How to Maximize and Protect Your Company’s Value in Uncertain Times
Thursday, February 28th, 7:30 - 1:30 PM
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Multi-topic event where C-Suite, Business -Owners and senior leadership will participate in class-like settings to receive actionable information to help them navigate the waters of uncertain times.
Seminar Topics
1. What keeps you up at night? Insights to navigating the road to business growth.
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The decision to grow your business is easy. Making it happen, now that’s the challenge.
While we tend to think of sales and marketing as the drivers of growth, the reality is, there are multiple factors that can impact the growth of a business. Internal factors such as operations, finances, HR, along with external pressures from competition, the economy, technology, politics and the environment can all take their toll on growth strategies.
He’ll explore influences, barriers, challenges and opportunities that can directly and indirectly impact strategies and offer insights and actionable steps that can be incorporated into a company’s growth plans. In this presentation, he’ll explore the different internal and external factors that can impact business growth and offer insights and actionable steps that can be incorporated into a company’s growth plans.
2. Profit Enhancement - Eliminating Waste from your Business
Studies show that companies have as much as 30% waste running through their organizations in terms of inefficiencies that result in real dollars being lost. To eliminate waste, it is therefore important to fully understand exactly what waste is and where it can be found. Toyota, the Japanese automobile manufacturer, after years of work to remove waste, identified seven wastes as the most prominent ones. These seven wastes apply to any organization. As we face times of uncertainty, where are the wastes in your organization that should be eliminated to preserve profitability?
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3. Effective Discipline and Termination Strategies For Maximizing Performance and Minimizing Risk
This presentation will focus on identifying the legal risks and pitfalls associated with ineffective or illegal disciplinary and termination practices by employers. The presentation will explain the differences between poor performance versus rules infraction based discipline and termination. The presentation will then provide step by step guidance on best practices for engaging in effective discipline and termination practices that will help to minimize the risks associated with employee discipline and termination. The presentation will help employers create better documentation demonstrating the employer's legitimate non-discriminatory business reasons for why employers make the disciplinary and termination decisions that they do.
4. Preparing for the Knowable Unknown: corporate governance and legal strategies to enact right now to keep your business strong through thick and thin.
Good corporate governance and protective legal strategies are two ways to strengthen your company in uncertain times. Corporate governance, in its most basic sense, is how a company polices itself. By instituting norms, procedures, and policies that govern the company, accountability is increased. Executed correctly, all stakeholders (employees, executives, board members, owners - even customers) can not only better understand the company's mission and goals, but can often recognize and address problems, big and small, before they occur and harm the company. Getting them in place, for companies of all sizes, is a foundational step for business growth.
5. Building a strong link between risk management and operations to maximize business profitability.
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Many CEOs, CFOs, and Business owners believe that paying Workers’ Compensation insurance is “just the cost of doing business” and that there is very little companies can do to reduce, control or manage costs year to year. The good news is that Workers’ Compensation is the one type of insurance that companies can control the most through effective risk management and operations.
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Annual renewal premiums can fluctuate significantly days before your insurance renewal (XMod increases, carrier rate increase, carrier territory surcharge, underwriter adds surcharge due to their actuaries’ loss pick, underwriter turnover, etc.) In this presentation, we will show you how to take control of the renewal process in this volatile insurance market. The insurance premium swing from one carrier to the next can be anywhere from 10% to +60%. A key question companies should ask: Are we in control of our Workers’ Compensation costs?
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We will cover how Workers’ Compensation can be a true business competitive advantage for companies that take control. Perhaps, your competitors are paying 50% or less in Workers’ Compensation than you. This session will begin to answer that question.
6. Unintended Consequences” of CEO Decisions
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This talk is a fun and fascinating look at how the “unintended consequences” of CEO decisions can damage a firm’s performance and undermine employee confidence in their leaders. Using real-world stories, Richard takes his audience on a guided tour of companies who were failed by their leaders’ inability to predict and respond to the unintended consequences of their strategic decisions.