This will be a live streamed session, please use the following link to register:
The terms “business model” and “business value” are used frequently but can mean different things to different people, both within and outside an organisation. Coupled with this is the fast changing nature of the macroeconomic and commercial environment in which most businesses now operate, particularly over the last few years as we have navigated navigate our way through a pandemic and a volatile geopolitical landscape.
These challenges are still very much with us and organisations have to adapt to survive. This is, of course, nothing that new – but we as risk managers are in pole position, and indeed we have a key part to play in helping our boards understand the challenges to business models, and value creation/destruction if articulated appropriately. This comes against a backdrop of managing downside to optimise the upside for businesses and organisations.
In this session we will look to gains consensus on clarify what business models and value creation mean, what successful businesses have done to ride out the challenges of recent years, and the advantageous position of the risk professional in harnessing a holistic view of the organisation and framing it in a way that will make the Board board sit up and listen.
By the end of the session, you will be able to:
- Define a business model and its key characteristics
- Gain insight, through sharing information, of how business models have adapted/are adapting and the business risks involved (including examples)
- Define business value is, why it is so important, and how it can be created and destroyed
- Understand the role of the risk professional in protecting business value, anticipating risks that may impact it, and how to successfully operate day to day as a risk professional within the model at hand to be successful
- How best to articulate this to the board
Speaker - Susan Young, Chief Risk Officer, Randall & Quilter Investment Holdings Ltd.