“You cannot fail to sleep because some people die in their sleep.” That is one of the opening lines I use when engaging with executives and board members about effective risk management. “Exercise. Eat well. Drink water. Do not be stressed about the things you cannot control and do regular health check-ups.” That is effective risk management. The rest leave to God. Risk – the effect of uncertainty on objectives – is present in everyday activities. Whether it is going to bed or for a run, or driving to work, or typing on your phone, you take some degree of…

What is the relationship between risk management and innovation? Is your risk management agenda adding value to your enterprise or it is a cost driver? Are your staff embracing risk management or they see it as a distraction? Are your regulators happy with your risk maturity? We have all answers for you. Enroll on our executive risk management practical class. Or call us to customize the training to your needs. This full-day training course delivers practical information on managing risk within your organization’s regulatory and governance frameworks. You will get practical skills to apply immediately to improve your governance and…

Ask any competent consultant their first step in any project implementation, the answer is to understand the context. The more you know about the prospect or client, the better the advice you are likely to give as you can customize it to meet the unique circumstances. It is not about the consultant’s content – the tools, systems, data, or information – a consultant brings to the client. That is an internal focus. It is about the consultant’s awareness of the client which delivers magic. Whoever knows a lot more about their clients has an edge in adding value to them.…

Risk appetite articulation: do not bite what you cannot swallow You have probably heard about the common advice “do not bite what you cannot swallow.” It does not matter how greedy you are, be a brilliant greedy person. Do not bit what cannot go down your throat. It may chock and kill you. If you are an enthusiastic investor in stock markets, seasoned stockbrokers will advise you to only “invest the money you can afford to lose.” Avoid borrowing to invest in the stock market because share prices could up or down. Because investing in companies listed on the stock…

You need a process to win. I used the following four steps formulae: Plan Implement Measure Learn Plan better and continue winning. Whether it is your personal life or business, the formula works. Plan. What is it that you want to achieve? What is the mark you are targeting or aiming at? You cannot hit unless you have defined the target? What is your target or mark? How do you plan to hit it? Always think before you act and react. Be systematic and deliberate. You will have better chances of winning than folks who just jump into something. Implement.…

Before any competitive game, the players have clarity of what success means: win the match. Throughout the game, the scoreboard provides a real-time reminder of who is winning or losing. The mark is clear. Not machinery. Not money. Not any other kind of capabilities, the difference between great companies and average ones is people working as a team and not as an individual in a group. When one of the prospects in Nairobi Kenya wanted to undertake a staff rationalization exercise and approached us, we did not just send a proposal. We asked for a meeting to understand the context.…