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Managing Risk

The importance of Managing risk is increasingly one of the biggest challenges for leadership teams. Despite this a staggering 94% of directors don’t believe their board is effective at managing risk.

69% of executives aren’t confident in their current risk management
94% of directors don’t believe their board is effective at managing risk
57% of senior-level executives feel they aren’t prepared to address “risk and compliance”

Common Problems

57% of senior-level executives feel they aren’t prepared to address “risk and compliance” in their organisation. From a leadership perspective, managing risk is fundamentally different from managing strategy. Risk management focuses on the negative threats and failures rather than opportunities and successes. 

One the biggest challenges lies in the fact that managing risk is counter intuitive to the positive, “can do” culture that most leadership teams try to instil in their teams as a means of delivering their strategy. 

Linked to this most leaders are reluctant to divert scarce resources to “hypothetical” scenarios, many of which might be beyond the organisation’s control e.g. pandemic. 

Managers often struggle to rationalise the need to spend valuable time identifying the risks to the same growth strategies that they painstakingly formulated.

 

Having recognised the need to manage risk better the next challenge for leadership teams is how best to address the issue, not least because 69% of executives aren’t confident in their current approaches to risk management.

Invariably there is no “one size fits all” approach. Different threats will require different analytical approaches, be it stress testing different strategic or operational assumptions, scenario planning, longer range assumptions or war gaming to assess the business’s vulnerability to disruptive technologies or changes in competitors’ strategies.

Tool Kit

In addition to leveraging all of their commercial experience the team at Chalkhill Blue regularly utilise a range of world-class tools and techniques to ensure that clients  develop the necessary clarity, focus and most importantly of all the appropriate action plans to successfully mitigate any potential risks.

Risk Impact vs Probability Modelling

GAP Analysis

Soft Systems Methodology

How We Help

We help you create not only clarity and focus, but more importantly we specialise in helping you develop and implement a winning plan.

Clarity

Focus

Action

Book in for a call with our team today

What Our Clients Say About Us

Having helped 1000s of businesses and leadership teams, we think they’re best placed to tell you about the impact we’ve had…

We now have a clear sense of direction in terms of where we’re going, why we’re going there and what we need to do in order to achieve our goals

MD, Construction Business

The real deal…. They bring very sharp intellect tempered with amazing practicality

Founder, Energy Consultancy

They are a real asset to my business

CEO, Digital Marketing Agency

We’ve managed to achieve so much more in a short period of time

MD, Care Home Group

We’re on target to achieve an 80% rise in turnover

MD, Landscaping Business

One of the best things I’ve done for my business is to work with Chalkhill Blue

MD, IT Recruitment

Working with Chalkhill Blue has empowered us as business owners to dare to think bigger and better, giving us the confidence to make big decisions

Director, Industrial Tapes Business

Their sensible and practical approach to what business owners see as the “big issues”, breaks down those barriers and really helps those businesses achieve their full potential

MD, Regional Accountancy Practice

Sharp business acumen, remarkable strategic agility and a genuine bias for action & getting things done

MD, HR Transformation Practice

They instinctively understand the business of business. They have an uncanny ability to get to the heart of a problem and grasp detail. I would not hesitate in recommending them.

Director, Transport Consultancy

Our business has been transformed from a family firm to a performance business, with turnover up by 100% and net profits quadrupling.

Director, E-Learning Business

Chalkhill Blue are sharp, entrepreneurial and strategic. I would not hesitate in recommending them

MD, International Media & Events Business