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By All Standards
Welcome to By All Standards, the podcast where ISO and AS Standards get a little more fun and a lot more insightful!
Join us in each episode as we dive into the world of ISO and AS Certifications, sharing tips, tricks, and stories that will help you navigate the certification landscape like a pro.
Our team of expert Auditors and Accreditation specialists, along with some fantastic guests, are here to sprinkle a little wisdom and plenty of anecdotes to make your certification journey smoother and more successful. Let's make standards a little less standard!
By All Standards
Think Like a Pro: Strategic Risk Management Tips Every Business Needs
Summary
In this conversation, Michael Venner and Aaron Furphy discuss various aspects of ISO standards, risk assessment, and the aerospace industry. They delve into the importance of evaluating internal and external factors for effective risk management, emphasising the need for organisations to recognise their strengths and weaknesses.
Auvas Website: www.auva.com
Aarons LinkedIn Bio: https://www.linkedin.com/in/aaron-furphy/
Takeaways
- Recognising strengths and weaknesses is crucial for businesses.
- Evaluating internal and external factors helps in risk management.
- ISO standards play a significant role in organisational success.
- Organisational risks differ from product risks in assessments.
- Proactive career pursuits can lead to better opportunities.
- The aerospace industry has unique challenges and considerations.
- PESTLE analysis is a valuable tool for understanding external factors.
- Certifications like AS9100 are important for quality assurance.
- Effective communication is key in risk management discussions.
- Final thoughts should always include actionable tips for organisations.
Chapters
00:00 Introduction to Risk Management
03:01 Understanding ISO Standards and Risk Assessment
05:50 The Importance of Strategic Planning in Risk Management
08:35 Risk-Based Thinking in Business Growth
11:41 Implementing Risk Management Early
13:22 Approaching Risk Management: Tools and Techniques
17:48 Effective Management Controls for Risk
19:05 The Importance of Preventive Measures
21:28 SWOT Analysis in Risk Management
23:31 Identifying Opportunities Amidst Threats
25:01 Engaging Teams in Risk-Based Thinking
28:18 Strategic Risks in New Sectors
32:39 The Importance of Risk Assessments
34:43 Consequences of Poor Risk Management
39:31 Practical Tips for Risk Management