Description
ALL family run organization looking for grwoth and control over business with risk Management
prctices.
Diversified Professionally Managed Business
Review- Best Practices
Facts & Challenges
Tech/Technology Marketing/Branding/Supply Chain Compliances Other Support Resources Finance Advices Implementations These are managed by respective knowledge based skilled people
BUDGETED Wishes
What are the challenges
Communication of expectations Selection of right team Understanding of expectations What/when/how/whom to communicate Monitoring discipline Retain People for good time to bad time
Intensive Review Mechanism
Do not delegate powers but put empowerment process Placing of manuals for operation (not ISO Manual) Visual display bring out from files 10, why? Exceptional/escalation deal separately either killed or became part of business rules Communication of business rules
Flow our organization chart as under
c it He d ti a et. He d as e tio a He d ra n l a u in s He d s es a F c to a ilita rs we n rs
HOW TO DO IT
Review Mechanism of each level
Activity Action/Process What How When Whom
Macro Review 1 Marketing/Sales 2 Purchase/Sourcing 3 Current Assets
Tools Market Audits/ Trends Market Audits/ Trends Excel Sheet
Micro Reviews As per Business Rules As per Business Rules As per Business Rules
REVIEWS««
Macro Review 4 Cost & Overheads 5 Controls Review: Internal Audit Compliances Empowerment Review 6 Technology Review 7 Net worth Review Group Excel Sheet As per Business Rules As per Business Rules Designed Formats As per Business Rules Tools Excel Sheet Micro Reviews As per Business Rules
Review Pace
Topic Suggested What on What on What on Daily Weekly 15 days Fixed the time Supply Chain Fixed the day Fixed the day Availability/ Resources
What on
Monthly
Performance of activities/business group Fixed the date Performance of business groups/ current assets/ HR policies
Deployment Time & Energy Spent
Survey 15% time & 14% time & 21% time & 21% 24% 19% Energy loss in repetitive directions & decision Energy loss in compliance issue Energy loss in meeting/ communication on solving inter person issues Loss in Para activities To get on market & customers Match sourcing/supply chain Std 5% 3% 12%
50% time 20% time & 15% time &
64% 22% 20%
20% 25% 20%
Deployment Time & Energy Spent
Survey 10% time & 5% time & 100% time 15% 12% 133% Managing finance Business development/ future business risk assessment * Std 10% 25% 100%
* Leading to stress and lots of other issues
Risk Assessment & its Management
We live in with shock & surprises We wake up with accidents We die too with accidents Incidentally some times there are savings Right from making vision statements to paying last money to income tax ³Risk Assessment´ is effective tool Risk is not inevitable can be managed & minimized Basic macro principles 1 Thoroughly understand & draw all business processes
Risk Assessment & its Management
2 Identification of Critical Severity Manageable Risk Fire/flood/ accidents
Technology Competitions Change of govt policy Global events
Compliances
International/ Stock/assets/ unknown laws book debits Frauds Loss of profits, etc
Risk Assessment & its Management
3 Adoption/ mitigation methods Participation in trade fairs /exhibition Review of key differentiation USP with competition Leverage of funds Enter/exit policy 4 Actions What Why When Whom How Appropriate controls Manuals Insurance
Provisions
Periodical reviews and Update
Preventive guidelines at operations
Risk Matrix
Global Trends Currency Growth factors Commodity Prices Core to Business Market competition Pricing Treasury/Banking Work Force Operational Trade Inventory Supply Logistics Credits/ Chain Compliances Laws& regulation Taxes Political
Management Approach
Alignment between goals risk & controls across the functions Priority with owners and Sr Management Communication both between Sr Management and the owner and operation level
COST IMPROVEMENT
? SEE DTAILED PPT IN NEXT FILE
TOOLS/KITS
? 1 ERP 2 TQM 3 KRA S 4 SUPPLY CHAIN/ LOGESTICS 5 ISO 6 INTERNAL AUDIT 7 CRM 8 GRIDS
doc_553555349.ppt
ALL family run organization looking for grwoth and control over business with risk Management
prctices.
