Prepare better and react better with BusinessRiskTV Business Risk Watch
Navigating the Uncertain Seas: Key Elements for Your 2024 Risk Management Plan
As we stand at the precipice of 2024, the economic landscape appears shrouded in a veil of uncertainty. The IMF warns of a “fragile recovery,” the ECB echoes concerns of “heightened financial stability risks,” while the Bank of England and the Federal Reserve contemplate further interest rate cuts. In this climate of volatility, having a robust risk management plan in place is no longer a mere option, but a critical imperative for business leaders.
This article, penned by an experienced business risk management expert, serves as your guide in navigating these uncertain waters. We will delve into the key elements you must include in your 2024 risk management plan, drawing on insights from leading global financial institutions to equip you with the tools necessary to weather the coming storm.
1. Embrace a Forward-Looking Perspective:
Traditional risk management often adopts a reactive stance, focusing on mitigating known threats. However, in today’s rapidly evolving environment, such an approach is akin to navigating a storm with outdated weather charts. In 2024, it is crucial to adopt a forward-looking perspective, actively scanning the horizon for emerging risks and proactively constructing safeguards.
The IMF stresses this need for vigilance, stating, “Global risks remain elevated, and policymakers need to be prepared for potential shocks.” This necessitates incorporating scenario planning into your risk management framework. Consider various plausible economic, geopolitical, and technological scenarios, and assess their potential impact on your business operations. By anticipating potential disruptions, you can develop adaptive strategies that allow you to pivot and thrive even in unforeseen circumstances.
2. Prioritise Financial Resilience:
With central banks hinting at interest rate cuts and a potential economic slowdown looming, financial resilience should be at the core of your 2024 risk management plan. The Bank of England warns of “heightened vulnerabilities in the financial system,” highlighting the need for businesses to shore up their financial reserves. You need to get ready to seize new business opportunities as well as threats in 2024.
Here are some actionable steps you can take:
Conduct thorough stress testing to assess your ability to withstand various economic shocks.
Diversify your funding sources to reduce dependence on any single lender.
Tighten control over operational costs and implement measures to improve cash flow.
Build financial buffers to weather potential downturns.
Develop your ability as a business to be more innovative.
Remember, a robust financial position provides a critical safety net during turbulent times, allowing you to seize strategic opportunities while your competitors struggle.
3. Fortify Your Cybersecurity Defenses:
The digital landscape is increasingly fraught with cyber threats, ranging from sophisticated ransomware attacks to data breaches. As the ECB aptly states, “Cybersecurity risks remain a key source of financial stability vulnerabilities.” In 2024, businesses must prioritise fortifying their cybersecurity defenses to protect sensitive data and critical infrastructure.
Here are some essential steps to take:
Invest in robust cybersecurity software and regularly update it.
Implement rigorous employee training programs to raise awareness of cyber threats and best practices.
Conduct regular penetration testing to identify and address vulnerabilities in your systems.
Develop a comprehensive incident response plan to effectively handle cyber attacks.
Remember, a single cyber breach can inflict significant financial and reputational damage. By prioritising cybersecurity in your risk management plan, you can safeguard your business against these ever-evolving threats.
Here are some ways to cultivate a risk-aware culture:
Encourage open communication and transparency regarding potential risks.
Empower employees to report concerns and participate in risk identification processes.
Regularly train employees on risk management practices and procedures.
Reward employees for proactively identifying and mitigating risks.
By embedding risk awareness into your corporate fabric, you empower your employees to become active participants in safeguarding your business, creating a more resilient and adaptable organization.
5. Embrace Agility and Adaptability:
The volatile economic landscape of 2024 demands agility and adaptability. As the IMF aptly puts it, “Uncertainty remains high, and flexibility will be key.” This means being prepared to adjust your strategies and operations as circumstances evolve.
The year 2024 promises to be a year of economic uncertainty and potential turbulence. However, by incorporating the key elements outlined in this article, you can develop a robust risk management plan that safeguards your business and positions you for success. Remember, effective risk management is not a one-time exercise, but an ongoing process. Continuously monitor the evolving landscape, update your plan accordingly, and foster a culture of risk awareness within your organisation. By remaining vigilant, adaptable, and financially resilient, you can navigate the uncertain seas of 2024 and emerge stronger on the other side.
In closing, let us leave you with the words of Christine Lagarde, President of the European Central Bank: “Resilience is not built overnight. It requires constant vigilance, preparedness, and adaptation. Let us be the generation that builds stronger foundations for a more resilient future.”
Survival Strategies in Business: Join Our Expert Course
Unlock the secrets to thriving in uncertainty with BusinessRiskTV.com’s “Survival Strategies in Business” course! In an ever-evolving marketplace, business leaders must adapt quickly to survive and succeed. This dynamic course offers invaluable insights into identifying risks, leveraging opportunities, and implementing effective strategies to navigate challenges.
Led by industry experts, the course covers essential topics such as crisis management, strategic planning, and resilience building. You’ll gain practical skills and tools to enhance your decision-making and foster a culture of agility within your organisation.
Business survival guide for trading through harsh economic environment
Survival Strategies in Business: A Comprehensive Guide to Thriving in Harsh Economic Environments
In today’s volatile business landscape, navigating through challenging economic conditions can be a daunting task. However, with effective survival strategies in place, businesses can not only weather the storm but also emerge stronger. This article will provide valuable insights and practical tips on how to keep your business afloat during harsh economic environments, employing key survival strategies in strategic management.
Assess and Adapt: The Foundation of Survival Strategies Surviving in a harsh economic environment begins with a thorough assessment of your business. Evaluate your current position, identify strengths, weaknesses, opportunities, and threats (SWOT analysis), and develop strategies to leverage your strengths and address weaknesses. Adaptability is key, as businesses must be prepared to pivot and adjust their operations to align with changing market demands.
Streamline Operations and Reduce Costs During challenging times, it is crucial to optimize your operations and identify areas for cost reduction. Analyze your business processes, eliminate inefficiencies, renegotiate contracts with suppliers, and explore opportunities for outsourcing non-core activities. Cutting unnecessary costs while maintaining quality and efficiency can help businesses survive and remain competitive.
Diversify Your Revenue Streams Overreliance on a single product, service, or market can expose businesses to significant risks. To enhance survival prospects, consider diversifying your revenue streams. Explore new markets, develop complementary products or services, or establish strategic partnerships that can open up additional income sources. This diversification can provide stability and cushion against economic downturns.
Maintain Strong Relationships with Customers Nurturing and retaining existing customers is vital during tough economic times. Focus on providing exceptional customer service, personalised experiences, and innovative solutions that meet their evolving needs. Develop loyalty programs, offer incentives, and engage in proactive communication to strengthen customer relationships. Satisfied customers are more likely to remain loyal and support your business, even in challenging times.
Embrace Digital Transformation In the digital age, businesses that fail to adapt to the digital landscape risk falling behind. Invest in technology and embrace digital transformation to improve operational efficiency, reach a wider audience, and capitalise on emerging opportunities. Leverage digital marketing, social media, and e-commerce platforms to expand your online presence and connect with customers in cost-effective ways.
Continuously Monitor and Anticipate Market Trends Survival strategies require businesses to stay ahead of the curve by monitoring and anticipating market trends. Regularly analyse industry reports, conduct market research, and keep a close eye on your competitors. This proactive approach allows you to identify emerging opportunities, anticipate challenges, and make informed strategic decisions to keep your business agile and resilient.
Build a Resilient Workforce Employees are the backbone of any organisation, and their resilience is crucial during tough times. Foster a culture of open communication, transparency, and collaboration within your workforce. Provide training and development opportunities to enhance their skills and adaptability. Engage in effective change management practices to ensure a smooth transition during challenging periods. A resilient workforce can contribute significantly to the survival and growth of your business.
Seek Financial Support and Plan for Contingencies When economic conditions worsen, seeking financial support can be essential for business survival. Explore funding options, such as loans, grants, or government programs designed to assist businesses during economic downturns. Develop a contingency plan that includes financial forecasts, cash flow management strategies, and risk mitigation measures. Being prepared for unexpected challenges can minimise their impact on your business operations.
Collaborate and Leverage Networks In difficult times, collaboration and strategic alliances can be powerful survival strategies. Identify opportunities to collaborate with other businesses or industry associations to share resources, pool knowledge, and jointly tackle challenges. Collaborative efforts can lead to cost savings, knowledge exchange, and access to new markets or customer segments. Leverage your professional networks, attend industry events, and actively participate in business communities to stay connected and explore potential partnerships.
Communicate Transparently with Stakeholders During harsh economic environments, maintaining open and transparent communication with stakeholders is crucial. Keep employees, investors, suppliers, and customers informed about your business’s situation, challenges, and strategies. Clear communication fosters trust, builds loyalty, and encourages support from key stakeholders. It also allows for collaborative problem-solving and enables stakeholders to align their expectations with the reality of the economic climate.
Embrace Innovation and Agility Innovation and agility are key survival traits for businesses operating in challenging economic environments. Encourage a culture of innovation within your organisation, where employees are empowered to generate and implement new ideas. Adapt quickly to changing circumstances, seize emerging opportunities, and be willing to modify your business model or offerings to meet evolving market demands. Embracing innovation and agility can help you stay ahead of the competition and thrive, even in tough times.
Surviving and thriving in harsh economic environments require a combination of strategic planning, adaptability, and resilience. By implementing the survival strategies in strategic management outlined in this article, businesses can weather economic downturns, keep their businesses afloat, and position themselves for long-term success. Assessing and adapting, streamlining operations, diversifying revenue streams, maintaining strong customer relationships, embracing digital transformation, monitoring market trends, building a resilient workforce, seeking financial support, collaborating with others, and communicating transparently are key elements to guide businesses through challenging times. By employing these strategies, you can fortify your business’s survival and emerge stronger in the face of adversity.
10 Steps To Innovating Your Business To Remain Resilient and Thrive Through Recession
Measuring Innovation in Your Team: A Comprehensive Guide
Innovation has become a key driver of success in today’s fast-paced and ever-evolving business landscape. As a team leader or manager, it is essential to measure and evaluate the level of innovation within your team. This article aims to provide you with a comprehensive guide on how to effectively measure innovation and foster a culture of creativity and continuous improvement within your team.
Establish Clear Objectives and Key Performance Indicators (KPIs) Defining clear objectives is crucial to measuring innovation. Identify the specific goals you want to achieve through innovation and break them down into measurable KPIs. These KPIs could include the number of new ideas generated, the successful implementation of innovative solutions, or the impact of innovation on business outcomes.
Foster an Innovation-Friendly Environment Creating a culture that encourages and supports innovation is essential. Provide your team with the necessary resources, such as time, tools, and training, to explore new ideas and experiment. Encourage risk-taking and embrace failure as a valuable learning opportunity. Foster collaboration and open communication to stimulate the exchange of ideas.
Encourage Idea Generation and Brainstorming Actively promote idea generation sessions and brainstorming activities within your team. Encourage team members to share their thoughts, insights, and suggestions freely. Implement techniques such as mind mapping, design thinking, or hackathons to stimulate creativity and problem-solving.
Measure Idea Conversion Rate Tracking the conversion rate of ideas generated into implemented innovations provides valuable insights into the effectiveness of your team’s innovation process. Monitor the progression of ideas through various stages, from concept development to implementation. Analyze the reasons behind successful conversions and learn from those that did not materialise.
