Mastering Enterprise Risk Management with Steven Lustig, Lustig Global Solutions (North Fulton Business Radio, Episode 843)
In this episode of North Fulton Business Radio, host John Ray interviews Steven Lustig from Lustig Global Solutions. The discussion delves into the critical importance of enterprise risk management (ERM) for small and medium-sized businesses. Steven shares his extensive experience in engineering and operations, highlighting how managing risk can improve business outcomes. He explains the concept of ERM, addressing both negative risks and opportunities, and dispels myths about risk management. The conversation covers practical steps for companies to identify, prioritize, and mitigate risks effectively. Steven emphasizes the customizable and scalable nature of ERM, making it accessible for businesses of all sizes. He also shares real-life success stories of implementing ERM and its benefits. Listen to this episode to learn how a structured risk management approach can safeguard your business’s future.
John Ray is the host of North Fulton Business Radio. The show is recorded and produced by the North Fulton affiliate of Business RadioX® inside Renasant Bank in Alpharetta.
Steven Lustig, Lustig Global Solutions
Lustig Global Consulting enhances company value, profitability, and cash flow while addressing key risks that they face by establishing robust, effective supply chain and manufacturing solutions and enterprise risk management programs.
Steven Lustig is a strategic operations executive with 20+ years of experience who held leadership positions in supply chain, project management, manufacturing, and new product introduction at companies ranging from a start-up to a Fortune 100 firm.
Steven has earned Enterprise Risk Management Certified Professional and Six Sigma Green Belt certifications and the Project Management Professional (PMP) designation. He holds a BSME from MIT and MSME and MBA degrees from Georgia Tech.
Topics Discussed in this Episode
00:00 Introduction and Welcome to North Fulton Business Radio
01:50 Meet Steven Lustig: The Risk Management Expert
04:19 Understanding Enterprise Risk Management
06:57 Common Myths About Risk Management
12:39 Real-World Risk Examples and Lessons from the Pandemic
19:38 How to Engage with a Risk Management Consultant
30:00 Success Stories and Final Thoughts
32:47 Closing Remarks and Announcements
Renasant Bank supports North Fulton Business Radio
Renasant Bank has humble roots, starting in 1904 as a $100,000 bank in a Lee County, Mississippi, bakery. Since then, Renasant has become one of the Southeast’s strongest financial institutions, with over $17 billion in assets and more than 180 banking, lending, wealth management, and financial services offices throughout the region. All of Renasant’s success stems from each banker’s commitment to investing in their communities as a way to better understand the people they serve. At Renasant Bank, they understand you because they work and live alongside you every day.
Website | LinkedIn | Facebook | Instagram | X (Twitter) | YouTube
About North Fulton Business Radio and host John Ray
With over 800 shows and having featured over 1,200 guests, North Fulton Business Radio is the longest-running podcast in the North Fulton area, covering business in our community like no one else. We are the undisputed “Voice of Business” in North Fulton!
The show invites a diverse range of business, non-profit, and community leaders to share their significant contributions to their market, community, and profession. There’s no discrimination based on company size, and there’s never any “pay to play.” North Fulton Business Radio supports and celebrates business by sharing positive business stories that traditional media ignore. Some media lean left. Some media lean right. We lean business.
John Ray is the host of North Fulton Business Radio. The show is recorded and produced from the North Fulton studio of Business RadioX® inside Renasant Bank in Alpharetta. You can find the full archive of shows by following this link. The show is available on all the major podcast apps, including Apple Podcasts, Spotify, Google, Amazon, iHeart Radio, and many others.
The studio address is 275 South Main Street, Alpharetta, GA 30009.
John Ray also operates his own business advisory practice. John’s services include advising solopreneurs and small professional services firms on their value, their positioning and business development, and their pricing. His clients are professionals who are selling their expertise, such as consultants, coaches, attorneys, CPAs, accountants and bookkeepers, marketing professionals, and other professional services practitioners.
John is the national bestselling author of The Generosity Mindset: A Journey to Business Success by Raising Your Confidence, Value, and Prices.
