Our business intelligence tools and techniques protects your business better. Grow more sustainably with less uncertainty. Look to the horizon to see the threats and opportunities. Put in place the best risk management action plan.
Analyse emerging risks and developing existing risks
The long list of failures to manage enterprise risks is too depressing to list here. Such a waste of time, money and life!What an opportunity cost to corporate entities and society.
The only long lasting positive thing to come out of each major risk event or negative aggregation risk outcome is legislation
Our present crop of senior managers executives fund managers and politicians are not any worse or better than previous ones. Talking a good game about risk governance or compliance GRC is often followed by another failure to manage risks with all stakeholders in mind.
Eventually the general public start looking for heads to lop off and new legislation is written that can often be more risk-averse than it needed to be but The People got sick of the incompetence at the top and something had to be done.
Business leaders and politicians often moan about statutory legislation but if managers could manage risks better we wouldn’t need more legislation. Recent examples of major risk events or aggregation of regular failure to manage smaller risk events are more examples of our key risk decision makers failing and more legislation is required to fill the gap in risk management knowledge and/or failing corporate risk management culture.
22nd February 2018 Members of UK’s Parliament MPs Question Pensions Regulator In Public
The Pensions Regulator head with responsibility for monitoring pensions and protecting pensioners in UK admitted to MPs that the Pensions Regulator needed to be clearer quicker and tougher in using its powers to force companies to pay more into their pension schemes.
As an example of the Pensions Regulator’s failure one could highlight Carillion where many thousands of pensioners face reduced pensions. Carillions pension Trustees asked the Pension Regulator in 2010 and 2013 to force Carillion to put more money into it’s pension scheme. The Pension Regulator twice refused and the Pension Regulator CEO since 2015 admitted that it should have done more to extract higher pension contributions from Carillions executive management team.
Carillions executives have claimed that a failing Qatar contract was one of the main causes of Carillions collapse, but auditors KPMG say that was not a cause of Carillion’s collapse.
KPMG tried to defend their auditing of Carillion’s accounts in 2016 and 2017, but the business select committee chairperson said she would not hire you KPMG to audit the contents of my fridge.
Much criticism has been expressed about the system of corporate governance in UK’s biggest companies. Who is responsible for the loss of pension benefits for Carillion pensioners is not clear but what is clear that the current system of corporate governance and risk management is not working for stakeholders like pensioners majority of employees contractors shareholders and corporate customers. The winners are winning big and the losers are losing big!
20th February 2018 UKs Pension Regulator Ignored Trustees Of Collapsed Outsourcing Firm Carillion
The pensions regulator twice ignored requests from trustees of Carillion to force the company to fill Carillion’s pension black hole.
The pensions regulator has come under fire from UK’s members of parliament for failing to take steps to protect Carillion’s pension scheme members, especially as they were asked twice by the trustees of the pension before Carillion collapsed. When Carillion collapsed, the firm had pension liabilities of around £3 billion.
With characteristic alacrity, the Pensions Regulator started its arduous process of chasing money down from Carillion a few days after it was formally announced there was no money left Frank Field chair of parliaments Work and Pensions Committee.
BusinessRiskTV Are Oxfam Carillion and Growing Skills Gap in UK USA Japan just some of the more recent examples of the senior management malaise, or examples of systemic failure of current crop of capitalists?
How do you develop and improve your enterprise risk management model
Your enterprise risk management framework is critical to embed cost effective enterprise risk management principles practices and procedures to protect your business better and grow it faster. Apply an improved ERM framework to aid improved strategic operational and project risk outcomes to support improved business performance and sustainability with less uncertainty.
Build a more holistic integrated risk based decision making process
Could you boost your enterprise risk management ERM capabilities?
Business leaders face new challenges to their business survival and prosperity on a daily basis. Our service will help you to build your enterprise risk management ERM capabilities for free.
Grow your risk knowledge and risk intelligence enterprise wide with the help of BusinessRiskTV. We can help you complete a business health check of your ERM capability and provide tips help and support you to grow your understanding of ERM in a practical way that brings improved productivity and business performance.
Our ERM capabilities oversight will enable your business to adopt a more practical more cost effective approach to risk mitigation, and seizing more new business opoortunities.
Take the ERM capabilities business healthcheck to find out your enterprise risk management framework maturity level. When you have benchmarked where your business is now you can work on enhancing your enterprise risk management ERM capabilities.
Changing your decision making process will help managers and business owners achieve performance and profitability targets with more certainty. Improve your risk management capabilities with help of BusinessRiskTV.
Upskilling training online and in-classroom to protect your business and grow faster. Take the opportunity to upskill staff in UK and expand their capability to achieve more for your business. Teaching workers new skills need not be unaffordable. We simple the process of learning new skills so your business is protected and has flexibility to grow faster.
Why is upskilling important to your business
There is a growing skills shortage in the UK. A skills shortage can threatening your current turnover levels or restrict potential business growth in 2018 and beyond.
Increased productivity so make more money with same assets
Improve customer satisfaction with improved customer service
Improved communication clarifies what is needed to make adjustments quicker
Improved employee motivation and engagement will help identify currently unfulfilled business opportunities
Improved profits leading to increased rewards higher employee retention and increased business resilience and sustainability.
