Are you ready for 2024?

Whatever unfolds in 2024 is not going to be good for the global economy but that does not mean it can’t be good for your business – if you are prepared!

Sharpening the Saw: Risk Management in a Perilous 2024

As the calendar edges towards 2024, casting a long shadow over an already turbulent 2023, businesses find themselves teetering on the precipice of an increasingly dangerous economic environment. Inflation roars, supply chains sputter, and geopolitical tensions crackle like live wires. In this landscape, the ability to anticipate, navigate, and mitigate risk transcends mere competence – it becomes an existential imperative. Enter the age of the sharpened saw.

The metaphor, popularised by Stephen Covey in his seminal work “The 7 Habits of Highly Effective People,” speaks to the vital need for continuous renewal and self-improvement. In the context of business risk management, sharpening the saw translates to the proactive honing of skills, knowledge, and strategies to effectively manage and mitigate potential threats. It’s about staying ahead of the curve, not merely reacting to the blows as they land.

But why is this so crucial in 2024? The answer lies in the confluence of multiple, potent risk factors. The global economic slowdown, fuelled by rising interest rates throughout 2023 and inflation created by overprinting of money by central banks, threatens to dampen consumer spending and cripple businesses across industries. Supply chain disruptions, exacerbated by ongoing geopolitical tensions, continue to cast a long shadow, making it difficult to secure essential materials and ensure smooth operations. And lest we forget, the ever-present spectre of climate change lurks, unleashing its fury in the form of extreme weather events and resource scarcity.

This perfect storm of risks calls for a new breed of business leaders – not simply risk averse, but adept at navigating turbulent waters. These leaders recognise that knowledge is not power, but risk intelligence. As the ancient Chinese philosopher Sun Tzu observed, “Know the enemy and know yourself; in a hundred battles you will never be in peril.” In today’s economic battlefield, the “enemy” is not a singular entity, but the ever-shifting sands of risk itself. Understanding these risks, their interconnectedness, and their potential impact requires continuous learning, strategic foresight, and a data-driven approach to risk assessment.

This is where sharpening the saw comes into play. Businesses must invest in their people, equipping them with the skills and knowledge needed to identify, analyse, and mitigate risks. This includes:

  • Scenario planning: Developing a range of potential outcomes based on different risk scenarios and stress-testing strategies to ensure resilience.
  • Data analytics: Leveraging data to identify patterns, predict trends, and make informed risk management decisions.
  • Cybersecurity awareness: Recognising the growing threat of cyberattacks and implementing robust cybersecurity protocols.
  • Crisis communication: Preparing for and effectively communicating during times of crisis to maintain stakeholder trust and mitigate reputational damage.

Investing in training programmes, risk management software, and fostering a culture of risk awareness are all essential steps in sharpening the saw. As the Roman philosopher Seneca wisely said, “Luck is what happens when preparation meets opportunity.” In the volatile economic landscape of 2024, preparation is not simply prudent, it’s a matter of survival.

Sharpening the saw extends beyond internal efforts. Building strong relationships with key stakeholders, including suppliers, partners, and regulatory bodies, can provide invaluable insights and early warning signs of potential risks. By fostering an ecosystem of collaborative risk management, businesses can collectively weather the storm and emerge stronger on the other side.

The road ahead will undoubtedly be fraught with challenges and uncertainties. But for those who choose to sharpen their saws – to proactively manage risk and continuously adapt to new threats – the future, though perilous, holds the promise of resilience and growth. Remember, as the German philosopher Nietzsche declared, “He who has a why to live can bear almost any how.” In 2024, our “why” should be the preservation and growth of our businesses, and our “how” should be the relentless pursuit of and proactive mitigation. Let us sharpen our saws, face the uncertain future with courage and foresight, and emerge from the economic jungle not merely unscathed, but thriving.

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Keys to better decision making with BusinessRiskTV

How can we make faster and better business decisions?

Use our business risk management tools and techniques to inform your business decision making.

How to improve decision-making in business

  1. Access unbiased independent business risk information in your business risk management process.
  2. Identify assess and understand your best business opportunities and threats to your business assets.
  3. Prioritise your limited resources of time and money to focus your business energy on those issues most likely to bring you success in business.
  4. Waste less time on trivial, low-risk or unimportant things related to your business objectives.
  5. Gain risk insight knowledge and business intelligence to improve your business decision-making.
  6. Make better decisions and act on what do you have decided upon quickly.

