Risk management is an area of business that offers a firm great savings potential when making complicated decisions. The tenets of the traditional philosophy allow consultants to bring a different kind of focus to their analysis, asking them to look for areas in which a firm might be exposed to greater risk during the course of a project or process.
At Cane Bay Partners, there is a wealth of team experience working with the identification of risk factors that can then be compared to alternative options to provide a quantified experience for managers that want to optimize their company’s performance through a different lens- success.
When Does Risk Management Apply?
As consultants, risk management work for major clients comes about through their request or through our own analysis. Because there are a multiplicity of reasons that someone would want to have risk management practices applied to their specific project, there will be times where taking the first step to identify the indicators that are necessary could be better performed by contacting us first.
We can not only provide you with means-based models that help to define your environment effectively, we can also train your staff in what to look for to determine whether or not most of the apparatus used in formal risk management actually applies well to each process or project that you are considering it for.
It goes without saying that once those factors are identified, they can be measured to provide you with a detailed analyses.
Because time is money and efficiency is another hallmark of any consulting firm, answering the question ‘When does risk management apply?’ often includes discussion of the concept of ROI or Return on Investment. Cane Partners can not only provide you with risk analysis services then, but they can also build in analysis of that analysis to show you what your return on investment is for having undertaken the journey. If you are training in-house people to recognize risk, in a short amount of time, they will have developed a data set that helps provide financial impetus for doing analyses in specific situations.
Strategic Planning using Risk Management Inputs
Another area where companies traditionally can use outside input is when risk analysis meets the strategic planning process. Moving forward cannot be done without strategic planning and utilizing the know-how and experience of a team like that of Cane Partners can help bring the type of decision-making advice prowess that has been relied upon worldwide for a number of years.
So if you feel there may be a need for risk management services in the future, consider contacting Cane Partners for a consultation.
It may be one of the most necessary “unfair” questions ever asked in a courtroom, and it certainly has people lining up on both sides of the issue. Are drug makers responsible for the “epidemic” of prescription painkiller abuse? This situation is causing quite a Healthcare PR uproar.
According to a report in Bloomberg Businessweek, Orange and Santa Clara counties in California have filed a suit alleging that pharmaceutical companies intentionally set out to turn rarely prescribed painkillers into “commonplace remedies.” The companies, according to the suit, downplayed the risk of addiction, and promoted the benefits of “chronic relief.”The suit goes on to allege that the drug companies intentionally deceived consumers, and even tried to undermine and reverse the common medical understanding of opioid drugs.
Both sides of the argument understand full well that this case will reach well beyond the courtroom. With expected wall to wall news coverage, the consumer PR angle is vitally important. Many people already suspect they are being treated more like consumers than patients. To find out it is literally true would create a firestorm of backlash. Whether or not the California counties “win” the case or the drug companies in question have to pay any sort of penalties, there will be an extensive and very public conversation about this case. And, whether or not the drug companies are found liable in the court, they will be held to account in the court of public opinion. Of course, they knew this, and are likely prepared, but it will be interesting to see how and when each side releases PR in an attempt to control the public opinion conversation.
There is no doubt that this fight will get ugly, and that both sides will end up playing both offense and defense. Motives will be loudly questioned, and accusations will be leveled. Should be interesting – and informative – to watch it all unfold.
Starbuck’s cups say “Come Together”
Starbucks CEO Howard Schultz demonstrated marketing genius this week. He took his common drink of choice for millions of Americans and turned it into the news of the day.
The biggest obstacle to generating consistent publicity for any brand is the often aggressive attack of current events that consumes the media. When war in Israel breaks out or a massacre at a shopping mall or school occurs, news channels develop heartfelt collages choreographed to a stirring musical theme to begin and end each commercial break and that item becomes the only news angle of the day, week or even month. Take the fiscal cliff, and see how Starbucks made it their story. (Read more here)
By Juda Engelmayer (about the author)
In invoking the “God’s plan” message, George Zimmerman and his team of public relations specialists made a critical decision. The man who shot and killed the unarmed youth Treyvon Martin in Sanford, Florida offered an exclusive interview to Fox News’ Sean Hannity and expressed little remorse while telling America that the events leading to, and Martin’s death were part of God’s plan. What he did do was attempt to draw support from a different direction; the usually right leaning Christian groups, who are also often strong supporters of the Second Amendment.
The natural support base for Martin comes from the African American communities, and the fact that Al Sharpton took up the cause reinforces the image of the civil rights agenda, black versus white, and the underprivileged versus the middle and upper class. Martin’s cause became known and big, getting all the way up to the President of the United States’ bully pulpit, and millions on the left rallied behind the boy’s family seeking justice for Treyvon. Then came the pictures of Zimmerman walking through the police station, some had him looking uninjured and others showed him with a few band-aids on his head questioned Zimmerman’s version of events that fateful night. (Continue Reading