PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Adaptation Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Professor to Reveal New Approach to Risk Management at World Congress on Total Quality - A variety of business risks can be avoided, compliance costs reduced and performance increased by adopting a new generation of support tools
Professor to Reveal New Approach to Risk Management at World Congress on Total Quality

 

NewswireToday - /newswire/ - Water Newton, Cambridgeshire, United Kingdom, 2008/01/09 - A variety of business risks can be avoided, compliance costs reduced and performance increased by adopting a new generation of support tools.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Insurance/Risk Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Many business risks need no longer keep people awake. Pioneering companies are using a new generation of support tools to avoid a wide range of risks, according to Adaptation's Prof. Colin Coulson-Thomas. Speaking at the World Congress on Total Quality he will show how risks and the burden of checking can be reduced and productivity improved.

According to Coulson-Thomas, “Traditional approaches to risk management have involved checks, reviews and approvals which increase costs and result in delays. Nervous directors who worry about being sued limit local discretion and require various matters to be referred to senior staff or head offices for approval”.

Reviews are built into business processes. Coulson-Thomas explains: “A major bid may be subjected to multiple reviews covering whether or not to bid, technical issues, and commercial and quality risks. Scheduling review meetings can greatly extend the time required to submit a proposal. Bid team members spend precious time satisfying internal hurdles than working to meet the requirements of external prospects.”

Coulson-Thomas believes: “In addition to delays and extra costs, review meetings can inhibit the entrepreneurial spirit and result in a risk averse and stagnant corporate culture. Opportunities are lost – particularly for bespoke responses to individual requirements - because directors and senior management are afraid to let go and trust their colleagues to do what they feel is right for their customers.”

Yet there are alternative approaches that Coulson-Thomas considers to be much more effective at avoiding risks: “Pioneering companies are building controls into the processes and support tools used by key workgroups. Quite simply those using the latest generation of support tools – for example to design a bespoke solution for a particular customer – cannot generate a proposal that would involve items of equipment that are not compatible or the breach of a regulatory requirement.”

Coulson-Thomas finds, “Companies are avoiding technical, commercial, regulatory and relationship risks in activities such as developing and costing bespoke solutions, drafting proposals and preparing sales literature. They are using support tools that make it very easy for important workgroups to do a difficult job. Building controls into such tools enables areas of risk to be addressed before outputs can be produced.”

Risk identification and assessment is a core element of corporate governance. Coulson-Thomas suggests: “Boards should ensure people are equipped to recognise risks and mitigate or negate their consequences. Support tools that focus upon known or likely problems can be distributed via a website or CD-ROM disc. Tool use can provide compliance evidence that risks have been identified, assessed and addressed.”

The Adaptation chairman is convinced: “Directors who are concerned to reduce risks in complex operations should explore the opportunities for building ways of avoiding risks into appropriate support tools. Bespoke tools that increase understanding of complex issues, boost the productivity of key workgroups and make it easy for people to do difficult jobs can also reduce risk, cut compliance costs and increase performance.”

Examples of how job support tools can be used to make it very easy for average performers to adopt winning ways are given in Prof. Coulson-Thomas’ book ‘Winning Companies; Winning People’ (Policy Publications, 2007).

The theme of the 18th World Congress on Total Quality which is being held in New Delhi, India is ‘boardroom strategies for managing risk’. While in India Prof. Coulson-Thomas will also be speaking to directors at the SCOPE Convention Centre in New Delhi and the Conference Room of the Bombay Stock Exchange.

Prof. Colin Coulson-Thomas, an active consultant and experienced chairman of award winning companies, is the author of ‘Developing Directors’, ‘The Knowledge Entrepreneur’, ‘Developing a Corporate Learning Strategy’ and ‘Winning Companies: Winning People’. He has reviewed the processes and practices for winning business of over 100 companies, helped over 100 boards to improve board and/or corporate performance, and spoken at over 200 national, international and corporate conferences in 35 countries.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Insurance/Risk Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Adaptation Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Insurance/Risk Management articles,
CATCH Visitors via Your Competitors Announcements!


Professor to Reveal New Approach to Risk Management at World Congress on Total Quality

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Colin Coulson-Thomas 
+44(0)1733 361149 colinct[.]tiscali.co.uk
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Adaptation Ltd securities in any jurisdiction including any other companies listed or named in this release.

Insurance/Risk Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Adaptation Ltd / Company Profile


Read Insurance/Risk Management Most Recent Related Newswires:

SCOR Named 'Life Reinsurer of the Year 2016' by Asia Insurance Review
SCOR is Named 'North American Life Reinsurer of the Year 2016' by Reactions Magazine
Wunelli Evolves Driver Signature to Take Telematics Apps to Next Stage of Growth
LexisNexis Risk Solutions to Provide Mobile Telematics for Nationwide’s SmartRide Program
LexisNexis Risk Solutions Elevates Insurance Customer Experience with New Active Risk Management Solution
LexisNexis Risk Solutions Launches First Contextual Telematics Insurance Model in U.S.
Resolver’s Perspective™ Incident Management Software Now Fully Integrated with Software House C•CURE 9000 Security and Event Management Solution
PPM 2000 Joins Forces with Resolver
LexisNexis Launches LexisNexis Intelligence Exchange in India for Life Insurers
LexisNexis Risk Solutions Announces New Relationship with Ellie Mae
LexisNexis Claims Datafill Accelerator Receives Ready for Guidewire Designation
Norfolk Police Department Adopts LexisNexis Citizen Crime Reporting Solution
Relevant Healthcare Becomes Preferred Vendor for NASHCO
A.M. Best Provides Further Recognition of SCOR’s Financial Strength SCOR Group
Handshake Software Integrates LexisNexis Digital Library with Microsoft SharePoint Portal & Search

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)