Harvard Business Review

AUGUST 13, 2012

A terrorist incident, a breakdown of the London rail system, power blackouts, volcanic ash clouds , flooding, an outbreak of infectious disease—the London organizing committee (LOCOG) and the International Olympic Committee (IOC) spent years thinking about every scenario they could imagine.

Risk Management 14

Risk Management Management Committee Insurance 14

Harvard Business Review

MARCH 7, 2017

But with the departures of a number of high-level HR leaders in late 2016, head of operations Ryan Graves largely took on the head HR role in addition to his other duties. As Pete Ramstad and I note in Beyond HR , leaders often have far better developed frameworks for the value proposition of the finance function than for HR.

Compliance 9

Compliance Hedge Human Capital Finance 9

Harvard Business Review

SEPTEMBER 11, 2017

And they count on well-intentioned, smart people sitting in a committee to decide which ideas are worth pursuing. Instead of having a committee vet ideas, they need a process that operates with speed and urgency , and that helps innovators and other stakeholders to curate and prioritize problems, ideas, and technologies.

Process 10

Process Innovation Incubator Committee 10

Harvard Business Review

AUGUST 23, 2016

Boards of companies operating in the consumer discretionary industry have a disproportionately high representation of Democrats, while boards operating in the industrials and energy and utilities industries skew more Republican. Both Republicans and Democrats say the most effective board committee is audit/finance.

Politics 8

Politics Committee Telecommunications Diversity 8

Harvard Business Review

OCTOBER 6, 2016

Hearings last month before the Senate’s banking committee and the House’s Financial Services Committee point to further dangerous cultural dynamics inside Wells Fargo. According to Stumpf’s testimony, a board committee became aware of the fraud “at a high level” back in 2011.

Banking 8

Banking Committee Leadership Ethics 8

Harvard Business Review

MAY 15, 2014

The report describes the company’s governance response and changed compliance framework — from holding 20 audit committee meetings in 2014, to substantial organizational restructuring, to enhanced education and training. On paper, Walmart appears to have adopted many best practices and to have set out a sound plan for moving forward.

Compliance 8

Compliance Committee Globalization CEO 8

Harvard Business Review

FEBRUARY 2, 2016

You’ll often find customer relationship management within marketing, budgeting within finance, supply-chain management within operations, outsourcing within procurement, training within HR, and new product development within R&D. Some of the first business functionaries were railroad telegraph operators who managed schedules.

Development 8

Development Supply Chain Incentives Outsourcing 8

Harvard Business Review

MAY 23, 2017

.” A new clinical model based on an advanced illness-management program one of us (Brad) developed at Sutter Health, an integrated system in Northern California, demonstrates how to increase quality while dramatically reducing costs. This model doesn’t leave patient choice to chance; it’s hardwired into clinical operations.

Health Care 8

Health Care Sharpe Document Cost 8

Harvard Business Review

DECEMBER 12, 2016

The starting point for achieving value in any health care system is to measure outcomes. Although this can present leadership challenges related to shifting strategy, culture and operations, it certainly isn’t rocket science. Set Up a Steering Committee and Project Team. Map Patient Pathways and Clinic Operations.

Health Care 8

Health Care Committee Compliance Project 8

Harvard Business Review

JULY 20, 2015

This advice, adapted from the book Finance Basics , will help you better understand how to create a useful budget. Your job now is to look at big-picture items such as computer systems and to determine how all the smaller-scale budgets fit together. Instead, ask yourself what the budget shows about last year’s operations.

Budgeting 8

Budgeting Finance Cost Price 8

Harvard Business Review

JULY 19, 2016

Some institutions, such as the Canada Pension Plan Investment Board , are stand-alone legal entities with an independent board and a requirement to operate at arm’s length from government. Autonomy for pension institutions starts with a strong governance framework.

Politics 8

Politics Hedge Constraint Committee 8

Harvard Business Review

JANUARY 27, 2017

But only the human oversight committee approves what gets “autonomized” and how it is implemented. In theory, the organizational challenges of algorithmic autonomy map perfectly to which processes or systems are being made autonomous. The top-down approach invariably creates interpersonal and inter-process frictions.

Outsourcing 8

Outsourcing Software CAPEX Competitive Advantage 8

Harvard Business Review

MAY 31, 2012

Such determination is subject to ratification by (and for an award to the CEO would be made by) the [Board's] Compensation & Management Development Committee. Dimon is scheduled to testify before the Senate Banking Committee in early June. There can be little doubt that the trading fiasco has harmed JP Morgan.

CIO 8

CIO Committee Risk Management Banking 8

Harvard Business Review

FEBRUARY 8, 2013

Business units come and go, but finance, HR, IT, marketing, legal, and R&D are forever. For example, Walmart doesn't succeed just because of a strong operations group. They are helping evaluate the current state of their company's capabilities system, and suggesting ways to bring it closer to its potential.

Supply Chain 8

Supply Chain Real Estate Short-term Merchandising 8

Harvard Business Review

APRIL 24, 2017

At the other end of this dimension is the broader context, where politics operates at the organizational level. It might also include political capital that arises from membership of or strong ties to a high status group such as the finance committee, a special task force, or the senior management team. The High Ground.

Politics 11

Politics Bureaucracy Long-term Short-term 11

Harvard Business Review

OCTOBER 1, 2013

Some people I interviewed said that some talented managing directors now decline joining operating or risk management committees or being designated as “Material Risk Takers” because of the accompanying liability and restrictions on their ability to sell stock. Compensation Finance Organizational culture'

Banking 8

Banking Risk Management Constraint Finance 8

Harvard Business Review

JUNE 13, 2012

At a meeting on April 8, Drew assured Dimon and the operating committee of JPMorgan that the trades were being well managed and would work out. Dimon likely would not have approved of the bets if he had known they were occurring.

Banking 9

Banking Kahneman Document Simon 9

Harvard Business Review

DECEMBER 8, 2016

Rogier hadn’t once mentioned holacracy or self-managed teams, even though the executive team and the board had been talking for months about transitioning to just such a system at the global construction company. He now had only one major—and very vocal—opponent: Vera Hoch, the head of the audit committee.

Case Study 8

Case Study Decentralization CFO Construction 8