Comments by Terry Lundie-Jenkins, Starcore Business Solutions What I like most about Risk Culture Builder (and the comments below) is I feel it is an accurate picture of where the majority of most business and management are at in today ever-difficult world of business and management. The chronological sequence of the post is a solid approach. In reading the post I could not help but consider that for the general audience the hardest hurdle to overcome in any risk solution has 4 main influences: 1. Directors / Executives ability to grasp the concept of what is Risk and why its acknowledgement and management is Essential to todays business, shareholders and owners to ensure their readiness, robustness, alerts, responses and protection for longevity and continued success 2. The implementation and deployment of ready-built packages thinking that they are the solution or worse just to satisfy a Tick-the-box requirement all of which end in poor Business Models & Foundations and often highlight the immaturity of the business and or its management 3. The inability or desire for Management / Owners / Shareholders to identify the real weight of Administrative Support Services and their base-line contribution or understanding of core business process (Typical 30+ %) - not simply just a cost centre, and the subsequent inability of Management & Business to communicate at common levels and interact in an effort to assess and develop a Risk Model with practical solutions and purposeful controls and reporting 4. If engaged - A Consultant that acts to the benefit of its client not simply the retainer or longevity of contract, one that is willing to put Management & Business first, one that will stay the path and has the prime objective in challenging their client based on experience and ability to scope multi-level, practical solutions aimed at delivering the right cultural maturity and growing the client and business as they navigate the journey that is often completely foreign to their beliefs or past activity, process or structure I trust this is read in the correct context and i can attest to this through my 20 years experience, backed by the fact that the majority of my client base or businesss i have worked in all have eventually undergone the realisation and dis-comfort only to wish they had been able to have someone identify it for them and assist far earlier on than when they sought help. Read the original post here: globalriskcommunity/profiles/blog/show?id=5112778%3ABlogPost%3A141142&commentId=5112778%3AComment%3A141541
Posted on: Tue, 12 Nov 2013 09:26:26 +0000
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