I was recently exposed to an interesting study called Roads to Resilience, which is a 2014 report by the UK’s Cranfield School of Management on behalf of the UK insurance and risk consultancy, Airmic. The basic thesis is that opportunity is the upside of risk, and that seizing risk-driven opportunities requires a decisive and rapid response, which in turn requires empowered teams, practiced processes and flexible resources.
Does this describe you?You are in your 50s…the business that you started on your kitchen table at home and that you sunk more time into than your family …is flourishing.
Moving forward and adapting in a rapidly-changing and challenging business climate-doing “what you need to do!”
Businesses and CEOs require tested, reliable input from outside sources to remain at the top of their game. The best performing businesses receive spot-on advice from trusted sources in the form of boards. Creating the right blend of experience and personalities on a board is not easy because boards come in a variety of packages.
Achieving success in the global marketplace requires real-world experience with the challenges of working in foreign markets. Specialized knowledge is essential to ensuring liquidity, navigating the local trading markets, and managing social, political and economic risk.
“I have views on most matters, and I am as willing as a politician to change most of them.” -James Agate
Most business owners know when they are in trouble, but often do not take action early enough. Many factors can contribute to ‘distress creep’ for businesses. The legislative pressure brought to bear on some businesses by the Sarbanes-Oxley act and – of being pushed – or dragged – into the world economy, are just a couple.