Category Archives: Products@Risk – Peter Holtmann

#281 – WHEN GOOD PRODUCTS GO BAD – WILL YOUR DECISIONS MAKE IT A PRODUCT WITHDRAWAL, RECALL, OR CRISIS – PETER HOLTMANN

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Reacting to potential product risks and consumer safety can take many paths, knowing which one to follow relies on good systems and great decisions.

Consider the following scenario, you pride yourself on the quality of product you produce and sell; then one day you experience a large increase in consumer complaints, your social media accounts are under siege with angry followers, and you have a product in the market that is impacting your reputation and revenue. What you do next will define your company for years to come. Continue reading →

#244 – 70 YEARS OF RISK MANAGEMENT PRINCIPLES: WHAT’S CHANGED? – PETER HOLTMANN

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Risk management, as a practice and set of principles, has been utilised since the 1940’s; 70 years after its introduction what has been accomplished?

History of Risk
Historically risk was the product of the insurance industry to assess financial risks of the businesses they insured. As a sustainable practice it is best to know if your insured will cause financial ruin for your or make a significant negative effect on your profits. Risk was seen as a negative influence on business and should be eliminated. Risk was the practice used by business owners and boards. Continue reading →

#204 – ERM, WHEN NOT DOING ‘RISK’ IS RISKY! – ED BALFOUR

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0As businesses globalize and operate in an ever more interconnected (think social) world, consumers and stakeholders increasingly wield great power from a keyboard! Combine this with the pace of technical innovation and disruption (cyber, fintech etc) it is no surprise that traditional ways of viewing risk have started to change. Continue reading →

#177 – THE FUTURE OF AUDITING – PETER HOLTMANN

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179fed3-150x150Social collaboration, online audit tools and in-house expertise point the way forward for the future audit.

Using social platforms to support the audit process with electronic audit tools and remote auditors is the way of the future. How we start to position ourselves for the future audit is something I have been thinking about since I first wrote parts of this article in 2013. Let’s look back now to go forward. Continue reading →

#176 – POWER COMMUNICATIONS – PETER HOLTMANN

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179fed3-150x150If I gave you six minutes only to communicate your next project; your current workload; the past hurdles; your wish list of positive activities; your best learning’s, how would you use the time? Remember only six minutes.

If I asked you to write down for me your thoughts on how you would change your work outcomes, how much would you write about the past, the present and the future? Let’s say I gave you six paragraphs to do it in with a 250 word-count limit. Continue reading →