Thursday, 11 July 2013

Time to view uncertainty and change as opportunities not threats - http://www.chaordicsolutions.co.uk/blog/from-our-change-management-consultants/time-to-view-uncertainty-and-change-as-opportunities-not-threats/

http://www.chaordicsolutions.co.uk/blog/from-our-change-management-consultants/time-to-view-uncertainty-and-change-as-opportunities-not-threats/


Change ManagementTime to view uncertainty and change as opportunities not threats: leverage future uncertainty by embracing risk.


 


From Robert J Toogood, Senior Partner – Chaordic Solutions:


Change management remains an integral part of what is needed to achieve successful business transformation … but without addressing the softer, people related aspects/challenges experience shows it is not possible to bring about long lasting alignment changes. 


But change management needn’t be complicated.  Sometimes, the most startling effects can be achieved by going back to basics and reminding ourselves of what we are really trying to achieve, before getting all tangled-up with methodologies and models.


Our real-life experience shows that one of the softer issues/challenges often associated with change is uncertainty … this generates lack of business confidence, which limits investment made in innovation and therefore growth, which in turn creates weaker economic conditions that then potentially threaten us with recession if not addressed.


So uncertainty – what is it and should we fear it, or have we naively believed in the past that we could control the future?  Uncertainty generates lack of business confidence, which limits investment made in innovation and therefore growth … which in turn creates weaker economic conditions that then threatens us with recession.


Over the last few years the majority of us have clearly been taken by surprise – events have occurred locally and globally that we did not predict.  These unexpected, rare events are described as Black Swans by Nassim Nicholas Taleb in “The Black Swan: The Impact of the Highly Improbable” and specifically as “a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was”.  For years, Taleb has studied how we fool ourselves into thinking we know more than we actually do.  “We restrict our thinking to the irrelevant and inconsequential, while large events continue to surprise us and shape our world.”


So we need to change the way we think and therefore view things like uncertainty and change.  As Dr David Hillson says in his book “Exploiting Future Uncertainty: Creating Value from Risk”, “whatever the future holds, one thing is sure: nothing is certain except uncertainty.  Prediction is always hard, especially about the future, but the biggest risk is not taking any risk at all.  All businesses face significant levels of uncertainty these days.  To succeed you need to exploit future uncertainty, turning it to your advantage by managing risk effectively”.


We can help you to leverage these opportunities by embracing this uncertainty … book a free, introductory consultation call to discuss your immediate challenges on a non-obligation and confidential basis – simply call us on +44 (0)1983 617241 to set something up.


More … http://www.chaordicsolutions.co.uk/services.html

Monday, 8 July 2013

IRM GRC SIG event on 25 July has implementation barrier focus - http://www.chaordicsolutions.co.uk/blog/irm-grc-special-interest-group/irm-sig-event-on-25-july-has-implementation-barriers-focus/

http://www.chaordicsolutions.co.uk/blog/irm-grc-special-interest-group/irm-sig-event-on-25-july-has-implementation-barriers-focus/


3813d75You can now book your place for the next IRM GRC SIG event on 25 July at http://irmgrcsigjuly13.eventbrite.co.uk


 



The main focus of this session is to reflect on what we have discovered so far, and to discuss in more detail what we now think the barriers are to implementing a more coordinated approach to GRC.


IMPORTANT: as this session is being kindly hosted in the new Canary Wharf offices of Shell, it is essential for security reasons that if you intend to attend the event in person that you book your place by no later than 17:00 UK time on Monday, 22 July 2013: http://irmgrcsigjuly13.eventbrite.co.ukthe deadline for booking virtual tickets (for participation by Audio and WebLink) is 48 hours later at 17.00 UK time on Wednesday.


I sincerely hope you can participate in the session, either in person or virtually. In the meantime, if you have any queries or questions about this event or any other aspect of our SIG activities then do not hesitate to contact me.


