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Monthly Archives: February 2021

Meet Disruptive Change Head On

Business today is in a disruptive phase and small business owners cannot avoid the disruption. Changes to business models and industries have been caused by technology (the move from the use of desktop PC's to mobile technology), the sharing economy (Uber and Air BNB), the platform model (Trip Advisor, Hotels.com), international trends like the Coronavirus pandemic and the rise and fall of new and old industrial giants. In a small business, for example, if you ignore mobile technology and focus your website to the PC, customers used to scrolling through sales sites on their phones will turn away from old-fashioned websites that don't respond to their phone screens. Even in a small business, if you are in a disrupted industry, you will have to act to meet disruptive change head-on, or risk becoming a minor competitor to leading businesses in your industry. (more…)...
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The Risk Management Planning Process

OTS Management has produced an online training/workshop for the use of Indigenous organisations in their Risk Management Planning. The video embedded into this article is an excerpt from the lesson introducing the process of Risk Management Planning and has been edited to under 10 minutes from the original 20-minute lesson. We use it in this article to help introduce the 6 steps in Risk Management Planning, that you can implement yourself. Risk Management Planning is all about "being prepared" so that when the worst-case scenario happens you have contingency plans. In the best-case, Risk Management Planning allows you to have managed the risk so that the impact when it happens has been reduced. (more…)...
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