Enterprise Risk management

Whether in personal or corporate endeavours, all activities are prone to both failures and unplanned outcomes.  This is due to the effect of 'risk's which is unavoidable. Risks can be natural calamities, mistakes or willful actions by man, and they all can bear bad impacts to us. Some impacts may be minor but others can be disastrous.

Risks cannot be waved away but they can be managed. Some can be totally avoided, some lessened in damage impact or be reduced in probability of occurrence. Unless we manage risks, they will remain to haunt us and, often, severely damage us in some ways. 

We - whether as individuals or corporations - all carry our risk management. But for corporations, it can become rather difficult because unless there is someone (i.e. risk owner) who has responsibility for a risk, it is invariably ignored. Risk management in a corporation is a difficult task....unless top management puts in place a system of risk management. This is then regarded as an enterprise-wide risk management or Enterprise Risk Management as widely known.

Jacob Business Armor has the technical knowledge and software solutions to assist organisations in implementing risk management programmes.

Business Continuity Management (BCM): identify the threats, risks and vulnerabilities faced by your business with Jaba.com!

BCM is a holistic approach adopted by an organisation to identify potential risks and threats that could disrupt business operations, eliminate or lessen these risks and threats where possible, and to prepare contingency plans to deal with any incident arising so as to safeguard business objectives. In other words, BCM is a defence protocol which an organisation adopts, as amongst its SOPs, so as to be able to survive disastrous or debilitating threats to its operational longevity from the internal and external environment.

Jaba.com is an ideal place to look for your Business Continuity Management solutions and successfully apply the strategies.

Business Resilience: Survival Comes Before Prosperity!

As like all human activities, an organization if fraught with risks to its well-being and even its very survival. Managing a business is managing its business risks.

The ability of an organization to respond quickly to an disruptive incident, taking prompt, decisive and effective actions to deal with it will survive and prosper. This organisation will have better assurance of maintaining continuous business operations that will safeguard its value creating assets, human capital, and brand equity. This is known as Business Resilience.

Business resilience is a step forward beyond the disaster recovery, as the adage says 'prevention is better than cure'. Hence, risk management is its precursor to resilience, as well as crisis management to respond to an emerging crisis situation.  With business resilience, business operations are maintained at their peak, with no or manageable disruptions.

Jaba.com has since 1993; over 23 years of expertise that is helpful in helping build business resilience in your organization. Coupled with propriety software solutions, clients are able to identify business risks, big to small, disastrous and minor, and take definitive actions to eliminate them, or mitigate their impact, and to develop response plans to deal with them should they show themselves up.

ISO Certificates Helps in Business Promotion

These days, intense market competition is wearisome matter for business managers. In an integrated global market that is empowered by internet and efficient shipping facilities, companies need to compete with competitors in distant areas.  Companies that do not stand out are left on the by-lines, and they gradually fade away.

Today, companies must make of themselves a world-class status, fore-runner in whatever business fields they are in, producing top-notch products or services, and still charge low, affordable prices.

Amongst the few limited ways to survive and succeed, companies can adopt world-class practices, comply with international standards, and show markings of their top-notch position. This will help them stand head over their competitors.

There are international standards that companies can try to achieve. The key ones: ISO9001 (Quality Management Systems), ISO31000 (Enterprise Risk Management),  and ISO22301 (Business Continuity Management).  While ISO9001 and ISO22301 are certifiable systems, ISO31000 can be evaluated by internationally renown certification bodies for a certificate of compliance.

We, at Jacob Business Armour can help you attain certifications that will place your company in good light globally.

Follow ERM Program and Make Your Business Risk Free

Business owners face risks all day in their business. It is unavoidable because every business decision and action incur a risk of failure. The issue is that decisions and actions are carried out by all employees at all levels, some major ones and others less impactful.

Whenever an operational risk is triggered, it always manifest itself as a 'fire-fighting' episode. In today's business world, busy fire-fighting is the norm in almost all organisation. Everything a fire-fighting episode occurs, resources are wasted and opportunities lost. These affect the bottom-line results and also employee morale.

There are big risks that can result in major financial, operational or reputation implications. These potentially cause more than the frustrating fire-fighting symptoms. These can cause a total collapse and bankruptcy of organisations, affecting also personal income and well-being.

The way to prevent or mitigate risks - be they small, medium, major or catastrophic is to manage them. There is only one effective solution to manage business risks, which is to carry out an Enterprise Risk Management ("ERM") programme.

At Jacob Business Armour, we help organisations implement ERM programme. We identify, analyse, and prescribe treatment solutions to either prevent the risks altogether or to reduce the risk likelihood or mitigate the risk impact. Call us for a discussion, and join the many who have benefited from an ERM programme.