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Manage Risks Better

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.

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What risks are you controlling? What enterprise risks should you not control? Manage the risks you can realistically influence the likelihood of and impact on business objectives should the risk materialise.

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Just because your industry or business sector or country is under the cosh does not mean your business needs to suffer too.

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Reduce the impact of the business environment on your business objectives. Take control of the things you can control. Focus your business assets on positive risk management. Invest in business improvement. Learn from other business leaders mistakes. Stop trying to reinvent the wheel and apply best business practices to your business developed by others.

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Do not just live in our own business bubble. Find the people who complement your business or even fill holes in your business structure. Build healthy business relationships with help from BusinessRiskTV. Care for your new business partners and seek help in return to become more successful. Find time for others you can help to receive help.

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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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Treat your enterprise risks better. Avoid reduce transfer or accept risks more holistically more cost effectively.

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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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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.

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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.

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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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Executives Behaving Badly

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.

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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.

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.

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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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.

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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

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