Assess the Quality and Impact of Innovations Evaluate the quality and impact of implemented innovations to measure the effectiveness of your team’s efforts. Consider factors such as customer satisfaction, revenue growth, cost savings, or process improvements. Use surveys, interviews, or data analysis to gather feedback from stakeholders and assess the impact of innovations on the organization.
Embrace Continuous Learning and Improvement Encourage a mindset of continuous learning and improvement within your team. Provide opportunities for training and professional development to enhance individual and collective innovation skills. Regularly review and reflect on the innovation process, seeking areas for improvement and implementing necessary changes.
Foster Collaboration and Cross-Functional Teams Collaboration is a key driver of innovation. Encourage cross-functional teams that bring together diverse perspectives, skills, and expertise. Facilitate knowledge sharing and create platforms for team members to collaborate on innovative projects. Measure the level of cross-functional collaboration and the resulting synergies.
Utilise Technology and Digital Tools Leverage technology and digital tools to streamline the innovation process and capture relevant data. Use innovation management software or project management tools to track ideas, monitor progress, and analyse results. Analyze the data collected to identify patterns, trends, and areas for improvement.
Recognise and Reward Innovation Recognise and reward team members who contribute to the innovation process. Celebrate achievements and acknowledge innovative ideas, successful implementations, or creative problem-solving. Create a reward system that reinforces a culture of innovation and motivates individuals to continue their innovative efforts.
Seek External Benchmarks and Feedback Look beyond your team and seek external benchmarks and feedback. Engage with industry experts, attend conferences, or participate in innovation-related networks. Benchmark your team’s innovation efforts against industry standards and best practices. Gather feedback from customers, partners, or other stakeholders to gain external perspectives on the impact and value of your team’s innovations.Measuring innovation in your team is essential for fostering a culture of creativity, continuous improvement, and ultimately driving success. By establishing clear objectives and KPIs, creating an innovation-friendly environment, encouraging idea generation, and assessing the quality and impact of innovations, you can effectively measure and evaluate your team’s innovative capabilities. Embrace collaboration, utilize technology, recognise and reward innovation, and seek external benchmarks and feedback to further enhance your team’s innovation initiatives. Remember, innovation is a journey, and by continuously measuring, learning, and improving, your team can stay at the forefront of change and drive long-term success.
Work on the best strategy for your business in these highly uncertain times
Get help to grow in a business environment which is hard to predict, but through which you need to navigate.
Decision making under uncertainty
Procrastination or failing to take risks can be as damaging as taking calculated risks to achieve business objectives. The uncertainty in business environment is not going to go away. Waiting for the right time may mean you wait forever and it still works out badly for your business.
A recession, even a depression, can be a good tome to beat your competition through business growth
A global recession is coming. It may even turn into years of depression. You may need to rethink your business during the uncertainty that comes during the bad months, perhaps years, ahead.
Work with us to learn how to succeed in uncertain times
We connect with business leaders to manage the risks during heightened uncertainty. The threats to your business have rarely been greater. However, the riskiest business environments create the best tomes for faster business growth.
Embracing Risk in Business: Overcoming Failure and Breaking the Status Quo Trap
If you want success in business you have to take risks and know that if you made bad decisions Plan B, C or D will enable you to recover and still move forward.
In the dynamic world of business, success often hinges on the ability to take risks and make informed decisions. Entrepreneurs and business leaders know that to achieve significant growth, they must step out of their comfort zones and embrace uncertainty. This article explores the importance of risk-taking in business and how it can lead to success. Additionally, we will discuss the strategies to overcome failure, the perils of the status quo trap in decision-making, and the impact of risk on the decision-making process.
Why is risk important in business? 1.1. Driving Innovation and Growth 1.2. Seizing Opportunities in a Competitive Market 1.3. Navigating Uncertainty and Adapting to Change 1.4. Attracting Investors and Stakeholders 1.5. Learning and Personal Growth
How do you overcome business failure? 2.1. Accepting Failure as a Learning Opportunity 2.2. Analysing and Understanding the Root Causes of Failure 2.3. Reevaluating and Adjusting Strategies 2.4. Cultivating Resilience and Perseverance 2.5. Seeking Mentorship and Learning from Others’ Experiences 2.6. Leveraging Failure for Future Success
The Status Quo Trap in Decision-Making 3.1. Defining the Status Quo Trap 3.2. Recognizing the Dangers of Complacency 3.3. Assessing the Cost of Inaction 3.4. Overcoming the Status Quo Trap 3.5. Encouraging a Culture of Innovation and Change
How Does Risk Affect Decision-Making? 4.1. Rational vs. Irrational Decision-Making 4.2. Understanding Risk Appetite and Tolerance 4.3. Weighing Potential Gains and Losses 4.4. Mitigating Risks through Analysis and Planning 4.5. Balancing Risk and Reward 4.6. Incorporating Risk Management Strategies
To achieve success in business, it is imperative to recognise the significance of risk-taking and the role it plays in driving growth, innovation, and adaptability. Overcoming failure requires resilience, a willingness to learn from mistakes, and a commitment to constantly improve. Moreover, breaking free from the status quo trap empowers decision-makers to challenge conventional thinking and embrace change. By understanding the interplay between risk and decision-making, entrepreneurs can make informed choices that lead to positive outcomes and propel their businesses forward.
Remember, success in business isn’t about avoiding risks altogether but rather about managing and mitigating them effectively. Embrace the unknown, learn from failures, and dare to challenge the status quo — for it is through these actions that true success can be achieved.
Take The Leap Into Your Future Business Success With More Confidence
Make the leap! Expand your business thinking. Deliver a successful innovation strategy for your business in with BusinessRiskTV.com. Grow your profits through better products or services innovation and better external communication.
We support businesses innovate by our business experts, business intelligence and innovative business development tools.
Create more value for your customers, your employees and yourself. Harness what is already good in your business and let us help you take your business to the next level!
Reinvent or redesign your corporate strategy to drive faster business growth and generate more business value.
Subscribe for free BusinessRiskTV newsletter and business alerts
Subscribe to BusinessRiskTV.com for free
What is innovation strategy for your business in UK
Businesses must be able to benefit from change. We explore the importance of adapting to change in a business. What are the benefits of change in the workplace. Changes in business can be necessary due to external and internal business risk factors. Not all change has to be major. Small incremental changes, combined, can be more effective and beneficial to your business than giant leaps. Constant major changes can also be counterproductive.
What are the negative effects of change in business?
What are the positive effects of change in business?
Learn how to embrace change and innovation in your company.
Today’s organisation’s must embrace change to survive and prosper. Ensure your business has a culture of looking at change as an opportunity to improve not something to fear or resist. Explain the importance of accepting change positively to your employees and customers.
Employees will develop new skills which will make them more valuable to you but also more valuable in the marketplace.
Employees will have new opportunities to be more creative in alignment with new business objectives so both can navigate choppy market conditions.
Employees will become more engaged with and committed to your business as their ideas will help grow the business and their role within the business.
Sell the benefits of a constantly changing business to your employees so they can help you not run away from your business.
We look at why change is important. Explain the importance of accepting change positively. Not forgetting both the negative and positive effects of change in the workplace. Control the negative effects of change while enhancing the positive effects of change.
Embracing change means embracing failure. Not all changes will be successful. However if employees feel that their ideas and failure of ideas will be accepted without recrimination and even rewarded, you will find the gems in the rough that will boost your business development.
You need and plan and a process to filter the ideas. Your plan needs to engage all levels of your organisation not just the management team.
Embracing change will help your business find and develop new ideas and opportunities to grow faster. Change in business is inevitable so why not embrace it positively at all times to get the best out of it and mitigate anything bad about change. Embracing change is essential for the future success and growth of your business so adopting a culture and a habit of embracing change will supercharge your growth. Change will no longer threaten your survival in business.
What are the benefits to customers when a business changes?
Adapt your business and embrace change to benefit old and new customers. A culture of embracing change and a process for managing risks of change will lead to more satisfied customers as well as more engaged workforce.
Much innovation is born out of necessity – for example during times of war. The COVID period maybe our time of war. It as certainly led to the worst economic period for several hundred years including from two world wars. What we can learn from Abandoned Engineering on Yesterday Channel is that our forefathers have invested incredible amounts of money and energy in ideas that failed for various different reasons. If you want your business to be resilience regardless of the economic environment you need to adopt the right risk management strategy to give your business the best chance of surviving in all economic weather. We may think we have been unlucky. However, all previous generations have had their challenges. Our challenge is to be innovative, creative and resilient no matter what is thrown at us.
The opportunities for increasing retail-based business income remain huge for innovative retailers looking to the future not to return to past
Make tomorrow today. Do not procrastinate another day. Transform your business tomorrow today. Things will be better in business tomorrow cause of what you did today and every day.
The business world today and the business world tomorrow will be hugely different after coronavirus pandemic. We need to tackle tomorrow today even in lockdown before peak infection comes.
There are better ways of working that can help alleviate and even solve the coronavirus pandemic. We can learn the better ways to make post coronavirus pandemic better.
We will not manage this crisis quicker by doing what we have always done. Neither will post crisis be better by going back to business as as normal.
Tomorrow will be a better if we change our today
Take action today for a better business tomorrow. Transform your business today. Tomorrow is not a given. Ask yourself how can I make tomorrow better than today? Work with people who can help you make your business better tomorrow.
Join our exploration of practical ways to make being in business better
Join for free and find out more about opportunities to meet up online with top business leaders locally and globally.
Listen to risk management experts on country risks industry risks or whole world business solutions.
Ask questions to find answers to your business problems.
Find business leaders to collaborate with on business development.
If you join for free today you will receive email alerts to online virtual meetings conferences and discussions you can join if you wish to. You will also receive in your inbox alerts bulletins and reviews to inform your business decision making. Improve your risk knowledge and business intelligence to protect your business better and grow faster.
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.
BusinessRiskTV
We need to change our business thinking. Invest in innovative thought processes to discover new ways of overcoming business problems in front of us.
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
Read risk horizon scanning business articles and watch videostream trending on BusInessRiskTV
Promote and market your business on BusinessRiskTV for 12 months
Put your products or services in front of new customers already interested in your type of business offering before your competitors do.
Find out how to promote your business locally and globally. CLICK HERE for more information.
Link into your existing sales process direct from BusinessRiskTV or use our eCommerce solutions to increase your sales cash flow or profit. Increase the sources of your revenue streams more sustainably. Grow your business faster with BusinessRiskTV.
How to overcome loss aversion with BusinessRiskTV.com
How do we make the best use of available business assets and resources to maximise return of investment of time and money
Fear of loss often beats the desire to gain more. Fearing losing everything you have built is natural human reaction. However is your fear getting in the way of seizing new business opportunities? Keep innovating and growing with less uncertainty with BusinessRiskTV.
Develop a holistic risk management culture to drive your business forward. Up your risk appetite to achieve more with more controlled balanced risk taking.
The biggest factor in business leader decision making is fear of loss. People worry about loss more than securing gains.
BusinessRiskTV
Develop a more assured risk management framework and risk assessment process to match your risk culture. Make sure your risk taking remains within your risk tolerance.
Do you have loss aversion bias in decision making?
Business leaders who are loss averse feel the pain of loss much greater that any joy from any gains from decisions made. They make strategic business decisions accordingly. The risk culture of the business models the loss aversion bias of the business leader.
If this works well for your business you should continue with status quo. However if you would like to experience faster business growth you may need to take more calculated risks.
Loss aversion refers to the tendency to prefer avoiding losses to acquiring equivalent gains. It is better for you to not lose 10000 pounds than to make 10000 pounds in business.
