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Business Risk
Future-Proofing an Organization
How effective are your strategies?
Michael Porter wrote that company strategy essentially takes three generic forms:
Cost leadership
Differentiation.
Focus.
These are known as Porter's three generic strategies and can be applied to any size or form of business. Porter claimed that a company must only choose one of the three or risk that the business would waste precious resources.
Michael Porter's generic strategies are ways of gaining competitive advantage – in other words, developing the 'edge' that gets you the sale and takes it away from your competitors. He then subdivided the Focus strategy into two parts: 'Cost Focus' and 'Differentiation Focus.'
Cost leadership
Differentiation.
Focus.
These are known as Porter's three generic strategies and can be applied to any size or form of business. Porter claimed that a company must only choose one of the three or risk that the business would waste precious resources.
Michael Porter's generic strategies are ways of gaining competitive advantage – in other words, developing the 'edge' that gets you the sale and takes it away from your competitors. He then subdivided the Focus strategy into two parts: 'Cost Focus' and 'Differentiation Focus.'
Identifying Unidentified Risk / Unknown Problems
If something is "Unknown" or "Unidentified" does not mean that it 'does not exist'! One of the biggest risks that an organization may be vulnerable to is the 'risk of unknown/unidentified' a.k.a 'Residual Risk'. The 'Residual' may be substantial if it is identified and assessed properly.
Some of the aspects of your business may require us to provide direct, unimpeded support to C-Suite Professionals and Leaders of your organization. These complex business scenarios encompassed by the Business Leaders may include, but are not restricted to:
Identifying key Informational Needs - Financial as well as Non-financial.
Investing Time, Talent, and Energy in Resources that make a positive impact.
Assessing areas, functions, or processes of your Business that can be Decentralized or Outsourced, yet you retain control over the activities and focus on more important aspects of the business.
Setting key performance indicators (KPIs) to help your business act ethically or invest sustainably.
Similar to above, unearthing the activities or responsibilities where Business Leaders may release the burden off your shoulder by tactfully and strategically Delegating, without compromising control over such activities or responsibilities.
Developing Resilience Strategies and Contingency Plans
Performing Mystery or Surprise Checks, Investigations, and Due Diligence, wherever the need be.
Identifying key Informational Needs - Financial as well as Non-financial.
Investing Time, Talent, and Energy in Resources that make a positive impact.
Assessing areas, functions, or processes of your Business that can be Decentralized or Outsourced, yet you retain control over the activities and focus on more important aspects of the business.
Setting key performance indicators (KPIs) to help your business act ethically or invest sustainably.
Similar to above, unearthing the activities or responsibilities where Business Leaders may release the burden off your shoulder by tactfully and strategically Delegating, without compromising control over such activities or responsibilities.
Developing Resilience Strategies and Contingency Plans
Performing Mystery or Surprise Checks, Investigations, and Due Diligence, wherever the need be.