Find the best business risk management courses online and near you with BusinessRiskTV
Business risk management is an important aspect of running any business. Whether you are a small business owner or a large corporation, understanding and mitigating risks is crucial to ensuring the longevity and success of your business. However, not everyone has the expertise or resources to effectively manage risks, which is where BusinessRiskTV.com comes in.
BusinessRiskTV.com is a leading provider of business risk management courses that cater to businesses of all sizes and industries. Their courses are designed to help businesses identify potential risks, evaluate their impact, and develop effective risk management strategies to mitigate those risks. Let’s take a closer look at what BusinessRiskTV.com has to offer.
One of the key benefits of BusinessRiskTV.com’s courses is their flexibility. They offer a range of courses that can be tailored to meet the specific needs of your business. Whether you are looking for an introductory course to get started with risk management, or a more advanced course to help you develop a comprehensive risk management plan, BusinessRiskTV.com has you covered.
Their courses are also delivered in a variety of formats, including online courses, webinars, and workshops. This allows businesses to choose the format that best suits their needs and schedule. Online courses are particularly popular as they offer businesses the flexibility to learn at their own pace and on their own schedule.
In addition to their flexible delivery options, BusinessRiskTV.com’s courses are also taught by experienced risk management professionals. This ensures that businesses are learning from experts who have real-world experience in managing risks in a variety of industries. This practical knowledge is invaluable for businesses looking to develop effective risk management strategies that are tailored to their specific needs.
Finally, BusinessRiskTV.com’s courses are designed to be accessible and affordable for businesses of all sizes. They offer a range of pricing options, including pay-as-you-go plans and discounted rates for bulk purchases. This makes it easy for businesses to access high-quality risk management training without breaking the bank.
BusinessRiskTV.com’s business risk management courses are an excellent resource for businesses looking to mitigate risks and protect their long-term success. With flexible delivery options, expert instructors, and affordable pricing, BusinessRiskTV.com is a one-stop-shop for all your risk management training needs. So why not check out their courses today and see how they can help you take your business to the next level?
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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Whether you accept avoid transfer mitigate risks or exploit risk opportunities is not straight forward. Find new ways to improve the culture of risk management to boost business performance. Increase your business success.
How do you manage risks?
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What risks should you take and which should you not tolerate?
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Sometimes we have to accept the risks our businesses face to achieve our goals. Taking no action to control the risks does not mean you have not managed the risk. It means you have identified and assessed it and proactively choose to accept it as the risk is within your risk tolerance and appetite for risk.
The other extreme is that you avoid the risk identified. The risk is beyond your risk tolerance and appetite for risk to pursuance of your business objectives.
Developing a balanced risk management action plan is not easy but it should be simple to work well.
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Taking the right steps to manage risks will boost your business performance with less uncertainty.
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Being in business can be tough
Strong businesses develop a positive risk management thinking strategy. Find the best in any business environment.
Stop looking for things and people to blame for your poor business performance. Research the risks impacting upon your business objectives. Lessen uncertainty. Create positive change in your business.
Learn how to allow and plan for the unexpected. Embrace all risks in business
Proactive Risk Based Approach To Business Management
Proactively develop your own risk awareness impacting on your business objectives. Embrace the changing business environment and internal risk factors. Get really good at manage enterprise risks to set clearer path to success.
Take control of your future.
Change what you do to achieve more with less uncertainty.
Embrace all your responsibilities and behave responsibly.
Make things happen for your business.
Focus on what really matters for your business.
Set a clear path and arrive at where you want to get to more confidently
Strong businesses adopt a proactive risk management approach with clear risk management strategy for success. Develop a more stable business with better relationships with all business stakeholders. Be prepared to take on best business opportunities.
What do you want your business to achieve and what are you doing to make sure you are successful?
What risks are you controlling? What enterprise risks should you not control? Manage the risks you can realistically influence the likelihood of and impact on business objectives should the risk materialise.
Strong businesses assess the risks then implement a well thought out risk management plan. Take some time to analyse different options and identifiable consequences on your business objectives but do not procrastinate. Take risk based business intelligent decisions quicker with more confidence.
Dream Bigger And Implement A New Reality For Your Business
Do not bury your head in the sand or fail to take calculated risks to improve your business performance. Be better prepared to aim higher with stronger business resilience to overcome obstacles. Focus your limited resources on more achievable business goals. Take risks with more confidence. We are not advocating recklessness. Be responsible and consciously embrace the unexpected.
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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:
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
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
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
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
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
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.
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For risk management to work best it needs to be holistic and integrated into normal business decision making. Increase senior managers and executives awareness of enterprise risks impacting on enterprise objectives to boost performance.
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Capture competitive advantages you have in your marketplace
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Treat your enterprise risks better. Avoid reduce transfer or accept risks more holistically more cost effectively.
Improve your risk assessment process to manage risks to you enterprise
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Enterprise risk management should not be a functional affair. It should help inspire and engage all levels of the organisation in managing business risks holistically.
