities for your business to grow faster.   Minimise the extra threats from taking more risk and maximise the opportunities for your business with your existing resources.

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Do you understand weaknesses and strengths of your business strategy

Looking at strengths and weaknesses of an organisation with BusinessRiskTV.com

Could you be wasting your business resources? Could you achieve more with the business assets you already have? Find out how to protect and grow your business faster with less uncertainty.

Will your strategy for business success fail or fail to achieve more?

Analysing your business strengths weaknesses opportunities and threats will help you understand your business better and the marketplace within which you need to succeed. By identifying where you are now within the market will facilitate any assessment of the best strategies for future business success.

  1. Decide how best to allocate your limited resources to get the best return of your invest of money and time
  2. Assess which weaknesses and threats to mitigate and which to accept
  3. Assess which strengths you need to capitalise upon
  4. Assess which new business opportunities will bring greatest reward from the same cost of capital and management time.
  5. Set a new strategy for business success with more confidence

Not only must you protect your business but you must explore the opportunity cost of not doing something that could bring greater rewards with the same cost.

By getting the most from your money and time you can maximise the profitability of your business.

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Assuming you are managing enterprise risks well can be dangerous

You might be taking too much risk unknowingly but you might also be taking too little risk and failing to make the best use of your business assets.

Guide To Business Enterprise Risk Management ERM
Risk Appetite and Risk Tolerance

How confident are you that you are managing enterprise risks cost effectively?

What are the hidden costs of your failure to manage risk properly

  • Missed opportunities cost
  • Over protection of business wasting resources and increasing your costs
  • Under protection leaving you exposed threatening your survival or prosperity and stopping you getting a quiet night’s sleep

Can you demonstrate to your business stakeholders that significant enterprise-wide risks are being effectively managed? Have you a balanced risk -reward risk management plan that prioritises the allocation of resources for best potential effect on business objectives? When was the last time you reviewed your enterprise risk management plan?

Enterprise Risk Magazine

Controlling the risks in the workplace is not just about safety and business insurance. Your business must control enterprise wide risks. What is the aggregate effect of risk on your business objectives? Do you understand the threats to objectives and the opportunities you have in front of you?

Find out how enterprise risk management can help you monitor your overall business’s performance

Identify and manage both external risk drivers and internal risk drivers impacting on your business success.

Manage Risk Better
Improve your risk knowledge to solve business problems today and in future

Do you have confidence your business is ready for emerging risks?

We are only at the beginning of the 4th Industrial Revolution. Many jobs are going to disappear. Many jobs are going to change. Businesses that don’t change to reflect emerging risks will not survive the rapid changes that have started but will accelerate over next few years.

Prepare Your Business For The Fourth Industrial Revolution

Maximising business opportunities for growth 

There is a yin and yang to all threats and opportunities.  

  • Every threat comes with an opportunity to change for the better.  
  • Every opportunity comes with a threat that the new will destroy existing value.

Business decision makers have tougher choices now than many recent business leaders have faced and many choices may threaten survival if you choose badly. Making good choices could also drive your business forward much faster than recently possible due to the financial crisis of 2008 and recovery therefrom.

Risk and Opportunities Analysis

Have you identified and assessed your enterprise wide risks?

What have you done about the more significant risks to your business objectives? Managing risk is increasingly central to the art of business management. It is not a science. What is right for one business may not work for another in the same industry. Much will depend on the leaders of each business within the same industry.

Business Risk Assessment
Enterprise Wide Risk Assessment For Faster Business Growth With Best Use Of Business Assets

Give your managers more confidence in your company to prperly assessing all the signiciant business risks to your organisation.

There is a risk to every business decision you make. Systematically look at all the risks across your business to enable you to focus your limited resources on the options most likely to boost your business performance, productivity and profitability.

Armed with the right risk management tools and techniques, risk knowledge and business intelligence you can manage risk more cost effectively more successsfully.

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Are you confident you are managing all significant business risks cost effectively

Upskilling Your Workforce

Upskilling The Workforce In UK

Upskilling training online and in-classroom to protect your business and grow faster. Take the opportunity to upskill staff in UK and expand their capability to achieve more for your business. Teaching workers new skills need not be unaffordable. We simple the process of learning new skills so your business is protected and has flexibility to grow faster.

Why is upskilling important to your business

There is a growing skills shortage in the UK. A skills shortage can threatening your current turnover levels or restrict potential business growth in 2018 and beyond.

