The 2020’s have proven to be anything but business as usual. In fact, “usual” seems to now be defined as VUCA – volatile, uncertain, complex and ambiguous. For business owners and leadership managing risks during VUCA environments takes intention, focus and an aligned team. Risks to businesses can be small or large, well-hidden or very obvious. Any risk able to be mitigated can bring increased value to the business. What could, should and will we do now if we accept that the cost of doing nothing may be catastrophic?
Learning objectives:
1. Learn the top three value killers and how to mitigate their risks
2. Explore the “virtuous cycle” of P-D-C-A to reduce risk
3. Understand the five categories of business risk and how to rate and prioritize risks for planning purposes