Best Wishes, Robert
Chair, IRM GRC SIG


Email: robert_toogood@chaordicsolutions.co.uk

NEWSFLASH: Our Senior Partner, Robert J Toogood, just been awarded MSc in Risk Management (Distinction) - http://www.chaordicsolutions.co.uk/blog/news/newsflash-our-senior-partner-robert-j-toogood-just-been-awarded-msc-in-risk-management-distinction/

http://www.chaordicsolutions.co.uk/blog/news/newsflash-our-senior-partner-robert-j-toogood-just-been-awarded-msc-in-risk-management-distinction/


POST CER 8 - 2 smallNEWSFLASH: Our Senior Partner, Robert J Toogood, has just been awarded a MSc in Risk Management (Distinction), fantastic independent endorsement of his significant real-life experience/expertise gained over twenty-five years in the areas of governance, risk management and compliance … visit his companion site to see how he can help you overcome your current challenges.


More … www.robertjtoogood.com - currently optimised for normal laptop/desktop viewing, but will be made more mobile-friendly over the coming months.


 

Importance of people-orientated approach for managing M&A change - http://www.chaordicsolutions.co.uk/blog/from-our-ma-consultants/importance-of-people-orientated-approach-for-managing-ma-change/

http://www.chaordicsolutions.co.uk/blog/from-our-ma-consultants/importance-of-people-orientated-approach-for-managing-ma-change/


portfoliomanagementminiImportance of people-orientated approach for managing M&A change: culture and communication must be priority actions.


 


From Robert J Toogood, Senior Partner – Chaordic Solutions:


As we have heard many times recently, revenue and growth is very important for our future survival … this can be achieved in a variety of different ways.   One such way is to embark upon a Business Transformation programme, another is to merge with or acquire a complementary or even a competitor company.


A recent survey report from Deloitte shows how mergers and acquisitions (M&A) can help drive revenue and growth … in this report, the view is shared that as the economic recovery continues, albeit slowly, they expect companies in many industries to rely increasingly on M&A to help drive revenue growth and bottom-line performance.  Survey results show that 52% of executives interviewed expect M&A to add more than 5% to revenue growth on a compound annual basis over the next two to five years.  This is significant when compared to average annual revenue growth of the S&P 500 of approximately 4% over the past 10 years.


The results from another survey, this one from McKinsey, show that in spite of the difficult economy, most executives still think M&A is an important strategy for growth.  In fact, nearly half of the respondents expect their companies to explore more deals in the next 12 months than the previous 12 months, and small majorities expect them to start or complete at least as many, if not more.


However, history shows that the majority of mergers and acquisitions fail to deliver the originally expected benefits and value.  So why is this so?  There have been many surveys and studies that have attempted to understand these underlying reasons; people related challenges tend to dominate the findings.  This therefore emphasises the importance of taking a more people-orientated approach to managing change within these situations, making sure things like culture and communication are properly addressed as priority actions.


We can help you address these challenges effectively so you can ensure you are one of the 20% of organisations that are able to succeed in delivering the original expectations for the deal … book a free, introductory consultation call to discuss your immediate challenges on a non-obligation and confidential basis – simply call us on +44 (0)1983 617241 to set something up.


More … http://www.chaordicsolutions.co.uk/services.html

Benefit from quick access to world class management consultancy expertise, as and when YOU need it - http://www.chaordicsolutions.co.uk/blog/news/benefit-from-quick-access-to-world-class-management-consultancy-expertise-as-and-when-you-need-it/

http://www.chaordicsolutions.co.uk/blog/news/benefit-from-quick-access-to-world-class-management-consultancy-expertise-as-and-when-you-need-it/


image 1 - option 3 smallBenefit from quick access to world class management consultancy expertise, as and when YOU need it; introducing our new innovative CHAORDIC PILOT™ Service.



Sometimes organisations and people need extra help with adapting to our constantly changing and uncertain world, to overcome a particular challenge … and this is where our new CHAORDIC PILOT™ Service can assist.


