Self-risk assessments are a vital component of any successful risk management strategy. By taking the time to assess and analyze potential risks associated with a contract, you are better equipped to manage any issues that may arise and ensure a successful outcome. This needs to happen before you enter into a contract (so our lawyer friends can have a field day in describing clauses) but even more during the execution stage of a contract where you are confronted with change all the time.
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COVID lessons on contract management
COVID has completely shaken up the business ecosystem. The market has experienced an unparalleled reduction of demand in certain areas, while in other business areas the demand has exploded. COVID has shown that being dependant on a “just in time economy” might be riskier than many of us thought. Next to that, it has also shown that not understanding your entire supply chain could easily turn into a disastrous situation. Let us take a deep dive into the execution of business strategy in times of uncertainty while still leveraging on all parties in your ecosystem.
[Read more…] about COVID lessons on contract managementThe sum of all contracts
Running any large enterprise comes with its challenges. And one of the big challenges is that you simply do not know everything; that you simple cannot control it all. If you want to stay ahead of the pack, you should think on creating value for others. Especially if you want to create value for yourself.
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