Risk and uncertainty are inherent in any business, project work, and every project that an organisation takes on. Management structure (and purpose) can be the determining factor for success in achieving an organisation’s goals. Because if you fail to identify risks, then you also miss an opportunity to avoid it, and missed opportunities can lead … Read more
Risks are an inherent and inseparable part of any business. Additionally, business risk is a component of ”total risk” and represents the fact that an organisation may experience events or circumstances that create a threat to its ability to continue operating. Therefore, as any project progresses, the probability (and impact) of current risks changes, new … Read more
When the COVID-19 pandemic began to reshape business operations globally, the preliminary response of CEO’s, CFO’s, and Treasurer’s was all about survival of their business: free up cash, liquidity (working capital), and resources to keep their business operations afloat. Due to the economic fallout, many organisations experienced devastation with their business operations and all due … Read more
The COVID-19 pandemic raised significant Working Capital challenges and uncertainty for organisations in trying to manage their cash flow. Supply chain disruptions have been a major challenge, along with consumer demand, inflation and interest rate rises, the impact of collection of Receivables, and the rate of insolvency increases. The proper management of Working Capital is … Read more
What is the Risk Management Process? The Risk Management Process is a framework for the actions that need to be taken and addressed. It is simply – an ongoing process of identifying, treating, and then managing risks – and it should be ‘best practice’ for any organisation. Every organisation must contend with risks. Whether it … Read more
Risk Management is an important business practice that helps organisations identify, evaluate, track, and improve the risk mitigation process within their business environment. It is practiced by businesses of all sizes; small businesses do it informally, while SME’s and Enterprise organisations have a structured Risk Management Framework. The goal of Risk Management is to ensure … Read more
Why hire an External Consultant? It’s an impromptu question that many Executives or Business Owners ask when the idea is discussed internally, but especially if they don’t see the obvious benefits (and value) beyond the view of this being another business expense. Certainly, from an outside perspective, it’s hard to understand – Why organisations would … Read more
There are many examples of companies that can take advantage of market change (e.g., Apple), whilst other companies struggle with internal issues or market related conditions. The reasons as to why, will differ for each, and every organisation. With the certainty of change being constant in any industry sector, your organisation needs to prepare for … Read more
Continuous improvement is defined as the ongoing development of products, services, or processes through both “incremental” improvement (over time) and “breakthrough” improvement (immediate and all at once). Organisations require a systematic approach to plan, action, and implement continuous improvement. By using data with a common language (and methodology), this enables management teams to understand the … Read more
Navigate business change with actionable planning and strategy…
