Monthly Archives: June 2014

#52 – THREE KEYS TO HIRING TOP TALENT – ELIZABETH LIONS

Posted on by
Reply

Elizabeth Lions PixEvery leader knows they are only as good as their team, and oddly enough we spend hours in the hiring process and even then there is a chance of hiring the wrong candidate.

Hiring the wrong person can be very expensive.  The U.S. Department of Labor currently estimates that the average cost of a bad hiring decision can equal 30% of the individual’s first-year potential earnings. That means a bad hire with an annual income of $50,000 can equal a potential $15,000 loss for the employer.

On the flip side, wise executives hire with these three keys in mind: Continue reading →

#52 – HOW WELL DO RISK ASSESSMENTS INFORM DECISION MAKERS? – CHRIS PEACE

Posted on by
Reply

Chris Peace pixSometimes, it seems that every newspaper edition, news broadcast or news website carries yet another story about a disaster – an event that might have been avoided by better decision making.

But do we ask whether such decisions were informed by risk assessments?  And if so, how effective were those risk assessments for informing the decision makers about the risks?  Which techniques were used in the risk assessments? Were the results presented in a way that made sense to the decision makers?  Do risk assessors follow a good process and so achieve some consistency in results, or do they just get lucky? Continue reading →

#52 – 99 QUOTES ABOUT RISK THAT INSPIRE YOU TO GREAT THINGS – TYLER TERVOOREN

Posted on by
Reply

Throughout the ages, many have tried to put into words exactly what risk is and what it means to them. Some have been more successful than others—cutting to the heart of the matter, appealing to sensibility, or just putting an idea that’s difficult to explain into words we all can understand.

Today, I want to share 99 quotes that have had the greatest impact on me and how I think about the concept of risk. Continue reading →

#51 – NEW TO LEADERSHIP – ELIZABETH LIONS

Posted on by
Reply

Elizabeth Lions PixNew to leadership? Top performer just quit?

Don’t worry. Here are five sure-fire steps to building (or rebuilding) a team.

1)  Assess Quickly.  
Assessing a team within the first 90 days of taking a leadership position is critical.  Look cautiously at workload as well as individual strengths, then at the team itself.  Determine what training should be in place in order to bring them to the next level.  Watch.  Listen.  Conclude.  While each team member should be able to perform their job, each member may also have an added value.  Figure out what their talent is, outside of their skill set.  Ensure that you point it out publicly to the employee, so they see you value them as a person and not just a means to an end.  

Pages: 1 2

#51 – TQM & ERM SIMILARITIES AND DIFFERENCES – GREG HUTCHINS

Posted on by
Reply

Greg Hutchins pixEnterprise risk management (ERM) and total quality management (TQM) share some similarities.

  • Both grew to prominence as a result of policy circumstances, quality as a result of Japanese competitiveness and risk as a result of financial excesses in corporate America and homeland security. Continue reading →