An organization without a risk management program ignores potential threats and is unprepared to address a risk that is realized; one with an individualized program identifies risks and improves its operation by managing them.
Codelco, a Chilean mining company, started its digital transformation by picturing how it could improve its operations with real-time awareness and then automation, including driverless trucks.
Faced with diminished domestic demand for its product, Elco knew it had to improve its operations.
Simon Marshall, president of Unilever Food Solutions North America, which makes Lipton teas, Hellmann's mayonnaise, and Knorr soups, said the company is happy to be part of the Menus of Change initiative and outlined several steps it is taking to improve its operations.
He said one client, a manufacturer, bought an expensive software package to improve its operations, but failed to use it.
Councillor Andrew Burns, council leader, stressed that the authority needs to be a "modern organisation" that embraces technology and uses it to save money and improve its operations.
The Aydin Corporation, a communications systems maker, said yesterday that it had hired PricewaterhouseCoopers Securities L.L.C. to help it develop strategic plans to improve its operations.
It said it continued to add customers, cut costs and improve its operations.
The task force, to be headed by the city's corporation counsel, Michael A. Cardozo, will produce a blueprint for the Board of Elections to improve its operations, "increase its productivity and hold it publicly accountable for its performance," Mr. Bloomberg said.
Moody's Investor Services cut retail chain Kmart's debt to junk status and says it faces a "continuing challenge" to improve its operations, and that there is a "lack of sufficient evidence" that Kmart's financial performance has "bottomed".
