The Unlikely Profit Heroes In Your Company A few years ago, I was invited to attend the year-end operating review of a major company. The vice presidents were seated around a large mahogany table, with the president at the table’s head. One-by-one, the VPs said, “I made budget.” Finally, the president looked at the group [...]
How to Calculate Risk Based on Where Your Profits Come From
Julian Ferguson2023-11-08T12:42:00+00:00How to Calculate Risk Based on Where Your Profits Come From If most midsize companies have a formal risk management process, why did so many fail even in pre-pandemic years? The problem is that risk heat maps—many companies’ primary tool for assessing risk—have fatal deficiencies. The risk heat map process looks at big, blunt risks [...]