Make sure that decision-makers are accountable for their risk analysis, decisions and actions. overcome your false risk perceptions with better risk analysis and learn to stop analysis paralysis holding your business back.

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Strategies for managing employee shortages

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How do you attract recruit and retain top talent?

What is it about your business culture or reputation that should attract more job applications? How do you engage with your employees and fulfil their career progression aspirations? How well do you communicate with your existing employees and with those whom you wish to attract to your business? What opportunities are there for your employees to learn and develop their skills whilst improving your business development?

How are you handling your talent shortage?

Have you overlooked the potential of your existing employees to fill your own skills gaps? Could you adjust your job descriptions to attract people who have the potential to grow into roll you need to fill? What could your business do in the short-term to manage what may be a short-term problem?

If you are not filling up your boat fast enough, what are you doing stop it leaking!

Many businesses under value the talent they have in their business already. The cost of replacing existing talent can include a higher salary to attract staff who leave, lost business waiting to fill job vacancies and the dissatisfaction of the employees left within the business.

  • Do you know if you have a problem of staff retention? There is a tendency for business leaders to blame the people who have left the business when the problem is how business leaders manage staff retention.
  • Do you know if you’re wages and benefits are competitive in the marketplace? A leaky boat could become a sunk boat! You may need to adjust your business priorities to prevent future issues becoming catastrophic.
  • Could better use of existing staff not only improve the business, but boost the confidence and loyalty of existing staff to stay with the business for the long haul.
  • What other changes apart from P can your business make to encourage existing staff to stay and attract talent? many people know value flexible working opportunities over higher pay and that may keep your existing staff or attract new employees.

The fuller engagement of employees in the journey of the business can pay dividends in terms of staff retention and avoidance of service quality issues.

Upskilling your workforce is essential for retaining and attracting new talent.

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You may need to change your approach if resourcing is causing business development problems. The cause of your skills gap maybe your own doing or maybe a marketplace issue. Either way your skills gap will need to be addressed if it is to stop impeding your business progress. What is your plan to fill your skills gap?

Strategies for managing employee shortages

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Manage megaproject risks with unprecedented project intelligence analytics and protect value and outcomes with BusinessRiskTV help, tips, advice and training.

Risk Management & Project Intelligence

Managing risk in complex megaprojects with project intelligence you can achieve megaproject results on time delivery, within or even under budget, and with less uncertainty.

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  • Practical learning is delivered by risk management and megaproject experts with decades of experience.
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  • Excellent value-for-money services provided to you and your team when we transfer to you our risk management and megaproject intelligence skills.
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  • Take your career in project management to the next level.
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Do you want to find out more about our megaproject risk management training, workshops and roundtable discussions

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Contact Keith Lewis by scanning LinkedIn code below, or click on button below, to find out when the next online course is. Sign up for the next Megaproject Risk Intelligence course quickly safely and securely with Paypal independent third party payment application. We will never see your full payment details so safe and secure.

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Learn risk management skills and project management value intelligence wherever you are in the world, whatever megaproject you are to be involved in, or are already involved in. Understand the key risks and challenges to megaproject valuation. Achieve great project value with less uncertainty impacting on project outcomes.

Practical learning is delivered online by risk management and megaproject experts with decades of experience. You’ll learn more about key megaproject risks and how to protect and grow megaproject value. Excellent value for money provided when risk management skills and megaproject value intelligence developed online wherever in the world you have good internet connection. Save money on the cost of travel and accommodation. Ensure the success and value of your megaproject. Improve your skills knowledge and project intelligence while you are working. Take your career in project management to the next level. Learn practical ways to manage megaproject risks better. Use real world systems to help you create more value with less uncertainty.

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Expand your business with less uncertainty and more longevity with BusinessRiskTV

Your business development plan and business development strategy needs assessing monitoring and review to produce long-lasting reward for business leaders

Learn to enjoy and fully embrace business development process and the your business development goals will come. Focusing on sales increase may be your problem even if sales are increasing. Sustainable sales growth will come from the right business development process not sales increases. A whole host of reasons can be found to explain why your sales are increasing and not all of them can be sustained for long-term business expansion.

