1. The Individuality:
In Enterprise Risk Managing, search for a consultant who is exposed to real life and environmental realities in diversified ambiances – local and overseas. Avoid merely picking by business names of consulting firms; always check who - in reality - will consult your business. The uniqueness and the punch of the person in the playing field matters a great deal – rather than distant spectators listed in glossy brochures.
2. Best in the Game:
Opt for recognized career consultants who are currently practicing in market as steadfast analysts and eventful ERM performers - than part-timers or random assignment undertakers. Check for the practical high end corporate experience and technical know-how of the consultant. Never get deceived on the low price magic – which surely is short-lived.
3. Breathing Solutions:
Check how modernized your consultant’s approach is in managing risks in the middle of volatile uncertainties of contemporary business. Look for business specific localized pragmatism over remote theory designed elsewhere with copy and paste superficial generics.
4. Holistic Capacity:
Find out how your consultant distinguishes CSM, SER, ISM, ERP, DRP, BCP, OSHAS, FRM, FSM, and ERM in precise. Often some tend to mix up everything and deliver just confused plans that are unfeasible and collapsible in tough times. Check the consultant’s proficient grasp on end-to-end business risk bandwidth – at strategic and application levels.
5. Dashing in the Moment:
Know how best your risk consultant is E-cultured. It’s not about mere sending or receiving emails, but the skill in risk consulting for electronic data and network dependant decisive business ambiances. If he or she thinks that firewall is something related to gun-firing, then both you and the business are in quick-fire trouble.
6. Demand is Pulse:
Check whether your consultant is (constantly) serving top echelon conglomerates - both in local and multi-national realms. That is a sign that his / her solutions are market savvy, results compliant and in current demand. He or she must be a rolling ballthan a rusty stagnant.
7. Rough Sea Swimmer:
It is best if your consultant has battled and conquered significant risk circumstances – both in life and business so that he or she is seeing your ER challenges through real life perspective than via text books. The best risk consultants are resilient experts who know how exactly to take risks as well.
8. Brain that is Not Washed:
Observe what innovative intellectual inputs your consultant can infuse into your business and its staff even in casual conversations. Those who know a little or nothing beyond what was taught in an academy, seldom sense emerging risks behind market matrix, regulatory domain and social spheres.
9. Driving the Theme:
Measure the ability of your ERM consultant to present persuasive facts to your board of directors and also on his / her aptitude of business risk training your senior management forums with reason, drive and confidence. Who trains your plans to your team - is an ever relevant vital question.
10. Upright Posture:
Verify what corporate references your consultant can validate before you - in relation to his or her ERM service credentials. Know the social and corporate path integrity of your consultant before you nod YES ! Your chosen consultant (eventually) should not be an added risk to your business.
(The writer is an experienced enterprise risk professional and can be reached on solutions@sltnet.lk). |
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