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

How can leaders improve decision-making

How to improve decision-making in an organisation with BusinessRiskTV

How to improve decision-making in business

Successful business leaders:

  • Identify the internal and external risk factors driving the key risks impacting negatively and positively on your business objectives.
  • Evaluate options with best perception of risks and establish prioritisation of limited business resources where best outcomes can be anticipated.
  • Navigate risks and uncertainty proactively.

Formalise your decision-making process so you can monitor your good and bad decisions to learn lessons you can act upon to improve your business performance through better business decisions.

Guide your business through the coming uncertainties of your business environment

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Your strategic operational and project decisions will create or destroy your future success in business

Cost effective decision-making in dynamic business environment requires business leaders to understand key business risks. Rethink what will be critical to your success in business.

The fast-paced complex nature of the business world means business leaders must have confidence in their decision-making processes and practices to ensure they make the best decision possible at the right time. Often the right decision is required sooner than later.

Decision-making can be worked on to improve your risk management skills. You need to know how your leadership decisions will impact on your business, preferably before you implement your decision.

BusinessRiskTV can help know more before you act.

How can leaders improve decision-making

How To Overcome Leadership Challenges

Leadership problems and solutions with BusinessRiskTV Help Tips and Support

Business leaders need to challenge their thinking. Proactively managing key business risks can boost your business performance. Good business leaders can often make good decisions under pressure from risk events. However they can also make decisions that exacerbate risk events.

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What is the biggest challenge facing business today?

Rethinking and Re-purposing Your Business During Uncertainty
Rethinking and Re-purposing Your Business During Uncertainty

Overcoming rapidly varying business risk hazards whilst growing a business

Risk factors external to the business are perhaps more difficult to control. Internal risk drivers however can be just as fatal to a business. Manage the biggest leadership challenges better.

Top Thought Leaders and Risk Management Experts

Our thought leader partners and risk management experts offer you free business tips advice and support. Reduce the biggest business business challenges to more easily manageable proportions.

Inform your strategic thinking and improve operational and project risks with BusinessRiskTV

Enterprise Risk Management Explained
Enterprise Risk Management Best Practices Explored Online With BusinessRiskTV.com

Improve your key business decision making process to reduce negative outcomes and increase return on investment in business development.

Leadership challenges are inevitable. No business is immune to problems. We cannot guarantee bad thinks will not happen to your business. We can guarantee you will be better prepared to overcome business challenges.

Avoid being overwhelmed by risk events. Feel better about the way you manage your business risks. Get a quiet nights sleep knowing you are working on the key risks with the finite business resources available to you.

Challenging long-held beliefs or perceptions of threats and opportunities could reveal a better risk management strategy for your business. You may even find new business success in previously uncharted business development territory.

Learn how to identify and manage the key threats to your business objectives. Change your business decision making process to explore enterprise-wide business risks to more efficiently direct your business assets to what matters for your business success.

False Perceptions Of Risk Is Dangerous Way To Manage Your Business

Misconception Of Actual Real Risks Can Destroy A Good Business
Misconception Of Actual Real Risks Can Destroy A Good Business

Invest your efforts in what really matters not what you perceive is best use of your money and time. Basing your business decisions on false or incorrect assumptions about your key business risks is dangerous. At best you may miss new business opportunities for growth. At worst it could bring an end to your existence in business. 

Adjust Your Leadership To Change Your Business For The Better

Work with us to gain confidence in changes to your business strategy. Changing the status quo can feel challenging. Challenging the status quo is less daunting if you engage more of your workforce in the decision process. We can assist to facilitate an exploration of what you could be doing better before you make the decision to change.

Engaging your employees to challenge possible changes encourages greater buy-in to eventual changes you choose to make. Involving employees in the implementation of the changes brings quicker rewards and more sustainable willingness to make changes work well. Making decisions in isolation at board or senior level may result in good decisions or bad decisions. However, they are unlikely to lead to the best way forward for your business or result in the best use of your resources.

We can even engage top thought leaders from around the world and other risk management experts to help no matter your industry or preferred country of operation.

How To Overcome Leadership Challenges

Risk Communication In Business With BusinessRiskTV

Boosting business performance with enhanced key risk information with BusinessRiskTV.com

BusinessRiskTV giving business leaders to make more informed risk management decisions. Protect and grow your business faster with less uncertainty. Poor risk communication can exasperate bad risk events and result in missed business opportunities. Embed the concepts of enterprise risk management ERM. Manage key risks critical for success better. Effectively communicate risks to all business stakeholders.

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Develop effective risk communication strategy for your business

Use more effective risk communication to inform your risk assessment process. Risk owners get help get help to develop their risk management plan for their business.

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Brand resilience improvement with BusinessRiskTV

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Be able to protect your business better against risk events. Seize new business development opportunities. Online business risk management training workshops to build your business resilience. Top top business decision makers to systematically protect what they have whilst expanding the business faster. Retain your existing customers by engaging them more with your business. Keep your competitors at bay. Encourage existing customers to spend more and attract new customers with innovative online marketing ideas.

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Help new customers to understand why your business is the best offering your type of products or services and help existing customers realise you have other things to offer

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Proactively monitor your digital brand to improve risk intelligence.

How to protect your business
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Audit your enterprise risk management capability to help you identify ways to boost your business performance

An holistic approach to business decision making will make more efficient use of available business assets to increase return on investment of time and money.

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Diversify supply chains to reduce reliance on one country or supplier

Reducing the risk of supply chain disruptions with BusinessRiskTV.com

Reduce supply chain risk. Should one supplier be shutdown for whatever reason your business should be able to continue without interruption. At the very least ensure you have alternative risk control measures to react to normal supply interruptions. The proximate cause of the supply chain disruption could be wide and varied including fire political social unrest natural disaster or even something called coronavirus. Assessing the risks from your supply chain is critical to the resilience of your business. Diversifying supply chain can increase costs but need not automatically follow.

Supply Chain Risk Management
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Reducing the risk of supply chain disruptions

Adapt quickly to changes within the supply chain to minimise the risk of disruptions to your business performance. Scan the horizon to look for future potential for disruption. Analyse the current risks and take appropriate action.

Supply Chain Risk Management BusinessRiskTV
Supply Chain Risk Management BusinessRiskTV

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Supplier Diversification In Supply Chains

Critical Key Supply’s Should Be Manufactured In Your Own Country More To Mitigate Breaking Supply Chain To Your Business

EU leaders last month stressed the need for the bloc to have strategic autonomy after the coronavirus crisis.