  • Increased productivity so make more money with same assets
  • Improve customer satisfaction with improved customer service
  • Improved communication clarifies what is needed to make adjustments quicker
  • Improved employee motivation and engagement will help identify currently unfulfilled business opportunities
  • Improved profits leading to increased rewards higher employee retention and increased business resilience and sustainability.

Improving your employees skills and knowledge will encourage your employees to be more creative to overcome business problems faster and seize new business opportunities.

Discover the best methods to engage your employees more in the future of your business via enhanced upskilling training

Choose from day-to-day learning support of new skills in the workplace to going to our Business Risk Academy.

BusinessRiskTV Upskilling Your Workforce

Mitigating Threats Maximising Opportunities

Improving business performance with BusinessRiskTV.com

Taking risks is critical for heightened business success. Too much or too little risk taking exposes an enterprise unnecessarily or restricts business performance unwittingly. Missed opportunities can be as expensive as massive business losses.

New Business Strategies Are Increasingly Important To Be More Successful For Longer

Guide To Business Enterprise Risk Management ERM

Risk Appetite and Risk Tolerance

contact us for more information on risk taking with less uncertainty with businessrisktv

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Minimised Threats Maximised Opportunities

Strategic foresight consultants can help business leaders and entrepreneurs to make a success of their business regardless of the business environment. They inform the decision making process to reduce uncertainty and improve productivity.

Business Opportunities and Threats

Business Threats and Opportunities Live

Understand the threats and opportunities in front of you. Make decisions now to protect your business better and grow it faster. Identify evaluate and manage risks to exploit the creative insight of your existing employees to become more productive and more successful.

Business Risk Partners

BusinessRiskTV Risk Partners

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

BusinessRiskTV Mitigating Threats Maximising Opportunities

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

Understand what your key threats and opportunities really are with BusinessRiskTV

Take The Courage To Embrace Potential Failure Of Business

You Control the Solutions to Your Business Problems: Exploring Creative Thinking and Problem Solving in Business

In the dynamic landscape of business, problems are inevitable. From operational inefficiencies to market challenges, businesses face a myriad of obstacles that require strategic thinking and effective problem-solving skills. The ability to identify, analyse, and resolve these issues is crucial for organisational success and growth. This article explores the significance of problem solving in the business realm, delving into the BusinessRiskTV model as a powerful tool for addressing challenges. Furthermore, it highlights the role of creative thinking in problem solving and provides three practical ways businesses can leverage creativity to overcome obstacles.

  1. Understanding the Solution to Business Problems
    Before diving into the solutions, it is essential to grasp the concept of business problems and their significance. Business problems can range from operational bottlenecks to strategic dilemmas, and their resolution plays a vital role in maintaining competitive advantage and ensuring sustainability. By identifying the root causes of problems and employing appropriate problem-solving techniques, businesses can create innovative solutions that drive progress and success.
  2. The BusinessRiskTV Model of Problem Solving
    The BusinessRiskTV model offers a structured approach to problem solving, enabling businesses to navigate challenges effectively. This model involves six key steps: problem identification, analysis, solution generation, evaluation, implementation, and review. By following these steps, organisations can systematically address problems, ensuring comprehensive and sustainable solutions. The model encourages a proactive mindset, emphasising the importance of continuous improvement and learning from past experiences.
  3. The Importance of Solving Business Problems
    Solving business problems holds numerous benefits for organisations. Firstly, it helps optimise operational efficiency by identifying and eliminating inefficiencies, reducing costs, and improving productivity. Secondly, problem solving enables businesses to adapt to changing market conditions, seize opportunities, and stay ahead of the competition. Furthermore, effective problem-solving fosters a culture of innovation, empowering employees to think critically and contribute to the organisation’s growth.
  4. Leveraging Creative Thinking in Problem Solving
    Creative thinking plays a crucial role in solving complex business problems. By encouraging fresh perspectives, challenging assumptions, and exploring unconventional solutions, businesses can unlock new possibilities and generate innovative ideas. This section explores three key ways in which organisations can utilise creative thinking:

a. Divergent Thinking: Encouraging brainstorming sessions and open discussions enables teams to generate a wide range of ideas. By embracing diversity and inclusivity, businesses can tap into the collective wisdom of their workforce and uncover unique solutions.

b. Design Thinking: This human-centered approach emphasises empathy, understanding, and collaboration. By immersing themselves in the customer’s perspective, businesses can develop innovative solutions that cater to their needs, preferences, and pain points.

c. Reverse Thinking: This approach involves challenging the status quo and flipping the problem on its head. By questioning assumptions and exploring alternative perspectives, businesses can discover fresh insights and uncover unconventional solutions.

