#396 – MEASURING THE SUCCESS OF YOUR RISK MANAGEMENT PROGRAM – BILL POMFRET PH.D.

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We see the value of enterprise risk management everywhere we look. We see it in the news, we can see it in our customers’ success, We can even see it on the roads in speed limit signs. We know that risk management is deeply enmeshed in both the success and failures of the corporate world and beyond. Continue reading

#385 – REPUTATIONAL RISK IS NOT A RISK – ALEX SIDORENKO

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Despite the clickbait title, the messages are in the article are important to the risk profession and are purely practical. First few caveats, corporate reputation is important, even a perception of wrongdoings can affect funding, sales and cost of doing business.  Importance of reputations for both profits and non-profits is not up for a debate. Second caveat is that reputational risk in this article is just an illustration, the same underlying principles apply to all other “marketing” risks like ESG, geopolitical and whatever bs consultants will come up with next. Continue reading

#352 – INTRODUCTION TO THE ISO 31K RISK MANAGEMENT FRAMEWORK – PETER HOLTMANN

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This article is the first in our risk management series. The series will be taking a look at the risk management guidelines under the ISO 31000 Standard to help you better understand them and how they relate to your own risk management activities. In doing so we’ll be walking through the core aspects of the Standard and giving you practical guidance on how to implement it. Continue reading

#344 – SIGNIFICANCE OVER SUCCESS. INNOVATION OVER CHANGE. ANTICIPATION OVER AGILITY. – DANIEL BURRUS

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Question for all who read this: to succeed at any business venture, you merely need to have huge resources, dedicated personnel, and a quality product or service, right? From there, it’s just collecting money and living a good life.

This presumption is more common than you realize, and could not be more wrong and misguided. In a world where exponential change and digital disruptions abound, you simply cannot rest on your laurels and merely rely on what you’ve already built. Because of the rapidly accelerating rate of change, your business is only ever as strong as its next innovation. Continue reading

#303 – QUALITY IS A BALANCE BETWEEN VALUE, RISK AND COST: THE QVRC MODEL – NIGEL GRIGG PH.D.

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1.  INTRODUCTION

Risk, value and cost are terms that have been especially prevalent in quality management literature over recent years.  A recent review of over one hundred years of published writings relating to quality revealed them to be themes that always underscored much of quality theory and practice.  While references to the economics of quality have remained quite consistent over that time, however, value and risk are keywords that have substantially increased in their occurrence during the present century.    Continue reading