BusinessRiskTV
However most entrepreneurs and many business leaders are in their position to better themselves. If you mitigate the potential losses from taking more risks and manage the risks to maximise the return on your investment you should end up with faster growth with less uncertainty.
It is more common in people who are not entrepreneurs or business leaders to be biased against taking risks. Loss aversion is a reflection of a general bias in human psychology. People tend to want to stick with what they know than make changes that might not work well. People in general are resistant to change. When presented with the potential benefits of change they focus more on what might be lost rather than on what can be gained.
What is your business risk tolerance? If you can make changes to try to grow faster that if do not work fall within your risk tolerance would you take more risk?
If you adopted small changes rather than one big radical all eggs in one basket change would you feel more comfortable? Spreading your faster business growth changes across a few new ideas may be better for your business. When you know which one of the new changes works best perhaps then you can focus on one new idea.
Do not confuse more risk taking in business with gambling. Taking calculated risks to grow faster is about assessing and then managing the risks before you action more risk taking. You can mitigate the threats from more risk as well as maximise the returns from taking more risks.
Few things in business life are guaranteed other than taxes! Even maintaining the status quo comes with the threat of business failure. Kodack photography business was once one of the most successful businesses in the world. How many Kodack films do you buy for your camera now!
The desire to avoid business losses is motivated by fear. The more a business leader fears losses the more likely he or she is to be loss averse and the more likely they are to be disinclined to make changes to their business to be more successful. Having a better understanding of the risks that could be taken to achieve more will make loss averse business leaders more comfortable with changing the the business.
Often the perception of risks and reward are skewed to the belief that you are doomed to fail which means you do not make changes to the business. By the same token it is important that all stakeholders in the business are involved in assessing risks from changes to business. Business leaders who do like taking risks can miss the pitfalls to mitigate against whilst making changes that can cause the change project fail even if it was a great idea.
With a little input and engagement from all levels of the organisation your project to grow faster is more likely to be a success. Take risks that are worth taking which are achievable with everyone onboard.
BusinessRiskTV
Subscribe to BusinessRiskTV for free alerts bulletins and reviews to your email inbox on enterprise risk management and project risk management
Subscribe to BusinessRiskTV.com for free
Promote and market your business on BusinessRiskTV for 12 months
Put your products or services in front of new customers already interested in your type of business offering before your competitors do.
Find out how to promote your business locally and globally. CLICK HERE to find out more entering code #Marketing.
Link into your existing 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.
Get ready for the 4th industrial revolution with BusinessRiskTV.com
Harness the full innovative power of your business. Create a better future with your existing resources. Focus your assets on the opportunities offering the greatest return.
Innovate or wither and die?
Is your business in zombie mode? Is it ticking along but with a little inspiration could be zooming along! Businesses which do not innovate could wither and die in the changes which are already in motion.
If you think the decade has been changing rapidly fasten your seat belt for the next decade! Even the best businesses growing healthily are going to be subject to existential choices.
Take banking industry for example. There is absolutely no reason you will not be banking online with Facebook Google or Amazon instead of Lloyds Barcalys or HSBC.
There are already internet only or app only banking businesses thriving in the UK. They do not have the costs of bank branch network. Fewer employees delivering what especially the younger generation want online. These apps will eventually sell car insurance house insurance mortgages credit cards et al that traditional banks offer. Why could Facebook Google or Amazon not do the same with their astronomical piles of cash. Yes I mean cash as they do not need to borrow money to lend money to you which will make them even more profitable should they start their banking arm of the business in UK.
Fourth Industrial Revolution Latest News Commentary and Risk Review
If traditional banking industry could fail to survive in future why do you think your business is safe?
Is it not a little arrogant to think your great business is going to survive the coming changes? If the UK ever gets up to speed with 5g which clearly it eventually will then another building block will be in place that will destroy many traditional businesses.
5G is both an opportunity and existential threat to many traditional businesses. Just because what you have done works for your business model does not mean it will work well in future.
are you really getting the most out of your solid business assets?
Even if you have a great business now are you sure it is operating productively? The greatest killer of UK economic growth is poor productivity. The UK does not perform any way near as productively as its developed competitors in the global marketplace.
Could your business grow faster if it took the slack from poor productivity out?
BusinessRiskTV
Subscribe to BusinessRiskTV for free strategic risk management news opinions and reviews alerts to your email inbox
Complete and submit form below and enter code #StrategicPlanningForSuccess.
[ninja_forms id=1]
Read strategic planning articles and watch videostream trending on BusinessRiskTV
Grow Business Faster With Less Uncertainty With BusinessRiskTV. CLICK HERE or email [email protected] for more information
How can business leaders protect and grow their business regardless of business environment
Do not panic! Think about and implement new strategies to reduce negative risks to your business. Be better prepared for downside risks. Discover fresh ideas to tackle risk management challenges.
Risk events can destroy a business strategy. Best laid plans … Managing business risks is crucial to maximise business performance. How do you identify and mitigate strategic operational and project risks?
How To Manage Risk In Business
Take The Leap Into Your Future Business Success With More Confidence
Analyse the risk so you can decide on its importance in relation to your business objectives.
Prioritise your available business resources to tackle the key business risks for the best return on your risk management time and money.
Assign responsibility for each key risk to your senior management team members. If no one is going to be held account for failure to manage key risks then there will be insufficient consideration of the risk.
Monitor and review your key business risks and effectiveness of associated risk management measures. If the net risk rises then you may need to make changes to you risk management plan. If the net risk reduces you may assign less management time to controlling it but still allocate responsibility for controlling the risk to a key senior management team member.
Risk Identification
Identify potential problems that could cause your business trouble. The business risk can be an event or it can be a condition like changing business environment.
Identify and assess your enterprise risks better
Risk Mitigation
International Trade Hub
Design a risk mitigation plan eliminate or minimise the impact of the risk on your business objectives. After evaluating the risk pick a risk mitigation strategy that avoids reduces or transfers the risk. Alternatively accept the risk as part and parcel of achieving business objectives.
Select and commit business resources required for specific risk mitigation strategies.
BusinessRiskTV
Seek out guidance on how to identify the risks your business may face. Understand how to respond to risk events. Put new risk management systems in place to deal with the risks cost effectively.
Learn how to develop a risk management plan to protect your business. Find ways to minimise business risks with a new risk management strategy and approach for managing.
Reduce not only the likelihood of an event occurring but also the potential impact. Make sure you also consider the opportunities to grow your business when determining how best to manage risks.
Subscribe to BusinessRiskTV for free risk management alerts bulletins and reviews to your email inbox
Work with BusinessRiskTV to identify alternative risk mitigation strategies methods tools and techniques for each key risk. Get risk management advice on how to control and minimise negative effects of key risks from network of risk management experts.
Practical guidance on strategic risk management with BusinessRiskTV.com
Strategic Risk A Guide For Senior Managers and Executives
Strategic risk magazine guidance tips and advice. Interested in managing strategic risk better? Tips advice and practical guidance on strategic risk management. Discover how to manage strategic risks better. Inform your strategic risk management thinking.
Define your corporate risk tolerance and appetite for risk levels to inform your strategic decision making.
BusinessRiskTV
Receive free alerts bulletins and reviews on strategic risk management practices. Take a holistic approach to management of strategic risks.
Subscribe to BusinessRiskTV.com for free enter code #StrategicPlanning
Global Strategic Risks: What Businesses Need to Know
In today’s increasingly interconnected world, businesses are not just affected by risks within their own industry or country, but also by global strategic risks that can have far-reaching consequences. These risks can arise from geopolitical, economic, technological, environmental, and societal factors, and can impact businesses in a multitude of ways, from supply chain disruptions to reputational damage.
In this article, we’ll explore some of the most significant global strategic risks facing businesses today, and discuss how businesses can prepare themselves to mitigate these risks and remain resilient in the face of uncertainty.
Geopolitical Risks
Geopolitical risks refer to risks that arise from political factors and can have an impact on businesses operating in a particular region or globally. These risks can arise from changes in government policies, political instability, geopolitical tensions, and trade disputes, among other factors.
One of the most significant geopolitical risks currently facing businesses is the rise of economic nationalism and protectionism. In recent years, we have seen a trend towards governments implementing policies to protect domestic industries and workers, which can lead to increased tariffs, trade barriers, and restrictions on foreign investment. These policies can have a significant impact on businesses that rely on international trade and investment, particularly those in the manufacturing and services sectors.
Another geopolitical risk is the increasing geopolitical tensions between major powers such as the US, China, and Russia. These tensions can lead to increased military spending, arms races, and regional conflicts, which can disrupt global supply chains and cause economic uncertainty.
Businesses need to be aware of geopolitical risks and prepare themselves to mitigate their impact. This can involve diversifying supply chains, developing contingency plans, and monitoring political developments in the regions in which they operate.
Economic Risks
Economic risks refer to risks that arise from changes in the global economy and can impact businesses in a variety of ways, from changes in consumer demand to fluctuations in commodity prices. These risks can arise from a variety of factors, including changes in interest rates, inflation, and exchange rates.
One of the most significant economic risks currently facing businesses is the threat of a global economic recession. While the global economy has experienced a period of sustained growth in recent years, there are concerns that this growth may be slowing, and that a recession could be on the horizon. A global recession could have significant impacts on businesses, particularly those in the retail and hospitality sectors.
Another economic risk is the increasing use of automation and artificial intelligence in the workplace. While these technologies have the potential to increase efficiency and productivity, they can also lead to job losses and a shift in the nature of work. Businesses need to be aware of these trends and prepare themselves to adapt to changing economic conditions.
To mitigate economic risks, businesses can take a range of actions, including diversifying their revenue streams, investing in innovation and technology, and maintaining a strong financial position.
Technological Risks
Technological risks refer to risks that arise from changes in technology and can impact businesses in a variety of ways, from cyber threats to disruptions caused by new technologies. These risks can arise from a variety of factors, including changes in consumer behaviour, advancements in artificial intelligence and robotics, and the increasing use of data analytics.
One of the most significant technological risks currently facing businesses is the threat of cyber attacks. Cyber attacks can have a significant impact on businesses, from the theft of sensitive data to disruptions in business operations. Businesses need to be aware of the risks posed by cyber attacks and take steps to protect themselves, such as implementing robust cybersecurity measures and regularly reviewing their security protocols.
Another technological risk is the increasing use of automation and robotics in the workplace. While these technologies can increase efficiency and productivity, they can also lead to job losses and a shift in the nature of work. Businesses need to be aware of these trends and prepare themselves to adapt to changing technological conditions.
To mitigate technological risks, businesses can invest in cybersecurity measures, regularly review their technology infrastructure, and adopt a culture of innovation and adaptation.
Environmental Risks
Environmental risks refer to risks that arise from changes in the natural environment and can impact businesses in a variety of ways, from supply chain disruptions to regulatory changes. These risks can arise from a variety of factors, including climate change, natural disasters, and resource depletion.
One of the most significant environmental risks currently facing businesses is the impact of climate change. Climate change can lead to increased frequency and severity of natural disasters, as well as changes in weather patterns that can disrupt supply chains and business operations. Businesses need to be aware of the risks posed by climate change and take steps to reduce their environmental footprint, such as investing in renewable energy and reducing waste.
Another environmental risk is the depletion of natural resources, such as water and minerals. Businesses that rely on these resources need to be aware of the risks posed by resource depletion and take steps to diversify their supply chains and reduce their reliance on finite resources.
To mitigate environmental risks, businesses can invest in sustainable practices, reduce waste, and adopt a culture of environmental responsibility.
