EMD / Enterprisemarketdesk’s Post

Level Up! 🚀 I'm excited to share that I've just completed a certification in Compliance and Risk Management! This program has equipped me with the knowledge and skills to identify, assess, and mitigate risks in the workplace. I'm ready to help organizations ensure compliance with regulations and protect their assets. #HR #HRCertification #Compliance #RiskManagement #ProfessionalDevelopment

4 ways to Improve Risk management in a VUCA Environment Risk management is dealt with subjectively across companies. Some companies over-emphasize risk justifying with over-documentation, and some undermine justifying it as a business  case, while actual risk remains. How can we navigate the risks within a VUCA environment?  There are four aspects to implement a effective risk management; 1. Strategic hiring and skilling of people: It involves hiring skilled people who can undertake complex and evolving roles. It requires people who can upskill themselves based on the need for uncertain changes in future. For an employee to be well-equipped to handle potential risks, it needs consistent training programs, mentoring, and ongoing professional development. 2. Technological improvement in activities: Embracing technological advancements to manage and mitigate risks, such as implementing automation, data analytics, and digital platforms to enhance decision-making and risk assessment processes. 3. Reducing redundant tasks: Identifying and eliminating unnecessary or repetitive tasks to streamline operations and reduce the potential for errors, thus improving overall risk management. 4) Culture of uniformity: For a Company to act as ONE, it needs all people & processes to think & act alike to a larger vision.  #RiskManagement #EmployeeDevelopment #TechnologyIntegration #Efficiency #ResourceManagement #transformation #redundanttasks

🔍 Building a strong risk culture is fundamental for effective Enterprise Risk Management. It serves as the backbone that helps: - Proactive Risk Identification: Encouraging early detection and reporting of risks. - Informed Decision-Making: Ensuring all decisions align with the organization’s risk appetite and tolerance. - Accountability: Making risk management a shared responsibility. - Consistent Practices: Establishing uniform risk management practices throughout the organization. - Regulatory Compliance: Meeting regulatory requirements to reduce non-compliance risks. - Adaptability: Keeping the organization agile and responsive to changes in the risk landscape. - Resilience: Embedding risk awareness and resilience into the organizational DNA. #RiskManagement #ERM #Compliance #Resilience

🌟 The Power of Risk Management Knowledge in the Workplace 🌟 In today’s fast-paced business environment, understanding risk management isn’t just a nice-to-have—it’s essential! 🔍 Why is Risk Management Important? Informed Decision-Making: Knowledge of risk management equips teams to make better decisions by identifying potential threats and opportunities. Enhanced Resilience: Companies that prioritize risk management can better navigate uncertainties, ensuring stability and growth even in turbulent times. Boosted Confidence: Employees who understand risk can approach challenges with confidence, knowing they have strategies to mitigate potential issues. Compliance and Governance: A solid grasp of risk management helps organizations stay compliant with regulations and maintain good governance practices. Competitive Advantage: Organizations that effectively manage risk are often more agile and better positioned to seize market opportunities. 📈 Investing in Knowledge: Providing training and resources on risk management can empower your workforce and drive organizational success. Let’s foster a culture that values proactive risk management! How has risk management knowledge impacted your work? #RiskManagement #Leadership #BusinessStrategy #WorkplaceCulture #ContinuousLearning

Are you designing your risk management system, or Is your organisational structure designing it for you?     Conway’s Law states that the structure of a system is determined by the communication patterns of the people who design it.   In other words, we’re destined to build things that look like the teams that built them.   The way in which people communicate and collaborate when designing a system will have a direct impact on the structure of the system itself.     Conway’s Law can be recognised in organisational risk management practices.   Risk management can be found to be relegated to a secondary role.   It can result in additional bureaucracy, and delays in decision-making.   It can create a culture where risk is seen as the responsibility of a select few rather than a shared responsibility across the organisation.   It can be seen as an afterthought and a separate step in the process,   Rather than an integral part of everyday operations and decision-making.     Risk management teams and individuals are often isolated.   When teams are fragmented or siloed, the resulting processes and system reflect those communication patterns.   It leads to the development of a siloed approach.     Ensuring collaboration and communication among teams leads to more cohesive and integrated approach.   Risk management practices must be integrated into broader business operations.   There must be no disconnect between risk management activities and organisational objectives.   They must be built-in and not a bolt-on.   #riskmanagement #risk #enterpriseriskmanagement #ERM #riskculture #continuouslearning

I have not seen for 20+ years of my professional work experience any exceptions from the Comway's Law. Understand the organization design and you will be able to forsee based on understanding of the law and your experience how the whole company evolves, how the projects are implemented and how the architecture on a conceptual level looks like and what are the pain points and why you can or can not improve it. And how everything will change when you will start to change the org design.

Are you investing in your most valuable asset - your people? In today's fast-paced business environment, HR and risk professionals must embrace innovation and collaboration to effectively manage both people and business risks. Discover the most significant people risks facing organizations and how you can proactively manage them. #MMC #Risk #FutureofWork #HR #RiskManagement #PeopleRisk #StrongerTogether

🔍 Embracing Risk Management: Key to Corporate Success! 🛡️ Effective risk management shields individuals from uncertainties, empowering strategic decision-making and fostering resilience. Navigating dynamic landscapes, transforms challenges into opportunities, fueling professional growth. By embracing risk management, we fortify our careers and contribute to organizational success. Let's champion this discipline for a brighter future! #RiskManagement #CorporateSuccess #ProfessionalGrowth 🌟Employee Pooling Resources

#Risk #Organization #Culture #Effective #Management Organizational risk culture refers to the collective values, beliefs, and behaviours that shape how risks are understood, communicated, and managed within an organization.  It plays a vital role in shaping risk management practices and influences decision-making at all levels.  A strong risk culture can facilitate effective risk management by promoting awareness, encouraging proactive behaviour towards risk, and ensuring alignment with the organization’s strategic objectives. Orshi Terhemba Ephraim, GGA, MTRCN, AAT, ACA Joel-Ahmed M. Mondol Jim Becker Huy Vu

🛡️ Breaking Barriers: Mastering the 5 Stages of Risk Management in Healthcare! 🌐 Attention healthcare leaders! Our latest blog is a game-changer, diving deep into the 5 essential stages of risk management. Discover how to fortify your organization's data, ensure compliance, and navigate the complexities of healthcare risk effectively. 🚀 What's Inside: Understanding Different Risk Types The Power of GRC Software in Risk Management Streamlining the Risk Analysis Process Prioritizing and Resolving Risks with Confidence Continuous Risk Monitoring Strategies Don't let risk management be a puzzle! Read the blog now to empower your team with the knowledge to conquer every stage: https://lnkd.in/eYD778hS