Sustainable Growth:

New Management Model

Risk Management In Business

Containing Negative Effects and Converting Risks Into Opportunities

By Vadim Kotelnikov, Inventor, Author & Founder, Ten3 BUSINESS e-COACH – Innovation Unlimited, 1000ventures.com

"Don’t forget, that business is like driving a car: you can go fast only if you know you have good brakes!"  – Harvard Business Review

 

 

Three Types of Business Risks1

  1. Individual Risk

  2. Managerial Risk – speaks to the reality of uncertain outcomes that are associated with managerial decisions.

  3. Organizational Risk is a characteristic of firms experiencing volatile and often unpredictable income streams.

Two Levels of Risk2

  1. Strategic risks – the issues which require companies to think on a grand scale. These risks should be tackled at board level and require strategic thinking and strategic planning.

  2. Operational risks require board involvement, but are implemented at a lower level.

Humorous Business Plans

Financial Success

Development risk: "The more you chase money, the harder it is to catch it." – Mike Tatum...

Risk management strategy: "It is better to spend money like there's no tomorrow then to spend tonight like there's no money." – P.J. O'Rourke...  More

 Discover much more!

Smart Corporate Leader

Two Techniques for Turbulent Times

Strategies for Leading Breakthroughs

Using Best Practice: The Trotter Scorecard

Look at Your Company from Outside In As Well As Inside Out

Inspirational Leadership: 10 Roles

Modern Manager

Leadership-Management Synergy

Management Function vs. Process Focus

Delegation DOs and DON'Ts

5 Essential Strategies for Managing Up

Project Management

5 Factors that Make a Project Successful

Effective Leadership

Develop a Clear Vision

Lessons for Leaders (by Xenophon)

Courage – the Key To Leadership

Three Rules for Developing Courage

How To Make Better Decisions

Get Away from Old Ideas

Entrepreneurial Creativity

Change Management

8-Stage Change Management Process

Winning Organization

How To Transform Your Business Into an Innovative and Creative Culture

Guiding Principles To Liberate Employees from the Fear of Trying New Things

7 Tips for Eliminating Bureaucracy

Corporate Culture

5 Strategies for Creating a Culture of Questioning

Strategies for Building a Growth Culture

Innovation

The Jazz of Innovation

IDEO's Innovation Practice Tips

  Ten3 Mini-Courses   Presentation:    View    Download

SMART Executive  (225 slides)   ► Demo

Managing Radical Innovation  (100 slides)

Inspirational Business Plan: Successful Innovation

Operational Plan: "Most innovators are successful to the extent to which they define risks and confine them." – Peter Drucker... More

Leadership-Management Synergy

Leaders: Pursue opportunities. Managers: Reduce risks.

► Resulting synergy: Strategic Achievements... More
 

The Greatest Source of Risk

The greatest source of risk in any business is failure to understand dynamic needs of the customer or end user.

Managerial Risk

"The logic of managerial risk applies at the level of each individual, in that all trusting relationships have meaningful incentives at stake and the trusting party must understand the risks involved in the relationship. In essence, managerial risk creates vulnerability, because to trust another party makes a person vulnerable to outcomes of that party's actions."1

Quotes from Great Corporate Leaders

"No matter how deep a study you make, what you really have to rely on is your own intuition and when it comes down to it, you really don't know what's going to happen until you do it." – Konosuke Matsushita ... More

18 Lessons for Leaders from Colin Powell

 

Once the information is in the 40 to 70 range, go with your gut. Don't wait until you have enough facts to be 100% sure, because by then it is almost always too late.... More

Managing  Five Business Development Risks

You face five risks at every stage of your business development:

  1. Growth risk

  2. Technology & production risk

  3. Marketability & competing risk

  4. Financial risk

  5. Team & management risk.

Entrepreneurial risk management approaches can help you turn these risks into opportunities... More

Humorous Business Plan: Successful Marriage

Other risks: "Before marriage, a man will go home and lie awake all night thinking about something you said; after marriage, he'll go to sleep before you finish saying it."  – Helen Rowland...

Risk management strategy: "Try praising your wife, even if it does frighten her at first." – Billy Sunday... More

Humorous Business Plan: Success in Love

Growth risk: "A sweetheart is a bottle of wine; a wife is a wine bottle." – P.C. Baudeareil...

Risk management strategy: "Adultery is democracy applied to love." – H. L. Menken... More

 

 Discover much more in the FULL VERSION of e-Coach

Project Risk Management...

Innovation Portfolio Approach...

Two Techniques for Turbulent Times...

 

 

Bibliography:

  1. "Strategic Management: Competitiveness and Globalization", Edition 4, Thomson Learning

  2. "The Complete Guide to Business Risk Management", Kit Sadrgove

  3. "Relentless Growth", Christopher Meyer

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Inventor, Author & Founder – Vadim Kotelnikov

© Vadim Kotelnikov, GIVIS