India’s Kumbh Mela festival, which attracts the likes of Unilever, Coke and Vodafone, generates about $2.8 billion in revenue for businesses. How does it compare with Super Bowl?
Category Archives: Amusing/Funny
10 Worst Corporate Accounting Scandals
Source: Accounting-Degree.org
How Risk Managers May Go Wrong?
Inspired Engagement
My previous post raises a question – What went wrong?
Will not a business like Chivas have well documented procedures for product changeover? Would the workers not have been trained? Periodical process audits would not have been done?
If the answer to all these questions is a ‘yes’, then what is the import of this to Risk Managers of the business (even if they are not so designated)?
To me it is the need for constant and at times imaginative ‘engagement’ – beyond documentation, training & audit. This TED video by Ernesto Sirolli hilariously brings home the point.
Look forward to readers thoughts too.
Gallons of Chivas Down the Sewer – Process Risk?
Product Changeover Bungle – Accidental Loss
“Instead of draining the water and cleaning solution, they flushed out all the whisky. What’s even more shocking is no one noticed until 11 am.”
He said bosses were “livid”, adding: “The guys responsible will be lucky to keep their jobs.”
Source: The Times of India
GR Advisory & Training 