Risk Management
178 views | +0 today
Follow
Your new post is loading...
Your new post is loading...
Scooped by Paul Dyer
Scoop.it!

How to bring the subject of 'Risk' to Life - Influence Inc.

How to bring the subject of 'Risk' to Life - Influence Inc. | Risk Management | Scoop.it
We’re delighted to launch our new management game ‘Prove It’ in time for Christmas and the New Year!  Our tarot sized card game really does bring the subject of ‘risk’ to life. Devised by people who understand financial services risks from the inside out, the...
more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

To Get More Creative, Become Less Productive

To Get More Creative, Become Less Productive | Risk Management | Scoop.it
Managers will have to choose.
Paul Dyer's insight:

Risk management is typical of a business discipline which has suffered from a regimented approach, an industry where creativity simply doesn't exist.  Why?

Because it falls into the productivity trap of ticking the boxes.  Risk Management needs time; it needs space for people to discover new ways of using existing knowledge.  Influence Inc's business is not just a risk management consultancy; it has that creative, innovative edge which ultimately leads to much greater efficiencies than can be accomplished by productivity alone.

more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

Insurers: Mind the innovation gap - Influence Inc.

Insurers: Mind the innovation gap - Influence Inc. | Risk Management | Scoop.it
Research shows that the majority of insurers need innovation, but few have the capability or capacity to do it.
more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

Is your risk management stuck in a rut? - Influence Inc.

Is your risk management stuck in a rut? - Influence Inc. | Risk Management | Scoop.it
The Argyris model of learning from one’s experiences, single- and double-loop learning. an interesting challenge to modern enterprise risk management (ERM).
more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

For bank chief risk officers, no room for error in compliance

Paul Dyer's insight:

It is very easy for risk leaders to become risk managers, spending their time focusing on how things should be done rather than leading the charge on optimised risk taking.  

more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

Unheard of 20 years ago, chief risk officers have become indispensable | The Times

Unheard of 20 years ago, chief risk officers have become indispensable | The Times | Risk Management | Scoop.it
There’s a skills shortage and, in shortages, the price rises. In the City these days, that means that the price of risk managers is surging
Paul Dyer's insight:

CROs bring fresh insight and challenge to the Boardroom, but in a big organisation the CRO needs be backed up by credible support. Risk Management isn't always just for those who can afford to pay the big bucks, there are far more Risk Managers than CROs out there. Simple disciplines can improve business success as highlighted in our #thinklikeindy series, which provides insight into some of the simple but essential mindset and attitude. 

more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

Corporate adventure, how to #ThinklikeIndy - Influence Inc.

Corporate adventure, how to #ThinklikeIndy - Influence Inc. | Risk Management | Scoop.it
Ok, so the case for aligning risk management and innovation to achieve Indiana Jones level results is clear. Risk taking and innovation should be natural partners and work intuitively within your organisations response to everything. Here we present three practical concepts that should be considered in order...
more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

The holy grail, risk and innovation #ThinklikeIndy - Influence Inc.

The holy grail, risk and innovation #ThinklikeIndy - Influence Inc. | Risk Management | Scoop.it
We're on a trail, not hunting treasures deep in the Amazonian jungle, but somewhere far more complex and treacherous, the lost city of risk and innovation.
more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

A Better Way to Think About Risk

A Better Way to Think About Risk | Risk Management | Scoop.it
Taking chances can be a good thing.
Paul Dyer's insight:

The last two paragraphs are exactly what we exemplify at Influence; 

learning new techniques and tools will help us achieve better outcomes in this era of dramatic and disorienting change, as our traditional way of thinking about risk assessment is inadequate for today's business strategy and decision-making. 

more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

Insight from the 1800's resonates today

“Shallow men believe in luck. Strong men believe in cause and effect”.  Ralph Waldo Emerson

Paul Dyer's insight:

Ralph Waldo Emerson, leader of the transcendentalists whose core belief was the inherent goodness of people who could so easily become ‘corrupted’ by organisations and institutions.  They believed that people were at their best when they were truly ‘self-reliant’ and independent and that it is only from such real individuals that true community could be formed.

