Sandhya Bhat
  • Home
  • Leadership Coaching
  • Consulting
  • Strategy & Technology Blog
  • Tools & Techniques
  • Learning
    • Articles
    • Corporate Wisdom
    • Infographics
    • Videos
  • Leisure
    • Artistic Endeavors
    • Exploring Aviation
    • Travels & Fun Blog
  • Ask Me
    • Links >
      • Learning & Development
      • Health & Wellness
      • Inspiring Quotations
    • Terms & Conditions

Risk Management: Stir up a Treat

12/30/2018

0 Comments

 
It is important to realize that tough times are simply part of any business cycle. One needs to plan for inevitable down times and have comprehensive risk mitigation strategies. These downtimes could be as a result of increase in raw material costs and/or logistics as well as changes in Government rules and regulations. Other contributing factors can include higher taxes, rising costs of employee benefits or changing regional, national or global economic environment.

Remember: when life gives you lemons, stir up a treat!!
Picture
Business Continuity along with Succession Planning are essential. But their key limitation is that they mainly look at how to maintain the current business workings in a disastrous event.

Risk Management on the other hand ensures that we identify, mitigate and manage Risks, so that our business can sustain (if not thrive) even in extremely adverse situations. 

By mitigating potential ‘risky’ situations, we can lessen their occurrence probability and of course by managing risk, we can ensure that we are correctly evaluating all the associated impact and liability that inadvertently ensues- so that we can correctly include these projections within our business costs and profit forecasts!

Risk Management can be implemented to develop contingency plans and prepare for any eventuality. Controls that are put in place to avoid/mitigate risks may not show immediate returns but do go a long way to increase profitability and maintain brand value.
​Sandhya Bhat MSc, CSSMBB, CSSE has developed several new (under patent filing) and enhanced existing strategic methodologies to improve technology and human capital utilization, produce greater ROI on investments and streamline service delivery. She is an acclaimed author, speaker, a sought after thought leader and an avid world traveler.
#riskmanagement #riskanalysis #ceo #enterpriserisk #downturn #plungingprices #increasingcosts
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Picture
    ​Sandhya Bhat has
    ​developed several strategic methodologies to improve technology and human capital utilization, produce greater ROI on investments and streamline service delivery.

    ​Sandhya has more than nineteen years of experience as a senior strategic Management Consultant with Process Improvement, Business Relationship Management and Project Management specialization. She has particularly utilized Lean Six Sigma, Kaizen and ISO principles along with Scrum and Kanban frameworks. 
    View my profile on LinkedIn

    Categories

    All
    Branding & Communications
    Business Relationship Management
    Business Transformation
    Career Development
    Change Management
    Continuous Improvement
    Corporate Wisdom
    Demand Management
    Emerging Technology
    Environmental Health & Safety
    External News & Articles
    General Topics
    Green IT
    Human Resources
    Info-Comics
    Information Management
    Information Technology
    Innovation In Technology
    In The News
    IT Operations
    IT Security
    Kaizen
    Leadership
    Lean Six Sigma
    Learning & Development
    Motivational Mondays
    Organizational Development
    Organizational Effectiveness
    Personal Development
    Process Mapping & Improvement
    Program & Project Management
    Quality Management Systems
    Read Of The Week
    Risk Management
    Sales & Marketing
    Security & Governance
    Service Delivery Models
    Strategies & Methodologies
    Strategy & Planning
    Sustainable Corporations
    Talent Management
    Team Building
    Tech Thursday
    Thought For The Week
    Videos Corporate Wisdom
    Videos Information Services
    Videos- Information Services
    Weekly Watch-List
    Weekly Wishes & Updates
    Workforce Planning
    Work & Life Balance

    Learning & Development

    Picture
    Check out our channel...
    Picture
    Picture
    Picture
    Picture

    Books on
    Business & Management

    Picture
    Picture
    Picture
    Picture
    Picture
    Picture

    Books on
    ​Health & Wellness

    Picture
    Picture
    Picture
    Picture
    Picture
© ​ Copyright 2019  Sandhya U Bhat & Macro2Micro Media ***ALL RIGHTS RESERVED*** 
View our 
Terms & Conditions before using this site and you can contact us here.