Business risks are changing faster and therefore business risk management needs to change faster to still protect a business.

More: Grow faster with a new business development plan and business development strategy.

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Involve and engage all parts of your business in the process of surviving revenue losses and boosting new sales organically:

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Growth Strategy with BusinessRiskTV

Developing a growth strategy is an important task for any business looking to achieve success and expand its operations. A well-crafted growth strategy can help you identify new opportunities, target new markets, and increase your revenue streams. However, developing an effective growth strategy is not always an easy task. It requires careful planning, a deep understanding of your market, and a willingness to take calculated risks.

BusinessRiskTV is a platform that helps businesses develop growth strategies by providing them with access to a network of business experts, tools, and resources. In this article, we’ll take a closer look at how BusinessRiskTV can help you develop a growth strategy that works for your business.

What is a Growth Strategy?

A growth strategy is a plan of action that businesses develop to achieve growth and success in their respective markets. It involves identifying new opportunities, targeting new markets, and developing new products or services. A growth strategy can also include mergers and acquisitions, partnerships, and other strategic alliances.

There are several types of growth strategies that businesses can pursue, including:

Market Penetration: This strategy involves selling more of your existing products or services to your current customers or increasing your market share in your existing market.

Product Development: This strategy involves developing new products or services to sell to your existing customers or expanding your product line to attract new customers.

Market Development: This strategy involves selling your existing products or services in new markets or expanding your business into new geographic regions.

Diversification: This strategy involves diversifying your business into new markets or industries that are unrelated to your existing business.

Why is a Growth Strategy Important?

A growth strategy is important because it helps businesses achieve their long-term goals and objectives. It allows businesses to stay competitive in their respective markets and adapt to changing market conditions. A growth strategy can also help businesses increase their revenue, profits, and market share.

However, developing an effective growth strategy is not always easy. It requires careful planning, market research, and a deep understanding of your business and your market. This is where BusinessRiskTV can help.

How BusinessRiskTV Can Help You Develop a Growth Strategy

BusinessRiskTV is a platform that provides businesses with access to a network of business experts, tools, and resources. The platform can help you develop a growth strategy that works for your business by providing you with the following:

Business Experts: BusinessRiskTV provides businesses with access to a network of business experts who can help you develop a growth strategy that works for your business. These experts have years of experience in their respective fields and can provide you with valuable insights and advice.

Tools and Resources: BusinessRiskTV provides businesses with access to a range of tools and resources that can help you develop a growth strategy. These tools include market research reports, industry analysis, and financial modeling tools.

Networking Opportunities: BusinessRiskTV provides businesses with networking opportunities that can help you connect with other businesses in your industry. These connections can lead to new partnerships, collaborations, and business opportunities.

Training and Education: BusinessRiskTV provides businesses with access to training and education programs that can help you develop the skills and knowledge you need to succeed in your industry.

Developing a Growth Strategy with BusinessRiskTV

Here are some steps you can take to develop a growth strategy with BusinessRiskTV:

Define Your Goals: The first step in developing a growth strategy is to define your goals. What do you want to achieve with your business? Do you want to increase your revenue? Expand your operations? Enter new markets? Once you have defined your goals, you can start to develop a plan of action.

Conduct Market Research: The next step in developing a growth strategy is to conduct market research. This involves analysing your market and your competition to identify new opportunities and potential challenges. BusinessRiskTV can provide you with market research reports, industry analysis, and other resources to help you better understand your market.

Identify Your Competitive Advantage: To develop a successful growth strategy, you need to identify your competitive advantage. What makes your business unique? What sets you apart from your competition? BusinessRiskTV can help you identify your competitive advantage and develop a plan to leverage it.

Develop a Plan of Action: Once you have defined your goals, conducted market research, and identified your competitive advantage, it’s time to develop a plan of action. This plan should outline the specific steps you will take to achieve your goals, including the resources you will need and the timeline for each step.

Monitor Your Progress: Developing a growth strategy is not a one-time task. It requires ongoing monitoring and evaluation to ensure that you are on track to achieve your goals. BusinessRiskTV can provide you with tools and resources to help you monitor your progress and make adjustments as needed.