The European Union and its companies need to diversify their supply chains to reduce their reliance on individual countries but that does not mean bringing all production back to Europe

European Union EU Trade Chief

With the coronavirus pandemic many have now realised that there has been an over reliance on Asia for the supply of key supplies. Austrian EU diplomats think this means more manufacturing and production of key supplies should be brought home. Whilst this does not mean all Asian supplies from Asia should cease it does mean more manufacturing is required in your own country to build supply resilience.

We need to look at how to build resilient supply chains based on diversification acknowledging the simple fact that we will not be able to manufacture everything locally

European Union EU Trade Chief

Dutch trade minister Sigrid Kaag told reporters after the video conference with EU counterparts that there was an awakening to the need to determine the weakest links in value chains. How can you mitigate the overdependence on countries such as China or India when it comes to essential goods.

During the coronavirus pandemic France Germany and USA were just some of the countries who intervened at government level to stop supply of some products including personal protective equipment and medical equipment. When supply comes from outside your own country you are diversifying your supply chain but over reliance on overseas supply can increase risk of supply chain interruption. Arriving at the right balance is key to maintaining good business performance and strong business resilience.

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Get help from one of our Supply Chain Risk Consulting Partners to manage your supply chain risks better.

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Global Supply Chain Risk Management During COVID-19 Pandemic
Global Supply Risks And COVID-19 Pandemic Health Risk Management

Opening up the skies is a big part of easing global supply crisis. More holidaymakers increases airfreight opportunities and lowers international trading by air costs. Shortening supply chain, reversing globalisation, can increase speed of change and flexibility in an uncertain world as well as build resilience whilst protecting the environment from supply chain costs.

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Diversify supply chains to reduce reliance on one country or supplier

There is always trouble ahead for business leaders

Finding a better way to manage business challenges with BusinessRiskTV.com

Inspiring Leadership To Strive To Achieve More In Business

And there are always opportunities to grow a business faster too. There are always leadership challenges regardless of era in business. Improve management of the biggest issues facing the business world today.

Learn how to overcome leadership challenges. Being a successful business leader means there will always be challenges. The business problems will change but it is naive to thing that your challenges are more difficult than the challenges other leaders have overcome in the past.

In the UK the biggest issues combined that impact on future business success is poor productivity and lack of skills. UK business leader must invest in capital assets including automation or machinery as well as people. Workers in the UK need dramatic upskilling. There has been a distinct lack of investment over the last decade that needs redressing over the next decade. Instead of whinging about lack of immigration UK business leaders need to be more innovative and invest in engaging existing workforce more.

We can achieve so much more than we are currently doing. There is a significant lack of investment in innovation and new ideas to overcome business challenges. Perhaps it is a hangover from the slow recovery from the 2008 financial crisis. Business leaders have thought about survival for so long that it has suppressed a more creative and innovative business world.

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We need to change our business thinking. Invest in innovative thought processes to discover new ways of overcoming business problems in front of us.

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Deutsche Bank currency guru says it’s ‘time to sell the dollar’ as greenback sees longest losing streak since 2021

The dollar has been on a losing streak in recent weeks, and a top currency strategist at Deutsche Bank is betting that the trend will continue.

George Saravelos, global co-head of FX research at Deutsche Bank, said in a note to clients on Thursday that he’s once again betting that the dollar will weaken against the euro, Japanese yen, British pound, and other major currencies.

“We believe that the dollar’s recent weakness is more than just a temporary correction,” Saravelos said. “We see a number of factors that are likely to keep the dollar under pressure in the coming months.”

One of the factors that Saravelos is pointing to is the Federal Reserve’s plans to raise interest rates. The Fed is expected to raise rates several times this year in an effort to combat inflation. However, Saravelos believes that the Fed’s rate hikes will be less effective than they have been in the past because the global economy is now in a different phase.

“The global economy is no longer in a synchronised growth upswing,” Saravelos said. “This means that the Fed’s rate hikes are likely to have a more muted impact on economic activity and inflation than they would have in the past.”

Another factor that Saravelos is pointing to is the strength of the euro. The euro has been rising in recent weeks, and Saravelos believes that this trend is likely to continue.

“The euro is benefiting from a number of factors, including the strong performance of the European economy,” Saravelos said. “We believe that the euro is likely to continue to outperform the dollar in the coming months.”

Saravelos’s call is a reversal of his previous stance. In January, he said that the dollar was “oversold” and that he expected it to rebound. However, he has since changed his view, and he now believes that the dollar is likely to continue to weaken.

Saravelos’s call is in line with the views of other currency analysts. A recent survey by Bloomberg found that 60% of currency analysts believe that the dollar will weaken in the coming months.

If Saravelos is right, it could have a significant impact on the global economy. The dollar is the world’s reserve currency, and its value has a major impact on the prices of commodities, assets, and goods. If the dollar weakens, it could lead to higher inflation and lower economic growth.

Of course, it’s impossible to say for sure what will happen to the dollar in the future. However, Saravelos’s call is a warning that the greenback’s days of dominance may be coming to an end.

In addition to the factors mentioned by Saravelos, there are a few other reasons why the dollar could continue to weaken.

  • The US trade deficit is widening. This means that the US is importing more goods and services than it is exporting. This puts downward pressure on the dollar.
  • The US economy is growing more slowly than other major economies. This means that investors are less likely to hold dollars as a safe haven.
  • The US political landscape is becoming more polarised. This could lead to uncertainty and volatility in the markets, which could also weigh on the dollar.

Of course, there are also some factors that could support the dollar. For example, if the Fed raises interest rates more aggressively than expected, it could boost the dollar’s value. However, overall, the trend seems to be pointing towards a weaker dollar.

What does this mean for investors?

If you are an investor who is holding dollars, you may want to consider hedging your bets by investing in other currencies. You may also want to consider investing in assets that are less sensitive to changes in the dollar’s value.

If you are a business that exports goods or services, you may benefit from a weaker dollar. This is because a weaker dollar will make your goods or services cheaper for foreign buyers.

