In my 2013 book “Mastering 21st Century Enterprise Risk Management” I quipped “just as the Wild West of the 1890’s had disappeared without trace by the Roaring 1920s, so too will the business world of the 1990s, be long forgotten by the 2020s”. Just 5 years on and not only has the world changed emphatically but the rate of change is accelerating. Continue reading
When Enterprise Risk Management (ERM) is advocated, it often seems like it is the end all and be all. However, this is not true. It is a methodology which assists management in identifying the risk that can prevent an organization from accomplishing it desired goals. As such, it should be viewed as another management tool in a range of tools. Perhaps the best presentation of this idea, for local government, is from the city of Oshawa Canada. This piece discusses how it has integrated ERM into it continuous improvement process. Continue reading
2016 and 2017 have seen a virtual tsunami of compliance failures involving some of our largest companies. From Mitsubishi to VW, from ANZ to Target, almost weekly there have been media reports about some company employees having run amok – unbeknownst to their executives and boards. People are asking: “What happened to the compliance management systems that are supposed to monitor and prevent such abuses?” Executives and boards are naturally starting to question the entire compliance management function. Continue reading
The increasing complexity and dynamism that the markets have today, but especially those where organizations operate using Information and Communication Technologies as the core of the business, as well as the resulting uncertainty thereof, suggests that the Strategic Development in those Organizations should be based on the usage of traditional processes as well as other emergent strategies that arise from internal processes and daily activities. Continue reading
President Trump promises a more business-friendly government that should stimulate economic growth. Regardless of the actual economic growth in our future, here are three methods that will help your business increase profits if you depend on successful completion of projects to make money.
These are relatively simple concepts, but they require in-depth knowledge, consistent effort and discipline to get full benefit. Continue reading