Can Your Business Adapt to a Warmer World
Many parts of the world have not had the genuine debate about climate policy but what you believe no longer seems relevant at this stage of global discussions and local politics - the fact is that it is happening, who is to blame can be seen as irrelevant in the short term.
But we had better learn to adapt.
The problem with global warming isn't the warming; it's the consequences of warming.
It doesn't really matter whether climate change is caused by humans or part of a natural cycle. It might halve the yield of crops, change the plankton distribution and the ocean currents and flood large coastal areas. The real problem is how to cope. While I would love to see humanity unite and cooperate to slow the problem, I am not holding my breath. We must adapt.
It is not responsible to have a business as usual approach and ignore the realities that our climate is becoming more variable. Instead we need to both plan to build in more flexibility, and to increase our efforts to reduce our carbon and other emissions as well as taking care of other harmful environmental impacts of our operations.
Around Australia we are seeing more intense bushfires, cyclones and other storms plus a reduction of water in our rivers. There are predictions this could become worse.
These climate impacts are already causing increased numbers of business failures, bankruptcies and suicide rates. The latter are surprisingly common especially for fishers and farmers who are used to being hands on and active and then find themselves helpless and unable to cope with the dramatic changes in their lives.
If you are a business owner or manager you need to ask "what are you doing to plan for the greater climate variability and inevitable economic turmoil that is coming?"
If you can't cure a disease you need to manage the symptoms and not just sit back and wait to be a victim.
An example of two approaches to the same problem of living in a low lying country is Bangladesh and Holland. Bangladesh needs to become like Holland or else become a victim. OK they need financial help but they will need this either way.
Failure to plan is planning to fail. This applies on a small as well as a big scale.
So how can you plan to make your business more adaptable so that you do not become a victim? You need to think seriously about diversifying so that all your eggs are not in one basket and susceptible to being dropped and broken. My favourite marketing coach always says "one is an evil number". You need to find another one, two or three viable options and start implementing these? This is the path to being a sustainable business.
What I help my clients do is to identify all your activities so that you can discover where you have risks and how significant those risks are. Then I help you build a simple and effective system to manage your risks and include feedback and continual review and improvement. The process takes around four to six months.
It really does not matter which system you choose to be certified in. I suggest you become certified in which ever system gives you the best marketing advantage or risk management.
You can do safety, environment (and include carbon reduction to save money on your energy) and quality which is mainly about satisfying customers - those vital people who pay your bills.
Businesses in my groups are often doing a mixture of systems because apart from the initial choice of risks to manage, all the systems are essentially the same and I encourage you to include the other risks because that helps your business be more adaptable.
Because you understand your own system with my form of training and mentoring, it is very easy to add additional risks so that your system grows with you and makes your business very adaptable to change.
Very importantly you will discover how to keep your system really simple and low paper so that you do NOT need an extra person to help you run it. The system actually saves you time.
Questions and Answers
Article Tags:
australian politics
,climate policy
,global warming
,emissions
,harmful environmental impacts
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The key reason why some firms thrive while some implode during an financial recession is still a puzzle to many people business-owning business owners. Some wrongly assume that all businesses should suffer via recessionary cycles. But the truth is that some companies are usually essentially recession-proof, and it is not necessarily because they are much larger, better known, or a lot more generously capitalized.
Companies like Arch Coal (ACI) and Massey Energy (MEE) watched his or her stock climbed.
To me, a sustainable business is one that keeps on going with minimum drama, a sensible profit and a good lifestyle for everyone who works there, including the owner and that does not include having owners who are overworked and stressed in their business.
We have heard about the dreadful human cost and the houses lost but spare a thought also for the businesses and the consequent jobs lost. They have not had a lot of publicity. The recovery may well take years. How many won't recover? STOP and think about YOUR emergency planning even for things you thought were totally unlikely.
2010 was the equal hottest year recorded since man began recording temperatures 1880 and also the wettest and this is in spite of the big freeze n the northern hemisphere. 2005 was the equal hottest. A hotter world causes more evaporation from land and oceans resulting in a warmer atmosphere that holds and releases more water. The result is more violent storms and 100 year events becoming 20 year events.
The anecdotal evidence is that 80% of small business owners don't prepare a business plan and even less actually run their business from a plan. And if you do, you almost certainly concentrate on your strengths and opportunities and gloss over your threats and weaknesses because the plan is largely focussed on convincing the bank you are a good risk. Did you actually stop and think about risk? But that's another story.
Why even think of putting new housing development in polluted industrial areas? Just where is industry supposed to move? And what on earth would this cost? Doesn't it occur to some people that we actually do need some industry in this country? It really is helpful in producing wealth and employing people.