Overall, the outlook for the dollar is uncertain. However, there are a number of factors that could lead to a weaker dollar in the coming months. Investors and businesses should be aware of these factors and should adjust their strategies accordingly

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Turning business adversity into success

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

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Thinking More Creatively With BusinessRiskTV
Thinking More Creatively With BusinessRiskTV

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Why is adversity important?

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

Entrepreneurs and business leaders who overcome adversity

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

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

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

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

How to overcome adversity with BusinessRiskTV

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BusinessRiskTV risk magazine subscription is quick online. Want to find out more about your country or industry risks? Interested in how other business leaders and risk management experts manage business risks well or badly? Subscribe to BusinessRiskTV for free.

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Scan the horizon for risks that will impact on your business objectives. Inform your foresight and scenario planning processes to be better prepared for threats and opportunities to grow faster. Stay up to date with the best enterprise risk management practices. Avoid the pitfalls of business management others have fallen into.

Exploring the key risk management trends and practices

Helping you identify and manage better key risks to your business. Business leaders get the latest news on whats happening in the business world. Read risk analysis articles or participate in online debate and discussion.

Improve your risk knowledge and business intelligence to make best business decisions more often.

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We welcome business leader and risk management professionals contributions. BusinessRiskTV was founded by Keith Lewis and is published by C&C Associates. We work with our risk management partners to provide tips advice and support to business leaders around the world. Seize the day with more confidence in your risk management decision making process.

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Shared Problems Shared Solutions Collaborative Meetings

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Business leaders collaborating on solving business problems together faster and cheaper

BusinessRiskTV Collaborative Business Solutions. Do you want to create more time for your business to grow faster with less uncertainty? Faced with a small budget for business protection and growth would you choose an online group session with other business leaders to save time and money? It is an idea some business leaders are investigating

Group online sessions solve common business problems faster and gives business leaders chance to collaborate with other business leaders with same attitude to business development and protection.

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Demand on business leaders time outweighs time available to manage all business risks cost effectively. In recent years the speed of change in the business environment has accelerated putting increased pressures on business leaders wearing many business responsibility hats.

In addition many businesses have complex business systems and business needs which can make finding the best business solutions more difficult to identify.

The traditional one to one business consultation can be prohibitively expensive and the business problem can seem unique when in fact it affects many businesses.

With limited risk management funding or possibility of employing inhouse risk management expert specialists business leaders may need to find innovative ways to find best business solutions quickly within available budget.

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Many businesses have the same need for commercial insurance cover and other solutions to protect the business that do not involve insurance. Most if not all business want to increase their opportunities to sell more and increase profitability. Business leaders may seek advice from risk management experts independently to advise on managing such business risks.

Instead of seeing a risk management consultant or business adviser on your own you could get together with a group of other business leaders needing to discuss the same business problems.

If a group of up to 10 business leaders came together with the same business problems could they share experiences to solve risk management problems faster and potentially cheaper?

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BusinessRiskTV risk management network partners facilitate online business leader meetings. The risk management facilitator gathers together business leaders with the same or similar business problems problems before the online meetings. The risk management facilitator also compiles a list of questions the participating business leaders want to ask the group that will include attending and participating risk management experts.

The collaborative group of business leaders and risk management experts will know the business problems to be focused on and details of the businesses involved in the online discussion ahead of the online meeting. This will enable attendees to be aware of the potential value of the meeting to them and prepare for the meeting. The participants in the online problem solving meeting must not only prepare to solve their business problems but must be prepared to help share solutions to help other attendees problems.

Sharing problems and helping solve others problems is the purpose of the meeting.

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The problem solving group may well discuss sensitive issues. This does not need to constrain those attending. Trust quickly develops as participants quickly realise they are not alone with their business problem and that they are talking to people who have already solved their problem. You create a bond with your fellow business leaders. The more you open up the more you get out of the meeting for your business. The sharing of experiences with other business leaders can be empowering.

The aim of the collaborative online meetings is to quickly find solutions to business problems to save time and money for the participants. Participants access more practical problem solving information that has worked already. The meetings help business leaders to more cost effectively use their own time and resources in solving their business problems and the business problems of others. As they are common problems experienced by all those attending then common solutions that actually work well will come to light without the need for discussion duplication.

You may prefer a one to one meeting with a business risk management consultant if you have the budget. However why reinvent the wheel. Other business leaders have solved your business problem already. Tap into their experience to solve your business problems quicker and potentially cheaper.

Collaborative business problem solving online meetings are for business leaders who already know what their business problems are. They just want to know the solutions quickly so they can go off and implement them for themselves and their business.

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It is unlikely that people will attending the meeting will diagnose the problem that is holding your business back. That is not the purpose of the online meetings. You identify what your business risks are and come to the meeting to find risk management solutions or ideas that have worked and could work for your business.

There are measures in place to ensure the confidentiality of information shared within the group and you can see one of our risk management experts from our risk management network on an online one to one appointment who will have seen your business problem before. However collaborative group sessions can quickly overcome barriers to your business growth and a valuable peer support network.

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Taking more calculated risks

Why calculated risk taking is important with BusinessRiskTV.com

How can a business take more risks to perform better?

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

What Is key to busness growth
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Taking more risks to achieve more success comes down to risk knowledge and business intelligence. A lack of risk knowledge leads to increased fear. This can result in missed opportunities to grow faster.

  • What are the potential costs of taking more risks?
  • What are the potential benefits of taking more risks?
  • How will taking more risks benefit your business?
  • What are the alternatives?
  • How much better would your business perform if the best case scenario came true?
  • What are the worst outcomes that could happen if you took extra risks and how could you reduce the risk?
  • How bad would it be if the worst case scenario risk event materialised?
  • What would your business look like in 5 years if your risk decisions were taken?

Assessing the risks incorporating both upside and downside risks will enable you to make more balanced business decisions to improve performance.

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

Negativity bias means in part we focus more on stopping bad things from happening than creating the environment for great good things to happen. For example, we focus on stopping climate damage instead of investing money in better natural environment. We spend more money to risk control instead of seizing new business opportunities which create risk but also create more rewards for risk takers.

Welcome the threats in the 2020s as they bring opportunities

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

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Should strong business leaders take personal responsibility

Leadership taking responsibility BusinessRiskTV.com

In an increasingly litigious and unforgiving society should business leaders take personal responsibility for business mistakes? In previous decades business leaders and politicians were often seen falling on their sword following risk events whether they were personally responsible or not.