For over 25 years we have been helping senior executives cope with the organisational change aspects of governance, risk management and compliance, in diverse organisations right across the world  … quite often as part of a regional European or global team.


image 2


 


Our new CHAORDIC PILOT™ Service is:


Flexible - enabling you to move away from the rigidity and prescriptive behaviours of more traditional support services … enjoy complete flexibility to change and adapt in line with your changing needs and goals.


Responsive – protecting you from cold, impersonal and overtly commercially driven arrangements … benefit from an ongoing relationship with someone you trust, that wants to passionately help with your business and its challenges, and can respond quickly to leverage upon this when needed.


Manageable – allowing you to be in control of the level of support you need … together we manage your service via regular review sessions during which we look at how things have gone, confirm or refine areas of focus and agree next steps/actions for the coming period.


image 3


 


We tailor your CHAORDIC PILOT™ Service to meet your unique, specific requirements …covering whatever you need from one or more of our key focus service areas of SUPPORT, IMPLEMENT, REVIEWRESCUE and RESEARCH.


You then secure this commitment from us and simply call off against it, as and when you need it.


 


NEXT STEPS


Contact our Senior Partner, Robert J Toogood on +44 (0)1983 617241 or via email at robert_toogood@chaordicsolutions.co.uk to schedule a call to discuss your immediate challenges on a non-obligation and confidential basis … so together we can start to structure your very own personal CHAORDIC PILOT™ Service to help you meet them.


 

Eight ways to make change work - http://www.chaordicsolutions.co.uk/blog/from-our-change-management-consultants/eight-ways-to-make-change-work/

http://www.chaordicsolutions.co.uk/blog/from-our-change-management-consultants/eight-ways-to-make-change-work/


Change Management


Eight ways to make change work: ways to avoid being one of the 70% of change initiatives that fail.


 



Extract from Knowledge@Wharton:


Studies put the failure rate of organizational change at 70% or higher. Yet, managers face increasing pressure to implement change to meet short- and long-term goals. Gregory P. Shea and Cassie A. Solomon share their approach to dealing with this challenge in Leading Successful Change: 8 Keys to Making Change Work. Jeff Klein, director of the Wharton Graduate Leadership Program, recently spoke with the authors about why we are not as good at change as we need to be, and how we can get better at it.


An edited transcript, podcast and video of the conversation follows.


More … http://knowledge.wharton.upenn.edu/article.cfm?articleid=3305


All materials copyright of the Wharton School of the University of Pennsylvania,

Monday, 1 July 2013

Benefit from emulating mavericks - http://www.chaordicsolutions.co.uk/blog/from-our-business-transformation-consultants/benefit-from-emulating-mavericks/

http://www.chaordicsolutions.co.uk/blog/from-our-business-transformation-consultants/benefit-from-emulating-mavericks/


businesstransformationminiBenefit from emulating mavericks: innovative business models, novel technologies, leveraging experience and ideas.


 


Extract from bcg perspectives by the Boston Consulting Group – Martin Reeves, George Stalk, and Jussi Lehtinen:


In an era in which scale-based leadership is both less durable and less valuable than it once was, many large corporations find themselves looking over their shoulders for the next disruption—the iPhone equivalent that could reshape their industry. In many cases, these disruptions come from mavericks—small outlier companies that think and act differently from incumbents.


A group of strategists met recently in Geneva, Switzerland, to discuss the emerging theory and practice of outlier strategy. The conference featured a “Meet the Mavericks” panel discussion in which four outliers described their experiences in successfully challenging incumbents.


Common to all four companies, the discussion revealed, is that they built a significant and profitable business by changing the way their industry operates. Here are some insights on what large companies can and should learn from outliers.


More … https://www.bcgperspectives.com/content/articles/growth_business_unit_strategy_lessons_from_mavericks_staying_big_by_acting_small


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