Risk Management. BUSINESS RISK MANAGEMENT. Crisis Management. Strategic Risks, Operational Risks - Containing Negative Effects and Converting Risks Into Opportunities

Business Risk Management

Vadim Kotelnikov (VadiK), innopreneur teaching by example

Anticipate risks and prepare to win, contain negative effects, and convert risks to opportunities

For a venturepreneur, the biggest risk is not taking risks. If you venture nothing, you win nothing.

Risk is a just an easy choice between fear of falling down and a chance to take off. Risk avoidance is just an unwillingness to prepare to win.

Two Levels of Business Risks

Strategic risks require corporate leaders to think on a grand scale; these risks require strategic thinking, systems thinking, strategic planning, predictive intelligence, and strategic learning.

Operational risks are implemented at a lower level.

3Bs of Strategic Creativity

Anticipation Skills

Learning SWOT Questions

The Biggest Risk

The biggest risk is not taking risks. If you venture nothing, you win nothing.

What Is Risk Management? A Simple Explanation

"Most innovators are successful to the extent to which they define risks and confine them." ~ Peter Drucker

Three Types of Business Risks

Individual Risk – all trusting relationships have meaningful incentives at stake and the trusting party must understand the risks involved in the relationship.

Managerial Risk – speaks to the reality of uncertain outcomes that are associated with managerial decisions.

Organizational Risk is a characteristic of firms experiencing volatile and often unpredictable income streams.

Know Enemies of Your Business

Metaphorical Cemeteries

Enemies of Innovation

Entrepreneurial Questions

Manage Five Business Development Risks

If you create something unseen before,
prepare to address challenges unmet earlier
~ Vadim Kotelnikov

You face five risks at every stage of your business development:

① Growth risk

② Technology & production risk

③ Marketability & competing risk

④ Financial risk

⑤ Team & management risk.

Anticipate risks and prepare to win

Most big change and radical innovation projects fail because managerial challenges are very high.

InnoBall simulation game helps manage risks. It helps identify enemies, think for them, anticipate their attacks, come out with creative solutions

Risk Management: prepare to win InnobBall simulation game

Risk Management: INNOBALL - innovation brainball simulation game

InnoBall (Innovation Brainball) entrepreneurial simulation super-game helps you conquer the enemies on your way to a desired outcome, and achieve much more than your dreamed of.

"The Sword of Damocles" → Example

Managerial Risk

The logic of managerial risk applies at the level of each individual. Good managers build trusting relationships. Yet, to trust another party makes a person vulnerable to outcomes of that party's actions. Thus managerial risk creates vulnerability.

In addition, managerial decisions taken in an unknown environment result in uncertain outcomes.

Entrepreneurial risk management approaches can help you turn these risks into opportunities.

Project Risk Management

Project risk management analyzes the possible trade-offs between cost, schedule, and uncertainty. Risk management strategy represents some kind of rebalancing, of choosing alternative ways to deliver the same results... More

Address Challenges Positively

AI Predictions

Choosing the Right Protection for High-Risk Work