{"id":106,"date":"2010-03-14T21:08:27","date_gmt":"2010-03-15T04:08:27","guid":{"rendered":"http:\/\/novatempo.org\/wordpress\/?page_id=106"},"modified":"2010-08-18T19:51:46","modified_gmt":"2010-08-19T02:51:46","slug":"risk-reduction-planning","status":"publish","type":"page","link":"http:\/\/www.novatempo.com\/?page_id=106","title":{"rendered":"Risk Reduction Planning\u2122"},"content":{"rendered":"<p>Risk Reduction Planning\u2122 is a proprietary methodology that Novatempo\u00ae has developed.<\/p>\n<p>We teach the generic methodology in our workshops.\u00a0 However, because its effective application requires experience and skills that only practice across many different ventures can establish, we also offer Risk Reduction Planning\u2122 as a consulting service to entrepreneurs, investors and governments.<a rel=\"attachment wp-att-708\" href=\"http:\/\/www.novatempo.com\/?attachment_id=708\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-708 alignright\" title=\"plane_parachute\" src=\"http:\/\/novatempo.org\/wordpress\/wp-content\/uploads\/2010\/03\/plane_parachute-207x300.jpg\" alt=\"\" width=\"166\" height=\"240\" srcset=\"http:\/\/www.novatempo.com\/wp-content\/uploads\/2010\/03\/plane_parachute-207x300.jpg 207w, http:\/\/www.novatempo.com\/wp-content\/uploads\/2010\/03\/plane_parachute.jpg 234w\" sizes=\"auto, (max-width: 166px) 100vw, 166px\" \/><\/a><\/p>\n<p>Simply explained, Risk Reduction Planning\u2122 is a systematic process that focus the attention and the resources of an early stage company in solving a critical path of problems that maximizes value creation.<\/p>\n<p>We have developed some theoretical formalizations that capture the process, however the technique without substancial technology and business domain expertise may be regarded as ineffective.<\/p>\n<p>We often argue, that the notion of a Business Plan, as traditionally taught and promoted in MBA programs is superfluous for the case of early stage and high risk technology startups.\u00a0 Instead, we actively promote a document, we call Risk Reduction Plan\u2122 that purposely assists skilled entrepreneurs and seasoned investors to execute certain well defined tasks that reduce risk and maximize the creation value.<\/p>\n<p>The following series of videos, on risk management for ventures in Africa,\u00a0 motivates the discussion of risk management in entrepreneurship.<\/p>\n<p>Part 1<\/p>\n<p style=\"text-align: center;\">httpv:\/\/www.youtube.com\/watch?v=Jz5ncQBh9PQ<\/p>\n<p>Part 2<\/p>\n<p style=\"text-align: center;\">httpv:\/\/www.youtube.com\/watch?v=fOev169iL3c<\/p>\n<p>Part 3<\/p>\n<p style=\"text-align: center;\">httpv:\/\/www.youtube.com\/watch?v=_BfNrxjsSrY<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Risk Reduction Planning\u2122 is a proprietary methodology that Novatempo\u00ae has developed.<\/p>\n<p>We teach the generic methodology in our workshops.\u00a0 However, because its effective application requires experience and skills that only practice across many different ventures can establish, we also offer Risk Reduction Planning\u2122 as a consulting service to entrepreneurs, investors and governments.<a rel=\"attachment wp-att-708\" href=\"http:\/\/www.novatempo.com\/?attachment_id=708\"><\/a><\/p>\n<p>Simply explained, [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":121,"menu_order":4,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"class_list":["post-106","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"http:\/\/www.novatempo.com\/index.php?rest_route=\/wp\/v2\/pages\/106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.novatempo.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/www.novatempo.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/www.novatempo.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.novatempo.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=106"}],"version-history":[{"count":24,"href":"http:\/\/www.novatempo.com\/index.php?rest_route=\/wp\/v2\/pages\/106\/revisions"}],"predecessor-version":[{"id":2719,"href":"http:\/\/www.novatempo.com\/index.php?rest_route=\/wp\/v2\/pages\/106\/revisions\/2719"}],"up":[{"embeddable":true,"href":"http:\/\/www.novatempo.com\/index.php?rest_route=\/wp\/v2\/pages\/121"}],"wp:attachment":[{"href":"http:\/\/www.novatempo.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}