Download and customize hundreds of business templates for free
A retail business can apply the approach of managing overall project risk by setting a budget that considers the impact of each experiment on the overall portfolio's long-term optionality, near-term impact, resilience, and performance. The financial goal should be to manage the overall project risk instead of individual experiment risks. The business should create a spread of experiments with high and low impact and high and low success rates. Clear rules for when to initiate and stop experiments should be established.
Question was asked on:
When you set a budget, consider each experiment's impact on the overall portfolio's long-term optionality, near-term impact, resilience and performance. Your financial goal must be to manage overall project risk instead of individual experiment risks. Create a spread of experiments with high and low impact and high and low success rates. Have clear rules for when to initiate experiments and when to stop them.
Asked on the following book summary:
How do you prepare your business for black swan events like pandemics or financial crises? Rogue Waves by Jonathan Brill explores how to prepare for a...
Download and customize hundreds of business templates for free
Calculate and document every action to gain a competitive advantage and react confidently to any type of situation. Use our Scenario Planning presentation to gain insights into schedules, budgets and forecasts, key growth factors and potential threats of upcoming events.
Our Risk Management deck reviews the top Risk Management tools from the biggest consulting firms like McKinsey, Bain, and BCG who advise companies like Google, Amazon and Apple to avoid failure. You’ll also read some real-world examples of how these companies conduct their own risk management to succeed where their competitors fail.
Ensure that your business continues to thrive under unfavorable conditions with our Business Continuity deck. This presentation includes practical frameworks to help you perform better impact assessment, risk management, prevention and recovery strategies, and many more.
How to respond to the current economic shifts of tariffs and geopolitical changes? Use this Macro Environment Analysis deck to examine the frameworks that help organizations remain cognizant of external factors, be prepared for challenges, and harness emerging opportunities.