Complex Environmental Challenges-Need for Integrated Risk Council
Posted by: Dr. Jayshree Pandya in Country Risk Review, Global Risk Review, Industry Risk Review on May 12th, 2010
Earth’s environment has probably been changing for years due to many reasons- some reasons that are known and understood by scientific community and some reasons that are not known and which scientific community is still trying to understand- Some environmental changes that are internal changes and some that are external changes. The question is whether all these known-unknowns as well as internal-external changes happening in earth’s environment should be considered normal, common as well as cyclical- Nations need to evaluate this in a collective non partisan way. It is important that nations understand earth as well as its environment, its dependencies in the emerging global age- And to understand earth, its systems, its environment, its dependencies, what impacts earth and its environment’s balance as well as the underlying science in a non partisan neutral manner has become very important for every nation today.
Over the last few years, nations have witnessed increasingly heated debate on the role of humans as well as nations industries in alleged deterioration of earth’s environment. Although the role of humans and industries has been questioned by many, the question is, whether scientific community can say with certainty that these environmental changes are not due to natural or other unknown reasons and that their scientific conclusions are not tainted by their political ideology. This makes it absolutely essential that nations do critical risk centric assessment of their science findings that has such broad and significant impact across nations.
Environmental changes have occurred in the past, are occurring now and probably will occur in the future due to various known and unknown factors. Some unknowns that nations and its scientists will be able to figure out and understand; and many more unknowns that nations and its scientists will probably never be able to figure out and understand-
At this point, nations probably can neither agree nor disagree with the so called global warming hypothesis or climate change theories decisively. Nor can nations agree or disagree on the proposed climate change solutions that are being proposed today as the scientific information in totality is not sufficient for any nation to come to an informed conclusion. What is probably clear at this point is that the complex environmental challenges makes it essential for nations to have a fundamental integrated risk governance framework that can not only identify critical environmental risks, but can also effectively assess, prioritize and manage environmental risks, in a collective non partisan way.
This should be the first step nation’s needs to take to bring the necessary confidence in the environmental problem as well as the proposed solutions-
Let me know your thoughts
Jayshree Pandya PhD
Global Risk Advisor
Nations Governance becoming Ineffective and Irrelevant-
Posted by: Dr. Jayshree Pandya in Country Risk Review, Global Risk Review, Industry Risk Review on April 28th, 2010
Nations are going through a time of rapid change, fierce competition and complex interrelated, integrated and interdependent risks in the global age. And in this time of change, nations lack the fundamental framework that is required for understanding these complex changes, fierce competition and interdependent interrelated risks. And nations are clueless and ignorant about this need for change. This has made nations governance almost ineffective and irrelevant.
The traditional approach of reactive regulations after crisis happens did not make sense in isolation age and does not make sense in global age. Any such reactive regulation lacks the fundamental capability of effectively controlling or managing any critical risks or crises; nor do they prevent any systems or markets failures.
Nations need to redefine the way it governs…
Let me know your thoughts. Please specify which nation you are addressing.
Jayshree Pandya PhD
Global Risk Advisor
Too big to fail: A global age challenge facing isolation age response
Posted by: Dr. Jayshree Pandya in Country Risk Review, Global Risk Review, Industry Risk Review on April 19th, 2010
Global age has brought nations industries unprecedented opportunities to grow across national boundaries and becoming as some say “too big”-
There is a movement in some nations to prevent these industries from growing and becoming “too big”. While “too big to fail” is understandably creating fear and panic across nations, is this the right approach to prevent industry risks?
While nation’s tax payers should never have to bail out these industries under any circumstances, the question that arises is whether preventing growth and not letting industries become too big, a sensible solution?
It is important that nations understand global age challenges and propose effective global age solutions to global age problems. With an eye on the future I look forward to a meaningful dialogue to address critical global age risks. Let me know your thoughts.
Please specify which nation or industry you are addressing.
Jayshree Pandya PhD
Global Risk Advisor
Partisan policies puts nation’s @risk in a global age
Posted by: Dr. Jayshree Pandya in Country Risk Review, Global Risk Review, Industry Risk Review on March 23rd, 2010
Partisan policies put nations @ risk in a global age.
While the democratic party in United States have managed to pass a health care bill with questionable practices and procedures; the divided governance of United states, questionable practices of lawmakers, expanding role of government, increased government spending, expanding tentacles of socialism, and most important a divided nation, brings critical risks to United States of America.
United States has clearly failed in leading nations to a global age compatible policy design and implementation framework. This is probably the beginning of decline of United States leadership and its ability to lead in a global age-
With an eye on the future I look forward to a meaningful dialogue to address critical global risks. Let me know your thoughts.
Jayshree Pandya PhD
Global Risk Advisor
Nations governance and its role in nations recurring crisis-
Posted by: Dr. Jayshree Pandya in Country Risk Review, Global Risk Review, Uncategorized on February 18th, 2010
Has nations reached a tipping point in the way they govern?
Recurring crisis across nations necessitates a need to redefine the way nations govern. It is time we understand, acknowledge and manage the complex governance challenges to our nations and effectively manage nation’s recurring crisis.
1. Do you see your nation’s governance playing a role in your nations recurring crisis?
2. Do you think your nation’s governance has the capability to understand and acknowledge your nations challenges?
3. Do you think any meaningful steps are being taken to manage the governance challenges of your nation?
Please specify which nation you are addressing.
