Creation of an Early Warning Signals Guidelines for Companies in Luxembourg by Combining Research and Business Strategy Expertise

fr en

In today’s market, the frequency of changes and the corresponding impacts on companies are constantly increasing. However, such issues do not emerge without warnings: weak signals can be used to anticipate opportunities, risks and/or threats. 

<< Back
13/01/2022 | Partenariat
  • Mindforest

MindForest and Luxembourg School of Business have decided to partner together and work on developing guidelines to help companies understand the need to sense, seize and reconfigure early warning signals (EWS) as a part of their daily business. 

“While writing a book on the restructuring of companies, I figured out that lots of restructuring projects would have become obsolete, if the companies had been familiar with the use of weak signals. Missing those signals, being late in their reception and processing or not being capable of launching corrective actions either drives companies into a crisis or prevents them from exploiting their potential for success. However, in this particular case I was lucky enough to talk about the subject with Nico Hoffeld from MindForest. And both came to the conclusion that a joint effort for increasing the awareness of the importance of EWS and providing concrete guidelines aboutr using them could help Luxembourgish companies to increase their competitiveness.” said Dr. Dino Dogan, the Dean of Luxembourg School of Business. Nico Hoffeld, Managing Partner at MindForest, added “As soon as I learnt more about the subject, I realized just how crucial this could be to the business community. Given our work in the field of Change Management, we have always placed considerable importance on the use of a comprehensive risk matrix, but this research into EWS has the potential to take this approach to a higher level and provide enormous advantages for many different fields of industry.” 

Following a period of interviews, conducted by the team of researchers, with a panel of senior managers and representatives of well-known Luxembourg companies, a global survey will be launched on February 22nd 2022 and shared with the business community in Luxembourg. The survey results will be analyzed and summarized in an executive report and guidelines to raise awareness of the benefits of using early warning signals in making strategic business decisions. 

Back to top  | << Back

Communiqués liés

Gcore Recognised as Highly Commended in the Industry Innovator Category at the EMEA NVIDIA Partner Network Awards
23/04/2024

Gcore Recognised as Highly Commended in the Industry Innovat...

Gcore acknowledged for successful launch of first AI speech-to-text solution for...

GCore
Deloitte Luxembourg MOMENTUM2024
22/04/2024

MOMENTUM 2024 drives sustainable solutions forward

Deloitte’s annual MOMENTUM Conference fosters a dynamic exchange between indus...

Deloitte
IMG 3541
18/04/2024 Personnalités

Nouvelle recrue au service client de NO-NAIL BOXES : Nadine ...

NO-NAIL BOXES, le fabricant luxembourgeois de caisses pliantes en bois contrepla...

NO-NAIL BOXES
download
16/04/2024

Réseau ETRE est le nouveau lauréat du Degroof Petercam Fou...

Réseau ETRE remporte la sixième édition du Degroof Petercam Foundation Award....

Degroof Petercam
Job Shadow Day ALIPA
16/04/2024

Le Groupe ALIPA accueille une étudiante dans le cadre du Jo...

ALIPA Group, spécialiste du levage et de l’emballage industriel, a accueilli ...

ALIPA Group
Bryan Crawford - Quintet

Quintet lance le premier d’une série de nouveaux fonds e...

La banque privée européenne lance un fonds d’actions américaines sous gesti...

Quintet Private Bank

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more