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No doubt you have heard of groupthink, how the desire to conform - so a group remains of like-mind - can lead to poor decisions. There is another phenomenon at play that I call organisation think, through which the culture of an organisation influences HOW a decision is implemented.

The effect of organisational culture on decision making was powerfully driven home for me by reading Essence of Decision: Explaining the Cuban Missile Crisis (2nd Edition) by Graham Allison and Philip Zelikow. In sho

Portable Fire Extinguishers are the tools that help us to put off the fire in an environment. The incidents of fire are rising in recent times, from household fire incidents to industrial fire incidents. These incidents portrayed the requirement for portable fire extinguishers in each sector.

According to the statement of the National Fire Protection Association (NFPA), 3,390 civilians died and a loss of property of about USD 13.6 billion has been recorded due to the fire incidents in 2016. The f

This is a transcription of our interview with Calvin Lee. You can watch the original video interview here or listen to the podcast episode here.

Boris: Welcome to our interview with Calvin Lee. Calvin is a co-founder and managing director at RiskID, which is a company that markets a collaborative risk management software that focuses on collaboration and ease of use. Calvin, thank you for coming to our interview today.

Calvin: Thank you very much,

Boris: Calvin, could you tell us a short story

Restructuring becomes essential at some stage in the lifecycle of any organization.  In order to emerge triumphant through this tumultuous challenge, it is necessary that the focus remains on the challenges impeding the organization, Strategy Development  to tackle the challenges, and prioritizing Strategic Initiatives to deliver radical results that lead the organization to Operational Excellence.

Redeployment is the most significant phase in the Restructuring process.  Within Redeployment, the

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• The building blocks of third-party risk management programs
• Workflows for vendor onboarding and ongoing monitoring
• The importance of inherent risk and how it should be incorporated into programs
• How to calculate residual risk and use it to to determine ongoing review cadences
• Ways to integrate external ratings and service offerings into your program
• Practical steps you can take to advance your third-party risk management program

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Antibiotics are the combination of certain medicines, which help in fighting against infections caused by bacteria. It is also known as antibacterials. These medicines are useful for curing infections caused by germs like bacteria and some parasites.

Furthermore, they help in treating diseases like skin infection, sore throat, ear infection, etc. They aim to destroy or block the germs which cause infection in your body. However, they have no effect against infections caused by viruses.

Antibiotics

As per the latest statement revealed by the Ministry of New and Renewable Energy (MNRE), a blueprint or draft towards the National Hydrogen Mission is likely to be finalized within February 2021. The document would contain details about all the aspects starting from the required technology, pilot projects to storage related facilities related to Hydrogen Fuel in the country. Post the completion, the document will be further passed on for inter-ministerial consultation and cabinet’s approval. The

बिजनेस चलाने के लिए पैसों की व्यवस्था हर समय होना अनिवार्य होता है। कई बार कारोबारियों की माल की सप्लाई उधारी पर हो जाती है या अधिकतर पैसा कच्चा माल खरीदने में लगा दिया जाता है। कारोबारी जब अधिकतर पूंजी से कच्चा माल ले लेता है तब कारोबारी के पास पैसों की कमी हो जाती है जिसके चलते बिजनेस प्रभावित होने लगता है। ऐसे में जो सबसे भरोसेमंद विकल्प होता है वह बिजनेस लोन का।  

बिजनेस लोन लेकर कारोबारी अपनी आर्थिक जरूरतों को पूरा कर सकते हैं और बिजनेस को रोटेशन पर चला सकते हैं। इसी के साथ बिजनेस लोन और भी 

Organisations need to embrace uncertainty because of the Uncertainty Paradox, which states that the only certainty is uncertainty. No one can predict the future. This is the first concept I explore in my new book Risky Business: How Successful Organisations Embrace Uncertainty.

The most successful organisations learn to systematically confront and get comfortable with uncertainty. They learn to embrace it. They face the drivers of their uncertainty, one by one. Those they can proactively manage,

Wearable payment devices are primarily devices or gadgets, which are worn and can be used to initiate payments. The devices are mostly sophisticated and are utilized by customers to make payment transactions during the shopping of a product or service.

These wearable payments are also known as tap-and-go payment mediums by various retailers and organizations. This payment method delivers secure and safe transactions as they use integrated technologies in the making of wearable payment devices.

Wea

This is a transcription of our interview with Steven Minsky. You can watch the original video interview here or listen to the podcast episode here.

Boris: Welcome to our Interview with Steven Minsky. Steven is a CEO and founder of LogicManager, which is a powerful risk management software with a comprehensive solution that supplies organization with focused and improved risk management processes.

Steven thank you for your time and coming to our interview today.

Steven: Thank you so much i

Concept of Virtual Clinical trials

A clinical trial is referred to as a study designed to show the efficacy and safety of a procedure, diagnostic test, medical device, or, drug. Because of the reason that clinical trials include human research, they should be carefully designed and must adhere to stringent ethical conditions.

Virtual trials, also known as decentralized trials or as “site-less, potentially bring the clinical trial experience to the home of a patient via a central, virtual coordin

GRC tools have truly come of age in the past few years. There was a time when GRC solutions were clunky pieces of software which were hard to implement for businesses and cost millions of dollars to implement. Even though these solutions were so complicated, they did not really provide too much of a benefit and were only beneficial for very large businesses which had a lot of governance, risk, and compliance workloads. However, like all technologies, the price of GRC solutions has gone down, and

It’s time we did something about the persistent perception of risk as a compliance function. Something that is done to keep the board, the audit and risk committee or a regulator happy. Another task in addition to running a successful organisation.

STOP. Before you decide that risk is valued in your organisation - ask yourself if the executive simply say they know and believe in the importance of the risk function or if they truly utilise the outputs from risk processes in their decision making.