With an eye on the future I look forward to a meaningful dialogue to address critical national governance risks. Let me know your thoughts.
Jayshree Pandya PhD
Global Risk Advisor
Nations @ risk
Posted by: Dr. Jayshree Pandya in Uncategorized on November 24th, 2009
Nations are at risk-
Innovation, Investment and Inner drive has shifted from developed to developing nations-
Let me know your thoughts on how it impacts your nation.
With an eye on the future, I look forward to a meaningful dialogue to manage critical risks.
Jayshree Pandya PhD
Global Risk Advisor
ZOO LOGIC? – The animals perspective of Global Risk…
Posted by: Dr. Jayshree Pandya in Global Risk Review, Industry Risk Review on November 6th, 2009
Dear Dr. Jayshree,
I am sending this children’s little story to be published at your Risk Blog:
Best regards,
Dr. Marcos
Since December 2008 I have created a site called “PULMAO SA which in English means LUNG-SA : ” Your atmosphere, Your Life ! “
Disposable at: http://www.pulmaosa.com.br
The site’s slogan sums up my role in trying to protect the “real atmosphere of the people, or, in other words, the air that is inside of us make up our real atmosphere.
The SA of the name has the objective to draw attention to the goal of our mission of providing information to the sector 3 S:
State (Government), SA (companies) and schools (children and youth). Thus could be able to build a network of protection around the smoker that permit quit smoking and even do not start this dependence on cigarettes or tobacco products.
As children are my main focus, I created some characters with universal values to talk and tell stories about the dangers of tabacco.
I would like to Invite everyone to know some of them in the litte story below:
ZOO LOGIC ?
Hey friends we will go to another visit to the Zoo but with new perpective: an animal perspective …In the monkeys’ cage monkeys are playing in the jump ropes and branches of trees and begin to observe a group of human adults and children who are “behind bars” draws attention to them …
children are playing with our friends “Lunggy Right”, “Lunggy 2″ and ” Hearty”!
“Lunggy Left” says: Hello, how are you?
Hearty says: I am fine.
Lunnggy Right is enchanted seeing one banana’s piece and also answer he’s also fine.
One of monkeys, the youngest one, call the Lunnggy Right’s attention about an unusual situation …
- “Right” !
-”What is that? “
Right asks: “What?”
The child monkey asked again:
“Right”, the adult human is on fire!
-Help him! Help him! Says the little monkey so afraid and worrying about that strange situation! Because as everybody knows, where there is smoke, there is fire!
Child Monkey, Hearty, Right and Left shouted:
” calls the fire department, call the elephants and seals! “
“Help! Heeeellllpp! “
Right and Left looked at where the “child monkey was pointing with all his ten fingers…
and in fact it seemed that that was a really true situation: an adult was just putting smoke out of your mouth!
Oh no, says another monkey, the adult is also putting smoke into the mouth!
- For the Veterinary’s sake! said the monkeys !
That situation also drew the attention of other zoo’s animals! You know about the perception sense of the animals…They simple know since they were little children what represent a danger, a hazard situation!
And what will they do when see the danger? They keep out the danger. And Fire represent one of greatest dangers to the life!
Right, Left and Heartty understood what are happening.
And explains that was a smoking situation. Smoking constitutes a terrible menace to the life!
All animals moving their heads up and down showing absolutely concordance with them.
Right calls a doctor named “Hakin” to explain that situation…
The Doctor “Hakin” was a medicine doctor.
And Doctor “Hakin” says: Childrrrennn!
“-In fact, both smoke and fire represent a hazard to our lives and also to our health!
* -Childrrennn!
“We MUST keep out of them!
*- People could not smoking!The smoking air contains a substance called Nico, Nico, Nico, AtchIN!(The doctor sneezing!). Sorry, Childrrrennn! As I am saying the smoking air contains NICOTINE!
The Little Elephant says: Oh no! Then, if an adult be smoking close to me could I become sick?
The Doctor “Hakin” says:- Unfortunately “yes”, Childrrrennn!
Little Elephant:-Oh, For veterinary’s sake! My little nose gonna be sick, SICK!
-I am feeling my nose will snooze because of that Nico, Nico, NICO ATCHIN !
Some Children says: -”Hey Right and Left & Heartty! We need start an Educational campaing against the tobacco smoking because it is a hazard thing to our Life, to our HEALTH and to the our atmosphere and the environment !
-We need as the animals take care of our Health and our Enviroment! Responsible Care!
Let’s create a Free Tobacco Zone in the Zoo! Here,Nobody likes smoke or fire ! This will protect the children and adults’ Health, and our friends Right, Left, Heartty !
The Little Monkey baby says: To this act a Great Yuupy Hurray!
From that day on, that Zoo was named by everybody as the Zoo LOGIC !
With All respect,
Dr. Marcos Nascimento,Md.
Chief Editor of http://www.pulmaosa.com.br
Attendence in Tobacco Treatment by Mayo Clinic
Respiratory Care Professor at college of Medicine of PUCPR
Curitiba-Brazil
@ Risk- Education system
Posted by: Dr. Jayshree Pandya in Country Risk Review, Industry Risk Review on September 16th, 2009
Knowledge, Education, Skills and Training are essential and fundamental raw material for any nation’s success in a rapidly globalizing market.
