On top of that, we pay attention to the who (people, roles & responsibilities). Who leads the transformation? Who must transform? And who do we transform for? The last stop is the when & where of the transformation; the roadmap forward, the journey ahead, with clear milestones and deliverables.
 
Transformation is hard and very different from change. Change looks at how work is done so far and wants to make it cheaper, better, faster, leaner, everything ‘– er’. It has its anchor in the past. The eye looks back and wants to change what is found there.

Transformation starts with a vision. The eye looks forward and wants to pull that future vision to today’s reality. Transformation has its anchor in the future. Business interventions are executed to realize that vision.

In doing so, our transformation teams strike a balance between short-term improvement and creating long-term value. Our consultants have an evidenced ability to challenge the status quo and inspire true action and transformation. And, most importantly, have grit, passion, and perseverance, and an unremitting eagerness to contribute to the success of our clients.

Building resilience through a risk and opportunity-aware culture is easier said than done. In Magnifor we like to compare culture with the wind. While it is invisible for everyone, no one escapes the effects that are seen and felt wherever you are. When it is blowing in your direction, it makes the sailing easy. When it is blowing against you, everything is more complicated.

Old school risk management is very technocratic. To continue the metaphor with sailing: it is about knots and tactics. Modern risk leadership develops a crew’s desire to sail challenging journeys into unchartered territories. More and more we are coaching business leaders in how to mobilize all hands and minds on board in sharing what they know about the risk and opportunities related to their future vision, growth aspirations, and business goals.

Culture change will not be achieved through top-down mandate only. At Magnifor, we believe that culture lives in people’s collective hearts and habits and their shared perception of, ‘how things are done around here.’ Because leaders play an essential role in the movement towards a risk culture, we have developed a Risk Leadership Mindset™ model. A mindset that is vital for any leader who wants to pivot teams and organisations towards a risk culture. The attributes of what shapes a Risk Leadership Mindset™ are further explained in the visual below.

To stay competitive in a world dominated by uncertainty, our clients have to mitigate risk and grasp opportunities while simultaneously identifying new uncertainties as they surface at all their organizations’ levels. Our proprietary solution Risk Focus™ enables leaders and risk managers to act quickly and with confidence.
 
Risks don’t rest and opportunities don’t wait. Risk Focus™ allows our clients to be pro-active and capture every uncertainty as it is identified, unfiltered. These are assigned to an owner and managed in a dedicated workflow. Leaders and risk managers can monitor and improve performance with executive dashboards. Ways of working that create competitive agility and help our clients be ahead of their game.

Risk Focus™ raises risk awareness, transform our clients’ culture, and produces profound business results.

This cloud-based digital solution supports teams and companies in crowdsourcing risks and opportunities. Having and utilizing a few simple screens in everybody’s pocket will stimulate the sharing of uncertainties, potential issues or simply observed anomalies. It allows each individual to raise their voice and identify uncertainties that might have a potential impact on their organization’s objectives. As some clients shared with us: ‘Risk Focus™ democratizes risk and opportunity insights.’

The real value behind crowdsourcing is the engagement you can create: making sure that people are recognized for their inputs and given feedback of what was appreciated engages them further in the company and its objectives. In crowdsourcing, every voice counts and must have equal weight. Because no one of us is as smart as all of us.