In the previous articles in this series, I asserted the crucial importance of Business Agility to your sustainability. The Digital Transformation that must undertake is a critical key to attaining it. But what is Business Agility and how should you understand how it is related to the models I presented earlier?
The common foundation of the three model framework I employ to describe a business consists of these layers: Continue reading
Smaller organisations, especially those with less than 100 people, often struggle with putting in place the right-size effective risk management practices that do not take up too much of their time and resources.
What I have often seen and experienced is that small-size organisations implement the ‘standard’ risk management practices that are commonly found in larger organisations without much thought as to whether it is fit-for-purpose to enable better organisational performance given their unique context or operating environment. Continue reading
This article is the ninth of fourteen parts to 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
“Water water everywhere, not a drop to drink” is the modern and well-known phraseology from the English poet Samuel Taylor Coleridge’s 1798 poem “The Rhyme of the Ancient Mariner”. In essence this means that despite being surrounded by an abundance of something one cannot benefit from it.
In today’s Information Age we are surrounded by data. It’s everywhere and often available at the touch of a button, or rather a screen. Instant and easy access is demanded but despite computers and the internet the right data is not always so easily or readily found. Data, and the right data is an essential ingredient for decision making. Continue reading
Just how safe is “safe”? Should working in a chemical plant have the same level of risk as skydiving (which kills about 40 people per year in the U.S.A Should working in a plant be as safe as driving your car? Or should it be as safe as flying in a plane, which is safer than driving a car by two orders of magnitude? Continue reading