While nations commit and spend a significant portion of their GDP on education system, there is no guarantee that investment in education system brings much needed affordability, adaptation and change that is compatible with the rapidly changing globalizing markets and emerging technologies and industries. This is a risk of great proportions.
•Do you see your nation’s education system compatible with the globalizing economies?
•Do you see your nation’s educators, educating students based on facts and not political ideology?
•Do you see your nation’s education trend dictated by nation’s ruling governance?
•Do you see a need to privatize your nation’s education system?
With an eye on the future, I look forward to a meaningful dialogue to manage critical education risks. Let me know your thoughts.
Jayshree Pandya PhD
Global Risk Advisor
@ Risk-Science research and development
Posted by: Dr. Jayshree Pandya in Country Risk Review on May 28th, 2009
Science research and development plays a vital role in the progress and success of any nation’s economy. Science research innovation journey (from laboratory to market commercialization) is complex but rewarding for any nation.
While nations commit and spend a significant portion of their GDP on science research and development, there is no guarantee that investment in science R&D trend will continue with the change in nation’s governance. This is a risk of great proportions. How can science research and development be ensured completion without any political interference?
•Should political ideology and change in nation’s governance dictate the investment trend in science research and development?
•Should nations R&D institutions be independent and be allowed to work towards directing investments for the research they seem vital?
•Do you see any critical science research impacted by change in governance within your nation?
With an eye on the future, I look forward to a meaningful dialogue to manage critical science R&D risks. Let me know your thoughts.
Jayshree Pandya PhD
Global Risk Advisor
Risk prioritization and response: A global disconnect
Posted by: Dr. Jayshree Pandya in Country Risk Review, Global Risk Review on May 13th, 2009
Risks come in many forms at all levels across industries and nations. Appropriate risk response is vital for the survival and success of every nation. This is a time when every nation needs to be on an offensive, prepared to face not only the critical risks and issues threatening nations, its industries and communities, but also the resulting decline in economic development and threat to the nation’s very existence. It is not the crisis or risk itself, but rather the associated damages that follow exerts an enormous toll on not only survival but development and growth for any nation; irrespective of whether said nation is developed or developing.
Nations have witnessed many crises over the years facing their nations and the global community, and they have also witnessed misdirected efforts by decision makers to manage such crisis. This raises a very important question. Do the decision makers understand that knowing and talking about risks is one thing and pretending to resolve those risks is another. Risk response that is off target does not bring the expected results one way or another. There seems to be a fundamental disconnect between knowing risks, prioritizing them and having targeted risk response strategy. It is important to understand that just as risk prioritization matters, targeted risk response matters even more.
This makes it very important that every nation learn to manage the economic and development impacts of managing risks and crisis. Every nation needs to prepare for the major changes to come. It is time that nations provide a non-partisan disciplined environment for managing critical risks.
•Do you think there is a serious disconnect between what risks needs to be managed critically and what risks are being managed in your nation?
•Do you think the risk response to your nation’s risks is off target?
With an eye on the future I look forward to a meaningful dialogue to manage critical risks. Let me know your thoughts.
Jayshree Pandya PhD
Global Risk Advisor
Science research and development: Nations return on investment at risk in globalizing economies
Posted by: Dr. Jayshree Pandya in Country Risk Review, Global Risk Review on May 5th, 2009
While nations commit and spend a significant portion of their GDP on science research and development, there is no guarantee that the potential commercialization benefits will come to the investing nation. With increasing trend in global and transnational collaboration getting popular how can a nation ensure that its investment in nations R$D is bringing benefits and prosperity to its own nation?
•Do you think science research needs to be addressed as a business and proper safeguards needs to be in place to protect the fruits of it?
•Do you think the steps taken by your nation to protect its knowledge and findings are sufficient and effective?
•Do you think the commercial technologies coming out from publicly funded research be owned by public? Who do you think should control, profit and benefit from publicly funded research?
Let me know your thoughts. Please specify which nation you are addressing.
Jayshree Pandya PhD
Global Risk advisor
Global disconnect: Need to understand, acknowledge and manage interdependencies at all levels!!
Posted by: Dr. Jayshree Pandya in Country Risk Review, Global Risk Review, Industry Risk Review on April 23rd, 2009
There is a troubling disconnect at all levels from within and across nations to within and across industries to businesses. It is time we understand, acknowledge and manage the interdependencies be it within a business, within an industry or within a nation.
1.Do you see disconnect within your nation, its government, industries, organizations, academia (NGIOA)?
2.Do you think NGIOA within you nation has the capability to understand and acknowledge the interdependencies?
3.Do you think any meaningful steps are taken to manage the interdependencies within your NGIOA?
Please specify which nation or industry you are addressing.
With an eye on the future I look forward to a meaningful dialogue to address critical interdependency risks. Let me know your thoughts.
Jayshree Pandya PhD
Global Risk Advisor
Global anarchy: Nations at risk
Posted by: Dr. Jayshree Pandya in Country Risk Review, Global Risk Review on April 15th, 2009
Lack of global governance in a globalizing economy has put nations at risk. The current global recession not only impacts global investments and security but reverses the progress the nations had achieved so far.
In a resource constrained world, the path to global economic progress and prosperity seems to be dwindling as decision makers across the nations, sectors and governments have failed.
From democracy to socialism, communism and more; nations operate and govern with different ideology, structure, system and values that probably makes sense with their nations, its history, culture, heritage, values and challenges.