However either through fear of legal action or fear of being lynched online or offline leaders now rarely fess up to being to blame. There have been some exceptions but over recent decades leaders have toughed it out or doubled up on their mistakes.

It was on my watch so I am responsible

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Is the fear of blame or blame culture led us to the position that we are failing to learn from mistakes?

Regardless of the cause there is a definite change in the honour or moral standing of our leaders. Leaders who make mistakes have to be brought screaming and shouting to be held to account when mistakes happen. More often than not they are then retired early literally or metaphorically to avoid personal accountability.

Many people respect people who make mistakes more if they take responsibility for mistakes. To err is human after all even when it is a computer fault!

Would it not be better if our leaders accept responsibility for mistakes and then created a written plan to avoid making the same mistakes again in future

Does a business organisation or political party not lose the opportunity to truly learn from mistakes made if the leaders are immediately jettisoned following mistakes. Leaders voluntarily stepping down following mistakes or failures are actually taking the easy way out for themselves not necessarily the business.

Why do our leaders not clear up their own mess more often?

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Our next online enterprise risk management conference event is exploring the need for greater accountability in business and in society in general.

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BusinessRiskTV Leadership Conference online events seek to engage top business leaders around the world in enterprise risk management topics. The result of the online discussions and interactions are not published. Instead the participants who have contributed reap the benefits for their own organisations. Their takeaways can be embedded to improve their own organisation risk management performance.

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Risk management leaders magazine for risk management news opinions reviews

Risk leadership theory and practical risk management advice with BusinessRiskTV.com

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The best time to plant a tree was 20 years ago and the second best time is right now

Overcoming procrastination with BusinessRiskTV.com

Procrastination is one of the biggest risks business leaders face. Putting business decisions off until tomorrow is delaying success and future growth. The best time to act to improve your business performance is now.

Manage out the uncertainty of your business decision making process to make better decisions quicker to improve business performance faster

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If you do not make the decision presented to you at least you can say it was not your fault it went tits up! Right? Maybe but your procrastination may be impeding your business performance.

With procrastination you are not managing business risks. You are just delaying the management of risks. Face up to your business risks today!

Many business leaders procrastinate on business risks because they think that risk events will not affect their business or that they have commercial insurance so are adequately protected from business risks. Simply effectively burying head in sand will not change a thing about your business risks. Commercial insurance may provide some money when you really need it however most business risks are uninsured or uninsurable even when you have an insurance policy!

Why procrastination is bad for your business

If you are leading your business and you are a procrastinator you may well miss business growth opportunities. Worse you maybe threatening the survival of your business should a risk event occur and you buried your head in the sand leaving your business unable to cope with the consequences of the risk event materialisation.

A big drain on your business success could be having business planning meetings without actually making changes to the business. Decide what is best and act with more confidence with enterprise risk management ERM!

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Too often business leaders take comfort in talking about changes to the business but do not like the responsibility or accountability arising from actual actions to change the business. It is easy to talk a good game!

Stop avoiding the tough decisions in business

Initiate the changes necessary to improve your business performance. Accomplish more with your existing business resources and stop making excuses or blaming others! Take action and stop procrastinating. Take the right risks for your business success in future.

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Deferring business decisions frustrates most people in your business. Confident business leaders assess the risks and become action takers proactively putting in place cost effective risk management controls.

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You may think your procrastination is not damaging your business. Chances are it is in one way or another.

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Develop better business leader skills

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Develop leaders in your business. Build your business intelligence for better business decision making. Become more proficient at enterprise risk management ERM. Improve your expertise and business competence. Finesse your risk management process. Understand your readiness to take more risks to achieve more in business. Be more savvy with your risk knowledge. Use latest risk management techniques.

Use risk management experts to help you make right choices.

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What is risk leadership and risk management

Our purpose is to help you solve important problems. Overcome barriers to growth and business resilience. Our focus is to keep you focused on your business key risks that matter to your success. Free tips advice and support to understand your most important risks.

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Are you responsible for risk management and accountable for business strategy?

If you are a risk leader become more effective within your business. Read risk management leadership articles and watch video stream online. Find answers to your business questions for free. Discover risk management solutions to embed in your business. Ask the experts for solutions to your business problems.

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Business leadership and management practices

Best practices in business management with BusinessRiskTV.com

Learn how to improve leadership and management practices. Explore best practices in business management. Develop management and leadership skills.

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Improve your business performance with less uncertainty impacting on business decision making.

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Reviews of best types of business protection with BusinessRiskTV.com

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Grow Your Business With Us
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Put your products or services in front of new people already interested in your type of business offering before your competitors grab your potential sales.

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

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BusinessRiskTV Guide To Business Protection

Running a successful business requires more than just a great product or service. It involves understanding and managing the risks that can impact your organisation. From financial risks to cybersecurity threats, there are various factors that can jeopardise the stability and growth of your business. In this BusinessRiskTV Guide to Business Protection, we will explore the key areas you need to consider to protect your business from potential risks.

Risk Assessment
The first step in protecting your business is to conduct a thorough risk assessment. This involves identifying and evaluating the potential risks that your business may face. It is essential to assess both internal and external factors that could impact your operations. Internal risks may include financial instability, employee turnover, or operational inefficiencies. External risks can range from economic downturns to changes in regulations or new competitors entering the market. By conducting a comprehensive risk assessment, you can prioritise your efforts and allocate resources effectively.

Financial Risk Management
Financial risks can have a significant impact on your business’s sustainability. It is crucial to develop a robust financial risk management strategy to protect your company’s assets and ensure its long-term viability. This includes identifying potential risks such as cash flow issues, debt management, currency fluctuations, and interest rate changes. Implementing financial controls, diversifying revenue streams, and creating a contingency fund are some of the strategies you can adopt to mitigate financial risks.

Insurance Coverage
Insurance plays a crucial role in protecting your business from unexpected events. It is essential to assess your insurance needs and ensure that you have adequate coverage. Different types of insurance policies are available to address specific risks, such as property insurance, liability insurance, business interruption insurance, and cyber insurance. Carefully review the terms and conditions of each policy to ensure that it aligns with your business’s unique requirements. Regularly reassess your coverage to account for any changes in your operations or business environment.