What is the solution to the problem in the business? What is the McKinsey model of problem solving? Why is it important to solve business problems? What are 3 ways a business can use creative thinking to solve business problems?
What are business problems you may need to solve today?

Solving business problems is an imperative aspect of organisational success. By embracing the BusinessRiskTV model and incorporating creative thinking, businesses can take control of their challenges and pave the way for innovation and growth. The ability to identify problems, analyse their root causes, and generate effective solutions enables organisations to adapt to dynamic market conditions and gain a competitive edge. Moreover, by fostering a culture of creative thinking, businesses can unlock new perspectives and ideas, fueling continuous improvement and long-term success. Ultimately, the power to control the solutions to business problems lies within the organisation itself, and by leveraging their resources, knowledge, and creativity, businesses can overcome obstacles and thrive in an ever-evolving business landscape.

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Then take action to reduce the risk of failure

What is achievable in your business?

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

Understand Key Threats And Opportunities

Use risk management experts to help you make right choices

Once you know what your biggest business problems are you can identify how to best use limited business resources to reap the quickest gains to achieve greater business success more quickly.

Too often people in business at all levels of the organisation are working extremely hard. This can be a problem because they can burn out whilst solving problems that do not matter to the achievement of key business objectives. Solutions include employing more staff to work on the same minor business problems then business leaders wonder why they are spending more without any increase in business productivity and no business performance improvement.

Improving business performance requires better use of existing key business assets for a better return in your investment of time and money.

Develop the quality and capacity of your workforce to achieve more for themselves and the business

Training employees to help themselves will help your business achieve its objectives by overcoming the biggest business problems more easily with existing  resources.

Get Help To Grow Your Business

Get Help To Grow Your Business Faster – BusinessRiskTV.com

What are your biggest business problems

If you can’t answer this question immediately, right now, then you are missing out on quick more profitable gains to easily make your business more successful.

If you can answer this question immediately and with near absolute certainty then you should be performing pretty efficiently already. If not why haven’t you taken steps to remove barriers to your greater business and personal success?

Develop a new business management strategy with a new decision making process designed to help you identify evaluate and manage your biggest business problems more cost-effectively. If you can’t tell us what your biggest problems are in a very short summary of the key information then you haven’t truly identified your biggest critical business problems impacting on your business objectives.

Strategy to compete with competitors

Discover How To Beat The Competition In Sales

You could develop a new business strategy for success that is less complicated, cheaper to implement and brings greatest rewards if you change your thinking about business management.

This could be a pivotal momentum for your business

You either know exactly what you need to do today to change your business trajectory or you may need a little outside help. BusinessRiskTV can provide that help.   If you do not need help we wish you well for the future.   If you do need help get in touch below and tell us what you need help with.

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A to Z Guide To Risk Management

Enterprise risk management ERM tips advice and support with BusinessRiskTV.com

A to Z guides. Understand the theory and practice of risk management. Ask for help tips advice and training to embed risk management in your organisation.

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Practical Guide To Enterprise Risk Management

Help to manage corporate business enterprise risks better

A to Z Business Risk Management

BusinessRiskTV Guide To Risk Management

Access help online to understand risk management better and find a practical way to apply it to your business or enterprise.

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Business Live

Connect with business leaders with BusinessRiskTV.com

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

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BusinessRiskTV Business Live

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

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

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

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

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

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

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

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

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

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Take More Risk With Confidence To Boost Your Business Performance

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

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

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Small Business Improvement Ideas

Strategies to improve business performance with BusinessRiskTV.com

Could you improve your business? Discover small business improvement ideas. Most businesses could improve. It can be be easier to work with other business leaders to improve your business.

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How To Improve Productivity in UK

How Do I Improve My Small Business

Making improvements to your small business is an ongoing process. We do not have a silver bullet to small business problems but we can help with some of the barriers to small business improvement barriers.

Access low cost ideas to boost your small business. Make better use of your existing resources to protect your business better and develop new growth ideas and opportunities. We have simple strategies to improve your business success rate.

improve productivity in business

Find ways to improve your business

Learn new ways you can improve your business today. Can your business improve its competitiveness and profitability? We can help you get to the front of the queue. We don’t try to get people to buy products or services they do not need or want. We do help you to make the sale before your competitor does.