Developing a growth strategy is a critical task for any business looking to achieve long-term success. BusinessRiskTV can provide you with the expert advice, tools, and resources you need to develop a growth strategy that works for your business. Whether you are looking to increase your revenue, expand your operations, or enter new markets, BusinessRiskTV can help you achieve your goals and take your business to the next level.

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Explore the trends and challenges in your business marketplace. Develop and execute new enterprise risk management strategies to survive and prosper no matter what the business environment is.

  • An insightful business risk webinar may help you avoid mistakes others have already made.
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Know when free and paid webinars are coming up so you can join the ones that matter to your business. BusinessRiskTV members receive a discount on paid webinars.

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Business Mentor Online. An enterprise risk management mentor can help you change your business more quickly. An eCommerce Mentor can help you sell more online. BusinessRiskTV online business mentor helps you to manage business risks better. Practical enterprise risk management holistic solutions and specific problems solved. Members can search for and find risk management experts and business leaders to interact online with. Learn from leaders in enterprise risk management and future leaders in the industry. Joining our online networking and career development tools helps you find connect and share experiences with others locally and globally.

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Take risks knowingly and willingly to achieve business objectives more easily. Protect and grow your business with more confidence. Improve the risk management culture in your business.

Our risk awareness training is focused on country risks industry risks and specific risks as well as enterprise risk management awareness training. Pick the best risk awareness training course. Match your budget in terms of money and time.

Discover how leading risk management practices create business value and help executives make better strategic operational and project decisions.

Improve your flexibility and agility to respond quickly to risk events. Develop a proactive risk management approach to prepare for business environment disruptive forces and new business opportunities. Improve your own enterprise wide risk assessment process and enterprise risk management ERM practices.

Risk Management Awareness Workshops

Find out more about our risk management awareness workshops. Complete and submit the forum below and enter code#RiskAwarenessTraining. Discover how to promote risk management approach to business decision making.

Reputation Risk Awareness Solutions

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Risk Awareness Training

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Get help to improve risk awareness with businessrisktv.com and manage business risks better. Discover great deals discounts and special offers to boost your profit. Connect live online with business leaders and enterprise risk management experts. Read our free online enterprise risk management magazine. Signup for alerts to become aware of changes in business risks with BusinessRiskTV. Email [email protected] now and put #RiskAwarenessTraining in Subject line of your email.
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Your guide to enterprise risk management ERM

Enterprise wide risk management on BusinessRiskTV.com

Register for guide to enterprise risk management alerts bulletins and reviews of online enterprise risk management events webinars and discussions

Guide to enterprise risk management. Manage dynamic business risk better. #ERMtv to help guide you through enterprise risk management implementation and enterprise risk management theory and practice. Join our online business enterprise risk management forum. Discover the latest ways to manage enterprise risks better. Network with enterprise risk management experts to find better solutions to your business risk management problems. Inform your business management processes. Minimise the impact of threats on business objectives. Seize new business development opportunities with less uncertainty. Boost business resilience and grow faster.

Build resilient enterprise risk management ERM system to identify analyse and manage key risks to your business objectives. Build more confidence in your business decision making processes to survive and prosper in dynamic business environment.

Create a clear enterprise risk management framework to understand what risks you face and who is responsible for managing those risks well.

Upgrade your risk assessment process. Monitor and review your risk management decisions.

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Promote and market your own enterprise risk management related products or services on BusinessRiskTV for 12 months

Put your ERM products or services in front of buyers interested in enterprise risk management.

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Link into your existing enterprise risk management product or services sales process from BusinessRiskTV.

Increase your income streams more profitably and sustainably. Grow your business faster.

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Watch enterprise risk management live and on demand videostream to inform your business decision making process. Enterprise risk management guidance tips advice and training online.

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ISO 31000 Risk Management
ISO 31000 Risk Management
Prepare Your Business For The Fourth Industrial Revolution
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Guide To Enterprise Risk Management ERM
Guide To Enterprise Risk Management ERM
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Enterprise Risk Management ERM Virtual Summits

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Improving collaboration on enterprise risk management. Develop your enterprise risk management framework and risk assessment process. Improve your risk monitoring and risk review information systems.

