Risk management is a planned and a structured process aimed at helping the project team make the right decision at the right time to identify, classify, quantify manage and control risks. Defined broadly, hospital risk management is concerned with a t variety of issues and situations that carry potential liability or casualty losses for an...
Private companies exist to create and grow value for their shareholders. Some of the ways to achieve this core mandate is by growing the business operations through expansion to new markets, developing new products or services or through mergers and acquisitions. When seeking new avenues for growth, most companies conduct outward looking feasibility studies that...
The global Covid-19 pandemic exposed numerous companies to a type of risk that is usually not considered a priority risk and that is Supply Chain risk. This is the risk that your suppliers or buyers of your products will not be able to meet their obligations to you due to factors that are beyond their...
The core mandate for businesses across the world is to maximize their shareholders’ wealth through strategies meant to increase their revenues, while maintaining an efficient operation; in order to optimize their bottom lines. To boost their top lines, businesses make strategic decisions such as development of new products, expansion into new markets or mergers and...
Within the financial services sector, liquidity risk is closely monitored by sector regulators to avoid jeopardizing the stability of the sector and the economy at large. Central banks around the world require that banks maintain a certain level of liquidity in order to meet expected and unexpected withdrawals from customers. The destructive nature of liquidity...
In many ways, 2022 will be similar to 2021; with renewed hope for economic recovery across the world as countries continue to reduce Covid-19 restrictions. At the global arena, we expect two main agenda to dominate decision making by executives in the private sector and policy makers in the public sector: Covid-19 and the climate...
Entrepreneurship and economic growth are intertwined as explained in our article on Understanding the Nexus around Entrepreneurship & Economic Growth in Africa. What we did not explore is how entrepreneurship leads to structural transformation in an economy when it is catalyzed over time. In order to achieve structural transformation within an economy, the kind of...