Cybersecurity Measures
In today’s digital age, businesses are increasingly vulnerable to cybersecurity threats. Protecting your business’s sensitive information and customer data is of utmost importance. Implement robust cybersecurity measures, including firewalls, encryption, secure passwords, and regular data backups. Educate your employees about the best practices for data security and create a culture of awareness within your organization. Conduct regular security audits and stay updated with the latest cybersecurity trends to stay one step ahead of potential threats.

Legal Compliance
Compliance with laws and regulations is critical to protecting your business from legal risks. Failure to comply with relevant regulations can result in hefty fines, legal battles, and damage to your reputation. Stay informed about the laws and regulations that govern your industry and ensure that your business adheres to them. This may include data protection laws, labor regulations, environmental regulations, and consumer protection laws. Establish robust compliance processes, including regular audits and training programs, to minimise legal risks.

Business Continuity Planning
Developing a comprehensive business continuity plan is essential to ensure that your business can withstand unexpected disruptions. Identify the critical functions of your business and create contingency plans to mitigate risks. This may involve developing alternate supply chains, establishing remote work capabilities, or creating backup systems for crucial operations. Regularly test and update your business continuity plan to account for any changes in your operations or potential risks.

Reputation Management
Protecting your business’s reputation is crucial for long-term success. A damaged reputation can result in loss of customers, decreased revenue, and difficulty attracting top talent. Implement strategies to build and maintain a positive brand image. This includes delivering excellent customer service, being transparent and ethical in your business practices, and actively managing your online presence. Monitor social media platforms, respond promptly to customer feedback, and address any negative publicity proactively.

Strategic Partnerships
Collaborating with strategic partners can help mitigate risks and enhance your business’s protection. Strategic partnerships can provide access to additional resources, expertise, and networks that can help you navigate risks more effectively. Look for partners who complement your business and share similar values. Collaborate on joint projects, share best practices, and leverage each other’s strengths to enhance your risk management capabilities. Building strong relationships with suppliers, distributors, and other key stakeholders can also contribute to the overall protection of your business.

Employee Training and Engagement
Your employees are an integral part of your business’s protection. Investing in employee training and engagement can help mitigate risks and enhance your overall business resilience. Provide regular training sessions on topics such as risk awareness, cybersecurity, compliance, and crisis management. Foster a culture of open communication, where employees feel comfortable reporting potential risks or suggesting improvements. Engaged employees are more likely to be vigilant and proactive in identifying and addressing risks, contributing to a safer and more secure business environment.

Continuous Monitoring and Evaluation
Business protection is an ongoing process that requires continuous monitoring and evaluation. Regularly review your risk management strategies and update them as necessary. Stay informed about the latest trends and developments in your industry to anticipate potential risks. Monitor key performance indicators (KPIs) and implement a robust reporting system to track the effectiveness of your risk management efforts. Conduct periodic audits and risk assessments to identify any emerging risks or areas for improvement.

Protecting your business from potential risks is essential for its long-term success and sustainability. By conducting a thorough risk assessment, implementing financial risk management strategies, securing adequate insurance coverage, strengthening cybersecurity measures, ensuring legal compliance, developing a business continuity plan, managing your reputation, leveraging strategic partnerships, investing in employee training and engagement, and continuously monitoring and evaluating your risk management efforts, you can enhance your business protection. Remember, business protection is an ongoing process that requires adaptability and a proactive approach to address the ever-evolving risks in today’s business landscape. By prioritising risk management and taking proactive measures, you can safeguard your business and position it for long-term growth and success.

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Leadership Disruption

Be a leader in business disruption with BusinessRiskTV.com

Find out how to lead your business to disrupt the marketplace. Discover how to react to disruption imposed on your business by other business leaders. Lead your business to faster growth. Protect your business from business disruptors.

Learn to thrive in disruptive business environment with BusinessRiskTV

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Be the best leader your can be in an age of business disruption. Rethink your business strategy with enterprise risk management principles and practices.

Whatever is driving risk whether it is geopolitical events financial crisis or other economic risk factors be in the driving seat for your business. Make business decisions with more confidence with BusinessRiskTV.

Learn how to survive and thrive with a more resilient business with BusinessRiskTV tips advice and support.

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Will You Suffer Catastrophic Loss To Disruptive Innovation Or Become A Disruptor In Your Own Marketplace

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No Such Thing As Bad Economic Environment Just Bad Business Planning

What can a business do to survive an economic crisis

Many business leaders claim external risk factors are the cause of poor business performance. They then claim full credit when the business has performed well!

Brexit uncertainty has been the perfect cover for poorly performing business leaders. No doubt their expert hand on the tiller will be responsible for improved performance after Brexit uncertainty has been removed one way or another.

The best example of excusers are retail business leaders. Worst of all is the British Retail Consortium BRC that frequently and consistently over the last 3 years have winged how difficult their members are finding the marketplace. The cause? All down to Brexit uncertainty as if it has just been sprung on retail business leaders!

The actual cause of losses shop closures and job losses has been that some retail businesses have incredibly bad business leaders who have lacked innovation and creativity. Some retail business leaders have stuck by what has worked for them in the past when in fact they needed to take action to prepare their business for a global economic slowdown and Brexit uncertainty.

Not all retail business leaders fall into this incompetent business leader camp. Many inspired and creative retail business leaders have prepared their business to changing economic environment and have or are starting to reap the rewards of being excellent business leaders.

If your CLICK here you will find some more business retail business leaders who know their onions. One company I have not heard being proclaimed as master of the High Street is Iceland. Take a walk along their food retail isle and you will soon discover that the Iceland management team have polished a turd and created a wonderful new retail business experience. Quality food is presented in great shops and offer fantastic value for money. Move over Lidl and Aldi as iceland are beating you at your own game.

What does ASDA and Sainsburys try to do? They go for a stock market solution. After trying to merge to destroy shareholder value and boost senior management team personal earnings before they retire then resort to price cuts. How innovative!

Best Retail Business Leaders To Watch – Iceland Management Team

My tip for the future is not because I am rewarded by Iceland. It is because I buy their products every week and so should you if you like quality food and great prices provided by impressive food retailers.

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Business Innovation and Creativity

What strategies can a company use in an economic downturn?

There is no doubt that the global economy is slowing in activity. No business leader can change the economic environment. Business leaders can however change how they manage the risks coming out of an economic slowdown.

Check in with BusinessRiskTV to find out what your peers are doing and what risk management experts recommend you do.

