Industry analysts agree that it’s important to make risk assessment an ongoing process, allowing for frequent plan updates as political conditions, fuel prices, tariffs, currency exchange rates, labor costs, and other supply chain security threats...
Spend Matters Supply Risk Management: Tracing Different Risks to Common Drivers Spend Matters This post is based on the FreeMarkets white paper (published in 2003) that I co-authored with Mark Clouse, Global Supply Management: Strategies for...
More Corporate Agencies Signing Up For Low-Cost Travel Risk Management Business Travel News With a base service priced as low as $3 per trip, it's billed as a low-cost alternative to other risk management systems.
Can Tiki-Taka Tactics Keep Risk Management On The Ball Finextra They may be operating in very different fields, but it is in the interest of both football players and risk managers to 'stay on the ball.' In Tiki-Taka-style soccer, players do this...
Imagine your organisation without anyone in charge – employees don’t report to a manager, have targets to meet or PDRs to fill in – in fact, they don’t even a job title. That’s the basic concept behind holacracy, an idea taking increasing hold in US companies – but can it ever really work? Peter Crush reports
In an earlier article we talked about creating your Brand's Big Idea and using it to drive every inch of your organization. The Big Idea should drive every activity and every function.
To read more on how to come up with the Big Idea and how to leverage it throughout, click on: How your Brand’s Big Idea should drive every part of your Organization
Once you have your Big Idea, you should then use it to frame the 5 different connectors needed to set up a very strong bond between your brand and your consumers.
Brands are able to generate love for their brand when the consumer does connect with the brand. I wish everyone would stop debating what makes a great brand and realize that all five connectors matter: promise, strategy, story, innovation and experience. The first connector is the Brand Promise, which connects when the brand's main Benefit matches up to the needs of consumers. Once knowing that promise, everything else feeds off that Promise.
For Volvo the promise is Safety, for Apple it is Simplicity and FedEx it might be Reliability. It’s important to align your Strategy and Brand Story pick the best ways to communicate the promise, and then aligning your Innovation and the Experience so that you deliver to the promise.
Innovation is a systematic way of applying creativity in the real life and it takes disciplines to manage both opportunities and risks but what are the characteristics of an innovation risk management framework?
Supply Risk Management: Exploring Strategy Risk Spend Matters This post is based on the following FreeMarkets white paper (published in 2003) co-authored by Jason Busch and Mark Clouse, Global Supply Management: Strategies for Identifying and...
By Michelle Symonds Every project has potential risks that could cause things to go horribly wrong. You need to be aware what the risks are and have contingency plans to avoid the project being a complete failure.
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