Importance of decision making in business

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.

Importance of decision making in business

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.

BusinessRiskTV

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

Megaproject Roundtable Discussions & Training Sessions

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.

  • Improve your megaproject value by improving your risk management knowledge, skills and project intelligence analytics from hundreds of thousands project records.
  • Our convenient, affordable and easy to arrange megaproject risk management courses, workshops and roundtable discussions are designed to make you more knowledgeable of risk management issues and solutions in order to achieve expected project value, more easily with less uncertainty by establishing trust and transparency between the project owners, main contractors, subcontractors and suppliers.
  • Practical learning is delivered by risk management and megaproject experts with decades of experience.
  • You will learn more about key megaproject risks and how to achieve sustainable megaproject value.
  • Excellent value-for-money services provided to you and your team when we transfer to you our risk management and megaproject intelligence skills.
  • Save money on the cost of travel and accommodation. Ensure the success and value of your megaproject.
  • Take your career in project management to the next level.
  • Learn practical ways to manage megaproject risks better.
  • Use real world class systems to help you create more value with less uncertainty.

Do you want to find out more about our megaproject risk management training, workshops and roundtable discussions

Sign up for an attractive, informative and practical online course called Megaproject Risk Intelligence addressing:

  1. Best Practices for Megaprojects Risk Assessment, Management & Prevention
  2. Best Practices for Near-Real Time Megaproject Performance Monitoring & Assessment
  3. Best Practices for integration of Project Performance and Risk Management KPIs
  4. Templates and Analytics for the above

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.

Are you responsible for projects and project risk management for megaprojects?

Complex mega projects achieve better for project owners and contractors if the risks of the megaproject are fully understood and the megaproject risk management solution is more holistic and less complicated.

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BusinessRiskTV Workshops

BusinessRiskTV megaproject risk management and project value intelligence courses, workshops and roundtable discussions are designed to make complex megaprojects less complicated and more certain of completion on time, within budget and to a high quality of project performance. Our aim is to enhance your risk management knowledge and build project value intelligence. You will understand megaproject risk management better to enable you to manage your mega project more cost-effectively enhancing project value for all parties.

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.

Strategies to improve business performance
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How can I develop my risk management knowledge and business intelligence

BusinessRiskTV regularly hosts free risk management webcasts run by risk expert trainers for your country or industry. The risk management webcasts are free to attend from any device you normally use to access key business risk information and business intelligence. Develop your risk knowledge and business risk management skills.

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Enterprise-wide risk management educational risk management webinars and risk management workshops designed to explore common challenges business leaders face every day. Solve corporate governance, business risks and compliance (GRC) issues quicker and cheaper with help from our Business Experts Hub participating in online risk management webcasts.

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More: Develop your knowledge of the benefits of holistic enterprise-wide risk management ERM by registering for our own risk management courses.

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Business Development Sales Growth with BusinessRiskTV

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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Use Knowledge and Business Intelligence To Give You A Competitive Edge In Life and Business With BusinessRiskTV

More: Keep up to date with enterprise risk management news opinions and risk reviews to inform your own key business decision-making process with better business intelligence and risk knowledge.

Business Experts Forum and The Marketplace To Help Business Leaders Manage Business Risks Better

how to reduce uncertainty in business
How to reduce uncertainty in business with BusinessRiskTV

Learn from the best with help from BusinessRiskTV

Our Business Experts Hub is a home for business experts with knowledge of most country and industry risks. They want to help you manage your key risks better to build your business resilience and help you grow your business faster.

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Rethinking and Re-purposing Your Business During Uncertainty

Business Experts Hub: Want a product to protect and grow your business faster? Need a service to help you manage your corporate or enterprise risks better? Looking to match with one of tens of thousands of business experts with skills and experience to overcome your business problems?

How can a business development process be improved?

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

  • Develop a new strategy to reach more new customers to sell more profitably.
  • Seize new business opportunities to expand your business.
  • Promote sales growth and increase your profit.
  • Develop new strategic partnerships for mutual business growth.

Pick up practical business development tips or sign up for business development training on BusinessRiskTV.

