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COVID-19 Brings An Entirely New Dimension To Risk Management

Strategy Driven

Risk management has always been an essential pillar of managing a successful company. But the current global pandemic is bringing it into sharp relief and showing many firms that their existing strategies simply aren’t up to the task. Risk management, therefore, needs to change fundamentally.

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8 Ways You Can Improve Your Strategy & Leadership Skills to Scale Your Business

Joseph Lalonde

They include: Market research: market research helps you to study your business’s industry, customer needs, product supplies, and specific changes in the market. Trend analysis: helps you to understand the market trends and use them to your favor. Have Proper Risk Management Plans. Follow As You Lead.

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How to Ensure Your Organization’s Digital Transformation Succeeds

Leading Blog

To illustrate the potential impacts, in 2007, Nokia had a little over half the mobile phone market with an operating profit of about $7.8 Nokia just couldn’t keep up. Subsequently, its market share plummeted by 90 percent. Its phones were quickly viewed as antiquated and difficult to work with for developers.

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Seven Ways to Leverage Internal Mobility

The Center For Leadership Studies

An open-minded interviewer can both harness potential and deploy expertise with one conversation followed with a commitment to action steps. It has the potential to be what moves a regressing worker from disgruntled and impeding to validated and trailblazing.

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The Importance of Risk Assessment in Business

Strategy Driven

Externally, there are political issues, interest and exchange rates, new market competitors, and financial risks such as investments. Internal risks include workplace injuries, non-compliance, information breaches, loss of funds through theft and many other unexpected events. What Does a Risk Management Plan Entail?

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Crisis Management: The Ultimate Test of a Leader | In the CEO.

In the CEO Afterlife

How is it possible for three months of crisis management ineptitude to occur in an organization the size of BP with a product as environmentally toxic as oil? You’d think a company drilling on the ocean’s floor would be adept in risk management planning. 4 Responses to Crisis Management: The Ultimate Test of a Leader.

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14 Questions to Answer Before Signing Up a Vendor

Nathan Magnuson

If you are responsible for signing up a new vendor, these 14 questions will significantly increase your likelihood of a great partnership experience and reduce the many business risks of a poor one. What is their market position? Is this vendor at the luxury or discount end of the market spectrum?

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