The first of the 7 Habits recommended by Dr Stephen R Covey in his classic self-development reference is to be proactive. “Anytime we think the problem is ‘out there,’ that thought is the problem. We empower what’s out there to control us…The proactive approach is to change from the inside out: to be different, and… Continue reading Proactive risk management – expanding your ‘circle of control’
Month: March 2020
COVID-19 requires updated risk management, strategies and operations
The NFP sector is not immune from the impact of the corona-virus (COVID-19). Developments arising from the spread of the virus constitute a ‘black swan event’, defined by Nassim Nicholas Taleb as an event that “is an outlier,” as it sits outside the realm of regular expectations. Black Swan events are therefore mostly unforeseen, rare,… Continue reading COVID-19 requires updated risk management, strategies and operations
The shared purpose mirror: Ideal decision and execution triangles
It has been widely recognised that good governance decisions involve identification of the ‘sweet spot’ where cost, risk, and benefit trade-offs can be achieved. A ‘mirror’ set of balancing factors is involved however when management is charged with implementation of those decisions – as illustrated above. Best practice strategy execution requires management to identify the… Continue reading The shared purpose mirror: Ideal decision and execution triangles