Posts Tagged ‘business strategy’

Risk-Based Performance ManagementAfter the credit crisis of 2008, the business world changed dramatically. Senior leadership in most organizations faced more risk than ever and needed an effective way to manage it. In Risk-Based Performance Management, Andrew Smart and James Creelman have created a framework that helps senior management understand, manage, and control the risks facing their organizations while still gaining a competitive advantage. This guide gives executive teams the specific framework needed to align their risk-taking to strategy, enabling them to achieve success while still operating within their established risk appetites. The risk-based performance management (RBPM) approach and methodology serve as a modern and effective alternative to the past risk management strategies that proved to be less than ideal.

RBPM encompasses the following:

  • Appetite: Organizations that deploy the RBPM approach develop a deep understanding and appreciation of the risk associated with the strategic choices that they decide to take. They also are able to continue operating within their risk appetites while working toward their strategic goals.
  • Indicators: RBPM is designed to work with key performance indicators (KPIs), key risk indicators (KRIs), and key control indicators (KCIs). Indicators can be deployed as effective decision-support tools through the RBPM framework.
  • Performance management: Objectives and their KPIs are continually monitored, root causes of underperformance are identified, and necessary adjustments are made.
  • Risk management: RBPM describes this as understanding and exploiting opportunities and threats.
  • Strategy and risk alignment: Through appetite, an organization can align risk-taking with strategy.
  • Governance, culture, and communication: If an organization fails in these “soft” disciplines, it will disregard risk appetite and cause the risk management strategy to fail.

To download three free summaries, please visit our site.

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Topic: The Risk-Driven Business Model

Who: Karan Girotra, author, professor of technology and operations management at INSEAD, and founder of Terrapass, Inc.

When: Tuesday, September 16, 2014

Time: 1:00 pm Eastern Standard Time

Register Now



Most companies think of innovation as being about new technology or developing new products— but the most disruptive organizations of the 21st century have innovated much more than their products or technology. From Ford Motors to Toyota to Uber the automotive industry among many others has been continually disrupted by companies that change the way they “did things,” or their business model.

This WebEx will explore the following questions:

  • How new business models can be an even more disruptive force than new technology?
  • Where the biggest business model innovation opportunities lie?
  • How to create an organization that identifies these game-changing opportunities

Based on Karan Girotra’s co-authored book The Risk-Driven Business Model. Coming Soon to BizSum.com.

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Over the past few years, China has transformed itself into a powerful, consumer-oriented culture, and many Western companies have flocked to China to take advantage of this new marketplace. However, entrepreneurs from the United States and Western countries often fail to realize that transacting business in China is a far cry from making deals at home. Ted Plafker, a Beijing correspondent for The Economist, leverages his extensive experience in Chinese culture and entrepreneurship to offer a primer for newcomers who are planning to expand their business into China. According to his book, Doing Business in China, “As many foreign companies have already proven, success in China is possible, but only for those with the patience, persistence, and resources to see it through.”

For a free trial of EBSCO Business Book Summaries click here.

Related book summaries in the BBS library: The Coming China Wars, Getting China and India Right, Superfusion

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In Predictable Success, Les McKeown explains that any business, any organization—any group of any sort—that grows and reaches for success is going to go through certain steps and will have to endure certain changes as it grows. There is a specific sequence to these steps, and with the right people operating within the right structures, any business can make its way through these steps to Predictable Success. McKeown describes what each step looks and feels like to those who are in it, and he offers remedies to companies who have attained success and then lost it, offering hope to company leaders who want to get back on top.

For a free trial of EBSCO Business Book Summaries click here.

Related book summaries in the BBS library: The Success Principles, Seduced by Success, The Strategy Paradox

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