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Sell on BusinessRiskTV and fulfil order via your existing sales process. When an order has been placed for one of your risk management products the buyer can be immediately directed into your sales systems.
The Risk Management Marketplace includes independent sellers who offer a variety of business risk management products and services. Buying from a Risk Management Marketplace Seller is quick and simple and often cheaper than buying elsewhere.
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How can business leaders better protect and grow their business
Identify the key business risks that could impact on your business. Assess the risks and evaluate potential risk management solutions to help you. Mitigate threats and seize new business development opportunities.
We look at the businesses the risks and the business risk management leaders to review the business threats and the opportunities for businesses in UK and globally.
What to watch on BusinessRiskTV?
What is in focus for BusinessRiskTV and its online broadcasting partners? Our online business leader community explore the risks impacting on business success or failure.
Which businesses should inspire you to change your business management systems?
Which businesses could you learn from in terms of how not to manage your business?
What are the emerging risks that could help or hinder your business performance or even survival?
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Figure out what to watch to match your country risks or industry risks to maximise your business risk knowledge and business intelligence library. Pick the best original broadcasts for your business needs.
Find something to watch on BusinessRiskTV to inform your own business decision making process to reduce the impact of uncertainty on your business objectives
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Subscribe to receive free alerts to new online streaming releases so you know what to watch. Watch it on demand whenever you want or watch live events workshops and training courses.
BusinessRiskTV regularly adds new broadcasts to our risk management back catalogue and Risk Management Video Library. You can even download some online broadcasts so you can select the best broadcasts worth watching again and again whenever you want. We also select the best risk management partner videos worth your while watching and add them to our Risk Library.
A quick of our calendar can also alert you to new recommended risk management information you might want to make yourself aware of including risk management articles news and videos.
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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.
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.
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Corporate Misbehaviour Is A Misnomer
Corporate or enterprise entities do not make mistakes or create a bad business culture executives do. Illegal unethical or bad business practices arise because that’s the way executives want a company to achieve corporate objectives. Executives may or may not consider their business practices as bad or unethical but the result is the same corporate misbehaviour.
Understanding corporate misbehaviour
It may be a pointless waste of money undertaking a business health check if the executives are going to be unreceptive to the final risk management report, or simple pay lip-service to the outcomes.
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Many CEOs know what game needs to be played with enterprise risk management ERM before they can return to their own agenda for the business. Internal or external risk management audits can just play into the CEO’s attitude to risk management. Such executives short-term philosophy seems to rely on the hope that the shit doesn’t hit the fan during their time as CEO and whatever happens after they move on is not a concern for some incumbent CEOs.
Much of executive misbehaviour, and therefore corporate misbehaviour, is a direct result of executive pay and associated benefits. Misdirecting executive pay and rewards drives most if not all catastrophic corporate collapses. Before the collapse poor executive pay and rewards strategies poison business innovation and employee motivation.
To anticipate which companies will survive sustainably you could look at how executives are rewarded. It is the single biggest driver of corporate culture and long-term success, or not as the case maybe.
Executive managers cause corporate scandals, corporate scandals are not externally driven. The proximate cause of the corporate scandal or collapse doesn’t start further down the organisation nor does it start from outside the company. CEO bad behaviour is normally the proximate cost or the catalyst for corporate collapse.
Corporate Scandals
Corporate scandals aren’t a surprise to most executives, never mind the CEO. They take the level of risk they think is required to achieve their business objectives. They roll the dice and sometimes it pays off and sometimes it doesn’t.
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For example, many in the banking and finance industry look upon the financial crisis as an external risk that impacted on their business strategy. No, or little, blame can be placed at the bankers door! It was all the other bankers and financers who were at fault for their share price collapse, mass redundancies and lost business opportunities – not their fault as their business was doing just fine until the financial crisis tsunami hit their business.
Such egotistical responses stem from either self preservation, or lack of care for their part in the near global systemic financial collapse of the banking and financial sector and the very near global anarchy which would have ensued. Politicians, who were part of the problem, became part of the solution – make money as cheap as possible via low interest rates and massive almost unremitting quantitative easing QE.
Mothers forget how bad childbirth was
More than a decade after the start of the financial crisis there is still mass unemployment in the developed world and the developing world lost a decade of opportunity to crawl out of poverty. However, the key decision-makers in the business world have either forgiven themselves or reinvented themselves in position of power. In addition, a new raft of politicians are in place, or about to find positions of power, to facilitate the next financial crisis.
At its least useful, enterprise risk management ERM is a tool to spread the blame should the shit hit the fan, so one would have thought that ERM could be more popular than it is. At its most useful it helps business leaders make business decisions that are more likely to be good ones for the long-term sustainability of the business for the benefit of all stakeholders in the business – including the CEO.
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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.
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Learn how to assess risk and create a risk management plan to improve business performance. Identify cost effective controls to mitigate and reduce risks.
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