Diversified Professionally Managed Business
Review- Best Practices
Facts & Challenges
Tech/Technology Marketing/Branding/Supply Chain Compliances Other Support Resources Finance Advices Implementations These are managed by respective knowledge based skilled people
BUDGETED Wishes
What are the challenges
Communication of expectations Selection of right team Understanding of expectations What/when/how/whom to communicate Monitoring discipline Retain People for good time to bad time
Intensive Review Mechanism
Do not delegate powers but put empowerment process Placing of manuals for operation (not ISO Manual) Visual display bring out from files 10, why? Exceptional/escalation deal separately either killed or became part of business rules Communication of business rules
Flow our organization chart as under
c it He d ti a et. He d as e tio a He d ra n l a u in s He d s es a F c to a ilita rs we n rs
HOW TO DO IT
Review Mechanism of each level
Activity Action/Process What How When Whom
Macro Review 1 Marketing/Sales 2 Purchase/Sourcing 3 Current Assets
Tools Market Audits/ Trends Market Audits/ Trends Excel Sheet
Micro Reviews As per Business Rules As per Business Rules As per Business Rules
REVIEWS««
Macro Review 4 Cost & Overheads 5 Controls Review: Internal Audit Compliances Empowerment Review 6 Technology Review 7 Net worth Review Group Excel Sheet As per Business Rules As per Business Rules Designed Formats As per Business Rules Tools Excel Sheet Micro Reviews As per Business Rules
Review Pace
Topic Suggested What on What on What on Daily Weekly 15 days Fixed the time Supply Chain Fixed the day Fixed the day Availability/ Resources
What on
Monthly
Performance of activities/business group Fixed the date Performance of business groups/ current assets/ HR policies
Deployment Time & Energy Spent
Survey 15% time & 14% time & 21% time & 21% 24% 19% Energy loss in repetitive directions & decision Energy loss in compliance issue Energy loss in meeting/ communication on solving inter person issues Loss in Para activities To get on market & customers Match sourcing/supply chain Std 5% 3% 12%
50% time 20% time & 15% time &
64% 22% 20%
20% 25% 20%
Deployment Time & Energy Spent
Survey 10% time & 5% time & 100% time 15% 12% 133% Managing finance Business development/ future business risk assessment * Std 10% 25% 100%
* Leading to stress and lots of other issues
Risk Assessment & its Management
We live in with shock & surprises We wake up with accidents We die too with accidents Incidentally some times there are savings Right from making vision statements to paying last money to income tax ³Risk Assessment´ is effective tool Risk is not inevitable can be managed & minimized Basic macro principles 1 Thoroughly understand & draw all business processes
Risk Assessment & its Management
2 Identification of Critical Severity Manageable Risk Fire/flood/ accidents
Technology Competitions Change of govt policy Global events
Compliances
International/ Stock/assets/ unknown laws book debits Frauds Loss of profits, etc
Risk Assessment & its Management
3 Adoption/ mitigation methods Participation in trade fairs /exhibition Review of key differentiation USP with competition Leverage of funds Enter/exit policy 4 Actions What Why When Whom How Appropriate controls Manuals Insurance
Provisions
Periodical reviews and Update
Preventive guidelines at operations
Risk Matrix
Global Trends Currency Growth factors Commodity Prices Core to Business Market competition Pricing Treasury/Banking Work Force Operational Trade Inventory Supply Logistics Credits/ Chain Compliances Laws& regulation Taxes Political
Management Approach
Alignment between goals risk & controls across the functions Priority with owners and Sr Management Communication both between Sr Management and the owner and operation level
COST IMPROVEMENT
? SEE DTAILED PPT IN NEXT FILE
TOOLS/KITS
? 1 ERP 2 TQM 3 KRA S 4 SUPPLY CHAIN/ LOGESTICS 5 ISO 6 INTERNAL AUDIT 7 CRM 8 GRIDS
doc_553555349.ppt