Are you responsible or interested in risk identification assessment and management?

Rethinking and Re-purposing Your Business During Uncertainty

Rethinking and Re-purposing Your Business During Uncertainty

Develop new risk management strategy for your business or enterprise. Bringing together risk management professional and business leaders online to improve risk management practices and outcomes.

Learn what ERM is and how it can benefit your enterprise performance

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Virtual online attendance at our ERM summits is free to members of BusinessRiskTV. Live stream the ERM summits wherever you are in the world.

Build your enterprise risk management system. Drive improved enterprise performance. Develop your business intelligence and risk knowledge. Improve governance risk and compliance GRC management.

Enterprise Risk Management Trends

Discover a new holistic risk management approach to improve business strategy setting and implementation.

  • Create practical business management systems to grow a better business faster inline with with your risk management culture.
  • Improve business outcomes.
  • Be inspired to improve your business.
  • Connect with local and global risk management experts.

Network with top business leaders to understand your business problems and find best business risk management solutions quicker.

Subscribe to BusinessRiskTV for free alerts bulletins and reviews on enterprise risk management

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Promote and market your business on BusinessRiskTV for 12 months

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Put your specific product or services in front of new potential buyers interested in your business offering.

Link into your existing sales process direct from BusinessRiskTV. Increase your income streams more profitably. Grow your business faster.

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Different locks must be opened with different keys

Enterprise risk management tools and techniques with BusinessRiskTV.com

Different business problems require a different set of skills or experience to overcome. A business problem in your industry or country facing your business may require a different solution from the solution used by your competitors. Indeed a different business solution that fits your business problem may actual reap faster growth or better business protection.

One size does not always fit all

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When looking for a solution to your business problem

  • be flexible
  • take a more risk based holistic risk management approach
  • use the right risk management tools and techniques that fit your business culture and attitude to business risk.

Connect with BusinessRiskTV risk expert network to find the answers to your business questions.

BusinessRiskTV Business Risk Management Solutions

BusinessRiskTV Business Risk Management Solutions

Doing the same things as your business has always done without success is a definition of business madness. Find new innovative ways to help your business grow faster with less uncertainty.

Connect with our local and global risk management experts to find the solution to your business problem

Promote and market your business on BusinessRiskTV for 12 months

Benefits of proactive risk management

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Read risk management articles and watch videos trending on BusinessRiskTV

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Take Back Control Of Your Future Business Success

Learn how to regain control of your business risks with BusinessRiskTV

Whether you accept avoid transfer mitigate risks or exploit risk opportunities is not straight forward. Find new ways to improve the culture of risk management to boost business performance. Increase your business success.

  • How do you manage risks?
  • How can your management of risks be improved?
  • What risks should you take and which should you not tolerate?

Understand the risk management process better. Discover the best risk management practices. Improve your risk management with better risk management solutions.

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.

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.

  • Build your business resilience
  • Create more value
  • Advance your risk management capability

There is always room for improvement. Better risk management will mean your business is better prepared for the future. Improve performance regardless of business environment.

Whether you are trying to do something new or just want to find new ways to manage existing risks join our 360 Business Club.

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Join our 360 Business Club to protect your business better and grow faster with less uncertainty impacting on your business objectives. CLICK HERE or email [email protected] entering code #360BusinessClub

Take your business to the next level with our 360 Business Club.

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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?

Connecting Business Leaders Locally and Globally

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More Connected With BusinessRiskTV: Want to learn from others business mistakes or successes? Looking to use tried and tested business plans for business growth and business protection? Need an easily accessible forum to learn how to improve your business performance?

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.

Subscribe to BusinessRiskTV for free to inform your business decision making

Business Riskwatch
BusinessRiskTV Business Risk Watch

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

Risk Management Services and Products
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Help others to manage common business risks better.

Become Manage Business Risks Better sole sponsor for 12 months

Business leaders do not always have the marketing budget to promote their business. We provide a range of online marketing options for businesses to fit most budgets so you can promote your business products or services for longer.