This echo from the past is not so far away and resonates with our own philosophy of concise vision, mutual purpose and trust.

more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

The human side of risk management - Project Accelerator News

The human side of risk management - Project Accelerator News | Risk Management | Scoop.it
The human side of risk management
Project Accelerator News
All his project managers had been trained in basic risk analysis. Every project ran risk workshops and entered the results in their risk registers.
more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

Leadership: Without it, ERM won't fly - ABA Banking Journal (blog)

Leadership: Without it, ERM won't fly - ABA Banking Journal (blog) | Risk Management | Scoop.it
Leadership: Without it, ERM won't fly
ABA Banking Journal (blog)
Without strong leadership from the CEO, enterprise risk management will fail sooner or later (probably sooner).
more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

A seat on the board's too great a risk, study finds - Telegraph.co.uk

A seat on the board's too great a risk, study finds - Telegraph.co.uk | Risk Management | Scoop.it
Telegraph.co.uk A seat on the board's too great a risk, study finds Telegraph.co.uk Industry executives are shunning lucrative non-executive directorships fearful of a new British culture of “corporate criminalisation”, as business leaders are...
Paul Dyer's insight:

According to this survey the majority of firms don't understand risk management or are implementing it incorrectly . . . 


  • 82% of UK board members are investing significant effort to improving risk management, but fear that the  “over-emphasis” may be inhibiting growth
  • Nearly one-third of the 320 surveyed were concerned about a scandal arising involving tax

The key to unlocking a winning performance is putting in place the right people, processes and systems to coherently align what happens on the ground to future direction.

 

Having a clear view of success, understanding where key risks lay and putting the right skills at the right time to the right task is essential to minimize waste and secure the right outcomes for all.


We work with you and your business objectives to ensure that risk management and  aspects of your business are truly fit for future and not just a flash in the pan competing against the next priority.


If you are one of the few who want to do it right first time, or even just kick the tyres, give us a call, it's clearly worth the effort. 

more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

FCA Individual Accountability Regime Webinar - Influence Inc.

FCA Individual Accountability Regime Webinar - Influence Inc. | Risk Management | Scoop.it
Influence Inc and partner firm Hitech hosted a recent webinar on the FCA Individual Accountability Regime: People & Culture, Data Systems, and Technology. If you would like to watch the FCA Individual Accountability Regime webinar, you can do so by viewing the link. The webinar is...
more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

How black box thinking can prevent avoidable medical errors (Wired UK)

The black box recorder can teach us how to avoid medical error-induced fatalities
Paul Dyer's insight:

This article refers to the indisputable high safety record of the aviation industry due to their black box thinking; it also cites the success of one Seattle hospital creating an aviation-style system of incident reporting, and altered the culture so that professionals 'were empowered to speak up'.  Errors plummeted, along with a huge reduction of public liability insurance claims.  This clearly shows the power of learning from mistakes. 

The black box way of thinking is akin to the double loop learning system, a model developed by Argyris in 1978.  Nearly 40 years later, while some organisations pay lip service to a single loop learning system, very few envelope the double loop learning system into the fabric of their organisation.  We're great advocates of this model - read our post: Is your risk management stuck in a rut.

more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

Design thinking: build a better approach to risk? - Influence Inc.

Design thinking: build a better approach to risk? - Influence Inc. | Risk Management | Scoop.it
Considerations for Risk Managers in designing their organisational approach to risk management and compliance.
more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

Lloyd's City Risk Index 2015-2025. Understand the Risks.

