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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.
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Global manufacturing has hit the buffers. There has been a rapid contraction of global manufacturing output largely due to global trade war between China and USA as well as Brexit uncertainty. Manufacturers have cut back on production and are making workers redundant.
Some parts of the world like USA Germany and UK have low unemployment levels and could cope with job losses but most of Europe cannot. Europe ha snot recovered the jobs lost in the last financial crisis.
Even in America USA manufacturers are suffering. Who is winning the trade war is unclear but it seems that there are two losers rather than one winner.
In the UK and broader European manufacturing marketplace manufacturers are suffering the double whammy of global slowdown and Brexit uncertainty. There could be two losers here too if they politicians do not agree a deal.
The world is seeing low levels of business activity not witnessed since the last recession in 2008 caused factories to shut up shop.
The global and UK manufacturing marketplaces are grinding to a halt. The solution is not to button down the hatches to weather the growing global economic storm. The solution is to invest in real opportunities for business growth we already have before us.
Businesses say that their biggest fear is of governments overspending. Borrowing to cover day to day expenses is the start of a slippery slope to perpetual poverty. UK governments borrowing to invest in infrastructure will support businesses to grow faster.
It is ridiculous that all parts of the UK do not have superfast broadband. So many opportunities could open up if this simple technology was available to all entrepreneurs.
Instead the world is shutting up shop. There is no shortage of great ideas. There is a shortage of money being invested in our future today.
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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.
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Sometimes we have to accept the risks our businesses face to achieve our goals. Taking no action to control the risks does not mean you have not managed the risk. It means you have identified and assessed it and proactively choose to accept it as the risk is within your risk tolerance and appetite for risk.
The other extreme is that you avoid the risk identified. The risk is beyond your risk tolerance and appetite for risk to pursuance of your business objectives.
Developing a balanced risk management action plan is not easy but it should be simple to work well.
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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.
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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.
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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.
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Regulatory compliance increased investor engagement and expectations and increasingly volatile geopolitical risks makes investing for the future and management of investment risks harder
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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.
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3rd July 2019 Number Of Cyber Incidents Reported By UKs Financial Sector Jumps
According to the Financial Conduct Authority FCA there has been jump in the number of cyber incidents reported by the UK’s financial sector.
Under the EUs General Data Protection Regulation GDPR financial sector businesses must report certain types of security breaches.
Many financial industry businesses are still trying to get the basics right on cyber risk management.
Are you a business owner or manager in the financial services industry?
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Determine achievable strategic business objectives deliver them operationally and complete better project outcomes
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Set the priorities right for your business risk management culture. Develop and deliver your risk appetite.
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Innovation led risk based approach to improving business performance. Find new keys to unlock greater success in business.
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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.
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Being in business can be tough. Strong businesses develop a positive risk management thinking strategy. Find the best in any business environment.
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Proactive Risk Based Approach To Business Management
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What do you want your business to achieve and what are you doing to make sure you are successful?
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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.
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Just because your industry or business sector or country is under the cosh does not mean your business needs to suffer too.
Grow faster despite the adversity you face in business.
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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.
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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
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A more structured approach to risk management can reduce loss in your business and improve business performance
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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
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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.com
Want to get your business noticed online more? Increase online sales. Present your products or services in front of more new potential customers.
Ways to increase brand visibility online
Increase online sales. Get your brand known locally and globally. Raise your brand awareness ideas to grow your business faster.
Brand Awareness Campaign Ideas With BusinessRiskTV.com
Without effective brand awareness your business could lose out on sales your competitors have won. Learn here how to make your business stand out online.
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
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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.
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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.
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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
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
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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.
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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.
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Become a better leader. Engage your workforce. Achieve more for your business.
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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
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
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
News on the latest business innovations. Read articles on innovation and creativity. Watch innovation and entrepreneurship videos online.
BusinessRiskTV pushing innovation forward with practical steps and ideas.
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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.
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