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Risk Management Magazine
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Loss Prevention Techniques Procedures BusinessRiskTV Loss Prevention

Loss prevention tips and training from BusinessRiskTV.com

Subscribe for free to BusinessRiskTV to improve loss prevention awareness email alerts

Discover loss prevention best practices with BusinessRiskTV. Develop new ways to improve loss prevention. Tackle preventable profit loss. Engage your employees in loss prevention.

A more structured approach to risk management can reduce loss in your business and improve business performance

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Working with you to minimise corporate loss with latest tips tools and techniques. To help you do that we work with loss prevention experts around the world to find the solutions to reduce risk of loss and improve loss prevention.

Restructure your loss prevention strategy. Boost your profit with loss prevention. Some losses maybe inevitable part of being in business. Take a balanced view to loss prevention with help from BusinessRiskTV. Preventing loss may mean you need to work less hard at replacing lost value and maximise profit more easily.

Connecting business leaders to make risk management easier and better

Finding the latest best loss prevention products or services can be time consuming and unfruitful. We make easier and better.

Searching for loss prevention tips tools and techniques is free. Come back often to find the best loss prevention products and services on BusinessRiskTV. Pick up the latest loss prevention news headlines opinions debate and business reviews.

 

Are you the manager or owner of a loss prevention product or service provider?

Promote market and sell your loss prevention products and services more profitably.

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Reach influencers key decision makers and the business leaders who will buy from your business

Business leaders do not always have the marketing budget to promote their business. We provide a range of online marketing options for businesses to fit most budgets so you can promote your business products or services for longer.

CLICK HERE to find other ways of promoting your loss prevention business more cost effectively.

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Online highly practical interactive business risk management courses aimed at London business leaders

Be alerted to risk courses London. Are you a business leader in London? Want to grow and protect your business better? Keen to network with like minded London business leaders?

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Applied enterprise risk management theory training for business leaders business owners risk professionals and risk owners.

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See The Road Ahead More Clearly With BusinessRiskTV

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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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Present your products or services to buyers at the the time that they are ready to buy before your competitors do.

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Link into your existing sales process direct from BusinessRiskTV. Increase your revenue streams more profitably. Grow your business faster.

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Grow Your Business With Us
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New Risk Management Training Courses

In classroom and online risk management training courses

How can business leaders improve management of business risks?

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Alerts to new risk management training courses online and locally to you

Corporate business enterprise risk management training providers promoting latest deals discounts and special offers on BusinessRiskTV. Risk management training courses do not fill themselves.

  • Helping risk management training providers to fill their courses faster
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Practical and theoretical risk management training course marketplace bringing sellers and buyers together.

Register for alerts to upcoming risk management training courses with special deals discounts and offers

Focus your management style on a more risk based approach to build business resilience and boost business performance with less uncertainty impacting on your business objectives.

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Find compare review risk management courses near me

Risk management training providers work with BusinessRiskTV to promote their courses. The risk management training courses can be found in many parts of the world so find and compare one near you. Some risk management training courses are online and can be accessed from anywhere in the world with good WiFi connection. Learn to manage enterprise risk more effectively.

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Guidance Coaching Instruction Best Business Practices Achieve More

Learn more disciplined risk based approach to business decision making. Doesn’t mean a less innovate or creative business. Does mean readying your business to take advantage of opportunities.

Do the groundwork to cultivate better business outcomes

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Business Risk Academy

Achieve best practice in strategic planning operational and project management.

  • Increase Sales
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Use new tools and techniques to achieve management best practices.   Learn more about the best ways of working. Achieve your business goals more easily more predictably.

Best Practices In Business Management

Develop new business management practices for greater success. Unlock new growth for your business with less uncertainty. Build stronger business resilience.

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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.

Best Practical Guide To Business Risk Management
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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

Campaign for better manage of enterprise risks. Join the discussion on business risk management for free from your twitter account.

Manage Business Risks Better

Read more about business risk management. Watch videos online from your phone pc or tablet

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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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Developing Role of Risk Management Function

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Functions Of Risk Management Department

The risk management team or department should facilitate improved enterprise decision making to boost business performance. Risk management principles practice and process should increase the efficiency and effectiveness of the business. The business leaders will be able to take more risk consciously as opposed to unconscious acceptance of higher risk levels.

