Solutions, Innovations, and Logistics to Stay Ahead of the Wave: A Multidimensional 80-20 Approach Business Intelligence ∼ Incident Management ∼ Loss Prevention & Security Services ∼ Technology / Tradecraft Innovations PARM Four 4 Pillars Presentation from Benoit Grenier
What is PARM 8020 ? (Click here for Presentation) Proactive Risk Management What is the overall capacity of your organization to identify, analyze, and take coordinated action in response to risk-related events? Proactive Risk Management (PARM) specializes in the provision of client-specific incidents management and customer service. Our team of highly trained incident management specialists and…
In an ever increasingly competitive marketplace where every decision can have an impact on a business’s profit margins and market shares, investing substantial amounts of money in a risk management and loss prevention program can be a tough sell. However, when done right, risk management and loss prevention can in fact add great value to…
One would agree that the most effective tool to provide insight and help improve risk management decision-making is to have conversations. In Let’s Talk about Risk, Regis Coccia said: ¨Who we talk to has a lot to do with our awareness and understanding of risk. People see risks differently. It is those different views…
By definition, ¨Value¨ is an improvement in the corporation or business performance in one or more of the following areas: Improves Revenue Increase Cash Flow Reduces cost Increases Profitability and Shareholder value Advances the Corporation Business Initiative Surely, risk mitigation is a value creator, since its primary objectives are to protect the corporation against possible liabilities,…
“Risk awareness is 90 percent of the battle,” says John Varvaris, a former risk-management consultant who is now president of Best Doctors. Risk is everywhere and it is every employee’s responsibility to identify and mitigate risk. A risk comes in many shapes and sizes, for example: Operation compliance, financial, technological and reputational. Many constituents, both…
To succeed in business, leaders must surround themselves with key individuals that are committed to move the business forward. Ronald Reagan once said: ¨Surround yourself with the best people you can find, delegate authority, and don’t’ interfere as long the policy you’ve decided upon is being carried out. ¨ As we all know, the retail…
By Carlos Torres Incident Management Director carlos.torres@parm8020.com Last night, after having dinner with my family, I got an email about an incident that happened at one of our clients’ stores. This incident required the immediate attention of someone… Who was that someone? I was that someone, and this matter, required MY attention. So, I went…
By Lara Bachaalani, Incident Management Specialist We are often under the false impression that we are accountable for everything that happens on our property. However, the concept of liability is much more complex. In the context of retail, the liability of your organization may be involved in several ways, most famously by negligence. This neglect can result…
In the retail business, one of the most common principle is ¨retail is detail¨. Our opinion is that this principle applies to both marketing and risk management. The only way to effectively manage risk is to attend closely to details and be concerned about the impact of an incident may have on the sustainability of…
