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Stop Trying to Control People or Make Them Happy

Harvard Business Review

Yet managers continue to follow Taylor’s “hard” approach — creating new structures, processes, and systems — when they need to address a management challenge. Hence, the introduction of, say, a risk management team or a compliance unit or an innovation czar. Indeed, if anything, their continued use is making things worse.

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Joint Ventures Reduce the Risk of Major Capital Investments

Harvard Business Review

The latest nuclear reactor designs, promising higher safety, longer operating life, and lower operating costs, cost up to $25 billion after factoring in the huge budget overruns. The common idea behind these models is that the company does not have to be the (full) owner of the asset to be its (sole) operator.

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Three Questions You Should Ask About Your Cyber-Security

Harvard Business Review

How do we protect intellectual property and other sensitive business information while also encouraging collaboration in product development processes? Almost all companies have to share sensitive data with vendors and channel partners to operate modern supply chains smoothly.

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The Comprehensive Business Case for Sustainability

Harvard Business Review

When firms fail to establish good relationships with their stakeholders, it can lead to increased conflict and reduced stakeholder cooperation. This can disrupt a firm’s ability to operate on schedule and budget. ” Improving risk management. ” Improving risk management.

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Purchasing Managers Have a Lead Role to Play in Cyber Defense

Harvard Business Review

Our research suggests that many procurement professionals do not consider vendors’ cybersecurity capabilities to be an important factor in selecting or developing top-tier suppliers. Hold supply managers accountable. Embed cybersecurity measures in contracts with third parties.

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The Rise of the General Counsel

Harvard Business Review

But from a business person's point of view, Sorkin and other writers in the section don't even discuss one of the most important developments of the last 25 years: the rise in the role, status and importance of the general counsel and other inside lawyers employed directly by the corporation. In these, financial incentives are aligned (i.e.,

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It’s Never Been More Important for Big Companies to Listen to Local Communities

Harvard Business Review

Look no further than the recent protests against the completion of the Keystone and the Dakota Access pipelines , or the opposition that stopped the development of the Cape Wind Associates’ offshore wind farm in Nantucket Sound. Conflicts like these with local communities are not only divisive, they are expensive.