There are numerous steps you can take to improve your marketing approach. We have a few ideas to help you grow faster more profitably.

For advice and inspiration on how to start or grow your business subscribe to BusinessRiskTV Small Business Solutions via the form below.

Marketplace Consultants Helping Online Selling Partners Grow Their Business Faster With BusinessRiskTV
Marketplace Consultants Helping Online Selling Partners Grow Their Business Faster With BusinessRiskTV

Suggestions to improve company performance

How to improve an organisation performance will vary depending on the type of business and the culture of your business developed by its leaders. Our approach is flexible.   We would welcome the opportunity to talk to you about our ideas for better business protection and faster growth.

Every organisation is striving to improve. We can help you achieve that improvement through greater employee engagement to simple tools and techniques to attract new customers.

  • Pick up tips and ideas for improving overall company performance with a risk based approach to business management.
  • We will help you find the best way to improve business efficiency and develop new ideas and opportunities for your business.
  • Access tips to help you improve your business performance today

Boost your small business performance with BusinessRiskTV.

Better Business Performance With BusinessRiskTV
Better Business Performance With BusinessRiskTV

BusinessRiskTV Small Business Improvement Ideas

Access latest small business improvement ideas by submitting the form below and entering code SMALL BUSINESS IDEAS. By submitting the form you agree to submit your details and your business details to BusinesRiskTV and its business partners who will contact you regarding small business improvement ideas.

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Promote and market your business on BusinessRiskTV for 12 months

Put your business products or services in front of more potential new customers more cost effectively.

Cheap ways to promote your business
Find out how to promote your business locally and globally

Increase your online sales. Link to your existing sales process from BusinessRiskTV. Maximise your profit with new income stream.

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How Do You Assess Business Risks

Business risk assessment tools techniques and tips with BusinessRiskTV.com

Identify and assess your business risks. Identify risks to your business objectives. Control strategic operational and project risks. Prioritise the use on your limited resources after assessment of the key risks.

Subscribe to BusinessRiskTV for free alerts and bulletins on how to assess business risks

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Business Risk Assessment and Management

Learn how to assess risk and create a risk management plan to improve business performance. Identify cost effective controls to mitigate and reduce risks.

Managing Business Risks Better with C&C Associates
Managing Business Risks Better with C&C Associates

Evaluate business risks. Identify and assess factors with downside impact on corporate objectives, or upside potential to boost business performance.

Find out about a different more risk based approach to planning your business’s future success.

Develop a new process of identifying risks, assessing risks and developing new strategies to manage risks facing your organisation.

Manage the internal risks and external risks facing your business better

Learn from peers and risk assessment experts. Continuously improve your own risk assessment process. Pick up tips on how to embed and integrate risk assessment into your enterprise’s strategic, operational and project decision-making.

Regularly meet online wherever you are in the world to speak to your peers and risk assessment experts. Collaborate on agreed risk assessment projects or learn during risk assessment workshops to improve your risk knowledge and risk management skills.

  • See a different risk perspective based on others experiences and risk knowledge that will provide a different enterprise risk insight
  • Improve the effectiveness of your risk assessment process to boost your enterprise performance
  • Like minded individuals working to improve risk assessment best practices
  • Improve your corporate risk and strengthen your resilience

Learn how to assess business risks

 

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Learn How To Increase Sales

Discuss unique ways to increase sales

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How to improve sales performance with BusinessRiskTV. Discover unique ways to increase sales. Network with top business leaders and risk professionals to increase sales.

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Promote and market your business with BusinessRiskTV for 12 months

Effective Digital Marketing Strategy
Reach influencers key decision makers and the business leaders who will buy from your business

How To Get More Sales

For a business to be sustainable it needs to increase sales from existing customers or find new customers. Learn how BusinessRiskTV can help you to increase your sales.

Competition for new customers is tough. Getting seen before your competitors products or services are may mean the difference between a new sale or lost opportunity to grow faster.

Risk Management Think Tank Building Business Growth Faster
Risk Management Think Tank Building Faster Growth

Want To Develop A New sales strategy?

Increase your sales. Boost your profit. Grow faster with less uncertainty.

How It Works

  1. Contact us to schedule an online meeting and discussion about your business needs
  2. We will submit a proposal to create a new sales strategy running alongside your existing sales and marketing or in addition
  3. We will implement the new sales strategy agreed plan to grow your business faster more profitably.

You review how successful it has been for your business. If it was successful you ask us to repeat!

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