Using science to outperform your competitors

RISK MANAGEMENTQUALITY MANAGEMENT

Dan Meredith

5/27/20251 min read

What separates the good companies from the great ones?

It’s not just strategy or leadership. It’s discipline. The best-performing companies don’t accidentally drive improvement in their business. They apply structured, science-backed methods to stay ahead.

Some of the largest companies operating in Australia know it. BHP has its Business Operating System (BOS) and Rio Tinto it’s PACE consulting program, these are not buzzwords. They are carefully designed continuous improvement systems, grounded in lean principles, systems thinking, and behavioural science. They’re not just about efficiency; they’re about building a culture that seeks out better ways of doing things.

Importantly its not all about value creation. These same companies make enormous investments protecting value in the form of risk management. Not because it’s fashionable, but because the data proves it works. Avoiding catastrophic losses, improving predictability, and enhancing operational resilience all translate directly to shareholder value.

The reason “blue-chip” companies do these things? They work, and there is a significant body of academic literature saying the same thing. There’s a clear and proven return on investment, whether capturing upside opportunities or managing downside risks.

Talk to ⚡Virtus Advisory⚡ to find out how.