Success is a lousy teacher. It seduces smart people into thinking they can’t lose. Bill Gates
Most managers feel well equipped to understand and respond to the regular crises that emerge day to day in the business as usual environment. Risk management processes have permeated most organisations which give middle management a sense of comfort that they have things broadly under control.
But those who read the financial press will be aware of emerging state changes which are not picked up by their normal risk management processes. As such, Directors and Chief Executives reviewing their risk profiles often feel that all of this effort in risk management is missing the big picture.
Emerging risks are known by many names. Strategic planners call them external shocks. Resilience practitioners call them discontinuities. Risk practitioners call them strategic risks. Economists call them corrections. Taleb calls them Black Swan events. Greenspan calls it the age of turbulence.
Whatever you call them, an understanding of emerging strategic risks is critical to leading any organisation.
We have a habit of confusing the unprecedented with the unlikely. Al Gore, Sydney Hilton, July 15, 2009
Todd Davies & Associates draws on a broad range of experts from a range of fields to provide briefings, training and advisory services on:
- Making sense of emerging and interconnected structural shifts, and how to turn these from strategic risks into strategic opportunities
- Making sense of unprecedented risks which are becoming increasingly certain
- Detailed briefings on each of these structural shifts
- Assessing and developing the capabilities in organisations to assess strategic risk on an ongoing basis.
To find out more, call Todd on 0422 000 913, or email us to arrange a meeting.
What our clients are saying
“We brought Todd Davies in to conduct the “Understanding Strategic Risk” training sessions and they proved to be very worthwhile. Our audit staff appreciated the insights into sources of strategic risk from a local to a global level. No less than six methods of developing strategic capability were discussed providing something for everyone dependent upon your methodology, fit and preferences. Sound value.” Allan Reidy | Head of Westpac Retail & Business Banking and Product & Operations Audit, Westpac Banking Corporation
Find out more first
Watch a 15 minute video presentation from Todd on gaps arising from typical risk management processes
Listen to a 25 minute audio interview with Todd on some of the key issues for leaders today
Read a brief article on strategic risk and how this fits in with regulation and standard setting