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Virtual Exhibition Platform To Showcase Your Business Products and Services To Buyers Already Interested In Your Type Of Business Offering

Pick the best online marketplace to showcase your business products or services with BusinessRiskTV help.

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Entrepreneurs and business leaders meeting up to explore mutual business growth with BusinessRiskTV

Connect with entrepreneurs business leaders business owners and risk management experts to find out how to solve your business problems quicker and cheaper.

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Get Help To Grow Your Business Faster – BusinessRiskTV.com

Understand your risk profile better to achieve more business growth with your existing resources.

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.

Business Development Sales Growth with BusinessRiskTV

This Will Fundamentally Change The Way You Look At Risk

Stop looking to reduce risk and instead make your business plans under a risk-based approach to business decision making with BusinessRiskTV

How can business leaders change business performance with a more risk based approach to business management?

Are you interested in boosting your business performance? Do you use online resources to improve your knowledge of business risks impacting on your business objectives? Do you want to make your business more profitable?

Do you want us to help your business grow faster

Look at risk as a positive for your business. Manage the threats better. Seize new business development opportunities quicker and enhance the benefits arising from risk taking.

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Guidance On Enterprise Risk Management On BusinessRiskTV

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ERM Framework Implementation

Enterprise Risk Management (ERM) is the process of identifying, assessing, prioritising, and managing risks that could affect an organisation’s ability to achieve its objectives. In today’s fast-paced business environment, organizations face numerous risks, such as financial, operational, strategic, regulatory, reputational, and cybersecurity. The failure to manage these risks could lead to severe consequences, such as financial loss, legal liability, damage to reputation, and even business failure.

Therefore, it’s critical for organizations to implement a robust ERM framework to identify and mitigate risks that could potentially harm the organization. In this article, we will provide guidance on how organisations can implement an effective ERM framework to manage risks.

Establishing an ERM framework
The first step in implementing ERM is to establish a framework that outlines the organisation’s risk management policies, procedures, and practices. The framework should define the roles and responsibilities of the risk management team, establish risk assessment methodologies, and identify the key risk indicators (KRIs) that will be used to monitor risks.

The ERM framework should also identify the organisation’s risk appetite, which refers to the level of risk that the organisation is willing to accept in pursuit of its objectives. The risk appetite should be clearly defined and communicated to all stakeholders, including employees, investors, customers, and regulators.

The ERM framework should be aligned with the organisation’s strategic objectives, and the risk management team should work closely with the senior management team to ensure that risk management is integrated into the organisation’s decision-making process.

Conducting a risk assessment
The next step in implementing ERM is to conduct a risk assessment, which involves identifying, analysing, and evaluating risks that could potentially harm the organisation. The risk assessment should be based on a systematic and comprehensive approach that considers all the potential risks that the organisation faces.

The risk assessment should consider both internal and external factors that could affect the organisation’s ability to achieve its objectives. Internal factors include the organisation’s culture, structure, processes, and people, while external factors include economic, political, technological, and regulatory factors.

The risk assessment should also consider the likelihood and impact of each risk and prioritise them based on their significance. The risk assessment should be updated periodically to ensure that new risks are identified and managed.

Developing a risk management plan
Once the risks have been identified and prioritised, the next step is to develop a risk management plan that outlines the actions that will be taken to manage each risk. The risk management plan should consider the risk appetite of the organisation and the resources that are available to manage the risks.

The risk management plan should include specific measures to mitigate each risk, such as risk avoidance, risk reduction, risk transfer, and risk acceptance. Risk avoidance involves eliminating the risk altogether, while risk reduction involves implementing measures to reduce the likelihood or impact of the risk. Risk transfer involves transferring the risk to another party, such as an insurance company, while risk acceptance involves accepting the risk and managing it within the organisation’s risk appetite.

The risk management plan should also identify the stakeholders who will be responsible for managing each risk and the KRIs that will be used to monitor the risks. The risk management plan should be reviewed periodically to ensure that it remains effective and relevant.

Implementing risk management controls
The next step in implementing ERM is to implement risk management controls to manage the risks. Risk management controls are the policies, procedures, and practices that are implemented to manage the risks identified in the risk assessment.