Improving your employees skills and knowledge will encourage your employees to be more creative to overcome business problems faster and seize new business opportunities.
Discover the best methods to engage your employees more in the future of your business via enhanced upskilling training
Choose from day-to-day learning support of new skills in the workplace to going to our Business Risk Academy.
Leaders in business may benefit from learning more about mindfulness
Your not working alone!
Lloyds plc CEO is recently reported in Financial Times to have advocated the use of mindfulness for himself and his executives.
The Job Can Kill You
Antonion Horta-Osorio was interviewed by Financial Times and he said the stress of the job nearly broke him within months of becoming the chief executive of Lloyds bank at perhaps one of the banks most risky times. The bank had narrowly avoided total collapse and nearly half of it was taken into public ownership by the UK government.
The CEO had to seek psychological support and advice to prevent a possible nervous breakdown. He realised he was not Superman and sought the guidance of a psychiatrist. Prior to his near breakdown he hadn’t looked after his mental health enough. He was speaking out to raise awareness of mental health problems at work.
From the CEO’s own experience he is now introducing a programme for his senior leadership team of 200 executives to make them aware of the measures the CEO learnt including mindfulness and psychological testing. From these executives, it is hoped that the culture within Lloyds will change to prevent people further down the organisation quitting especially at a time where there is a skills shortage.
Not only could this improve the lives of all Lloyds staff, it could boost individual performance, retain staff and boost corporate performance.
Mindfulness Business Training For Executives
There is a business value for mindfulness. Practicing mindfulness can help prepare you to become a more effective business leader for your own benefit and for the benefit of the enterprise.
Become more personally resilient so the business is more resilient
Reduce your own stress and the potential stress on the business should you not work productively, or at all
Increase your emotional involvement in life and the life of your business
Work with mindfulness techniques and tools to improve teamwork and business results from more coordinated risk management practices. Develop your own mindfulness knowledge and increase the corporate mindfulness for a more resilient enterprise. You might even become a better leader with mindfulness training and development.
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Improving Small Business Performance and Sustainability
Helping small business leaders to grow faster with less uncertainty. Learn how to grow your small business. Find out how to promote your business more profitably. Develop skills to take your business to the next level.
Entrepreneurs Learning Leadership Skills From Their Phone PC or Mobile Device
Do you feel your management skills are maximising the return on your investment of time and money? No? Maybe you need a little help for free to brush-up the way you are doing things to boost your business performance and increase your business sustainability?
Push your business forward faster
Take your business forward with the help of your most valuable assets – your employees by squeezing every last penny out of them without alienating them!
You may have already built a successful business. Or you want to start your own new business. Kicking on is not easy. Would you welcome some free help to make better business decisions?
Business leaders should never stop learning how to work better with their employees to find a way to achieve business and personals goals.
Small business owners and managers could improve the leadership and management skills with BusinessRiskTV. You may well be brilliant at what you do, but how can you inspire and encourage those who work for you to be brilliant too?
Get help to motivate your employees to be more creative and more risk aware. Let them see how this will benefit them personally as well as the business. Your business success may will depend on how inclusive your business culture is.
Learn more about improving supply chain risks. Understand supply chain risks and how to mitigate them. Not understanding your supply chain risks increases the risk of business interruption at best and at worst threatens your business survival.
Increasing business partnerships and business outsourcing of non core business functions reduces the expertise to manage some risks and increases the likelihood that an external risk could stop you servicing your clients business needs.
Identify assess and manage supply chains risks better
Improving supply chain risks and supplier performance could easily improve your own business performance and business resilience.
Learn supply chain risk management tools techniques and processes. Increase supplier’s risk transparency and reduce cost of supplier’s risk. Create a supplier quality improvement plan.
Get access supply chain risk management solutions to make better business decisions.
What supply chain risk factors is your business exposed to?
How do you plan to handle supply chain risks? Improve your supply chain risk management capabilities. Get a clear picture of supplier’s risk for you business. Reduce your vulnerability and increase your resilience.
Learn how to assess risk and create a risk management plan to improve business performance.
Identify and assess factors with downside impact on corporate objectives, or upside potential to boost business performance.
Find out about a different more risk based approach to planning your business’s future success.
Develop a new process of identifying risks, assessing risks and developing new strategies to manage risks facing your organisation.
Manage the internal risks and external risks facing your business better
Learn from peers and risk assessment experts. Continuously improve your own risk assessment process. Pick up tips on how to embed and integrate risk assessment into your enterprise’s strategic, operational and project decision-making.
Regularly meet online wherever you are in the world to speak to your peers and risk assessment experts. Collaborate on agreed risk assessment projects or learn during risk assessment workshops to improve your risk knowledge and risk management skills.
See a different risk perspective based on others experiences and risk knowledge that will provide a different enterprise risk insight
Improve the effectiveness of your risk assessment process to boost your enterprise performance
Like minded individuals working to improve risk assessment best practices
Improve your corporate risk and strengthen your resilience