#396 – WHEN SURROUNDED BY EXPONENTIAL GROWTH, ‘WAIT AND SEE’ CAN MEAN MISSING AN OPPORTUNITY – DANIEL BURRUS

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Patience is a virtue. Throughout much of childhood, our parents and guardians instilled in us to be patient or to wait calmly for our turn at something.

Having patience is an important characteristic in everyday life, but as an adult — especially if you are a business leader or C-suite executive — too often does the concept of patience become a hands-off defense mechanism used to fight discomfort in facing change. The mindset that surrounds this behavior is known as “wait and see,” where a company tries to simply wait out the storm of disruption patiently, hoping the status quo will remain intact after the clouds clear. Continue reading

#392 – THREE STEPS TO MAKE YOUR BUSINESS MORE RESILIENT – ALEX SIDORENKO

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In risk management there is a concept that will be useful for any business out there, it is called – EXPECTED LOSSES. This means that certain risks are inevitable and will occur no matter what. Stealing in retail, foreign exchange fluctuations or customer bad debts are all examples of losses that happen all the time. Some companies have more losses, others have less, but no company has zero risk. Continue reading

#386 – YOU CAN QUANTIFY ANY RISK IN THE PLANET: FOLLOW THESE STEPS – ALEX SIDORENKO

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While I’ve written this post about compliance risks in the past, I later applied exactly the same math and logic to any non financial risk, including intellectual property, legal, environmental, ESG and most other risks you can think of. Follow this step by step guide to quantify most non financial risks or if you want to automate quantitative risk analysis use Archer Insight. Continue reading

#385 – REPUTATIONAL RISK IS NOT A RISK – ALEX SIDORENKO

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Despite the clickbait title, the messages are in the article are important to the risk profession and are purely practical. First few caveats, corporate reputation is important, even a perception of wrongdoings can affect funding, sales and cost of doing business.  Importance of reputations for both profits and non-profits is not up for a debate. Second caveat is that reputational risk in this article is just an illustration, the same underlying principles apply to all other “marketing” risks like ESG, geopolitical and whatever bs consultants will come up with next. Continue reading

#383 – CULTURE AND FOUR LENSES FOR ORGANIZATIONAL GROWTH – MARK MOORE

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Many organizations get so caught up in what they currently do and how they do it, that they cannot find ways to effectively improve how they operate and experience the growth that stems from that kind of change. Plotting a path to organizational growth, especially based on the projects it chooses to execute, can be a challenge. The fundamental elements are not overly complicated, but the work to make the change is hard. Continue reading