Bad situations can often be the spark and drive for better business management. Starting and growing a business in a bad economic climate can be the best situation to be in. Be prepared and do not listen to the naysayers in life and business!

Get help from BusinessRiskTV to overcome poor planning poor management and poor marketing.

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Identify the next steps for a better future regardless of the economic environment. Update your business plan and risk management strategy.

A bad economy could be the best thing for your business. Fewer competitors and more business opportunities for growth. Do not procrastinate. the perfect moment to make changes or start a business will never come until it is too late to take advantage of the opportunity. There is no such thing as a no risk business. Manage the risks to maximise performance with available business resources.

Great businesses can start and grow in any economy

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Threat and opportunity management

Exploiting Opportunities Mitigating Threats Cost Effectively With BusinessRiskTV

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

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

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

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

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We need to invest money in old ideas and new

Do you want to invest in your business future today

Subscribe to BusinessRiskTV for free alerts and bulletins on business innovation and growth ideas

Our future is here. We need to invest hard cash into the money innovative ideas that are just seedlings. In addition we need to invest money on old ideas that have legs but no backers. There are enormous opportunities for business and economic growth. Trouble is that we are still trying to make the obsolete ideas work for us now.

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Risk Events

BusinessRiskTV Risk Management Events online help for business leaders to grow business faster with less uncertainty

Did you want to understand the threats and opportunities you are or will face?

BusinessRiskTV Risk Events will help inform your risk management decision making. Make better decisions with less uncertainty.

Join us at free risk management events. BusinessRiskTV free online Risk Events are aimed at business leaders. Our risk management experts will help business leaders overcome barriers to success.

Come to our online risk events armed with any questions specific to your business needs as you like. Pick up free business risk management advice wherever you are in the world with a WiFi signal.

To confirm your interest and receive alerts to future Risk Events subscribe to BusinessRiskTV for free today.

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Who Is BusinessRiskTV

BusinessRiskTV was created by Keith Lewis as a hub for business leaders to connect with business management experts and other business leaders to solve business problems quicker.

With BusinessRiskTV you can pick up free business risk management tips advice and support. Our risk management tools and facilities provide various ways to gain support when making important business decisions wherever you are in the world.

Get a quiet nights sleep knowing that your business is better protected and more likely to grow faster with less uncertainty

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Come back time and again for the latest business risk management news headlines opinions and reviews.

How can BusinessRiskTV help your business

With our support uncertainty will have less of a negative impact on your business. Be more positive about future of your business.

It is our mission to help protect your business better and help you grow it faster more profitably for longer. Without making the right decisions at the right time you expose your business to losses and may miss opportunities for business development.

We have a range of services to help you. Most of them are free. We are constantly evolving our range of services to keep you covered. You develop a more holistic approach to business problem solving for a greater chance of more success.

  • Sell More In UK Online. We can help you with ecommerce solutions to sell more profitably and safely online.
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  • Collaborate and network online with top business leaders and risk management experts for free. Find best ways to protect and grow your business faster.

Join us at an online Risk Event to taste what we have to offer your business

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Organisational Agility and Resilience BusinessRiskTV Ways To Build A Resilient Organisation

Surviving and prospering with BusinessRiskTV

Improve organisational resilience

Find new ways to scan the horizon to prepare for and respond to emerging and changing enterprise risks. Work in collaboration with other leaders around the world to find best risk management practices in your country and industry.

Change organisational attitudes to risk management to build flexibility and resilience

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Find out how you can build organisational resilience.

Connecting Business Leaders and top risk management thought leaders

Finding the latest risk management best practices can be time consuming or unfruitful. We make it easier.

Searching for what you need to inform your business decision making process is free. Come back often to find more risk management information online quickly. Pick up the latest business risk management news headlines opinions debate and business reviews.

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Minimise Causes Of Loss In Business BusinessRiskTV Minimise Losses

How to reduce losses in business with BusinessRiskTV.com

Loss prevention and loss reduction tips advice and support

Minimise loss with BusinessRiskTV. Reducing losses in business can boost profit. Reduced losses means a business does not need to work to replace lost asset before achieving business objectives. Learn how to reduce business risk of loss.

Create a more effective risk management and loss prevention programme

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Identify new ways to reduce losses in your business. Read loss prevention products and services business reviews. Inform your business decision making. Take better steps to reduce business risk losses. Tackle common business risks to minimise losses.

Keep up to date with upcoming online workshops on loss minimisation. Loss prevention risk experts will help your business grow with less uncertainty. Reduce financial and non financial losses. Lessen the risk of loss with more confidence. Minimise losses and increase profit.

Helping connecting business leaders to inform business decision making

Finding the latest best business loss minimisation products and services can be time consuming or unfruitful. We make it easier.

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Searching for loss minimisation tips advice and support is free. Come back often to find the best loss reduction products and services on BusinessRiskTV. Pick up the latest business risk management news headlines opinions debate and business reviews.

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Reduce losses across your company. Minimise business risks and losses. Reduce risks by focusing resources on specific cost effective risk reduction measures.

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CLICK HERE to find out more about profitable marketing options for your business loss reduction products or services

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

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

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Business to business partnerships with BusinessRiskTV.com

Developing mutual growth relationship via collaboration hub on BusinessRiskTV. Business collaboration ideas are developed in groups of interested partners. Looking to grow your business faster? Business experts business owners and risk professionals work together go grow their own brand to reap rewards from each flash marketing project. Projects that work are easily repeated for nominal cost.

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Mutually growth relationship with BusinessRiskTV. Find out more about the benefits of business collaboration with BusinessRiskTV. The importance of collaboration in business is that it can reduce costs increase innovation and maximise profit for all.

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Growing a business in collaboration and partnership with other business leaders

Flash marketing business leader collaboration partnership projects for mutual benefit. Get your business products and services in front of potential new customers. Working together on business promotion marketing and advertising.

Innovative cost effective tools to grow your business faster with less uncertainty

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We are looking for new partners for the development of new business plans for sustainable growth. Grow your business locally and globally today.

How do I benefit from mutual growth partnership?

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Get into a mutual growth relationship with BusinessRiskTV below. Subscribe for free for more information.

Mutual Growth Via Collaboration Hub On BusinessRiskTV

Small business growth partners working together for mutual growth. A mutual growth relationship between like minded business thought leaders.

