RETHINKING RISK MANAGEMENT – WHY RISKY IS THE NEW SAFE

Being risk management keynote speakers, we’re noticing that it’s a topic that’s quickly skyrocketing in popularity worldwide. We can’t say we blame businesses for it either: 2021 promises to be a year of unprecedented disruption and uncertainty. But the process of change management, and learning to lead despite rising challenges, isn’t all that hard to master when you put yourself in the right mindset and way of thinking. So while risk management keynote speakers might provide a good reminder about why it pays to keep an open mind, remember: Only you can bring things principles to life in day to day practice.

Topic: Managing Risk: When to Take a Chance with Your Business

Scenario: Getting ahead in business isn’t about trying to completely eliminate risk: It’s about weighing risks and making smart, calculated gambles that can help put you on the path to growth and success. Management teams in this mindset will set themselves up to succeed in uncertain times like these.

Insight: So-called business “mavericks” actually aren’t big risk takers, as risk management keynote speakers like to remind – rather, they’re better about weighing odds, and (when they see that the odds favor them) are willing to make bigger bets. But this doesn’t mean you have to go all-in when betting on any venture either: There are many ways to pick and choose your opportunities, and design business strategies, in such a way that you can always find ways to pivot, rebound, and grow from any effort as well. It’s important to know how to fund these gambles, how to know when to roll the dice, and how to quickly move in another direction if they don’t come up in your favor.

Topic: What Competition? Why Teamwork is Crucial to Success

Scenario: Stop competing with other firms – start finding ways to work with them instead. Doing so can help you solve challenges faster, produce innovations more consistently, and create winning business solutions more often.

Insight: Many of today’s most successful businesses are getting ahead by finding ways to work with – not against – other companies. Likewise, two approaches to innovation can help you take your business to the next level: (1) Outside in, or open innovation – inviting feedback and ideas from external sources such as the startup and academic communities (i.e. the outside in) – and (2) inside-out innovation: taking tools and technologies you’ve come up with – i.e. platforms for data sharing and collaboration that they’ve developed – and incorporating them into others’ innovation processes.