Societal Risks
Societal risks refer to risks that arise from changes in society and can impact businesses in a variety of ways, from changes in consumer behavior to reputational damage. These risks can arise from a variety of factors, including changes in demographics, shifts in cultural values, and changes in consumer preferences.
One of the most significant societal risks currently facing businesses is the rise of social media and online activism. Social media can amplify negative feedback and criticisms of businesses, leading to reputational damage and decreased consumer trust. Businesses need to be aware of the risks posed by social media and take steps to manage their online reputation and respond to criticisms in a timely and effective manner.
Another societal risk is the increasing focus on social and environmental responsibility. Consumers are becoming increasingly aware of the impact of their purchasing decisions on society and the environment, and are demanding that businesses act responsibly. Businesses that fail to meet these expectations risk losing consumer trust and damaging their reputation.
To mitigate societal risks, businesses can invest in social and environmental responsibility practices, regularly monitor their online reputation, and respond to criticisms in a transparent and accountable manner.
Businesses today face a range of global strategic risks that can have far-reaching consequences. These risks can arise from geopolitical, economic, technological, environmental, and societal factors, and can impact businesses in a variety of ways. To remain resilient in the face of uncertainty, businesses need to be aware of these risks and take steps to mitigate their impact. This can involve diversifying supply chains, investing in innovation and technology, reducing environmental impact, and adopting a culture of social and environmental responsibility. By taking a proactive approach to risk management, businesses can position themselves for long-term success in an increasingly uncertain world.
Promote and market your business on BusinessRiskTV for 12 months
Put your products and services in front of new buyers more innovatively to sell more online.
Find out how to promote your business locally and globally CLICK HERE
Link into your existing sales process or use our eCommerce solutions to increase sales cash flow and profit.
Increase your revenue streams more sustainably. Grow your business faster.
Read articles and watch videostream on strategic risks trending on BusinessRiskTV
Problems we will face in future assessed with BusinessRiskTV.com
Working on productivity and profitability for stronger decade ahead. Control the destiny of your business. Change the way you manage business risks to boost business performance and build business resilience.
Help your business grow faster instead of fearing survival
What business risks will your business face over the coming 10 years. How will the 4th industrial revolution impact on your business. How well prepared are you? What things will change in the future.
Fourth Industrial Revolution Latest News Commentary and Risk Review
Preparing for a better future
Develop your risk management systems. Improve governance and compliance. Build stronger business resilience. Increase turnover more profitably.
Subscribe to BusinessRiskTV for free alerts bulletins and reviews to your email inbox on future business risks
Promote and market your business on BusinessRiskTV for 12 months
Put your business products or services in front of buyers interest in your business offering. Link into your existing sales processes. Increase your revenue streams more profitably. Grow your business faster.
Targeted Marketing Investment To Hit The Potential Buyers You Need To Grow Your Business Faster
Read horizon scanning and risk foresight articles and watch videostream trending on BusinessRiskTV
How to implement mindfulness in the workplace in a strategy to grow your business more sustainably with BusinessRiskTV.com
Mindfulness works at work. Workplace wellbeing initiatives can be productively embedded in every business to support business objectives. A mindfulness and wellbeing strategy can deliver real financial benefits to the business.
Tips on how to implement mindfulness at your workplace
Engage all employees in the enterprise risk management process. By being part of the solution employees can see how their input protects the business better and grows it faster. A healthy looked after workforce is a more committed workforce working towards business goals.
Bringing mindfulness training into your wellness and and wellbeing programme will help solve or improve health issues such as high stress levels or high rates of mental health related absence. Many more days are lost at work due to poor health than accidents. Stress in the workplace is one of the biggest contributors to poor mental health.
Investment in mindfulness and wellbeing can benefit both the company and employees
BusinessRiskTV
Ground your business in the present to be more successful in future.
Subscribe to BusinessRiskTV for free alerts and bulletins on better business management tips ideas and solutions to your inbox
Promote and market your business on BusinessRiskTV for 12 months
Put your business in front of moy potential customers to increase online sales and grow your business faster.
Find out how to promote your business locally and globally. CLICK HERE or email [email protected] entering code #Marketing
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.
Ways to improve income and reduce costs with BusinessRiskTV.com
Ways to improve income and reduce costs. Learn how to reduce cost and increase profit. Develop new cost cutting strategy. Cost savings vs revenue generation. How to reduce cost of production. Use new cost reduction methods. Discover how to reduce cost and increase profit. Learn how to increase revenue. Adopt cost cutting measures in your business.
Are your sales up but profits are down?
BusinessRiskTV
Increase potential new customers online. We can provide new income streams. You deliver your products or services direct to your new customers. Use more cost effective innovative ways to reach new customers that also increase your profit not just your income. Add on a new revenue development strategy with our help and support.
Identify all your business costs and expenses. Use our network of business leaders to find more competitive pricing. Lower your marketing costs with BusinessRiskTV. More carefully manage your business costs to boost profit.
Look for new business opportunities in collaboration with our growing network of business leaders. Put your products or services in front of new potential customers. Develop your business with more profit not just more sales.
Increase your business productivity with BusinessRiskTV. Bolt on our service to your existing sales process to increase revenue without significantly increasing costs. Connect to people who want to be marketed to differently.
Subscribe to BusinessRiskTV for free alerts and bulletins to your email inbox on better ways to grow your business faster with less uncertainty
Enter code #CostReductionMethods
Promote and market your business on BusinessRiskTV for 12 months
Put your products or services in front of new people already with limited budget interested in your type of business offering before your competitors grab your potential sales.
Find out how to promote your business locally and globally
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.
Read business management articles and watch videostream trending on BusinessRiskTV
Growing your business online with BusinessRiskTV. Learn how to grow a business online. Pick up how to grow business tips. Take advantage of free marketing tools. Create an online advertising strategy to boost your online sales and business growth.
Develop a more cost effective advertisers online strategy. Pick up practical tips to grow your business faster online.
BusinessRiskTV
Diversify your income streams to make your business more profitable. Reach more new customers. Expand the audience viewing your products or services. Engage people online in your business brand.
Small business owners entrepreneurs and leaders of SMEs check out our innovative ways to grow your business faster. Do you want to grow your business without spending a lot of money.
Better Business Performance With BusinessRiskTV
Find out how to expand a business online
Generate new business by growing your potential customer base. Find business mentors to help advise on your business expansion. Discover new ways to meet the demands of the savvy business leader or cost sensitive consumer. No need to spend lots of money to attract new customers online.
What makes a business sustainable and profitable with BusinessRiskTV.com
Good things come to business leaders who build a resilient sustainable business. A business strategy which seeks immediate payback money may not reap returns the business idea deserves. It may not be the best idea to seek an immediate return on your investment of time and money.
Subscribe to BusinessRiskTV.com for free enter code #BusinessPlanning
A longer term plan that does not demand instant results will be more stable more achievable and more flexible to take account of internal and external risk factors. It is more likely to bring greater success.
Strategic operational and project business planning for sustainable long term business growth
Starting from a stable more predictable base and then consistently scanning the horizon for risks impacting on business objectives is a surer way to achieve business success.
Subscribe to BusinessRiskTV for free business risk management alerts bulletins and reviews to your inbox
Enter code #SustainableGrowth
[ninja_forms id=1]
Join our online risk management webinars and collaborative discussion groups to discover new ways to grow your business faster with less uncertainty
Enter code #EnterpriseRiskWebinars
Promote and market your business on BusinessRiskTV for 12 months
Put your products or services in front of new people already interested in your type of business offering before your competitors do.
Find out how to promote your business locally and globally
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 for longer with BusinessRiskTV.
Creative and innovative thinking with BusinessRiskTV.com
Develop innovative thinking skills and process for your business. Find new and innovative ideas to help your business grow faster.Learn about strategies to help develop innovative thinking.
Develop a more innovative business to create a competitive advantage
BusinessRiskTV
Creative thinking for practical benefits will help your business grow faster. Learn techniques for generating new ideas. Connect with top business leaders around the world to help you.
Identify and seize new business opportunities.
BusinessRiskTV
Subscribe to BusinessRiskTV for free alerts and bulletins on innovative ideas to protect and grow your business
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
BusinessRiskTV
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.
Subscribe to BusinessRiskTV Leadership Disruption for free alerts and bulletins
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.
Subscribe to UK Online for free for UK business and economy news views and reviews bulletins
Keep up to date with business risk management. Free news alerts and bulletins to your email inbox.
Promote and market your business on BusinessRiskTV for 12 months
Find out how to promote your business locally and globally
Recommended UK business and economy articles and videos
What are business and economy bloggers saying today? What do you need to know today? Get help to manage your business better. Improve business performance.
BusinessRiskTV Top Business News
Pick up tips advice and support to make better business decisions. Network with business leaders to overcome barriers to business quicker and cheaper. Do not reinvent the wheel!
Learn how to regain control of your business risks with BusinessRiskTV
Whether you accept avoid transfer mitigate risks or exploit risk opportunities is not straight forward. Find new ways to improve the culture of risk management to boost business performance. Increase your business success.
How do you manage risks?
How can your management of risks be improved?
What risks should you take and which should you not tolerate?
Understand the risk management process better. Discover the best risk management practices. Improve your risk management with better risk management solutions.
Sometimes we have to accept the risks our businesses face to achieve our goals. Taking no action to control the risks does not mean you have not managed the risk. It means you have identified and assessed it and proactively choose to accept it as the risk is within your risk tolerance and appetite for risk.
The other extreme is that you avoid the risk identified. The risk is beyond your risk tolerance and appetite for risk to pursuance of your business objectives.
Developing a balanced risk management action plan is not easy but it should be simple to work well.
BusinessRiskTV
Taking the right steps to manage risks will boost your business performance with less uncertainty.
Build your business resilience
Create more value
Advance your risk management capability
There is always room for improvement. Better risk management will mean your business is better prepared for the future. Improve performance regardless of business environment.
Whether you are trying to do something new or just want to find new ways to manage existing risks join our 360 Business Club.
Join our 360 Business Club to protect your business better and grow faster with less uncertainty impacting on your business objectives. CLICK HERE or email [email protected] entering code #360BusinessClub
Learn how to build a brand online with BusinessRiskTV
Brand awareness marketing with BusinessRiskTV
Learn how to increase brand awareness online. Reach more of your target audience for less. Build your brand faster for less. Start engaging more with potential new customers.
Discover new ways to use your own social media and our social media to build your brand online.
Find new valuable connections.
Learn how to grow your following.
Interact with customers more often quicker and easier to sell more profitably online.
Consult with us to grow your social media marketing because our online digital marketing can help your business grow faster.
BusinessRiskTV
Your brand speaks for your company and its products or services. In todays online world its important that your brand has a responsive presence to grow faster.
Whether you are looking to build a brand from scratch or strengthen an existing brand BusinessRiskTV will help you build a brand using social media. We help you create and build a social media strategy to engage your target audience.
Subscribe to BusinessRiskTV for free to receive alerts and bulletins to grow your business faster
Subscribe to BusinessRiskTV.com for free
Want to promote and market your business more profitably?
Grow your business today with less uncertainty with BusinessRiskTV
Drive the identification reporting and cost effective management of all risks across the enterprise. Learn how to create an efficient risk management framework. See our enterprise risk management solutions for your business problems.
Develop a structured approach to enterprise risk management ERM. Use enterprise wide risk management to identify assess and manage all significant business risks.
Tackle changing and emerging business risks to effectively manage uncertainty better to boost business performance. Free 360 degree view of the business world. Access the business intelligence and risk knowledge to make business decisions more confidently.