Business Collaboration

Small business mutual growth partners gather together online. Business collaboration ideas are presented discussed and committed to by those interested in better ways of building business resilience and faster business growth. Multiple individual projects can be worked on at any one time.

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Subscribe to BusinessRiskTV Mutual Growth Relationship Via Business Leader Collaboration Hub

We pool business marketing resources to hit targeted market sector industry area city or country. As this form of marketing and promotion is cheap it is highly sustainable for mutual long term growth.

Partners to the flash marketing project work together to find best way for mutual benefits. When working with our partners we are keen to support the growth of your business by working within realistic timescales and existing business resources. Set your business up for business growth through improved business performance.

Grab a bit more market share with little upfront costs. Beat your competitors to new customers. Outperform your business sector or industry business rivals.

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What Businesses To Watch What Risks To Watch Who Are The Leaders To Watch

Keep your business eye on the business risks that matter to your business success with BusinessRiskTV.com

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.

Subscribe to BusinessRiskTV for free alerts and bulletins to inform your business decision making

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BusinessRiskTV Online Broadcasting Guide

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?
  • Who or the business leaders blazing the trial to success? What could you learn from them?

Watch our risk experts analyse the financial markets the global economy and the business marketplace for free BusinessRiskTV subscription. Subscribe to read and watch corporate and economic updates. What are the things you need to know today. Catch up with highlights of key corporate risk management issues.

BusinessRiskTV Online Streaming Guide

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 BusinessRiskTV for upcoming live and on demand broadcasts. Stream to your smartphone tablet or pc for free. Each day week month and quarter new BusinessRiskTV free online streaming helps to keep you alert to threats and opportunities for your business.

Subscribe to BusinessRiskTV online broadcasting alerts

Follow BusinessRiskTV live online. Subscribe to receive email updates and highlights from BusinessRiskTV. Our risk experts and risk partners recommend best business practices and risk management options for your business.

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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Managing Uncertainty Better

Understand your business risks to manage your key business risks better with BusinessRiskTV

How do leaders manage uncertainty in business better

Managing uncertainty is a daily business dilemma. Business leaders have internal and external risk factors driving uncertainty in business. Often this uncertainty can lead to poorer business performance or even catastrophic business failure.

We are developing a business risk management hub to help inform your leadership team. Reduce the impact of uncertainty on your business success.

  1. Various risk management identification tools and techniques will bring emerging risks to your attention
  2. Our Partners analysis country and industry risks
  3. Inform your attitude to risk and take a more balanced risk based approach to business management

Our free enterprise risk management resources provide a free risk insight to the risks that matter to your business prosperity and even survival. Develop your risk knowledge for free.

Join in our online risk management discussions workshops and training sessions to hone your risk management skills and ability.

Leaders can manage uncertainty in various ways. Some bury their head in sand. Others adopt a belts and braces approach to risk control incurring imbalanced costs to benefits.

We can not guarantee you greater business success. We can help inform your business decision making process. You will be more likely to make better business decisions.

When facing doubts or uncertainty many business leaders turn to their gut instinct. Rolling the dice may turn up the result you are aiming for. This may work for you. However better risk management information may enable you to choose a different path. Or it may over procrastination to drive forward growth with more confidence. Not making a decision can be as bad as instinctively shooting off blindly.

Dealing with uncertainty better can help you navigate around pitfalls your competitors fall into. Help guide your business to greater success with less uncertainty. Manage uncertainty more cost effectively.

  • Leaders can use risk management principles and practices to take the next step towards success with more confidence.
  • Leaders can prepare themselves and their business to face the uncertain business environment to control threats and seize new business opportunities.
  • Leaders must learn to manage uncertainty better but they need not do this alone

Free subscription to BusinessRiskTV can support your business improvement plans.

Subscribe to BusinessRiskTV for free for tips advice and help to manage uncertainty better

Meet the challenges to your business with more confidence. The world is facing growing uncertainty. Adjust your business strategy to account for the significant risks impacting on your business objectives.

Join more than 27000 people interested in better enterprise risk management.

  • Read business risk management articles relevant to your enterprise.
  • Watch videos to inform your business decisions making.
  • Pick up ideas from top business thought leaders to grow your business faster with less uncertainty.

Subscribe for free to receive alerts to latest risk management news opinions and reviews.

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Corporate Risk Spotlight

Shining a spotlight on corporate risk management with BusinessRiskTV.com

Helping business risk managers develop an enterprise risk management framework to manage corporate risks better. Tap into risk management news analysis and solutions to protect businesses and grow faster. Casting the risk spotlight on current and emerging risks.

Subscribe to BusinessRiskTV Corporate Risk Spotlight alerts and bulletins

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We turn a public eye on key business risks

The corporate risks behind the latest news headlines put under the spotlight to identify the lessons business leaders need to learn to protect their own business. Grow faster with less uncertainty about risks on horizon or here right now.

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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

BusinessRiskTV Risk Academy Training Courses

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Achieve best practice in strategic planning operational and project management.

  • Increase Sales
  • Reduce Losses
  • Maximise Profit

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.

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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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Developing skills for business leadership. Small business leadership development. Sharpen the saw! Small business leadership training with BusinessRiskTV. Developing your skills will prove helpful in a rapidly changing business environment.

Helping small business leaders to grow faster with less uncertainty. Learn how to grow your small business. Find out how to promote your business more profitably. Develop skills to take your business to the next level.

 

How To Grow Your Small Business

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Do you feel your management skills are maximising the return on your investment of time and money? No? Maybe you need a little help for free to brush-up the way you are doing things to boost your business performance and increase your business sustainability?

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Push your business forward faster

Take your business forward with the help of your most valuable assets – your employees by squeezing every last penny out of them without alienating them!

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You may have already built a successful business. Or you want to start your own new business. Kicking on is not easy. Would you welcome some free help to make better business decisions?

Business leaders should never stop learning how to work better with their employees to find a way to achieve business and personals goals.

Small business owners and managers could improve the leadership and management skills with BusinessRiskTV. You may well be brilliant at what you do, but how can you inspire and encourage those who work for you to be brilliant too?

Get help to motivate your employees to be more creative and more risk aware. Let them see how this will benefit them personally as well as the business. Your business success may will depend on how inclusive your business culture is.

Learn how to work better with key business assets to improve return on your investment of time and energy. Build a better team by improving your leadership capability.

BusinessRiskTV hosts leadership skills development events online for free to help entrepreneurs improve what they know and implement knowledge more practically.