What is the right level of risk will depend on the risk appetite and risk tolerance of the business leaders. There maybe nothing wrong with a high corporate risk exposure to achieve business goals and objectives as long as you know how exposed the business is and put in suitable risk control measures.

iso 31000 Risk Management Principles and Guidelines

Adopting the principles practices and processes of iso 31000 will increase the likelihood of a business strategy being a success. It will also reduce the level of uncertainty that can accompany more challenging business objectives.

ISO 31000 Risk Management
ISO 31000 Risk Management

Enterprise risk management is not a once in a business lifecycle activity. It is a continuous activity that supports business development and implementation of a more risk aware business strategy.

Enterprise Risk Management Framework

Use an enterprise risk management ERM framework to help you develop an effective business management strategy that protects your business assets and helps you grow faster.

A robust enterprise risk management framework will help embed a more risk aware culture up and down the organisation.

An effective risk management system will require a clear role for the risk management function in the business. The risk management function in the business can only develop added value for the organisation if it is fully supported in the boardroom. With the board behind the risk management function, all levels of the organisation will develop enhanced risk management capability enhanced by the risk manager or risk management team.

The risk management function will support corporate governance and risk oversight but cannot control corporate risks on its own.

Risk Management Function Supports Risk Identification Risk Assessment and Risk Control

However the risk management function does not control corporate risks on its own.

  • The risk management function is integral to the risk management process but it isn’t the sole component of the risk management process.
  • The risk management function educates informs and trains all levels of the organisation to assess prioritise and control corporate risks. It enables business leaders to manage enterprise risk better.
  • The risk management function helps to develop and embed risk control techniques to reduce the likelihood of losses and the size of losses. It should also identify, assess and help seize business development opportunities.

Do you want help developing your enterprise risk management function?

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Developing Role of Risk Management Function

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Develop your business enterprise corporate risk management knowledge. Find out how to manage uncertainty in business better. Save money and time with BusinessRiskTV.

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Business risk management training programme for business leaders and managers in small to medium-sized companies

Enterprise Risk Management Partners

Our featured business risk management training programme offers ongoing, interactive, and up-to-date training on managing various types of business risks, including political, economic, social, technological, legal, and environmental risks. Our program is designed to help business leaders stay informed and make informed decisions that will protect their company’s bottom line and open new opportunities for growth.

  • Click on button to find out more or subscribe to our free business risk management newsletter [email protected]

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Free risk management courses to watch and download. Sign up for free risk management discussions and debates. Register for enterprise risk management training courses.

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You will learn practical business enterprise risk management tools and techniques. Easily apply what you learn to your business. Boost performance and increase business sustainability regardless of business risk environment.

Browse professional corporate business enterprise risk management courses to improve your business prospects. Better understand the threats and opportunities facing your enterprise.

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Take part in online discussions and debates anywhere from your mobile device or PC.

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BusinessRiskTV Corporate Enterprise Risk Academy

Join our executive and senior management training courses to overcome lack of good risk management practices. Develop your risk knowledge and expertise needed to run a more cost effective entity.

BusinessRiskTV Risk Academy creates opportunities to cost effectively learn more about best risk management practices.

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  1. Protect your business assets better.
  2. Reduce liabilities.
  3. Seize new business opportunities for growth.

Complete the form about and tell us about your corporate business enterprise risk management needs.

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Leadership Training Development

Develop your business risk management skills to boost your business resilience and performance with BusinessRiskTV

Developing practical leadership skills to protect your business disrupt your industry and grow market share

Access information to improve your creative judgement and collaborate with other thought leaders.

Enterprise Risk Management Thought Leaders

Understanding business enterprise risks better

  • Reduce how uncertainty impacts on your business objectives.   Improve your decision making capability.
  • Gain a competitive advantage in your industry.
  • Maximise the return of your investment in business assets.
  • Inform your next big strategic or operational decision

Want to learn how to protect your business and grow market share?

Do you have any of the following priorities for the next 3 years :
 
  1. Develop a new product or service
  2. Enter new markets with existing products or services
  3. Make strategic investments
  4. Develop new partnerships
  5. Sell more

What are the threats to the above objectives and how can you reduce the uncertainty that they will be successful or make them more successful?

Disrupt Your Industry

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