Global decision makers need to understand the diverse reality of each nation and jointly offer global solutions and structure that would be acceptable to each nation and establish a rule of much needed law, structure and regulation.
A lawful progressive co-existence of nations on this planet earth is called for the very survival of human existence.
Let me know your thoughts.
Jayshree Pandya PhD
Global Risk Advisor
Irresponsible investment: An epidemic of great proportions
Posted by: Dr. Jayshree Pandya in Global Risk Review on March 25th, 2009
Irresponsible investments across the nations and industries have brought the global community facing debilitating choices today… Quick money and profit making has crossed the boundaries of human decency, personal responsibilities and accountability.There is a disconnect of great proportions among the decision makers across the nations and industries.
•Do you think irresponsible investors and investment has something to do with the global crisis?
•Do you think Risk Centric Audit should be mandatory for any investment?
•Do you think your nation and its industries have the capability to understand the investment risks in the globalizing economies?
Let me know your thoughts. Please specify which nation you are addressing.
Jayshree Pandya PhD
Global Risk Advisor
Market manipulation risks-Need for an effective global market surveillance system
Posted by: Dr. Jayshree Pandya in Country Risk Review, Global Risk Review, Industry Risk Review on March 13th, 2009
Nations needs to better manage market manipulation and manipulators in globalizing markets and economies. Controlling, exposing and eradicating market manipulation is vital to the success of any nation and global markets.
• Do you think an effective integrated global surveillance system for monitoring market manipulation and fraud in the global integrated markets is needed?
• Do you think market manipulation and manipulators can be controlled and managed in your nation?
• Do you think we need new legislation to manage market manipulation?
Let me know your thoughts. Please specify which nation you are addressing.
Jayshree Pandya PhD
Global Risk Advisor
Globalizing economies: Changing role of regulations and regulatory agencies
Posted by: Dr. Jayshree Pandya in Country Risk Review on March 12th, 2009
Nations needs to redefine the way it regulates in globalizing economies.
What are the risks and challenges you see in the structure, operation, accountability and performance of the current regulatory bodies within your nation?
What changes you see are critical and needed to the success of industries/nation in the globalizing economies?
Let me know your thoughts. Please specify which nation you are addressing.
Jayshree Pandya PhD
Global Risk Advisor
Need for integration and centralization of public/private science research findings…
Posted by: Dr. Jayshree Pandya in Country Risk Review, Global Risk Review, Industry Risk Review on March 10th, 2009
Progressive research is a blessing to society.
The research challenges nations face in globalizing economies calls for some fundamental common sense in the approach that science takes globally. Science, business and government needs to work hand in hand. Science and business needs are complementary and it is important that they are clearly communicated, goal oriented and constructively met. Integrating, securing, safeguarding and centralizing the research findings of public/private research needs to be a national priority. It is also equally important that there is accountability in science research funding.
This will help in:
1. Avoidance of investments in already solved science research problems
2. Prevent loss in intellectual property due to mismanaged research priorities by both public/private (universities as well as industry)
3. Allow cross industry research /innovation access
4. Meet national and global science goals
What is the state of science within your nation? What are the risks and challenges you see in science research/innovation within your nation?
Let me know your thoughts. Please specify which nation you are addressing.
Jayshree Pandya PhD
Global Risk Advisor
Globalizing economies: Rise and fall of nations
Posted by: Dr. Jayshree Pandya in Country Risk Review, Global Risk Review, Industry Risk Review on March 6th, 2009
In a global age, the role of nation’s government should be to remove obstacles for business/industries/investors and assist business/industries/investors in competing successfully across their nations boundaries.
Depending on the challenges/obstacles that business/industries/investors face within their own nation, what do you think is the status of your nation?
• Which nations do you think will be winners and losers under the circumstances?
• Which business/industry/investment you see facing challenges within your nation?
• What potential risks you see of any such development?
• Which nations will rise and fall in the coming years?
Please specify which nation you are addressing
Let me know your thoughts.
Jayshree Pandya PhD
Global Risk Advisor
Global Financial Crisis- What actions should your nation take to bring back that investor confidence?
Posted by: Dr. Jayshree Pandya in Country Risk Review, Global Risk Review, Industry Risk Review on March 3rd, 2009
United States probably had the best capital markets in the world. These capital markets coupled with innovation drive stimulated not only healthy competition and great innovations but enabled sound economic viability and the fundamental vitality of this great nation.
The confidence, quality, breadth and depth of the United States markets attracted global investors and investment capital for many years. However United States market’s fundamentals, its operating integrity, regulation, and confidence has been seriously questioned with the current global financial crisis and has shaken investor confidence.
This would undoubtedly create challenges for not only USA but many nations in attracting investments. The globalizing economies and the realities of today’s markets demand some fundamental changes in how nations, its governments, its industries and markets should function and operate.
What changes do you believe are critical for your nation? What critical barriers do you see that need to be overcome? What should your nation do to attract not only global investment but stay competitive in the global economy? What actions should your nation take to bring back that investor confidence?
Please specify which Nation you are addressing.
Let me know your thoughts.
