Nicholas Grewal’s Post

Strategic Direction Tension: The next article in the series 'Managing Tensions Among Directors'. Learn about the possible outcomes when strategic direction tensions exist in your board. https://lnkd.in/gvu3EdUZ

Have you ever spoken to someone and later learned they unintentionally assumed a word you used had a different meaning than what was intended? Without addressing it, this situation could create real issues that will have to be addressed. In a business context, this can include the terms “strategic initiative” and “operational project” While these two may seem similar on the surface, they are really very different. Today’s article discusses why and explores what the real distinction between the two terms is really rooted in. https://lnkd.in/gpkveggA #strategicinitiative #operationalproject #ERM #erminsights #riskmanagement #planning #strategy

There will always be changes and disruptions in the economic environment that impact businesses. A clear understanding of what influences and impacts your business, plus the risks and opportunities, will put you in a position of great strength. Having strong contingency or change management plans in place will give you the certainty to lead your business and team into the future. We help businesses develop structure to get clarity and direction to make decisions based on fact. https://absolutequality.co #MakeGoodBusinessGreat #EngageEnableEmpower #BusinessStrategy #ChangeManagement #ContingencyPlanning #BusinessResilience #RiskManagement #BusinessLeadership #EconomicChange #FutureProofing 

In today’s volatile geopolitical, economic, and social landscape, proactive planning has never been more critical. With disruptions becoming common, companies and global leaders are stepping up their planning strategies to anticipate and mitigate risks effectively. Active planning is not just a tool, but a necessity to navigate these uncertain times. At ZIMLog, we understand the importance of robust planning. Our solutions support your journey by providing comprehensive risk management and strategic planning, giving you the peace of mind to focus on growth and innovation. Ready to elevate your planning game? Partner with us > https://zim-log.com/ https://lnkd.in/dxB7SSSr #RiskManagement #StrategicPlanning #SupplyChainSolutions #ZIMLog

Strategic planning involves looking forward to challenges and risks that the organization might face, and developing a plan for successfully dealing with them. To learn more about risk management, contact Collier Research Systems. #risk #strategy #planning https://lnkd.in/g7njZm5q

This is one crucial question you need to be asking. In any project, stakeholders may have different perspectives and opinions on whether a plan will succeed. However, by focusing on the conditions that need to be true for success, stakeholders can often find common ground. To help articulate these assumptions and conditions, ask the following question: ❓ "What would need to be true for this to work?" This helps bridge potential disagreements and facilitates agreement on the critical underlying assumptions. The question prompts the team to consider potential risks or constraints. We need to be future orientated. Focusing solely on "what is true" limits the scope of planning to the constraints of the present reality. Shift the focus towards envisioning the desired state or conditions required for success. #projectmanagement #riskmanagement #planning #change #transformation #strategy #risk #project #assumptions

Risk-based decision-making is a crucial process that involves thorough analysis, strategic planning, decisive action, continuous monitoring, and comprehensive review. It takes into consideration the potential impacts of uncertainty on objectives. #RiskManagement #DecisionMaking #ISO9001

Are organizations effectively adjusting their #RiskManagement practices to govern #ArtificialIntelligence? Experts spoke to MIT Sloan Management Review Elizabeth M. R. David Kiron Steve Mills on #ResponsibleAI

As a seasoned Strategic Consultant with over two decades of experience leading companies through significant financial challenges, I’ve witnessed the critical role of 𝐫𝐨𝐛𝐮𝐬𝐭 𝐩𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐝𝐮𝐫𝐢𝐧𝐠 𝐜𝐫𝐢𝐬𝐢𝐬 𝐭𝐢𝐦𝐞𝐬. It's essential to 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜𝐚𝐥𝐥𝐲 𝐩𝐥𝐚𝐧 the critical periods to ensure ongoing financial stability. 🔍 Key areas for executive teams to focus their crisis management strategies: 1️⃣ Liquidity Management: Secure your cash flow and maintain transparency with stakeholders. 2️⃣ Scenario Planning: Anticipate and adapt to potential risks with proactive planning. 3️⃣ Cost-Cutting with Care: Prioritize strategic investments over indiscriminate cuts. 4️⃣ Leading Transformation: Communicate changes effectively to foster alignment. 5️⃣ Building Trust: Regular, transparent communication strengthens stakeholder confidence. 6️⃣ Legal Compliance: Maintain meticulous records to ensure compliance and protect your business. 𝑆𝑡𝑎𝑦 𝑡𝑢𝑛𝑒𝑑! 𝑁𝑒𝑥𝑡 𝑤𝑒𝑒𝑘, 𝑤𝑒 𝑤𝑖𝑙𝑙 𝑠ℎ𝑎𝑟𝑒 𝑠𝑜𝑚𝑒 𝑝𝑟𝑎𝑐𝑡𝑖𝑐𝑎𝑙 𝑡𝑖𝑝𝑠. Full article in the link💡👇 #CrisisManagement #ExecutiveLeadership #BusinessStrategy #LiquidityManagement #StakeholderCommunication #BusinessTransformation #Leadership

Governance is one of those concepts subject to myriad interpretations. Governance is defined as providing direction and control, to which I then add capability. The three legs of governance are therefore direction through a clear strategy and purpose, control through an executable business plan, and capability through people. At its core, governance is anchored in strategy, not compliance; its centre of gravity is judgment, rather than process. #governance #direction #control #capability #director #board #information #decision #strategy #effectiveness #onepage #definition #corporate #afr