BusinessRiskTV
Upgrade your risk management governance and compliance framework and practices. More effectively implement an enterprise wide risk based approach to strategic operational and project risks.
Subscribe to BusinessRiskTV for free alerts on enterprise wide risk management
Connecting business leaders locally and globally
Finding the latest best business practice can be time consuming or unfruitful. We make it easier.
Searching for what you need to inform your business decision making is free. Come back often to find the best of business quickly. Pick up the latest business risk management news headlines opinions debate and business reviews.
Do you own or manage a risk management consultancy business?
Business leaders do not always have the marketing budget to promote their business. We provide a range of online marketing options for businesses to fit most budgets so you can promote your business products or services for longer.
Become Enterprise Risk Management Framework Tips Advice and Support Post sole sponsor for 12 months
Paypal is an independent third party payment system provider. We will never see your full payment details. Pay with your credit or debit card and be protected by Paypals secure systems.
Sponsor Enterprise Risk Management Framework Tips Advice and Support Post for 12 months
When Paypal tell us your sponsorship fee has cleared to our account we will
Email you to get your logo or image an link it to your business website
We will also ask for more information about your business to create a business review to promote your business
We will include all your preferred contact details to make it easy for new potential customers to buy from you instead of your competitors
Strategic business planning tips advice and support on BusinessRiskTV
Identify assess and manage what should be your strategic priorities. Prepare your business to achieve business goals and objectives with less uncertainty. Improve business performance. No company can avoid business risk. Develop a better risk based roadmap. Set and deliver business strategy your business leaders want. Take into account risk tolerance and appetite for risk.
You might be set for massive business success but what is realistic in the short medium and long term?
BusinessRiskTV
What should you focus your resources on?
What must you do to achieve what you want with less uncertainty?
What will work best for your business risk culture?
Prepare a realistic SMART risk based business strategy for greater success. Maximise the return of your investment of time and money. Control strategic operational and project risks better. Seize new business development opportunities. Plan for faster business growth.
Our Strategic Business Planning Workshops to help business leaders deliver better business results. Create an effective business strategy. Focus resources on key critical priorities for faster business growth.
Business Risk Management Magazine Free Subscription
Subscribe to BusinessRiskTV Strategic Business Planning Tips Advice and Support for Free
Helping business leaders grow
Finding the latest best business practices can be time consuming or unfruitful. We make business protection and growth easier and better.
Searching for what you need to inform your business decision making is free. Come back often to find the best of business online quickly. Pick up the latest business and economy news headlines opinions debate and business reviews.
Business leaders do not always have the marketing budget to promote their business. We provide a range of online marketing options for businesses to fit most budgets so you can promote your business products or services for longer.
Improving strategic risk management withing financial services industry in UK with BusinessRiskTV
Subscribe to BusinessRiskTV for free today
Strategic risk decision making in financial services industry is not complicated but it is complex. Reduce the complexity to what matters to your business in the financial services sector.
Become more efficient and productive
Build greater business resilience
Improve business performance
Failing to be innovative and creative in the financial services sector may place your business at a competitive disadvantage. However innovation and creativity brings added risk. Is that added risk with it? Enterprise risk management ERM approach will help you decide.
In addition ERM risk based decision making will help you protect your financial services business better. Align your business strategy with best practice risk management tools and techniques to reduce strategic operational and project risks.
Regulatory compliance increased investor engagement and expectations and increasingly volatile geopolitical risks makes investing for the future and management of investment risks harder
BusinessRiskTV
The future of financial services industry risk management is also changing with artificial intelligence divergent regulatory controls and splintering risk culture ambitions driving changes in practice.
Keep up to date with best risk management tools and techniques to improve your business decision making. The financial financial crisis is beginning. We just do not know where it started and what we are doing wrong. However being prepared for the next financial crisis should be part of a holistic enterprise risk management approach.
Chances are that fintech will play a role in the next financial crisis. Technology risks are a key risk factor for business growth and disaster for financial services companies in particular.
Lack of need to control risks will also play a role in the next financial crisis. The financial services industry has found it near impossible to manage its own risks without regulatory control. Dissipation in regulatory control will precipitate the financial services industry lunging over the cliff.
The fact that the financial services sector has still not recovered from the last financial crisis is another reason that another financial crisis will occur. ItalianChinese and Indian banks are in particular bursting at the seems with near unmanageable debt levels. Add to that boiling frothing pot of junk political instability in EuropeAsia and Americas then you have a perfect storm waiting to be unleashed.
Should we withdraw from business or investing? Of course not. It has always been thus. It has always been about the survival of the fittest. However what has changed is that there is increased realisation that the fittest are those businesses and investors who invest in socially responsible investing. Environmental social and governance risk factors are at play. The strongest are the ones who embrace this philosophy.
A holistic enterprise risk management approach to business management and investing is the future. If you are waiting to look back and acknowledge that with hindsight you will be one who suffers most from the next financial crisis. You may not survive the long term. If you are not looking to the long term then good luck to you. You might get lucky. If you are looking for long term sustainability get on the holistic enterprise risk management boat today. Create long term value through enterprise risk management today not tomorrow.
Helping to connect key business leaders online
Finding the latest best business practices can be time consuming or unfruitful. We make life and business easier and better.
Searching for what you need to inform your business decision making is free. Come back often to find the best of business quickly. Pick up the latest lifestyle and business risk management news headlines opinions debate and business reviews.
Are you a business owner or manager in the financial services industry?
Business leaders do not always have the marketing budget to promote their business. We provide a range of online marketing options for businesses to fit most budgets so you can promote your business products or services for longer.
Sponsor Strategic Risk In Financial Services for 12 months
Globally Empty Office Buildings and Commercial Property Creating Debt Collapse, Systemic Threat to Banking System Worldwide
The COVID-19 pandemic and central banks response – overprinting of money out of thin air – has had a devastating impact on the global economy, and nowhere has this been more evident than in the commercial real estate sector. As businesses have been forced to close or operate remotely, millions of square feet of office space have been vacated, leaving office buildings empty around the world.
This has led to a sharp decline in property values, and many commercial real estate owners are now facing significant financial losses. In some cases, these losses have become so severe that they have forced property owners to default on their loans, which could have a ripple effect throughout the global banking system.
Who Has the Most Exposure to Commercial Real Estate?
The financial institutions that have the most exposure to commercial real estate are those that specialise in lending to businesses and developers. These institutions include commercial banks, investment banks, regional banks in USA and insurance companies.
According to a recent report by the International Monetary Fund, commercial banks worldwide have about $20 trillion in outstanding loans to commercial real estate borrowers. This represents about 10% of all bank lending globally.
Investment banks and insurance companies also have significant exposure to commercial real estate. Investment banks, for example, often underwrite and market commercial real estate bonds, which are a type of debt security that is backed by the income generated from rental properties. Insurance companies, on the other hand, often invest in commercial real estate through real estate investment trusts (REITs), which are companies that own and operate income-producing properties.
Are Banks in Danger?
The sharp decline in commercial real estate values has raised concerns that banks could be in danger of suffering significant losses on their loans to commercial real estate borrowers. In some cases, these losses could be so severe that they could force banks to default on their own debts, which could lead to a systemic financial crisis.
However, it is important to note that banks have a variety of tools at their disposal to manage their exposure to commercial real estate risk. For example, banks can sell off their commercial real estate loans to other investors, or they can take steps to restructure the terms of these loans. At the same time if the sea level is going down for all banks in real estate debt crisis will there be enough saviours?
In addition, the government can also play a role in helping to stabilise the commercial real estate market. For example, the government can provide financial assistance to banks that are struggling with commercial real estate losses, or it can provide tax breaks to businesses that are considering moving back into office space. At the same time this is inflationary and may result in even higher interest rates – problem delayed but worsened thereby extending and increasing length of recession creating depression.
How Many Office Buildings Are Empty in the US?
According to a recent survey by the commercial real estate firm CBRE, about 15% of office space in the United States is currently vacant. This represents about 250 million square feet of empty office space.
The vacancy rate is highest in major cities such as New York, San Francisco, and Los Angeles. In these cities, the vacancy rate is often above 20%.
The vacancy rate is also high in some smaller cities and towns. For example, the vacancy rate in the city of Detroit is currently over 30%.
These, official, vacancy rates seem lower than real levels other agencies produce and anecdotally.
Why Are the Banks in Trouble?
The banks are in trouble because they have lent too much money to commercial real estate borrowers. When these borrowers default on their loans, the banks are left holding the bag.
The banks are also in trouble because the value of their commercial real estate assets has declined. This decline in value has made it more difficult for the banks to sell these assets, and it has also reduced the amount of collateral that they have available to secure their loans.
The banks are also facing increased competition from non-bank lenders, such as private equity firms and hedge funds. These non-bank lenders are often willing to lend money to commercial real estate borrowers at lower interest rates than the banks.
Conclusion
The global pandemic has had a devastating impact on the commercial real estate sector, and this has led to significant financial losses for banks and other financial institutions. The situation is likely to get worse before it gets better, as more and more businesses continue to operate remotely. If it gets worse it will be a very long time – decades – before it gets better!
The government will need to play a role in helping to stabilise the commercial real estate market, and banks will need to take steps to manage their exposure to commercial real estate risk. If these steps are not taken, the global banking system could be in danger of a systemic crisis.
BusinessRiskTV Financial Services Industry Magazine
Managing Risk in Financial Services
Managing Risk in the Ever-Evolving Financial Services Industry
The financial services industry is a complex and dynamic sector that plays a vital role in the global economy. It encompasses a wide range of activities, including banking, insurance, investment management, and more. However, with the constant changes and uncertainties in the business landscape, managing risk has become a critical aspect of the financial services industry. In this article, we will explore the challenges and best practices of managing risk in the ever-evolving financial services industry.
The Changing Landscape of the Financial Services Industry
The financial services industry has gone through significant changes over the years, driven by various factors such as technological advancements, regulatory reforms, economic fluctuations, and changing customer preferences. These changes have brought new opportunities and challenges for businesses operating in this industry.
One of the significant changes in the financial services industry is the increasing reliance on technology. The digital revolution has transformed the way financial services are delivered and consumed. Fintech companies have emerged, leveraging technology to disrupt traditional financial services providers. This has resulted in increased competition and the need for traditional financial institutions to adapt and innovate to stay relevant.
Another change in the financial services industry is the evolving regulatory landscape. Governments and regulatory bodies around the world have implemented stringent regulations to safeguard consumers and ensure financial stability. These regulations, such as the Dodd-Frank Act in the United States and the MiFID II directive in the European Union, have increased compliance requirements for financial services firms. Non-compliance can result in severe penalties and reputational damage, making effective risk management essential.
Economic fluctuations also impact the financial services industry. Economic downturns can lead to increased credit risk, market volatility, and liquidity challenges, while economic upturns can present growth opportunities. As the global economy becomes increasingly interconnected, events in one part of the world can have ripple effects on financial markets globally, making risk management more complex and critical.
Lastly, changing customer preferences and behaviors have also impacted the financial services industry. Customers now demand personalized and convenient financial services, with a focus on transparency and trust. This has led to a shift in business models, with a greater emphasis on customer-centricity and digital engagement. Firms need to understand customer preferences and manage reputational risk to maintain customer trust and loyalty.
Challenges in Risk Management in the Financial Services Industry
The evolving landscape of the financial services industry has brought about several challenges in managing risk effectively. Some of the significant challenges include:
Increasing Complexity: The financial services industry is highly complex, with numerous products, services, and processes. Risk managers need to understand the intricacies of various financial instruments, business models, and regulatory requirements to identify and manage risks effectively.