Jayshree Pandya PhD
Global Risk Advisor
Deficit Dive-Nations at Risk
Posted by: Dr. Jayshree Pandya in Country Risk Review, Global Risk Review on February 25th, 2009
Nations and its industries are competing fiercely in globalizing economies. There are key indicators that define each nation’s health-how would you rate your nation’s health? (Going Global-10 points/Going Local-3 points/No clue-0 points)
What is the state of Trade, Budget, Innovation, Industry and Investment within your nation? What is your nation’s strategy to deal with deficits if any?
-
Trade Deficit
-
Budget Deficit
-
Innovation Deficit
-
Investment Deficit
-
Industry Deficit
Let me know your thoughts
Jayshree Pandya PhD
Global Risk Advisor
Are Welfare Nations at Risk in Globalizing Economies?
Posted by: Dr. Jayshree Pandya in Country Risk Review, Global Risk Review on February 24th, 2009
Globalization and rapidly changing environment is probably necessitating need for limits or elimination on social spending by nations and its governments.
Significant changes are occurring globally from the way we work, the way we learn to the way we adapt. Amidst these changing global fundamentals, Nations, its industries and businesses are struggling to stay competitive and profitable. It is therefore very important that nations and its governments maintain or create a business friendly environment within their respective nations.
Social welfare programs are directly proportional to higher taxes. In the pursuit of getting votes and staying in power, Nations and its governments irresponsibly increase taxes to finance social spending agenda. When nation’s policies fail to adapt to changing global fundamentals and governments deliberately use welfare and other social programs as a tactic to get votes and stay in power, there are significant risks that nation’s faces in the globalizing economies.
Nations need to create an environment of growth, competition, education, employment, opportunity, innovation and adaptation over welfare and dependencies.
Do you think Social Welfare should be a role of government in your nation? Do you think social welfare can be done better by Philanthropia and non government organizations?
Let me know your thoughts.
Jayshree Pandya PhD
Global Risk Advisor
The Promise of Biotechnology
Posted by: Dr. Jayshree Pandya in Country Risk Review, Global Risk Review, Industry Risk Review on February 19th, 2009
Biotechnology offers immense opportunities for the improvement of human abilities and its quality of life. The expected revolution holds out the promise of an exciting new world that has the potential of enormous impact for the benefit of humankind. This industry promises to make significant contributions to the quality of human life; what we eat, what we wear, how we live and so on. The advantages, applications and promise of biotechnology are broad and compelling and the risks are clearly not understood, managed or regulated. It is this opportunity and risk that is stirring a global anxiety.
Every nation and its decision makers need to answer some very fundamental questions:
· Do we have appropriate regulations for this industry? What regulations need to be changed /developed? What will be its impact? Who is expected to address the industry risks? Industry leaders? Government Officials? Others? What will be the government’s role in the emerging industry?
· Are the social and economic consequences of changes brought by biotechnology industry adequately evaluated? Is there a process of public scrutiny of the existing and potential new technologies, before it is approved for commercial production?
· Are the industry risks assessed and found worth the benefits? Does this technology pose existential threats?
· Will the global community accept biotechnology and its products? Are we doing enough to educate the global community? Should there be a structured effort to educate the global community? Who will fund this effort?
· How can nations and its governments support the introduction of a new technology/science/industry if it cannot evaluate and calculate its inherent risks? What needs to be done to change this scenario? What specific tools need to be developed to address the challenges of this industry?
· Who is doing the industry planning? Do we have right tools, right processes and right skilled practitioners?
· What changes this emerging industry will bring globally and how will it shape the future of respective nations, and their domestic markets?
· How will the world economy be affected? What are the risks of economic disruption? What will be the response to the possible disruption?
As the industry continues to march forward and grow, it is important for Nations, its governments, industries, organizations and academia (NGIOA) to understand all possible risk variables and the future direction of the industry, particularly in terms of the impact the industry, technology and its products have or will have on the human race.
What are your nations plans to effectively manage biotechnology industry risks? Let me know your thoughts.
Jayshree Pandya PhD
Global Risk Advisor
Changing Face of HealthCare Industry in a Borderless World
Posted by: Dr. Jayshree Pandya in Country Risk Review, Global Risk Review, Industry Risk Review on February 19th, 2009
Globalization, rapid advances in information and communications technology, and a strong market need for rapid cost effective healthcare services are changing the face of Healthcare industry in a borderless world.
From Health care services (e.g. cross country consultations of specialists, expert consultation in diagnosis, remote assistance in surgeries etc), to products and supplies (e.g. prescription drugs, over the counter drugs, bandages, intravenous bags, hospital beds, healthcare software, diagnostic equipment etc), to investment in research and development going global, has been just some of the many areas of Health care crossing borders.
It is also these very globalizing activities within the health care industry that bring nations and the global community the potential of deadly global pandemics. With the borders so porous and the unstoppable globalization, outbreaks of any communicable disease in one region has the potential to quickly spread all around the globe and can put the nations, its governments and healthcare authorities on edge all over the world. Nations and its governments need to have a better understanding and be prepared to face the challenges to its national health as well as understand the impact of the changing face of health care industry on their nation’s economy.
It is also very important to help mature the healthcare system of the developing countries and to have international cooperation that will lead to transparent data, quick information and effective communication regarding disease outbreaks and possible response and control efforts in both animal as well as human populations in a timely efficient manner. There also needs to be a better understanding and education of the healthcare risks involved at a local, national, regional and global level.
