Strategic Risks

Changing Direction: Setting New Goals Midstream

So you started the year with lofty goals. This was the year your company was going to have zero lost time injuries. Or, your Total Recordable Incident Rate was going to finally be below 1.0. Maybe your goals were training related with X number of employees completing your predetermined course list. That overhaul of your curriculum was finally 

 

By Default or By Design: Managing Strategic Risk

It’s been said that every company has a strategic plan—it’s just a question of whether it’s by default or design. Those with nothing in place are at the mercy of what may come—quite simply, a company has chosen to be reactive versus proactive. As discussed in “The Downside of Positives: Managing Risks & Expectations” a few months back, risk 

 

Measuring Safety: To Know Where You're Going, You Have To Figure Out Where You Are

Putting an effective safety program in place in your organization is an essential part of any business plan. Safety programs have many parts. Management leadership, employee involvement, workplace analysis, hazard prevention and control, and safety and health training are all important parts of the plan. But how do you know where to  

 

Risk Decisions: Properly Delegating Authority

Who makes decisions on risk in your business? How are those decisions made? I was having lunch the other day with a colleague of mine who is the risk manager of a large organization with a complex risk profile. The very nature of the company's operations makes risk management a primary topic in almost every conversation the company...

 

The Downside of Positives: Managing Risks & Expectations

It has finally happened. After months of tireless work, lengthy meetings, and modified proposals, you have officially landed that big account, and with it, more business. It’s all upside from here, right? Well, that’s not necessarily the case. Risk, in the traditional sense, has historically been defined with a negative connotation. That is to say...

 

Talent Management: Right vs. Wrong

When I talk to most CEO’s, a common denominator in our conversation is that their employees are the secret to their success. Yet many of those same CEO’s are frustrated because they aren’t growing and differentiating from competitors. Often, the CEO sitting in front of me is frustrated, overworked and flat out unhappy. The...

 

Cyber Liability: Evaluating Your Exposure

 

Crashing websites, Denial of Service attacks, and the now infamous credit card data breach of Target during the holidays have dominated the headlines. In 2013, cyber attacks were up 32% according to a leading network security firm. With the growing dependence on cloud computing and bring your own device, there's a good chance

 

The Transition from Worker Bee to CEO

I went to a prospective client’s office for a meeting several weeks ago and when I first walked into his office, I immediately wanted to help the guy out. We hadn't said a single word except for the standard introductions as I entered his domain. You might be wondering, what in this CEO's office made me think he needed help?  Well, to be  

 

The Risk of Hackers Wiping Out Your Bank Account. It's Real.

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Hackers stole $588,000 when they broke into a corporate bank account of Patco, Mark Patterson’s construction company. Mr. Patterson was surprised to learn that protections he expected to be in place did not apply to business accounts. In the information security community, these types of crimes are called “corporate account

A Retailer's Reputation Risk: Mile a Minute

200464106-001 Brandt D. Beal CEO In the retail industry, companies face situations where risks are encountered from all angles. They spend significant dollars and years building a positive reputation for their brand. For retailers, public perception is one of their greatest assets, but it can quickly become their greatest liability. Reputation is as important as product. This is especially true for convenience stores, an extremely competitive segment of the retail industry. With over 148,000 convenience stores in the United States, customers have many choices, often just across the street or next door, magnifying the retailers’ need for a good reputation.