Changing Regulations: The regulatory landscape is constantly evolving, with new regulations being introduced and existing ones amended. Financial services firms need to stay abreast of these changes and ensure compliance, which requires significant resources and expertise.
Cybersecurity Risks: The increasing reliance on technology has also exposed the financial services industry to cybersecurity risks. Cyber threats, such as data breaches and ransomware attacks, can result in financial losses, reputational damage, and regulatory penalties.
Geopolitical Risks: Geopolitical events, such as trade disputes, political instability, and sanctions, can have significant impacts on the financial services industry. These events can affect global markets, currencies, and investment portfolios, leading to increased volatility and risk exposure.
Reputation Risk: Reputation is crucial in the financial services industry, and any damage to reputation can have severe consequences. Negative public perception, loss of customer trust, and regulatory scrutiny can all result in significant financial and operational impacts.
Operational Risks: The complex and interconnected nature of the financial services industry also presents operational risks. Operational failures, such as system outages, processing errors, and human errors, can disrupt business operations, cause financial losses, and harm reputation.
Risk of Financial Crime: Financial services firms are also exposed to risks related to financial crime, including money laundering, fraud, and corruption. These risks can arise from internal or external sources and can result in regulatory penalties, legal liabilities, and reputational damage.
Risk from Emerging Technologies: The rapid pace of technological advancements, such as artificial intelligence, blockchain, and cryptocurrency, presents both opportunities and risks for the financial services industry. Firms need to understand the risks associated with emerging technologies and implement effective risk management strategies to mitigate them.
Best Practices for Managing Risk in the Financial Services Industry
Given the challenges and complexities of managing risk in the financial services industry, it is essential for firms to adopt best practices to effectively mitigate risks. Here are some key best practices for managing risk in the financial services industry:
Develop a Robust Risk Management Framework: Financial services firms should establish a comprehensive risk management framework that includes risk identification, assessment, mitigation, monitoring, and reporting. This framework should be integrated into the firm’s overall strategy, operations, and decision-making processes.
Embrace a Risk Culture: Establishing a strong risk culture is critical for effective risk management. It involves fostering a culture where risk awareness and accountability are embedded in the organisation’s values, behaviours, and practices. This includes promoting open communication, risk transparency, and learning from mistakes.
Stay Abreast of Regulatory Changes: The financial services industry is heavily regulated, and firms need to stay updated with the latest regulatory changes that impact their operations. This includes understanding the implications of regulatory changes, ensuring compliance, and engaging with regulators proactively.
Enhance Cybersecurity Measures: Given the increasing cybersecurity risks, financial services firms should implement robust cybersecurity measures to protect their systems, data, and customer information. This includes regular cybersecurity assessments, employee training, and incident response plans.
Diversify Risk Management Strategies: Financial services firms should adopt a diversified approach to risk management. This includes diversifying investments, customers, and markets to reduce concentration risk. It also involves using risk transfer mechanisms such as insurance and derivatives to mitigate risks.
Conduct Comprehensive Due Diligence: Financial services firms should conduct comprehensive due diligence before entering into any business relationships, such as partnerships, acquisitions, or investments. This includes assessing the financial stability, reputation, and compliance of potential business partners to mitigate counterparty risk.
Implement Robust Compliance Programs: Compliance is a critical aspect of risk management in the financial services industry. Firms should establish robust compliance programs that include policies, procedures, and controls to ensure compliance with applicable laws, regulations, and internal policies.
Invest in Technology and Data Analytics: Technology and data analytics can play a significant role in enhancing risk management in the financial services industry. Firms should invest in advanced technologies, such as risk management software, data analytics tools, and machine learning algorithms, to identify, assess, and monitor risks effectively.
Continuously Monitor and Update Risk Management Strategies: Risk management is an ongoing process, and firms should continuously monitor and update their risk management strategies to adapt to changing business and market conditions. This includes conducting regular risk assessments, evaluating the effectiveness of risk mitigation measures, and making necessary adjustments as needed.
As the financial services industry continues to evolve, managing risk has become more critical than ever. Firms operating in this industry face various challenges, including increasing complexity, changing regulations, cybersecurity risks, geopolitical risks, reputation risk, operational risks, risk from emerging technologies, and risk from financial crime. However, by adopting best practices such as developing a robust risk management framework, embracing a risk culture, staying abreast of regulatory changes, enhancing cybersecurity measures, diversifying risk management strategies, conducting comprehensive due diligence, implementing robust compliance programs, investing in technology and data analytics, and continuously monitoring and updating risk management strategies, financial services firms can effectively mitigate risks and safeguard their operations, reputation, and financial stability.
It is crucial for financial services firms to recognize that risk management is not a one-time activity but an ongoing process that requires constant attention and adaptation. By proactively identifying, assessing, and mitigating risks, firms can reduce the likelihood and impact of potential risk events and ensure their long-term sustainability.
In addition, fostering a strong risk culture within the organisation is essential for effective risk management. This involves creating an environment where risk awareness and accountability are valued, and employees at all levels are encouraged to report risks and concerns without fear of reprisal. A robust risk culture promotes open communication, transparency, and a commitment to continuous learning and improvement.
Furthermore, leveraging technology and data analytics can greatly enhance risk management efforts in the financial services industry. Advanced technologies, such as risk management software, data analytics tools, and machine learning algorithms, can enable firms to identify patterns, trends, and anomalies in vast amounts of data, allowing for more informed risk assessments and timely risk mitigation actions.
Lastly, financial services firms should stay updated with the latest regulatory changes and engage with regulators proactively. Regulatory requirements are constantly evolving, and firms need to ensure compliance with applicable laws and regulations to avoid penalties, legal liabilities, and reputational damage. Regular communication and collaboration with regulators can help firms understand the implications of regulatory changes and proactively address any potential compliance gaps.
In conclusion, managing risk is a critical aspect of operating in the financial services industry. With the increasing complexity and evolving landscape of this industry, firms need to adopt a proactive and comprehensive approach to risk management. By developing a robust risk management framework, fostering a strong risk culture, staying updated with regulatory changes, enhancing cybersecurity measures, diversifying risk management strategies, conducting comprehensive due diligence, implementing robust compliance programs, investing in technology and data analytics, and continuously monitoring and updating risk management strategies, financial services firms can effectively mitigate risks and ensure their long-term success. It is imperative for financial services firms to prioritise risk management and make it an integral part of their strategic planning and decision-making processes. By doing so, they can safeguard their operations, protect their reputation, and maintain the trust of their customers and stakeholders in the ever-changing landscape of the financial services industry.
Learn how to calculate risk tolerance and risk appetite with BusinessRiskTV
Managing your risk appetite and risk tolerance better
What level and nature of risk are you able and prepared to take to achieve your business objectives. Define the appetite for each type of risk to deliver your strategic objectives.
Determine achievable strategic business objectives deliver them operationally and complete better project outcomes
Set the priorities right for your business risk management culture. Develop and deliver your risk appetite.
Risk Appetite and Risk Tolerance. CLICK HERE or email [email protected] for more information
Connecting business leaders
Finding the latest best business practices can be time consuming or unfruitful. We make life and business easier and better.
Searching for what you need to inform your business decision making is free. Come back often to find the best of business. Pick up the latest business risk management news headlines opinions debate and business reviews.
Subscribe to BusinessRiskTV for free
Manage risks within your business risk tolerance and risk appetite. Deliver increased enterprise value.
Business leaders do not always have the marketing budget to promote their business. We provide a range of online marketing options for businesses to fit most budgets so you can promote your business products or services for longer.
Become Risk Appetite and Risk Tolerance Post sole sponsor for 12 months
How to achieve sustainable competitive advantage with BusinessRiskTV.com
Subscribe to BusinessRiskTV for free
Offer greater value for lower cost with BusinessRiskTV. Lower your price but still make profit. Provide greater benefits in collaboration with other business leaders at higher price.
Develop new ways to lower your costs to drive your competitors out of your marketplace and win new business for yourself
Learn how to gain competitive advantage in our marketplaces. Our online marketplaces lower your costs of promotion and marketing for increased new business and profit.
Helping connect people and businesses online
Finding the latest best products and services can be time consuming or unfruitful. We make life and business easier and better.
Searching for what you need to help your business grow faster is free. Come back often to find the best of BusinessRiskTV articles and reviews quickly. Pick up the latest business risk management news headlines opinions debate and business reviews.
Innovation led risk based approach to improving business performance. Find new keys to unlock greater success in business.
Do you own or manage a business?
Want to distinguish your business from the competition? Develop real competitive advantages.
Business leaders do not always have the marketing budget to promote their business. We provide a range of online marketing options for businesses to fit most budgets so you can promote your business products or services for longer.
Become Competitive Advantage Strategies Post sole sponsor for 12 months
Could the consortium made up of the likes of Virgin Atlantic and Stobart Group become the example of better business collaboration? If it does not then they have missed a trick to disrupt the aviation and transportation industries.
What an excellent business opportunity to drive business to the business units that make up the whole?
Virgin Atlantic long haul specialists
Short haul aviation business which has fallen on hard times due to short term financial issues but should not be terminal
Flybe is being bought by a consortium including Virgin Atlantic and Stobart Group. Inadequate business development at the old Flybe a weaker pound and higher fuel costs all led to the near extinction of Flybe. Flybe shareholders will receive 1p a share and the new consortium saving Flybe from extinction will invest 100 million pounds in the new project. It will operate under the Virgin Atlantic brand.
The consortium saving Flybe is called Connect Airways. Flybe describes itself as Europes largest regional airline.
Farming food and drink production and agriculture have too often resorted to low productivity low cost labour to get their products to the marketplace. However embracing collaborative business ideas could grab so much more market share of the existing pie and enter new markets.
Searching for what you need to better inform your business decision making is free. Come back often to find the best of business risk management. Pick up the latest business news headlines opinions debate and business reviews.
Subscribe to BusinessRiskTV for free for help with faster business growth with less uncertainty
Business leaders do not always have the marketing budget to promote their business in UK and beyond. We provide a range of online marketing options for businesses to fit most budgets so you can promote your business products or services for longer.
Become Business Collaboration Ideas sole sponsor for 12 months
Paypal is an independent third party payment system provider. We will never see your full payment details. Pay with your credit or debit card and be protected by Paypals secure systems.
Sponsor Business Collaboration Ideas for 12 months
When Paypal tell us your sponsorship fee has cleared to our account we will
Email you to get your logo or image an link it to your business website
We will also ask for more information about your business to create a business review to promote your business
We will include all your preferred contact details to make it easy for new potential customers to buy from you instead of your competitors
Embracing business risks to achieve more in business with BusinessRiskTV.com
Being in business can be tough
Strong businesses develop a positive risk management thinking strategy. Find the best in any business environment.
Stop looking for things and people to blame for your poor business performance. Research the risks impacting upon your business objectives. Lessen uncertainty. Create positive change in your business.
Learn how to allow and plan for the unexpected. Embrace all risks in business
Proactive Risk Based Approach To Business Management
Proactively develop your own risk awareness impacting on your business objectives. Embrace the changing business environment and internal risk factors. Get really good at manage enterprise risks to set clearer path to success.
Take control of your future.
Change what you do to achieve more with less uncertainty.
Embrace all your responsibilities and behave responsibly.
Make things happen for your business.
Focus on what really matters for your business.