What are your nations plans to effectively manage healthcare industry risks? Let me know your thoughts
Jayshree Pandya PhD
Global Risk Advisor
Natural Disasters Risks: A growing global uncertainty
Posted by: Dr. Jayshree Pandya in Country Risk Review, Industry Risk Review on February 19th, 2009
Over the past few years the global community has witnessed an alarming increase in natural disasters that has resulted in significant changes in the global landscape. It is this changing global landscape and increase in frequency and severity of disasters that has brought humankind facing a grueling set of challenges, obstacle to economic development, loss of human life and many many difficult questions.
Natural Disaster Risks seems to be increasing day by day and it is not the natural hazard itself, but their associated damages that follows, exerts an enormous toll on development and growth for any nation. We live in a time where every nation needs to be on an offensive and be prepared, for not only the challenges to its communities, but also the resulting economic development and threat to its very existence. It is necessary that the global community has a better understanding and communication of the natural disaster risks at every levels; local/ national/regional/global level.
Today more than ever before, the global decision makers need an ability to obtain decisive answers in a timely manner that will help manage the complex challenges of natural disasters. Nations, its governments, industries and communities need to, not only demonstrate, a clear sense of leadership, but also to adapt to pro-active approach and work “united” towards managing the growing complexity facing the human kind and its very existence.
Every country needs to shift its approach from disaster response to a more proactive approach to disaster preparedness and management. Serious efforts are called for to save human existence and corresponding economic disaster that follows any disaster. A structured effort needs to be under way to proactively respond to such disasters and realistic plans needs to be in place with effective triggers to save our very existence.
What are your nations plans to effectively manage such disasters? Let me know your thoughts
Jayshree Pandya PhD
Global Risk Advisor
Support Risk Dialogue
Posted by: Dr. Jayshree Pandya in Uncategorized on February 18th, 2009
Need for Risk Dialogue
Risk is an inevitable part of every nation and its industries. Progress and value creation cannot be achieved without taking risk by any nation or its industries and businesses.
However, failure to think pro-actively, failure to understand risks, failure to understand risk appetite, failure to understand risk tolerance, failure to learn with an open mind, failure to anticipate, failure to communicate, and failure to adapt to changing global fundamentals by Nations, its Governments, Industries, Organizations and Academia (NGIOA) has brought the global community facing monumental crisis with probably far reaching consequences today.
Debate over what went wrong with Nations and its industries, what created the Global Crisis, what it teaches NGIOA, and how should they apply that knowledge to manage risks differently in the future would undoubtedly continue for a long time… However, one thing that does speak loud and clear is that everyone needs to be Risk Managers and needs to have adequate knowledge, understanding, clarity and proactive attitude about risks and also be willing to take accountability and ownership of their actions.
Every nation needs to be on guard in order to ensure that they don’t end up being marginalized and meaningless or a failed existence. NGIOA and its decision makers must begin meaningful proactive holistic risk dialogues on existing and emerging risks around them that raise true concerns, arouse public fears, panic and hysteria not only for their nation but across the global markets to safeguard society from the possibilities of unforeseeable harm in the future.
Opening a Risk dialogue is a progressive forward looking move towards integrating risk, science, innovation, investment, industries, nations, globalizing world, in a time especially when risk transcends borders, cultures, nations, societies and human existence. The Risk dialogue will explore ways in which National and Global risks will be proactively managed and will generate and enhance a common understanding of risks impacting NGIOA. With your help we will address national as well as global challenges and heighten public awareness.
The tangible outcome of this Risk dialogue will be transforming fear and panic into understanding and cooperation of risks. This Risk dialogue will be audible and clear and will give a holistic view of risks that will fill the void created by the growing disenchantment of the critical risks facing the global community. This will help every nation, and its industries steer through any crisis and future will probably not equal to past and present. Time is of the essence. At stake is the well-being and safety of every nation, society and our very existence!! A dialogue to build a better tomorrow is vital. Support Risk Group’s Risk Dialogue!!
Please send an email to info@riskgroupllc.com to receive a Sponsor agreement
Need for a National Risk Council/Global Risk Council More Than Ever!
Posted by: Dr. Jayshree Pandya in Uncategorized on February 10th, 2009
Here in the 21st century, we are experiencing the march towards an integrated, borderless, competitive and turbulent global market place. Amidst the power struggles of nations in a world with depleting natural resources, and ever-evolving technologies, the globalizing world is creating economic opportunities and growth as well as risks and challenges for nation, its governments, industries, organizations and academia (NGIOA) all over the world.
These are changing times. Every nation, its governments, industries, organizations and academia (NGIOA) need to have a common goal of maximizing benefits and minimizing risks. NGIOA must work as a cohesive front for a better national as well as global future and need to not only demonstrate a clear sense of leadership, but also adapt to the changing national/global business fundamentals. Furthermore, NGIOA must be united to address another integral force: the growing complexity of national/global challenges. Today, more than ever before, NGIOA needs an ability to manage present and impending complex national /global challenges.
Meeting national challenges is only the first step. There is a clear need for a national /global effort to manage national/global risks. A national risk council/global risk council that proactively manages critical risks facing the nation/global community is a need of the time. It is important that such proposed councils advances professional collaboration and a proactive approach among the NGIOA and the global community to establish preparatory measures on critical national and global issues and risks. Transparency, collaboration and a proactive approach are the need of the time, and time is of the essence.
Let me know your thoughts.
