It’s rugby season. The Six Nations Championship is currently on every weekend and the fixtures for your local team are up. But what has this got to do with assessing business risk? Well, there are plenty of comparable themes between the world of business and the world of sport.

 

Choosing the right team players

A rugby team is made up of a number of different types of players, and for a successful team you need players with different strengths. It’s exactly the same in business. It’s highly likely your sales team are confident and sociable, and that your marketing team consists of free thinkers and analytical minds. Your finance department will be great at crunching numbers and those involved in quality control will have exceptional attention to detail.

If you’re unsure if you have the right people in the right roles, the Risk Dashboard can help. People and resources are often the biggest sources of business risk. Our Risk Dashboard Human Resources module is designed to highlight these risks, helping you as the team captain to make sound decisions.

 

Performance is based on success

In sport, every game is analysed. Players are assessed on their performance on every move they make and on every decision. The same is true in business. When a new product is launched or a marketing campaign runs its course, the results will always need to be analysed. For example:

·         Was there a decent return on investment?

·         What was the consumer feedback?

·         Should the budget be readjusted?

In short, did you win the match or could the business – ‘the team’ – have performed better?

The Risk Dashboard has a number of modules to help assess the performance of your business. Our Business Continuity module will look at the bigger picture, our Finance module will help you to discuss the numbers and our Quality module will make sure no corners are cut.

 

Assess the competition

Part of successful business is looking closely at the competition and adjusting your position in the market if necessary. In rugby, it’s important to understand the opposition, to look at their strengths and discuss tactics ahead of the match. In business, it’s a little more subtle, but there’s certainly truth in the saying, ‘keep your friends close and your enemies closer’. The Risk Dashboard can help you to look at any weaknesses in your business, we can work with you to help assess the risks and assess the competition.

 

Consider the unexpected

Sometimes things happen on the pitch that are completely unexpected. It happens. But in business, you can’t afford to be unprepared. The Risk Dashboard works with you to cover every eventuality, to ensure that your team is never caught out. Our modules include:

• Health and Safety
• Information Security
• Fraud
• GDPR
• Human Resources
• Finances
• Transport
• Physical Security
• PCI
• Business Continuity
• Environmental

Our system is designed to easily integrate into your existing structures to make assessing business risk a new strength in your company.

For more information on how the Risk Dashboard can assist your business please don’t hesitate to get in touch. You can visit our website, or contact Neil Campbell, Commercial Director on neil.campbell@riskdashboard.co.uk or info@riskdashboard.co.uk

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