Risk management controls should be designed to ensure that the organisation operates within its risk appetite and that the risks are managed effectively. Risk management controls should be integrated into the organisation’s processes and systems to ensure that they are followed consistently.

Monitoring and reporting on risks
The final step in implementing ERM is to monitor and report on risks. Monitoring involves tracking the effectiveness of the risk management controls and the KRIs that were identified in the risk management plan. The monitoring process should be designed to detect any changes in the risk environment and to ensure that the risk management controls remain effective.

Reporting involves communicating the results of the risk management process to stakeholders, such as the board of directors, senior management, investors, customers, and regulators. The reporting should provide an accurate and comprehensive view of the organisation’s risk exposure and the effectiveness of the risk management controls.

Reporting should also include any significant changes in the risk environment and any emerging risks that could potentially impact the organisation. Reporting should be timely, accurate, and relevant to ensure that stakeholders have the information they need to make informed decisions.

ERM is a critical process that organisations must implement to manage the risks they face. ERM involves identifying, assessing, prioritising, and managing risks that could potentially harm the organisation.

To implement an effective ERM framework, organizations must establish a framework that outlines the risk management policies, procedures, and practices. They must conduct a comprehensive risk assessment that considers all the potential risks that the organisation faces and prioritise them based on their significance.

They must develop a risk management plan that outlines the actions that will be taken to manage each risk and implement risk management controls to manage the risks. Finally, they must monitor and report on risks to ensure that the risk management process remains effective and relevant.

By implementing an effective ERM framework, organisations can mitigate the risks they face and achieve their objectives in a safe and sustainable manner. The ERM framework should be reviewed and updated periodically to ensure that it remains effective and relevant to the changing risk environment.

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Reduce uncertainty impacting on your business objectives. BusinessRiskTV enterprise risk management webinars help inform your business decision making. Understand fundamentals of risk based management. Learn new enterprise risk management strategies to boost resilience and growth. Be coached online with best enterprise risk management practices. BusinessRiskTV webinars tackle latest country and industry enterprise risks. What should should know today? How do you manage your business risks better.

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Find out more about global risks to your business. Be aware of local risks. What is happening in your industry you should know about before your next big decision.

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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.
  • Discover new ways to grow your business faster.
  • Access risk management guidance to overcome challenges to your business progress.

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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Build an online business from scratch. Learn how to build a business online with BusinessRiskTV. Create an online store today and discover how to build your business online. Develop new income streams. Expand on your existing revenue streams. ‎

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We have the tools you can use to build an online business for your existing business or start from scratch. Is it time to start your online business? How fast do you want your business to grow?

Steps To Creating An Online Business With BusinessRiskTV

We offer a complete guide on how to set up an online business without technical knowledge to do it. As long as you can use email and have the raw materials like some photos and perhaps video we can help you set up your own online business today.

Attract traffic to your existing business website or social media account. Build a side hustle for extra income or expand the growth of your existing business. We handle the technological undertaking building a stronger business faster. If you have a great business idea start and nurture it online with BuisnessRiskTV tips advice and support services. 

We quickly guide you through the key steps to follow when setting up your online business. Find out how to grow a more successful business online whether you are just on the High Street or already have an online presence in some form.

Create your own eCommerce income or just generate new leads for your business to grow faster. Everything you need to start your business.

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Put your products and services in front of new customers already interested in your type of business offering before your competitors do.

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Link into your existing online sales process direct from BusinessRiskTV or use our eCommerce solutions to increase your sales cash flow and profit

Increase the sources of your revenue streams more sustainably. Grow your business faster with BusinessRiskTV.

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Enterprise Risk Management ERM Consulting and Training With BusinessRiskTV.com. Work one to one to protect your business better. Grow your business faster with less uncertainty impacting on your business objectives.

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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BusinessRiskTV is our enterprise risk management ERM hub for business experts where you can find the risk management resources you need to manage business risk better.

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Increase the sources of your revenue streams more sustainably. Grow your business faster with BusinessRiskTV.

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