article thumbnail

6 Factors That Can Impact Your Commercial Business

Strategy Driven

Regular training sessions, workshops, and conferences can keep employees up-to-date and skilled in utilizing modern technological tools. Regulatory Changes and Compliance In the ever-evolving landscape of commercial business, regulatory changes and compliance remain significant factors.

article thumbnail

Deep questions: What diving teaches us about uncertainty and risk

Chartered Management Institute

Gareth believes organisations tend to fall down when it comes to risk because they don’t train hard enough. While this can help facilitate risk management , it can also be a hindrance in a constantly changing world. Compliance is not the answer in an uncertain, complex world.” he says. “

article thumbnail

Innovation Should Be a Top Priority for Boards. So Why Isn’t It?

Harvard Business Review

In contrast, 70% of respondents think their boards have effective processes for staying current on the company; 69% for compliance; 66% for financial planning; and 55% for risk management — although we should note that managing risks is a crucial consideration when pursuing innovation.