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Making sense of Opportunity and Risk. Strategy, Tactics and Practice.  Tim Cowen  General Counsel & Commercial Director, BT Global Services & Chairman, IACCM  Making sense
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Generally
WEF, GLOBAL RISKS 2007, Correlation Matrix
Risk?
Strategy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Tactics: 3 M’s of Commitment Management: Make, Meet & Manage.  ,[object Object],[object Object],[object Object],[object Object]
Tactics: (Intelligently ) Apply Best Practice Process ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Tactics (Execution) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Buyer power and its challenges: Public Procurement ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Practice: Risk v Opportunity ,[object Object],[object Object],[object Object]
Practice: Regulations and compliance require global coverage ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Practice: Benefits of Trust Reduced costs Enhanced brand and reputation Gain business  integrity through business security Implement secure  communication and  management strategies Collaboration internally & externally Improved productivity and job satisfaction Protection of customers’  data Increased  financial  transparency
Practice: Common Risk Perception Problems ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Flawed Approaches Lead to Poor Risk Management Examples ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Practice: Benefits of risk resilience ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Practice: the links to Corporate Governance Turnbull Guidance Sarbanes-Oxley Assessment and disclosure of risk  to shareholders
Practice: Companies tend to focus too much on price but customers also require quality and continuity which makes company collaboration with suppliers essential to effectively manage risk Rob Handfield, Bank of America University (5)
The Role of the Commercial and Legal Community in Practice ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
References ,[object Object],[object Object],[object Object],[object Object],[object Object]

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Iaccm Risk Slides

  • 1. Making sense of Opportunity and Risk. Strategy, Tactics and Practice. Tim Cowen General Counsel & Commercial Director, BT Global Services & Chairman, IACCM Making sense
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  • 3. WEF, GLOBAL RISKS 2007, Correlation Matrix
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  • 12. Practice: Benefits of Trust Reduced costs Enhanced brand and reputation Gain business integrity through business security Implement secure communication and management strategies Collaboration internally & externally Improved productivity and job satisfaction Protection of customers’ data Increased financial transparency
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  • 16. Practice: the links to Corporate Governance Turnbull Guidance Sarbanes-Oxley Assessment and disclosure of risk to shareholders
  • 17. Practice: Companies tend to focus too much on price but customers also require quality and continuity which makes company collaboration with suppliers essential to effectively manage risk Rob Handfield, Bank of America University (5)
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Editor's Notes

  1. Risk resilience isn’t just about the elimination of risk – it’s about the effective management and mitigation of risk as a business process . This presentation will examine the growing focus that risk resilience is attracting in business, identify the wide range of risks that need to be managed, and show how BT has the portfolio, people, partners and reach to help you create and implement an appropriate risk management strategy to improve your business performance and gain competitive edge. In fact one of the important things that I think differentiates our approach at BT is that we’re not just a supplier. As a global company ourselves we’ve been facing the same issues as you and a significant value that we can add, I believe, lies in the fact that we’re not just a supplier, but a practitioner too. When you get your process right, it will no longer feel like gambling. In other words it’s not jumping off a cliff without a parachute. It’s managing risk and making it work for you.