Jayshree Pandya PhD
Global Risk Advisor
Global business challenges and a need to re-define the role of government…
Posted by: Dr. Jayshree Pandya in Country Risk Review, Global Risk Review, Industry Risk Review on February 6th, 2009
Global business challenges and a need to re-define the role of government…
As business faces the challenges of global competition, there is a strong need to re-define the role of government and business-government relationship. What do you think should be the role of government and business-government relationship amidst the globalization challenges?
Let me know your thoughts. Please specify which nation you are addressing.
Jayshree Pandya PhD
Global Risk Advisor
What are the potential risks of recombinant DNA technology?
Posted by: Dr. Jayshree Pandya in Industry Risk Review on February 5th, 2009
What are the potential risks of recombinant DNA technology?
Let me know your thoughts
Jayshree Pandya
Global Risk Advisor
What has the Global Financial Crisis taught the Nations, it’s Governments and Decision Makers, and how should they apply that knowledge to manage risks differently in the future
Posted by: Dr. Jayshree Pandya in Industry Risk Review on February 1st, 2009
What has the Global Financial Crisis taught the Nations, it’s Governments and Decision Makers, and how should they apply that knowledge to manage risks differently in the future?
Let me know your thoughts.
Dr. Jayshree Pandya
Global Risk Advisor
Should a failing industry/business be saved?
Posted by: Dr. Jayshree Pandya in Industry Risk Review on February 1st, 2009
Should a failing industry/business be saved?
Globalization, innovation, emerging technologies/industries and the changing global fundamentals are bringing dramatic changes to many industries and nations. Do you think any failing industry/business should be saved?
Let me know your thoughts.
Dr. Jayshree Pandya
Global Risk Advisor
Coal Industry Crisis in Waiting: A case for Investment and Innovation????
Posted by: Dr. Jayshree Pandya in Industry Risk Review on February 1st, 2009
Energy industry is at the center of a global power play and is of a great strategic and political significance. This is an industry that has, in fact, a potential to change position of countries, regions, and societies.
Coal is a vital component of Energy Industry. Global warming concerns has brought Coal’s role as a Safe Energy Resource in question by many.
There is a problem. The question is whether there are possible technology solution. What technology Innovations are happening in your country that can probably save this sector?
If you had to take decision would you see in coal a case for Investment and Innovation?
Let me know your thoughts. Please specify the nation you are addressing
Dr. Jayshree Pandya
Global Risk Advisor
Global Financial Crisis- What actions should your nation take to bring back that investor confidence?
Posted by: Dr. Jayshree Pandya in Country Risk Review, Industry Risk Review on February 1st, 2009
United States probably had the best capital markets in the world. These capital markets coupled with innovation drive stimulated not only competition and great innovations but enabled economic viability and the fundamental vitality of this great nation.
The confidence, quality, breadth and depth of the United States markets attracted global investors and investment capital for many years. However United States markets’ fundamentals, its operating integrity, regulation, and confidence has been seriously questioned with the current global financial crisis and has shaken investor confidence.
This would undoubtedly create challenges for not only USA but many nations in attracting investments. The globalizing economies and the realities of today’s markets demand some fundamental changes in how nations, its governments, its industries and markets should function and operate.
What changes do you believe are critical for your nation? What critical barriers do you see that need to be overcome? What should your nation do to attract not only global investment but stay competitive in the global economy? What actions should your nation take to bring back that investor confidence?
Let me know your thoughts. Please specify which Nation you are addressing.
Dr. Jayshree Pandya
Global Risk Advisor
Is the current government structure/model of your nation compatible/viable for the globalizing economies?
Posted by: Dr. Jayshree Pandya in Country Risk Review on February 1st, 2009
Is the current government structure/model of your nation compatible/viable for the globalizing economies? What do you think should be the structure of your nation’s government?
Let me know your thoughts. Please specify which Nation you are addressing.
Dr. Jayshree Pandya
Global Risk Advisor
Energy Crisis: A case for Energy Diversification!!
Posted by: Dr. Jayshree Pandya in Industry Risk Review on February 1st, 2009
Energy industry is at the center of a global power play and is undoubtedly of a great strategic and political significance. This is an industry that is a backbone of global prosperity and in fact has a potential to change position of countries, regions, and societies.
The onset of the 21st century has brought this unique industry to face a grueling set of challenges and has already become a great source of concern to national and economic security. Inability to overcome energy challenges and stabilize this industry will result in widespread economic disruption and countries and regions at war.
What challenges does this industry face, not only today but also in the coming tomorrow? What is your perception of the current status of the industry and its future outlook amidst the integrating global economies? What risks, issues, challenges, and obstacles do you see? How does this industry impact other industries? What do you think are possible solutions and mitigation plans for the advancement of this critical industry?
Let me know your thoughts.
Dr. Jayshree Pandya
Global Risk Advisor
What innovations do you believe are critical for your nation and its industries?
Posted by: Dr. Jayshree Pandya in Country Risk Review on February 1st, 2009
Innovation is undoubtedly the nerve center of healthy nations and its industries. Innovation helps nations not only differentiate, but it also helps nations sustain competitive advantage and positions them at the right place in the ever-changing global economy.
What innovations do you believe are critical for your nation and its industries? What critical barriers do you see that need to be overcome?
Let me know your thoughts. Please specify which Nation you are addressing.
