Posts Tagged ‘Global Risks’
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 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
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
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
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
