Author Archives: greg

#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 →

#343 – GARMENT WORKERS IN ASIA OWED ALMOST $12 BILLION DOLLARS IN WAGES AMID PANDEMIC – BILL POMFRET PH.D.

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As fashion brands and retailers across the world return to profitability, following what has been an immensely difficult period of international store closures due to plummeting demand for fashion, for those making the world’s clothing, the story is far from over.

According to a new report by the Clean Clothes Campaign, Asian garment workers are owed almost 12 billion dollars in unpaid wages and severance in the first year of the pandemic. Continue reading →

#343 – ISO 9001 CONTEXT AND IN THE REAL WORLD, WHAT DO WE DO? – JOHN MASON

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A classic question for all CEOs and floor sweepers alike.  What the heck do we do and what do we want to do?  In big business there is visioning, missioning, goal setting, target measuring, market analysis, focus groups, policy and much much more, more and more.  In small business, we offer far more than we would like to do, but in order to make ends meet, we take on more and more until we finally burn out or are lucky enough to realise a cash flow that will enable us to niche or focus on what we do and what we want to do.  Continue reading →

#343 – IMPROVE COVID RISK COMMUNICATIONS AND DECISION MAKING – ANNETTE DAVISON & IAN WRIGHT PH.D.

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Risk is the impact of uncertainty on achieving your objectives – the impact can be either positive or negative outcomes (ISO 31000). Governments have multiple objectives they have to meet – health and wellbeing, economic, environmental, ethical and so on. Each of these objectives essentially becomes a risk endpoint. The fundamental tenets of risk assessment are understanding the system (the context), understanding and assessing the risk (against your identified objectives), managing the risk and then monitoring whether the risk is actually controlled, and whether a further risk treatment needs to be applied.[1] Continue reading →

#343 – A MODEL FOR DECIDING UNDER RISK AND UNCERTAINTY – PATRICK OW

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In Part 1, we looked at the two relevant dimensions for decision-making under certainty, risk, and uncertainty that form the certainty-uncertainty spectrum are:

  1. Degree of certainty – It ranges from close to certainty to far from certainty.
  2. Level of predictability and control – It moves from close to predictability and control to far from predictability and control.

In Part 2, we looked at the three conditions along the certainty-uncertainty spectrum that you will face when making decisions under certainty, risk, and uncertainty. Continue reading →