Nimble Risk Management (NRM)

Nimble Effects

TL;DR

At Nimble Risk Management we are focused on three main areas that we see as contributing factors to risk. Each of these main areas (Nimble Business Planning, Nimble Governance and Nimble Risk) are essential for success to reduce risk and improve performance.

These can be improved individually for significant gains or in concert for far greater impact. There are also a number of nimble effects that exist above, beyond and around all of those areas. These effects are perhaps even more influential regarding success as they permeate everything by establish the supporting structures and more needed for long term benefits.

The various effects that can complicate success:

Overview

In a sense improving any or all of the effects described below is roughly equivalent to making your own luck. Ignore them and you wonder the desert hoping for the best and that you won’t be devoured by the competition that has embraced them. Below we offer an overview of the various effects that can have significant impact on any business.

“Perhaps the most lasting impact of leadership is cultural. Leaders model the behaviors that define how work gets done—from integrity and accountability to inclusivity and collaboration. When leadership upholds high standards, it sets the tone for how others interact, take ownership, and align with the organization’s mission. This cultural alignment has a direct effect on morale, productivity, and employee retention.” – Loeb Leadership

“In the complex world of business, leadership plays a critical role in driving organizational success. The right leadership can foster a positive work culture, boost employee morale, and significantly enhance productivity. Conversely, ineffective leadership can lead to disengagement, high turnover, and ultimately, an underperforming organization.” – Leadership Strategies

The Communities of Practice Effect

As an effect Communities of Practice can have a huge influence on many aspects of the business that you want to build skill around. Building one is the easy part, but getting this small investment to bear fruit takes some real effort. This will pay off with real dividends fairly quick, but you must allow so time for the community to organize and make the magic happen.

“There is no power for change greater than a community discovering what it cares about.” – Margaret J. Wheatley

Visit our Communities of Practice Effect page for more details on how such a community could be built to facilitate targeted learning for the greater good.

The Culture Effect

As an effect, the Culture Effect is arguably the most significant. With the wrong culture in place, it can be difficult to get anything done. On the other hand with the right culture things seem more likely to just happen.

“Culture eats strategy for breakfast.” – Peter Drucker

“Customers will never love a company until the employees love it first.” – Simon Sinek

Visit our The Effect of Culture page for more details on how culture makes or breaks a company.

Effects of Business Debt

As an effect Business Debt can be crippling, costly and even ruinous. This effect has to do with how your company deals with technical debt. Ignore it long term and you might as well give up. Deal with it periodically and you might stay in the game, but you should expect that the competition will do more. Balance technical debt evolution with other work and you will more likely thrive and own the market.

“The technical debt that comes with deploying and fast-tracking new technologies is often a worthy tradeoff, and most organizations would say that it was worth it to be able to be more agile.” – Forbes

“Technical debt is like dark matter: you know it exists, you can infer its impact, but you can’t see or measure it.” – Forbes

Visit our Effects of Business Debt page for more details on how technical debt could be managed for better results.

The Leadership Effect

As an effect Leadership plays a big role in everything from setting direction to various tolerances, budgets, engagement and much more. This effect suggests that there are leadership approaches that could either enhance success for everyone involved or otherwise at the opposite extreme run it all over the proverbial cliff.

“The specific influence of leaders on the organization Culture, vision, motivation, innovation, engagement, outcomes.

In essence, while the organizational effect refers to the collective impact of all factors shaping an organization, the leadership effect zeroes in on the crucial role leaders play in driving those outcomes. Strong leadership is often a primary driver of positive organizational effects“. – tbd

Visit our Leadership Effect page for more details on how leadership style and approach could be improved for better results.

Organizational Learning Effect

As an effect Organizational Learning is a significant key for lasting success. With it you unleash a tidal wave of knowledge that leads to inspired innovation and highly engaged and motivated teams. As an organization you can learn something from everything that you do.

Maybe something did not go as planned – learn from and try something else. Maybe your data is a garbled mess and impossible to work with – learn how to get it organized and then learn from it. Maybe your people have a fixed mindset or do not have the permission to do any learning to improve themselves – get to know the growth mindset and encourage people to go forth and learn something relevant to what they do and become better.

“Over the long run, superior performance depends on superior learning.” – Peter Senge

“The single biggest driver of business impact is the strength of an organization’s learning culture.” – Josh Bersin

Visit our Organizational Learning Effect page for more details on how to amplify learning to increase your ability to innovate and make happier more engaged teams of superheroes.

Organizational Structure Effect

As an effect the proper Organizational Structure is required to enable people and teams to do their best work. This pairs well with leadership, but many leaders are not aware of the more modern structures that amplify your chances for success.

“While the organizational effect refers to the collective impact of all factors shaping an organization, the leadership effect zeroes in on the crucial role leaders play in driving those outcomes.” – John C. Maxwell

Visit our Organizational Structure Effect page for more details on how organizational structure could be improved to liberate and empower teams to do more, deliver better results and enjoy greater autonomy.