We’ve talked before about the benefits of being proactive versus reactive. Being proactive is more beneficial than being reactive in every aspect of life, whether in business, sports, or just everyday life. A task as simple as crossing a street can illustrate this point: be proactive by looking both ways ahead of time and avoiding…
Any company that’s been in business for more than a few months can attest to the fact that compliance is not only a big part of being in business, it’s a moving target that almost changes with the seasons. And the last half of 2017 pushed the focus on compliance into high gear with the…
It might seem counterintuitive, but it’s common knowledge and apparently the natural order of things – technology moves much faster than the rules we set to govern it. Automobiles upset the public at first and caused governments to rethink roads. Airplanes caused governments to address the skies, something they’d never had to do before. Now…
When a casual observer watches a Formula 1 race, they probably don’t think much about anything beyond the experienced and practiced driver handling a very fast car, the best they can. If they do move any further in their analysis, it would be to understand the importance of speed and precision during a seconds-long pit…
There are aspects of running a business that are viewed by most as necessary evils, but they can be turned into positives with a change in our viewpoint. Compliance falls into this category more often than not. The cost of compliance can be counted in money, time and resources, and these costs can be viewed…
It’s no secret that the world is changing very quickly in the modern digital world, and that fact applies to every aspect of our lives, both individually as well as in the business world. That basic concept is the basis of a great new book called Exponential Organisations by Salim Ismail, which describes how two…
Compliance problems can bring down a business almost as quickly and completely as the controlled demolition of a building, leaving nothing but rubble and destruction behind. This might sound overly dramatic, but it’s essentially true. Compliance regulations come from government, licensing organisations, industry associations, and other bodies which can directly control the way your business…
For independent auditors and compliance consultants, taking on larger volumes of work can be difficult without the right people and processes to make it work. In a competitive environment, establishing a niche client base that can trust your services is essential.
Peak bodies and industry associations are facing ever-changing and demanding compliance responsibilities. New laws, codes and regulations are making the compliance landscape ever more complex. Jurisdictions and mandatory inspection schedules are also increasing, adding pressure on already limited compliance resources.
Your supply chain is essentially a set of successive contractual arrangements designed to provide you with goods and services that you either use internally or pass on to your customers. This is typically a controlled process, best described as a network with contract conditions and oversight so that your organisation can retain control over the quality of the product you are sourcing.