India Microfinance Market is predicted to expand at a rapid CAGR of over 40% until 2025, primarily because of the growing demand for microfinance loans coming that originate from within the MSME sector. The primary goal of microfinance companies is to provide an opportunity to low-income borrowers to be self-sufficient. This sector plays a crucial role in encouraging growth that is inclusive by providing loans to those who fall in the BPL (Below Poverty Line) category. This sector also helps rur
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Enterprise risk management is an enterprise-related risk management approach. Since its introduction, the approach has been adopted by many industries and sectors as it offers various benefits.
ERM aims to tackle risks strategically and delivers a cohesive picture strategy for the organization's benefit. While it looks identical to governance, risk, and compliance (GRC), the two terms differ very much, with ERM used as a subset of GRC.
The risk management authorities define ERM as a strategic supp
The Covid-19 pandemic induced prolonged #school closures all over the world. The pandemic affected billions of children worldwide, keeping them out of school. As a result, the global #education system evolved dramatically, with the rise of #elearning , in which teaching is done remotely and on digital platforms.
If the coronavirus pandemic has taught us anything, #onlineeducation has progressed from an option to a requirement. Schools, #colleges, and #universities have been forced to implement di
I love coming up with the cute, pithy, epigrammatic or aphoristic titles for my blogs ☺ I also love a good thesaurus!
Last week I espoused the co-creation of a decision map to improve your team’s decisions. That is, to co-create a MENTAL model of how the decision is made and look for ways to improve the decision maker(s) JUDGEMENT.
Improving judgement can be from any number of types of decision support tools. From guidelines to sophisticated data models built using machine learning or AI. The most
Businesses have traditionally valued customer feedback. For various reasons, good complaint management is crucial. The most reasonable explanation is that dealing with client complaints is essential to customer service. Many businesses use complaint data for far more than merely responding to complainants. Such data can indicate issues with service delivery, allowing the company to enhance its operations. Increased coordination in financial firms enables risk and compliance professionals to go o
Editor's Note: If you are interested in becoming an expert on Innovation Management, take a look at Flevy's Innovation Management Frameworks offering here. This is a curated collection of best practice frameworks based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. By learning and applying these concepts, you can stay ahead of the curve. Full details here.
When new technology and rivals disrupt markets, many incumbent businesses struggl
Nancy Duarte
September 21, 2022
Source:
MIT SLOAN
MANAGEMENT REVIEW
As employees of a communication company, everyone on our team feels extra pressure to be a strong communicator. How well we actually listen to what clients tell us determines whether they think we can help them transform.
The truth is, we haven’t been consistently good at this. When two of my senior employees came to me a few years ago and said, “Nancy, we have a listening problem here at Duarte,” I wasn’t shocke
Effective risk management is a top issue for any firm, and the pandemic has highlighted the need to promote a culture of adaptive risk management and implement efficient controls. Risk Control Self Assessment (RCSA) is a method that enterprises may use to identify and analyze operational risks that may jeopardize corporate goals. It is widely used by financial institutions, banks, and businesses. So, what are the advantages of this method, and which Risk Control Self Assessment Software would be
Hello Global Risk Community member,
Maintaining your ERP, CRM and HCM system security is an ongoing process.
Join Fastpath on Thursday November 3rd at 11 AM ET for a webinar where we will share 50 practical security tips delivered rapid-fire and designed for organizations to start improving their security immediately. We will also review principles for good security moving forward.
In this webinar we will review tips such as:
- Specific security settings
- Improving security via setup
- Process