Lloyd's City Risk Index 2015-2025. Understand the Risks. | Risk Management | Scoop.it
Lloyd's City Risk Index 2015-2025 analyses the potential impact on the economic output (GDP@Risk) of 301 of the world's major cities from 18 manmade and natural threats.
Paul Dyer's insight:

This awe inspiring big picture presentation brings 'risk' alive in a terrifying sense.  It shows the value that effective risk management and mitigation can deliver when really focused on the areas highest exposure.

Does it take an eye opening moment to really appreciate the value of effective risk management?  

more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

Accountability in Banking - comply or be bold & innovate - Influence Inc.

Accountability in Banking - comply or be bold & innovate - Influence Inc. | Risk Management | Scoop.it
With the PRA's Strengthening Accountability in Banking and the FCA following suit, we help you drive business innovation through compliance.
more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

Australia launches crackdown on ‘fleecing’ bank culture - FT.com

Australia launches crackdown on ‘fleecing’ bank culture - FT.com | Risk Management | Scoop.it
Australia’s corporate regulator is to launch a crackdown on the country’s banking culture, which it claims is encouraging misconduct and the “fleecing” of consumers. The intervention by the Australian Securities and Investment Commission follows a
Paul Dyer's insight:

Simple risk assurance can identify potential chinks in your armour, so why do so many firms continue to invest in other more self-defeating behaviours. We're here to help you make the right decisions. We provide simple advice and support, not just another bolt-on solution to the wrong problem! 

more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

Thinking differently is essential for survival (#ThinklikeIndy) - Influence Inc.

Thinking differently is essential for survival (#ThinklikeIndy) - Influence Inc. | Risk Management | Scoop.it
Indiana Jones’s ability to stay alive during the adventure, diving out of the path of large crushing rocks, swinging across dangerous spikes and scraping underneath speeding trucks to safety is legendary. For us, he is one of our inspirations for risk and innovation management in practice....
more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

Our Solution is in Red – Fix the Real Problem » Influence Inc



Paul Dyer's insight:

It's a little like applying a band aid to a sprained ankle....this post tells the sorry story of 'the complaints procedure review meeting' and a pack of band aids.

more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

Wisdom from the 1800's relevant today

"Shallow men believe in luck.  Strong men believe in cause and effect" American Writer Ralph Waldo Emerson

Paul Dyer's insight:

Just one of many quotes from the leader of the Transcendentalists' movement in the 1800's, whose core belief was the inherent goodness of people who could so easily be 'corrupted' by institutions and society and that it is only from such real individuals that true community could be formed.  At Influence Inc, we seek to establish concise vision, mutual purpose and trust, an echo not so very far away from this great thinker.  Our unique tools aim to establish this very community referred to.  

more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

Leadership Courage: Creating A Culture Where People Feel Safe To Take Risks - Forbes

Leadership Courage: Creating A Culture Where People Feel Safe To Take Risks - Forbes | Risk Management | Scoop.it
The human ingenuity within any organisation are it's greatest competitive advantage. Yet according to the latest statistics, over half of todays workers are disengaged .
Paul Dyer's insight:

Competitiveness depends in a great part on the ability to deliver today and innovate for tomorrow. The perennial challenge is to build an organisation capable of doing both of these things again and again.

We believe the role of a leader is not just to set a vision and motivate others to follow it, but to create a community that is willing and able to innovate towards a common purpose or 'embolden' as   the Venn diagram shows.  Our highly developed tools and methodology have been built around helping you understand how well your leadership practices enable and motivate individual and collective performance, and provide the insight and support to improve.

more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

Study proves monetary value of ERM

An academic study has shown there is a direct relationship between mature risk management practices and value growth.
more...
No comment yet.
Scooped by Paul Dyer
Scoop.it!

Why Risk Management Also Means Uncovering Opportunity ...

Why Risk Management Also Means Uncovering Opportunity ... | Risk Management | Scoop.it
Managing risk is never far from the minds of CPOs. Risk management frequently stands out in Procurement Leaders Procurement Intentions Reports as a major concern. The latest Report highlights operational risk as a major ...
more...
No comment yet.