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  • Learn how to lead better
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Skills for business leaders

What Business Leaders Need to Know Today: Keys to Effective Leadership and Essential Skills

In today’s rapidly evolving business landscape, successful leaders must possess a unique set of skills and knowledge to navigate the complexities and challenges they face. This article explores the essential skills that business leaders need to cultivate and the keys to being an effective leader in the current business environment. Additionally, we will highlight the valuable resources available on BusinessRiskTV.com to assist business leaders in their quest for excellence.

I. Adaptability and Agility: One of the primary skills business leaders need today is adaptability. The ability to respond to change quickly and effectively is crucial in a dynamic market. Leaders should be open to new ideas, embrace innovation, and encourage their teams to think creatively. BusinessRiskTV.com offers insightful articles and resources on change management, strategic planning, and organisational agility, providing leaders with valuable insights into adapting their businesses to thrive in an ever-changing environment.

II. Emotional Intelligence and Relationship Building: Emotional intelligence (EI) is another vital skill for leaders in today’s business world. Leaders must have the ability to understand and manage their own emotions while also empathising with their employees, clients, and stakeholders. Building strong relationships and fostering a positive work culture is essential for long-term success. BusinessRiskTV.com offers resources on leadership development, communication strategies, and employee engagement, empowering leaders to enhance their emotional intelligence and create meaningful connections within their organisations.

III. Strategic Thinking and Decision-Making: Business leaders must possess excellent strategic thinking and decision-making skills. They need to have a clear vision for their organisation and be able to develop and execute effective strategies to achieve their goals. Moreover, leaders must make informed decisions based on data and market insights. BusinessRiskTV.com provides valuable resources on strategic planning, risk management, and market analysis, equipping leaders with the knowledge and tools needed to make strategic decisions with confidence.

IV. Resilience and Risk Management: In today’s uncertain business landscape, leaders must be resilient and adept at managing risks. They should anticipate potential challenges, develop contingency plans, and lead their teams through difficult times. BusinessRiskTV.com offers a wealth of resources on risk management, crisis leadership, and resilience strategies, enabling leaders to proactively identify and mitigate risks, ensuring the continuity and long-term success of their organisations.

V. Continuous Learning and Innovation: Successful business leaders recognise the importance of continuous learning and innovation. They actively seek opportunities to expand their knowledge and skills, staying updated on industry trends, emerging technologies, and best practices. BusinessRiskTV.com provides a platform for leaders to access industry-specific insights, thought leadership articles, and expert opinions, fostering a culture of continuous learning and innovation within their organisations.

VI. Effective Communication and Team Management: Leadership is about effectively communicating goals, expectations, and feedback to team members. Business leaders must be skilled communicators who can inspire and motivate their teams, fostering collaboration and achieving optimal performance. BusinessRiskTV.com offers resources on effective communication techniques, team management strategies, and leadership development programs, equipping leaders with the necessary skills to lead and manage diverse teams successfully.

VII. Ethical Leadership and Corporate Social Responsibility: In today’s business environment, ethical leadership and corporate social responsibility (CSR) are crucial for building trust and maintaining a positive reputation. Business leaders should prioritise ethical decision-making, accountability, and sustainability. BusinessRiskTV.com provides resources on ethical leadership, CSR strategies, and sustainable business practices, guiding leaders in creating a purpose-driven organisation that contributes positively to society and the environment.

McKinsey found recently that a third of buyers would spend up to half a million dollars without speaking to anyone. People just want to know they will be served. It’s not just about relationships. They ask “Where do I access information I need without being in 4 hour zoom call”. Buy risk management support differently. Be served online today 24/7. Achieve what you need for your business more cost effectively more easily with better risk management information and support.

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Business leaders of today face unique challenges and opportunities in a rapidly evolving business landscape. By cultivating essential skills such as adaptability, emotional intelligence, strategic thinking, and resilience, leaders can navigate these challenges successfully. The keys to effective leadership lie in continuous learning, effective communication, and ethical decision-making. BusinessRiskTV.com serves as a valuable resource hub, offering insights and tools that empower leaders to enhance their skills, make informed decisions, and drive their organisations towards long-term success in a rapidly changing world.

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Small Business Leaders Developing Leadership Skills

Why Do Businesses Need Leaders

Develop your business leadership skills with BusinessRiskTV

The importance of leadership in business is either underestimated or played down. Your team or business functions will operate in line with the inspiration you create or fail to create. Zombie businesses can survive in most business climates, but few will thrive in the business marketplace without good leadership, either from the top, or from middle managers who pick up the baton where the actual leaders have dropped it.

Innovative Leadership In Business

Leaders are needed at all levels of the business

However a great business needs a great visionary. Most visionary’s are made not born. That’s the good news! The bad news is that few business leaders seek to create a vision for their business that everyone else can buy into.

Whats worse is that few businesses invest sufficiently in developing future business leaders

There are many reasons for this. For some businesses, existing business leaders fear training those below them in case they walk away from the business to competitors or to become a new competitor business.

One way to overcome this fear is to share the rewards developing leaders bring to the business and not be too  greedy over short term spoils of new business generated and instead look to the long term benefit of fairly rewarding key business team members.

All hugely successful organisations and businesses need effective leaders

To become a great business leader requires much more than technical business skills that say accountants and lawyers may have. Great business leaders have bundles of emotional intelligence to bring in everybody into improve business performance not just the Board.

Top business leaders are not always brilliant business managers. You can be an amazing business manager, but may never be a business leader. Often great business leaders are not in management positions. Their talent is wasted cause they never get into a position to fully express themselves for the benefit of the business as a whole and themselves.

How do you find the business leaders in your business and bring business leaders together to focus on sustainable business growth?

Enterprise risk management methodology will help in this regard. Many SMEs and large businesses can benefit from developing the leaders who will guide us to a better future.

A look at the business news headlines in most week’s will reveal examples of bad business leadership. W need to help educate business leaders better to reduce frequency of bad business events and increase the occurrence and size of business successes. How we get there does not matter too much, but too often we don’t.

Is your business a zombie business, or worse a business that’s about to hit the rocks?

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Find ways to grow faster and protect your business better

Make better decisions today. Overcome tough decision-making issues faster.   Make your team follow you. Lead by example but make sure everyone in your team is engaged you yours and their future.

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