Management Consulting for Nonprofits and Social Enterprises

150 Elgin St 10th Floor
Ottawa, ON K2P 1L4

(613) 890-1581
info@vectorsgroup.ca

A lot of risk management activity rightly goes into the prediction phase.  Activities such as developing risk registers, building risk maps, creating scenario analysis and calculating sensitivity analysis.  Trying to assess what might happen is a key component of risk management.  What is often missed however in the prediction phase is the understanding, or the

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We have written before about the importance of empathy in risk management, but in this installment, we want to talk about risk empathy, which is quite different.  Risk empathy is the practice of the risk manager designing the risk management practices of the organization with empathy towards those workers and volunteers who need to implement

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This is a simple question: are you solving yesterday’s problems or creating tomorrow’s opportunities?  Yet, observing life around me during the Covid19 crisis reminds me of this question. Often the difference between an idea that solves yesterday’s problems and one that creates tomorrow’s opportunities is very subtle.  These are the ideas that may become innovations and

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I like strawberry ice cream, jalapenos, and single malts, but what the heck do they have to do with integrated risk management? The answer is that just as your flavors need to be integrated, so does your risk management. While no one would ever think of combining strawberry ice cream, jalapenos, and single malt scotch

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Nonprofit leaders and management teams have to deal with uncertainty and complexity on a daily basis. Following risk management notes are prepared to help nonprofit leaders. Organizational insight on risk management We should stop talking about risk-taking and its importance for innovation. This assumes if we encourage people to take risks, innovation magically happens. Yet,

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In my experience, high-caliber athletes tend to be great risk managers for the simple reason that high-level sports tend to be an excellent training ground for the principles of risk management.  Sports involves many of the types of assessments that risk managers need to make and resembles risk training in many ways.  In addition, the

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Risk identification is one of the first steps in risk management. The easiest risk to miss in a risk identification exercise is the obvious risk. (The second easiest risk to overlook is the one based on faulty assumptions – the subject of a future blog.) Seeing the obvious is not always that easy to do,

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Strategic evaluation

Executive Strategic Evaluation Process (E-SEP) is a practical strategic evaluation tool for nonprofit boards and management teams. E-ESP is also the first step of the ViStA Strategic Management Framework illustrated below.  E=ESP strategic evaluation methodology includes the following three strategic evaluation phases: Strategic Identification Strategic Priorities Strategic Road Mapping   Strategic Identification The first step

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All Nonprofit Board members know the classic risk treatments: eliminate, mitigate, ignore. But is that all? The answer is an emphatic NO!. In fact, it just might be that the most important risk treatment is also the most ignored or forgotten. That special risk treatment is “embrace”. Risk management is the management of future uncertainty

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Change management is a big challenge for nonprofit organizations. It shouldn’t be. Do you remember your first day at University?  Along with all the anxieties about starting a new venture, there was also the excitement about the opportunity to be a new you.  Starting at university meant an opportunity to start again by meeting people

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