Harvard Business Review

MAY 23, 2012

Managing risks — especially the hard-to-pin-down, moving-target risks that any financial trading operation has to cope with — inevitably involves arguing. You want diverse, even opposing viewpoints. To navigate such unquantifiable hazards, then, you need to make judgment calls. When that happens, everybody loses.

Management 10

Management Risk Management Competitive Intelligence Hedge 10

Harvard Business Review

SEPTEMBER 11, 2013

Yet a vast body of research now points to the import of contemplating diverse, dissenting views. military operations in Vietnam. Or are you actively signaling that you want to hear views different and diverse and in opposition to your own? On Facebook we defriend those with different political views to our own.

Consensus 8

Consensus Hedge Diversity Stress 8

Harvard Business Review

SEPTEMBER 11, 2013

Yet a vast body of research now points to the import of contemplating diverse, dissenting views. military operations in Vietnam. Or are you actively signaling that you want to hear views different and diverse and in opposition to your own? On Facebook we defriend those with different political views to our own.

Consensus 8

Consensus Hedge Diversity Stress 8

Harvard Business Review

SEPTEMBER 26, 2011

Caterpillar , for example, publishes its dealer sales statistics by region each month, while the Spanish bank Santander puts out a newsletter with key operating results and commentary. I hope we have a diverse and stimulating conversation. Acting and communicating in this fashion will also start to attract long-term investors.

Long-term 8

Long-term CEO Short-term McKinsey 8

Harvard Business Review

FEBRUARY 3, 2015

Your network’s strategic advantage and, therefore, the extent to which it helps you step up to leadership, depends on three qualities: Breadth: Strong relationships with a diverse range of contacts. Breadth: How Diverse Is Your Network? Dynamism: A dynamic set of extended ties that evolves as you evolve.

How To 8

How To Diversity Letter Learning-by-Doing 8

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. That is like setting up a finance organization to do exotic risk hedging before putting in place basic reporting and compliance.

Compliance 11

Compliance Hedge Human Capital Finance 11

Harvard Business Review

JUNE 12, 2012

Conglomerates are defended for their synergies, and for the benefits of diversity as a hedge against failure in one sector (though this argument is often oversold by management, since shareholders can diversify and thus hedge risk for themselves). But conglomerates are inherently more vulnerable than other companies.

Welch 8

Welch Diversity Hedge Chemicals 8

Harvard Business Review

OCTOBER 19, 2012

came home from her job as a diversity consultant at JP Morgan Chase. On this day, though, she had just been asked to describe the "business-case for diversity" for her firm. What, they asked her, was the most powerful argument for promoting diversity — outside of ethical and legal ones? He was dead serious.

Succession 16

Succession Diversity Open-book Innovation 16

Harvard Business Review

SEPTEMBER 26, 2012

We rightfully add safety systems to things like planes and oil rigs, and hedge the bets of major banks, in an effort to encourage them to run safely yet ever-more efficiently. The reasons are rooted partly in the pernicious nature of complexity, and partly in the way that human beings psychologically respond to risk.

Banking 8

Banking Crisis Hedge System 8

Harvard Business Review

JANUARY 23, 2012

Dig deeper and you'll find that the diversity of views usually corresponds with how executives frame the problem. These moves require limited investment while providing critical hedges against unexpected changes in the marketplace. Heins needs to pay attention up front to defining the challenges carefully.

Strategy 15

Strategy CEO Strategic Planning Consensus 15

Harvard Business Review

JUNE 26, 2017

The four-story glass building designed by Norman Foster seamlessly integrates a long and diverse list of technical achievements — from the enormous solar panel array on the roof to hidden cable management mechanisms at the workstations — all according to Jobs’s uncompromising design standards. It is not a hedge.

Real Estate 8

Real Estate Technology Hedge Project 8

Harvard Business Review

NOVEMBER 11, 2016

As we have described in Your Strategy Needs a Strategy , businesses will need to adopt the right approach to strategy and execution, depending on the predictability, malleability, and harshness of each environment they operate in. We are living in an era where macro effects can easily swamp competitive and operational considerations.

Strategy 9

Strategy Uncertainty Long-term Politics 9

Harvard Business Review

OCTOBER 20, 2011

And functionally, there is no longer a need to ration financial resources; there's more money available than can be productively invested—which is why the financial industry is only minimally about investing, and all about flipping, swapping, hedging, engineering, and other forms of lever-pressing.

ROE 12

ROE Debt to Equity Ratio Innovation Incentives 12