Dr. Jayshree Pandya
Global Risk Advisor
Resource Nationalization: A Growing Concern
Posted by: Dr. Jayshree Pandya in Industry Risk Review on February 1st, 2009
The world today is witnessing the tumultuous impact of not only energy insecurity and scarcity, but the beginning of a growing concern of “resource nationalization” in general.
“Resource Nationalization” is a critical risk to global peace and prosperity. It is not just the oil and gas sector facing re-nationalization by major producers; rather, the Coal, Methane, Uranium, metal/mineral sectors and much more are facing re-nationalization as well.
1. Do you think “Natural Resources” should be nationalized?
2. Do you think that re-emergence of state/nation controlled resources pose a serious challenge to global peace and the global economy?
3. Do you think the world is entering an era where businesses and industries have to work closely with its governments to re-strategize the way they function and operate on a global scale?
4. Do you think the world is entering an era where “natural resources” are becoming political tools and weapons (probably more powerful than nukes or other weapons of mass destruction), and States/Nations are using Natural resources to wield power in the global economy?
Let me know your thoughts. Please specify which Nation you are addressing.
Dr. Jayshree Pandya
Global Risk Advisor
Fading Nationalism Amidst Internationalism!
Posted by: Dr. Jayshree Pandya in Country Risk Review on February 1st, 2009
Do you think that your nation is struggling with the meaning of nationalism?
Nationalism and Internationalism are, in essence, opposite forces. The world today is witnessing the birth of a new global era that seems to be strongly characterized by a seemingly borderless world and the birth of an integrated global community.
Do you think “Nationalism” is a viable feeling and that citizens feel intensely for their nation? If your answer is no, then what issues you see arising out of these feelings?
Do you think nations; its governments, industries, businesses and communities can survive and prosper amidst these internationalism feelings? Do you see a need for nationalism? Do you think nations and its governments need to address the shaping of Globalization/Internationalism to its benefits if they want to survive and prosper as nations?
Do you think that there is FADING NATIONALISM AMIDST INTERNATIONALISM? Do you think that there is a risk of FADING NATIONS?
Let me know your thoughts. Please specify which Nation you are addressing.
Dr. Jayshree Pandya
Global Risk Advisor
What are the risks and issues you see in your nation’s election process?
Posted by: Dr. Jayshree Pandya in Country Risk Review on February 1st, 2009
Citizens of each nation have the enormous burden to make an objective neutral assessment to assess each candidate for election. It is every citizen’s duty to make an educated decision to hire that candidate whose decisions will determine the prosperity, security and success of their respective nation.
Do you see any objectivity in the election process in your country? Do you think citizens assess the candidates in a neutral objective manner?
What criteria did you use to assess the candidate? Do you think citizens should be given guidelines based on which they can evaluate the candidates and make educated decision?
What risks and issues you see in the current election process and foresee in the coming elections in your country?
Let me know your thoughts. Please specify which Nation you are addressing.
Dr. Jayshree Pandya
Global Risk Advisor
What sould be the top ten strategic goals of your nation ?
Posted by: Dr. Jayshree Pandya in Country Risk Review on February 1st, 2009
The fundamental goal of any nation, its governments and industries is to strive to advance current capabilities and achieve technological, economic, political and military prosperity (we can add judicial systems and more in the list).
Today’s reality of rapidly changing technologies, markets, services, demands, needs, natural resources, trade, and politics (and more) are raising many more questions than answers.
Do you think your nation is struggling to understand where it is going from the perspective of industries, growth, and economy? If you had to decide; what would be the top ten strategic goals of your nation amidst internationalization?
Let me know your thoughts. Please specify which Nation you are addressing.
Dr. Jayshree Pandya
Global Risk Advisor
Welcome to Risk Group Blog
Posted by: Dr. Jayshree Pandya in Uncategorized on February 1st, 2009
We are happy to announce launch of Risk Group Blog and welcome your participation and thoughts.
With an eye on the future, Risk Group’s mission, goal and objective is to advance professional collaboration and pro-active approach among nation, its industries and global stakeholders. With your help we will address national as well as global challenges and heighten public awareness of the critical risks and issues.
Risk is an inevitable part of every nation and its industries. Progress and value creation cannot be achieved without taking risk by any nation or its industries and businesses. However, failure to think pro-actively, failure to understand risks, failure to learn with an open mind, failure to anticipate and failure to adapt to changing global fundamentals by nations, its governments and industry decision makers has brought us facing monumental crisis with probably far reaching consequences today.
This debate over what went wrong and what any Global Crisis taught the Nations, it’s Governments and Decision Makers (including risk managers), and how should they apply that knowledge to manage risks differently in the future would undoubtedly continue for a long time… However, one thing that does speak loud and clear is that everyone needs to be Risk Managers and be willing to take accountability and ownership of their actions. This will help every nation, and its industries steer through any crisis and future will probably not equal to past and present.
Every nation needs to be on guard in order to ensure that they don’t end up being a failed existence. Every nation and its decision makers must begin the precautionary dialogues on these potential phantom risks around them that raises true concerns, arouse public fears, panic and hysteria not only for their nation but in the global markets to safeguard society from the possibilities of unforeseeable harm in the future.
Time is of the essence. At stake is the well-being and safety of every nation, society and our very existence!! Let us begin a dialogue to build a better tomorrow.
Dr. Jayshree Pandya
Global Risk Advisor