Set a clear path and arrive at where you want to get to more confidently
Strong businesses adopt a proactive risk management approach with clear risk management strategy for success. Develop a more stable business with better relationships with all business stakeholders. Be prepared to take on best business opportunities.
What do you want your business to achieve and what are you doing to make sure you are successful?
What risks are you controlling? What enterprise risks should you not control? Manage the risks you can realistically influence the likelihood of and impact on business objectives should the risk materialise.
Strong businesses assess the risks then implement a well thought out risk management plan. Take some time to analyse different options and identifiable consequences on your business objectives but do not procrastinate. Take risk based business intelligent decisions quicker with more confidence.
Dream Bigger And Implement A New Reality For Your Business
Do not bury your head in the sand or fail to take calculated risks to improve your business performance. Be better prepared to aim higher with stronger business resilience to overcome obstacles. Focus your limited resources on more achievable business goals. Take risks with more confidence. We are not advocating recklessness. Be responsible and consciously embrace the unexpected.
Set your course to greater success with help from us and our collaborative business partners
Just because your industry or business sector or country is under the cosh does not mean your business needs to suffer too.
Grow faster despite the adversity you face in business.
Rise to the challenge.
Overcome obstacles in the way of your business.
Turn business threats into opportunities or mitigate the threats to your business.
Seize new business development options.
Create a more proactive flexible reactive strategy to adjust your business to navigate all possibilities. Think and plan bigger!
Subscribe to BusinessRiskTV to make the best of risks
Reduce the impact of the business environment on your business objectives. Take control of the things you can control. Focus your business assets on positive risk management. Invest in business improvement. Learn from other business leaders mistakes. Stop trying to reinvent the wheel and apply best business practices to your business developed by others.
Review your past but more importantly plan for a better future for your business. Even if your past business performance has been great could you do better?
Collaborate to achieve more together
Whilst we work in a highly competitive marketplace we do not need to fight with everybody for new business! Strengthen your relationship with like minded business leaders around the world to grow your business faster.
Have the courage to reach out to others who could help you whilst you help them
Become more confident in your future. Focus your resources on what really matters for your business success.
Accept that others need to make a profit too.
Celebrate and promote each others business offerings
Help others to detect analysis and manage enterprise risks better
Do not just live in our own business bubble. Find the people who complement your business or even fill holes in your business structure. Build healthy business relationships with help from BusinessRiskTV. Care for your new business partners and seek help in return to become more successful. Find time for others you can help to receive help.
Make recruiting talented people to fill your skills gap faster with BusinessRiskTV
Vacancy for job
Apply to fill latest job vacancies. Recruiters now hiring can promote job vacancies. Job hunters can apply direct through recruiters normal recruitment channels. Fill your job vacancy quicker and more profitably with our innovative approach to recruitment. It is increasingly difficult to fill job vacancies in UK.
Is your struggle to fill job vacancies holding your business back? We can help you overcome the brake on your business performance. Find people with the right skills to fill your job vacancies.
We are not recruitment consultants nor a recruitment agency. We do put your business job vacancies in front of people you may want to employ.
Update your recruitment strategy with our fresh approach to connecting you with high quality job candidates.
Helping connect people and businesses
Finding the latest best recruits can be time consuming or unfruitful. We make life and business easier and better.
Searching for what you need in business is free. Come back often to find the best and worst business practices. Pick up the latest lifestyle and business news headlines opinions debate and business reviews.
Subscribe to BusinessRiskTV to find out how to fill your skills gaps
Do you have job vacancies you cannot fill? Contact us and tell us about your unfilled job vacancies
Loss prevention tips and training from BusinessRiskTV.com
Subscribe for free to BusinessRiskTV to improve loss prevention awareness email alerts
Discover loss prevention best practices with BusinessRiskTV. Develop new ways to improve loss prevention. Tackle preventable profit loss. Engage your employees in loss prevention.
A more structured approach to risk management can reduce loss in your business and improve business performance
BusinessRiskTV
Working with you to minimise corporate loss with latest tips tools and techniques. To help you do that we work with loss prevention experts around the world to find the solutions to reduce risk of loss and improve loss prevention.
Restructure your loss prevention strategy. Boost your profit with loss prevention. Some losses maybe inevitable part of being in business. Take a balanced view to loss prevention with help from BusinessRiskTV. Preventing loss may mean you need to work less hard at replacing lost value and maximise profit more easily.
Connecting business leaders to make risk management easier and better
Finding the latest best loss prevention products or services can be time consuming and unfruitful. We make easier and better.
Searching for loss prevention tips tools and techniques is free. Come back often to find the best loss prevention products and services on BusinessRiskTV. Pick up the latest loss prevention news headlines opinions debate and business reviews.
Business leaders do not always have the marketing budget to promote their business. We provide a range of online marketing options for businesses to fit most budgets so you can promote your business products or services for longer.
Inform your business risk management decision making with BusinessRiskTV resources
Get help to control the risks you can control
If you are responsible and accountable for key business decisions change your business decision making process to make quicker decisions with more confidence. Focus on the critical issues impacting on your business success or failure. Make the best decision possible with the most amount of available risk information.
Identify the critical risks impacting on your business objectives
To make business decisions quickly you need to aim for holistic benefits rather than perfect outcomes
Create a solid risk based decision making process you can rely on
Make tough decisions faster with more confidence. Make the right choice from available decision options based on what you want to achieve in business.
Subscribe to learn how we can help you make quick risk based decisions
Make business risk based decisions on issues with best business protection and growth outcomes. Make better faster business decisions.
Subscribe to learn how we can help you make quick risk based decisions
Recommended articles and videos
Make the best decisions possible living in the real world. Do not try to make business decisions based on the way you want the business environment to work.
Brand awareness marketing and business strategy development with BusinessRiskTV. Awareness campaign ideas.
Ways to increase your brand awareness and visibility online
Awareness campaign ideas. How do you intend to create brand awareness online? Brand awareness ideas from BusinessRiskTV will grow your business and build business resilience. Want to get your business noticed online more? Pick up brand awareness campaign ideas. Increase online sales. Present your products or services in front of more new potential customers. Make sure your brand awareness ideas are converted into new sales that make a profit.
Learn how to develop a brand With BusinessRiskTV help tools and and techniques enter code #BrandAwarenessIdeasBrand Awareness Campaign Ideas With BusinessRiskTV.com enter code #BrandAwarenessIdeas
Increase online sales. Get your brand known locally and globally. Raise your brand awareness ideas to grow your business faster. Awareness campaign ideas.
Without effective brand awareness your business could lose out on sales your competitors have won. Consumers and businesses only have a limited amount of money to spend and if they spend their scarce resource because they found your competitor and not you then you lose. Learn here how to make your business stand out online and become more successful.
Several of the biggest retailers in the UK have collapsed or nearly collapsed due in a large part to failure to have an appropriate increase brand awareness strategy
BusinessRiskTV
There are a number of straightforward ways you can build your brands reputation online. From social media marketing strategies to better Search Engine Optimisation SEO. Learn how to increase online sales faster cost effectively. Determine the right social media channels for your brand and develop a new brand awareness strategy.
Subscribe for free to learn how to increase brand awareness online
Increasing online sales is of growing importance to SMEs and large businesses. The shift from the High Street to the web continues unabated. Bricks and mortar businesses also need to explore how to increase brand awareness. Simply relying on what has worked for you in past may not be enough to survive in future.
Subscribe for free to learn how to increase brand awareness online entering code #BrandAwarenessIdeas
Promote and market your business on BusinessRiskTV for 12 months
Find out how to promote your business locally and globally. CLICK HERE or email [email protected] entering code #BrandAwarenessIdeas
Put your products or services in front of new people already interested in your type of business offering.
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.
Understand where your business really is and where it has the potential to go to with BusinessRiskTV
Business reinvention with BusinessRiskTV
Change management thinking to a more balanced risk approach to threats and opportunities. Reinvent your business risk management model. Work with top thought leaders in the world of business thinking.
Evaluate your current business situation
Make more informed business decisions on how to proceed
Think about your appetite and business risk tolerance when considering what you want to achieve
The business marketplace is always changing. What people and business leaders want or expect changes. Change your business thinking to respond with more confidence. Proactively manage potential future risks better today.
Step guide to reinventing your business with BusinessRiskTV
Our guide to reinventing your business. Start with your risk management culture. Identify your management team risk appetite and risk tolerance. Identify your corporate tolerance to risk. The key to your business reinvention is your risk culture. You can then change your
risk management principles
risk management framework and
risk assessment process
This will help you deploy a risk management plan that works better for your business.
Develop a new business model for today and tomorrow
BusinessRiskTV
Overcome resistance to become a more forward thinking business with stronger resilience. Build greater business success with less uncertainty. Get ahead of the current business curve.
First step to reinventing a business
How To Grow Online Sales With BusinessRiskTV.com
Subscribe for free to find out more about the steps to reinventing your business model
Refresh your thinking and that of your business management team. Focus your resources on whats important to your business success. Manage the significant uncertainties impacting on your business objectives.
Subscribe for free to find out more about the steps to reinventing your business
Recommended articles and videos
Reinvent your thinking. Reinvent the way you respond emotionally to risk.
Is your risk perception reality?
How should you respond to risk events affecting other businesses and your business?
How do you prioritise risk management action plan?
Choose a more certain more positive business risk management plan for your business.
Make sure you have the risk tolerance capacity to manage threats and right risk appetite to achieve greater business success.
Adversity and failure can help you become more successful especially if you mitigate downside risk.
Grow your business regardless of how tough the economic climate is. Overcome all roadblocks.
Drive your business forward. Change course if you need to but keep on track to achieve business objectives
Find greater comfort and a quiet nights sleep knowing you have adopted best risk management plan for your business
Get help to find the best way forward for your business. Create more value with less uncertainty from existing resources. Start planning for greater business success.
Develop your governance risk and compliance framework. Improve your risk management process. Manage the impact of uncertainty on your business objectives better.
Think about enterprise risks differently. Take a more innovative approach to managing governance risk and compliance GRC decisions.
Control corporate threats more cost effectively
Seize new business development opportunities
Build your business resilience and achieve greater business success
Coordinate your enterprise risk management strategy for managing corporate governance risk management and business compliance issues. Develop a more integrated holistic framework and risk management process.
Subscribe to our enterprise risk management hub for free
Inform your business decision making process with a more risk based approach. Become more resilient to rapidly changing business and regulatory environment.
Subscribe to our enterprise risk management hub for free enter code #GRChub
Subscribe to BusinessRiskTV for free alerts bulletins and reviews
Enter code #RiskManagementSkills
Entercode #RiskLeadership
Developing more effective enterprise risk management practices
One size does not fit all. Mismanagement of a business can occur in many different ways! What is your attitude to risk management? Do you think it is a waste of time or an essential tool to get what you want out of business assets?
Taste what we have to offer your business for free. Enter words or phrase that most interest you in our website search tool. If you find something that interests you come back again and again as it is likely we will have something else to help you in future.
Adopt best risk management practices to boost your business performance
BusinessRiskTV
Whatever your style of management pick up ideas to change your business success outlook. Our global network of risk advisers offer best business risk management tips advice and support.
Talk online to our business risk management experts to solve your business problems faster and for free. Change your established risk management habits to reduce uncertainty in business. There maybe other ways for you to achieve the success you desire. Find out on BusinessRiskTV. Act on our ideas for effective risk management and risk management leadership to build your business resilience.
Eliminate unnecessary business bureaucracy and cost to lift profit
BusinessRiskTV
Regulatory compliance is an important part of business risk management but it should not be an accuse for a lack of simplicity or innovation.
