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Think Like a Pro: Strategic Risk Management Tips Every Business Needs
Manage episode 449725904 series 3604441
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Summary
In this conversation, Michael Venner and Aaron Furphy discuss various aspects of ISO standards, risk assessment, and the aerospace industry. They delve into the importance of evaluating internal and external factors for effective risk management, emphasising the need for organisations to recognise their strengths and weaknesses.
Auvas Website: www.auva.com
Aarons LinkedIn Bio: https://www.linkedin.com/in/aaron-furphy/
@auvacertification
Apple Podcast: https://podcasts.apple.com/gb/podcast/by-all-standards/id1771677594
YouTube: https://www.youtube.com/@auvacertification/podcasts
Spotify: https://open.spotify.com/show/79OUNj3vY9dmESR3okwHJa?si=871837f56dc149b6
LinkedIN: https://www.linkedin.com/company/auva-certification-ltd
Instagram: @auvacert
Michael Venner: https://www.linkedin.com/in/michaelvenner-isocertificationexpert/
Takeaways
- Recognising strengths and weaknesses is crucial for businesses.
- Evaluating internal and external factors helps in risk management.
- ISO standards play a significant role in organisational success.
- Organisational risks differ from product risks in assessments.
- Proactive career pursuits can lead to better opportunities.
- The aerospace industry has unique challenges and considerations.
- PESTLE analysis is a valuable tool for understanding external factors.
- Certifications like AS9100 are important for quality assurance.
- Effective communication is key in risk management discussions.
- Final thoughts should always include actionable tips for organisations.
Chapters
00:00 Introduction to Risk Management
03:01 Understanding ISO Standards and Risk Assessment
05:50 The Importance of Strategic Planning in Risk Management
08:35 Risk-Based Thinking in Business Growth
11:41 Implementing Risk Management Early
13:22 Approaching Risk Management: Tools and Techniques
17:48 Effective Management Controls for Risk
19:05 The Importance of Preventive Measures
21:28 SWOT Analysis in Risk Management
23:31 Identifying Opportunities Amidst Threats
25:01 Engaging Teams in Risk-Based Thinking
28:18 Strategic Risks in New Sectors
32:39 The Importance of Risk Assessments
34:43 Consequences of Poor Risk Management
39:31 Practical Tips for Risk Management
14 episodes
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