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Surgical Error - Why risk management often fails in healthcare

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Human Resource Risk Management - Strategic and Operational Failure of TESLA

To: Everybody Subject: Some concerning news June 17, 2018 11:57 p.m. I was dismayed to learn this weekend about a Tesla employee who had conducted quite extensive and damaging sabotage to our operations. This included making direct code changes to the Tesla Manufacturing Operating System under false usernames and exporting large amounts of highly sensitive Tesla data to unknown third parties. The full extent of his actions are not yet clear, but what he has admitted to so far is pretty bad. His stated motivation is that he wanted a promotion that he did not receive. In light of these actions, not promoting him was definitely the right move. However, there may be considerably more to this situation than meets the eye, so the investigation will continue in depth this week. We need to figure out if he was acting alone or with others at Tesla and if he was working with any outside organizations. As you know, there are a long list of organizations that want Tesla to die. These include Wal…

How to benefit from a Fishbone or Ishikawa Diagram for Root Cause Analysis

What is root cause analysis?Root cause analysis is a structured process that helps healthcare, manufacturing and service sector managers and leaders in identifying contributing factors or causes of an accident, error, problem, event or occurrence. An accident, error, problem, event or occurrence are usually a result of a system rather than an individual mistakes. Understanding the system itself and contributing factors or causes of a system failure can help in preventing recurrences. Actions that are taken to address system failure helps in sustaining the improvements or corrective actions. What is a fishbone or ishikawa diagram? Each and every outcome or effect is an end result of actions taken/omitted or in general causes/ A cause and effect diagram representing this relationship between cause and effect is called a called a fishbone or ishikawa diagram. A fishbone diagram is a visual way to represent cause and effect. It is a more structured approach for brainstorming causes of a pro…

SRM: Strategic Risk Management

 What is SRM / Strategic Risk Management?

Strategic risk management (SRM) is best described as the process of identifying, assessing, and managing any risk that affects organization's strategy, strategic objectives, and strategy execution. Does your organization have a such process? If you answered yes!, great. Your organization is ahead of many by having a strategic risk management. That’s great! Because that means you have overcome the challenges I talk about in my 5-part video series on Linking ERM to Strategy.


The best and simplest way to describe the strategic risk management process is to say that it requires managing key input variables (internal and external environments) and key output factors (mission, objectives, strategy, and policies).


These factors influence how strategy formulation, implementation, and evaluation and control are related, and how a change in any one factor (e.g., corporate objectives) affects other factors (e.g., strategies, policies, programs, budg…

Essential elements of ERM

Essential elements of ERM

Create your own and tailored #ERM #framework with ease! We have worked hard to incorporate changes from #COSO and #ISO #31000 so that you can benefit without having to invest a lot of time and resources. 




Email us at info@ermgovernance.com for more details.