Control the way you do things better without stifling or suppressing business growth. Indeed business risk management should create new business development opportunities and faster business growth. There does need to be appropriate levels of risk control protection and supervision but not at expense of business stagnation.
Subscribe for free to BusinessRiskTV for latest ideas for effective risk management
Find out how to be a better manager and leader. Focus on the enterprise risks that matter. Work better as a team. Encourage risk management opinions and ideas.
Subscribe for free to BusinessRiskTV for latest ideas for effective risk management enter code #RiskManagementSkills
Subscribe to Innovation and Entrepreneurship News Alerts and Bulletins for Free
Find out how innovation can help your business grow faster. Innovation is crucial for your long term success and business sustainability. BusinessRiskTV business innovation reviews. Making innovation more useful.
Subscribe to BusinessRiskTV.com for free
Recommended business risk management articles and videos
The latest news videos and discussion topics on business innovation.
Reach influencers key decision makers and the business leaders who will buy from your business
BUSINESSRISKTV INNOVATION AND ENTREPRENEURSHIP NEWS
Enterprise risk management training courses online or near you from BusinessRiksTV Training Partners
Corporate enterprise risk management training courses
Sign up for risk management training courses online incompany and open regional courses. Understand risk management methodology and techniques better to apply to your business more easily.
Learn why understanding risk management better can help improve your business performance
Protect your business better
Grow your business faster
How well are you managing significant risks impacting on your business objectives?
Subscribe to BusinessRiskTV risk management training courses deals alerts for free
If you manage your business risks better you can improve your business success. Find out more about the benefits of risk management for your business. Pick the best risk management training course for your needs and budget.
Subscribe to BusinessRiskTV risk management courses deals alerts for free enter code #RiskTrainingDeals
How to manage risk in business with BusinessRiskTV.com
Strategic Operational and Project Business Risk Analysis Tips Reviews Workshops
BusinessRiskTV business risk analysis helps business leaders to manage business risks better. Industry risk analysis and country risk analysis to help you make business decisions. Risk analysis of a company for business leaders in UK and overseas. Do you know what to do to protect your business and grow it faster? Understand the importance of business risk analysis in improving your business performance. Inform your business management decisions.
Making strategic operational and project decisions easier and quicker. Have more confidence in your business survival and prosperity with better business risk analysis.
BusinessRiskTV
Connect with top risk management experts and business leaders. Improve your risk management knowledge and business intelligence. Develop risk management skills.
Risk analysis of a company in decision making is key to reduce uncertainty impacting on your business objectives. Risk analysis of a company risk profile can better utilise business assets. Reviewing corporate and economic risks to help inform business decision making process. Identifying and understanding enterprise risks associated with managing a business or enterprise better. Analysing the potential issues and uncertainty impacting on business objectives.
Subscribe to BusinessRiskTV Business Risk Analysis
Get help to define the risk factors affecting your business decision making process. Identify new risk management measures to reduce business threats and increase business opportunities.
Subscribe to BusinessRiskTV Business Risk Analysis and enter code #BusinessRiskAnalysis
Promote and market your business risk analysis related business on BusinessRiskTV for 12 months
Put your products or services for risk analysis of a company in front of new people already interested in your type of business offering before your competitors do.
Find out how to promote your business locally and globally. CLICK HERE or email [email protected] entering code #BusinessRiskAnalysisMarketing
Increase the sources of your revenue streams more sustainably. Grow your business faster with BusinessRiskTV.
Make your your business benefits from the 4th Industrial Revolution with BusinessRiskTV.com
Exploring the threats and opportunities coming from the 4th Industrial Revolution. Network with top thought leaders to find out how to protect and grow your business faster.
4th Industrial Revolution Latest News Commentary and Risk Review
How is the fourth industrial revolution going to impact on your business? How will new technology change your marketplace? Take advantage of the digital revolution sweeping the world.
Fourth Industrial Revolution Latest News Commentary and Risk Review
Subscribe to BusinessRiskTV for free
The 4th industrial revolution is already disrupting all economies and industries. Find out how to transform and augment your business practices. Realise the enormous potential for business growth.
Find out why you need risk hedging services to help your business manage the risk better
Take on risk on your own terms to boost your business performance with more confidence
Incorporate best risk hedging strategy into your holistic risk analysis for an integrated risk management strategy that supports your business objectives.
Remove uncertainty surrounding product or services actual sale price regardless of external risk factors including but not limited to currency movements for example.
Manage the actual sale price to sell more overseas. Fix the price of your products or services and reduce the risk of price fluctuations. Reduce the risk of uncertainty related to the adverse price fluctuations in an asset.
Reduce the impact of risks on your business and minimise the exposure to various types of risk.
Find new customers more easily. You have the best product or service for your customer target market. We will help you speed up their buying cycle to buy from you instead of your competitors.
Our partners and your new customers are global and so is our customer marketing and acquisition services.
Create a robust risk management strategy including risk hedging strategy for your business. Join our discussion forums to help you understand why risk hedging can benefit your business. Find out how risk hedging works. Identify why risk hedging will work for your business. Use our partners risk hedging techniques and services.
Offset the risks that may otherwise too difficult or too expensive to manage with risk hedging services.
Reduce the impact of uncertainty on your business success.
Reduce substantial financial losses.
Avoid difficult to predict losses.
Make your risk management strategy more cost effective.
Protect your business better from risk. Grow your business faster with less uncertainty. Identify the optimal risk hedging strategy for your business. Our Enterprise Risk Management Capability Review service will help you to identify ways to manage corporate risks more effectively.
Find out more for free by subscribing to BusinessRiskTV for free and entering code #RiskHedging
Find out more for free by subscribing to BusinessRiskTV for free and entering code #RiskHedging
Latest business news UK with latest financial news on BusinessRiskTV
Subscribe to BusinessRiskTV Live for free live alerts and ondemand bulletin posting to read and view at your leisure
Real time business and economy news and analysis of financial markets. Live news coverage of the latest risk events the marketplace and the economy. Access free risk analysis to understand the potential impact on your business form our risk experts around the world.
BusinessRiskTV Online Digital Streaming Business Network
Increasing live business and economy analysis programming. Online live business meetings with business leaders and commentators. Overcome business problems with risk management experts.
Get all the latest business and economy news:
UK Business News
Markets News
Financial News
Economic News
International Business News
Listen in to expert business risk management commentary.
Global Business Insight Local Business Knowledge
Subscribe to receive alerts to upcoming live online programmes
Subscribe to BusinessRiskTV Business Live
Business financial data and risk insight
Using business enterprise risk management tools to help inform business leaders. Pushing the boundaries with pioneering new formats to reach more people in UK and beyond. Connecting with business leaders and entrepreneurs around the world.
Live video streaming for business will help identify assess and control corporate enterprise risks.
Collaborate and trade with people for mutual benefit
Looking for online business reporters and Citizen Journalists to expand the pool of providers to this online channel. Communicate online to a broader range of consumer audience and business key decision makers.
How to develop a business strategy plan with BusinessRiskTV.com
Need a better business strategy for success? Find out how to develop a better business strategy. Network with top business management thought leaders locally and globally.
How to develop a business strategy with risk based approach to protection and sustainable growth
Developing a business strategy with a risk based approach reduces uncertainty. Reducing uncertainty boosts business performance for the long term.
Developing a business strategy for sustainable growth. Tackle both the threats and opportunities to your business. A holistic enterprise wide integrated risk based approach to decision making.
Your new practical business strategy will use our practical approach to holistic enterprise wide risk management ERM. Adopt our guided enterprise risk management approach when taking strategic operational and project decisions.
We will help you create a roadmap for the greater success of your business. Invest your time skills and energy with less uncertainty of the outcomes.
Subscribe to BusinessRiskTV for free
Subscribe to BusinessRiskTV.com for free
Promote and market your business on BusinessRiskTV for 12 months
Celebrate Your Online Business Growth With Pro Risk Manager
Read business business strategy articles and watch videostream trending on BusinessRiskTV
Learn how to engage target audience. How to communicate with your target audience. How to approach and engage with customers is not easy. Competing for the time of potential customers in this busy world is hard.
How to engage customers online
How to reach a wider audience
We will help you improve how to engage customers online. Customer engagement strategies need to be innovative and flexible to reach a wider audience. Ultimately we will help you engage customers in sales of your business products or services.
Subscribe to BusinessRiskTV to learn how to reach a wider audience
Not just shops! Just shopping on the High Street is no longer enough for the consumer nor the High Street. We have to be a bit smarter more innovative and put into action a more radical approach to delivering what people want from the High Street now.
The High Street will become a bigger part of the community not less
Britains High Streets have a bright future if entrepreneurs business leaders and local planners are a bit smarter
BusinessRiskTV
The High Street will become a bigger part of the community not less if we work at building a better future for the High Street in UK.
Retail therapy is still important to many but the High Street can do so much more for the local community
Retail experts have a role to play on the High Street in the UK. They need to be a bit more imaginative creative and innovative to deliver a High Street fit for the future. Selling stuff is no longer enough. Entrepreneurial retailers will sell experiences night and day.
The notice of the Death of the High Street is premature!
Subscribe to BusinessRiskTV.com for free enter code #FutureOfTheHighStreet
Are you interested in retail business?
Want free tips advice and support to grow your retail business faster? Want the latest retail news discussion debate and product reviews? Need to market your retail business more profitably?
Retail Business Risks Management
Live Online Discussion Future of the High Street
Seeing the death of the High Street in UK or does the High Street have a new brighter better future?
Corporate Magazine Subscriptions Free On BusinessRiskTV
Risk Management Corporate Governance and Regulatory Compliance GRC InsightFind best business management solutions for your business #EnterpriseThoughtForumSubscribe to BusinessRiskTV.com Overcoming Trade Barriers enter code #OvercomingTradeBarriers Corporate Risk Management In The SpotlightCorporate Enterprise Risk Management Focal PointBusiness Risks Every Business Leader Should Look Out For and Plan ForSell Internationally Online With BusinessRiskTV
Subscribe BusinessRiskTV for free corporate risk news alerts and bulletins
Find out what you need to know in business today. Connect with business risk management experts around the world. Make better decisions for your business. Reduce the effect of uncertainty on your business performance.
Keep up to date with business and economy news. React quicker to business threats and opportunities. Protect your business better and grow faster.
Our business risk management hub gathers in key business and global economy corporate news which could drive your business forward faster or knock it off course.
What is happening in the world of business finance and the global economy? How could this impact on your business plans? How do you need to change to survive and prosper?
Retailers continue to put pressure on suppliers to cut costs
Biggest retailers continue to create strategic alliances to maximise profit and protect mutual retail market share. Carrefour and Tesco plan to formalise an informal arrangement for global long-term purchasing alliance.
Food and Drink Magazine
The strategic alliance will aim to put pressure on global suppliers to reduce their prices. Such cost reductions will enable retailers to maximise profit or protect and grow market share.
Is the survival of your supplier business threatened? Will retailer strategic alliances crush your profit? How can you change your small medium sized business strategy to combat continual pressure from big supermarkets?
Retailers have to respond to threats to their core business objectives. The world of retail is currently undergoing seismic changes. The pace of change is only going to accelerate. How prepared is your retail business to manage threats and seize new business opportunities?
Subscribe to our retailers risk management forum for retailer key business decision makers looking to protect their business better or grow faster
Subscribe to BusinessRiskTV Retail Business Experts for free
BusinessRiskTV Retail Business Experts Exploring Threats and Opportunities for Retail Businesses in UK and Around the World
