Harvard Business Review

MAY 23, 2012

The recent disclosure of a multi-billion dollar trading loss at JPMorgan Chase reminds us again of the challenge and complexity of risk management, the subject of our June 2012 HBR article, "Managing Risks: A New Framework." But for certain categories of risk, this is a false and dangerous assumption.

Risk Management 9

Risk Management CIO Management Banking 9

N2Growth Blog

OCTOBER 18, 2010

The fact of the matter is that senior executives who rise to the C-suite do so largely based upon their ability to consistently make sound decisions. Decisions made at the gut instinct or data level can be made quickly, but offer a higher level of risk.

Blog 386

Blog Analysis CEO Brand 386

Strategy Driven

DECEMBER 20, 2019

Project management is a process that involves planning, executing, and managing a project to ensure successful project delivery. There are essential aspects of the project, such as scheduling, monitoring, and closing the project that is a part of the project manager’s responsibilities. Project Management Principles.

Project 13

Project Management Budgeting Definition 13

N2Growth Blog

MAY 16, 2010

If your company’s long-term business plan requires the acquisition, or retention of the uber employee then your business not only has a risk management issue, but it is likely not scalable. Talent is clearly a plus as long as it is a value add and not a business requirement.

Business Model 295

Business Model Brand Blog Supply Chain 295

Harvard Business Review

JULY 17, 2017

When I ask students graduating from Harvard Business School what they’re doing next, I often get some version of “I’m going into finance but…” Then they quickly explain that finance is just a way station on the route to nobler goals. And it is truly fascinating.

Finance 8

Finance Insurance Career Reputation 8

Strategy Driven

DECEMBER 15, 2015

Previous to our technological advancements, the only way businesses could manage their multiple consumer platforms, numerous transactional tasks, and recover from data emergencies was to outsource to a variety of vendors. Here are three key strategies any business can adopt in the coming year to boost profitability: 1.

Strategy 50

Strategy Outsourcing Process Technology 50

Strategy Driven

NOVEMBER 6, 2015

Sometimes the difficulty of managing your time makes for a haphazard operation. Time management and “just in time” concepts are applied. Assets are adequately valued and managed. Strategic Plan includes provisions for refinancing, equity and debt financing. Finance charges are negotiated.

Succession 50

Succession Strategic Planning Budgeting Goal 50

Harvard Business Review

NOVEMBER 9, 2012

In an uncertain and volatile world, risk management — a previously unsexy subject for many managers who created annual updates or reviews of their company's risk management plans — is now a front-burner issue for many. This assumption may be fundamentally flawed.

Supply Chain 8

Supply Chain Chief Procurement Officer Risk Management Management 8

Harvard Business Review

NOVEMBER 20, 2017

Still, top executives continue to stumble in the way they respond to an attack, magnifying and extending the damage both to their reputation and their customers. Here are the missteps executives make time and again, and advice for avoiding these pitfalls: Foot dragging. Insight Center. The Human Element of Cybersecurity.

Execution 8

Execution Press Release Report Reputation 8

Harvard Business Review

DECEMBER 2, 2011

The exponential growth in executive compensation over the last thirty years, as compared to slow growth in average worker pay, has been at the center of debates about the financial crisis and its aftermath. studies: UK executive salaries have risen by up to 5,000 per cent since 1980, compared with 300 per cent increase for the average worker.

Politics 14

Politics Execution Report Risk Management 14

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. The words "risk management" usually evokes less subjective, more data-driven pursuits. But data and objectivity can only get you so far.

Management 10

Management Risk Management Competitive Intelligence Hedge 10

Harvard Business Review

APRIL 19, 2016

Leaders of corporate strategic development need to analyze all of these considerations and be prepared for disruption to ripple through many functions — not just product development and manufacturing, but also finance, tax, legal, human resources, and IT. IP piracy will be another major complication. Are there operations you would shed?

Supply Chain 8

Supply Chain Execution Analysis Technology 8

Harvard Business Review

JUNE 13, 2012

For enterprise risk management, key policies include a statement of risk appetite and explicit risk tolerance levels for critical risks. The company's performance measurement and incentive systems, and the degree to which risk management is considered, will also have a profound impact on employee behavior.

Management 12

Management Banking Committee Risk Management 12

Harvard Business Review

AUGUST 9, 2018

Businesses are constantly experimenting with new ways to use artificial intelligence for better risk management and faster, more responsive fraud detection — and even to predict and prevent crimes. So how are leading-edge companies evaluating the benefits and risks of rapidly evolving AI crime-fighting and risk management?

Banking 8

Banking Strategic Fit Risk Management Real Estate 8

Harvard Business Review

OCTOBER 10, 2017

Precision made it easy for managers to oversee their employees. Every spot on every line was visible to managers. But Bernstein and his team observed that when managers were not watching, employees secretly developed and shared better ways of doing the work. This is also true of executives.

Organization 12

Organization Tactics Call Center Metrics 12

Harvard Business Review

MARCH 1, 2016

Just in case you’ve forgotten, a manager in a matrix organization has two or more upward reporting lines to bosses who each represent a different business dimension, such as product, region, customer, capability, or function. The executives in charge of the various groups sit together naturally in the top management team.

Organization 8

Organization P&L Report Finance 8

Harvard Business Review

MAY 15, 2013

Not surprisingly, as Jean Rogers, the Executive Director of the Sustainability Accounting Standards Board (SASB), points out in a Greenbiz blog , "It''s no surprise that banks and financial sectors are the institutions least trusted by U.S. Finance Sustainability SASB' environmental, social, and governance — or ESG) performance.

Banking 8

Banking Licensing Finance Insurance 8

Harvard Business Review

MAY 16, 2017

Let’s look at how a couple of job hunters I’ve worked with, an administrative assistant and a C-suite executive, translated their notes into effective résumés. Manage junior staff and evaluate performance. Manage and evaluate performance of work-study students and graduate assistants.

COO 13

COO Chief Operating Officer Transportation Real Estate 13

Harvard Business Review

MARCH 22, 2018

Yes, because the impact of employee misconduct extends beyond the individual and even the firm — in finance it can affect the safety, soundness, and effectiveness of the financial sector and the broader economy. In the case of pollution, externalities motivate government intervention. Principal-agent problems. Adverse selection.

Company 12

Company Banking Incentives Human Capital 12

Harvard Business Review

MAY 31, 2012

What makes this case of corporate accountability so important is that it is a discretionary matter of "private ordering" under JP Morgan risk management policies, not under a mandatory rule contained in Dodd-Frank. They could be appropriate for Dimon, but so could a compensation action about future variable comp.

CIO 8

CIO Committee Risk Management Banking 8

Harvard Business Review

OCTOBER 1, 2013

million from $23 million, after the London Whale loss (even as they cut his pay, the board praised Dimon for responding “forcefully” to the trading loss, presiding over an overhaul of the bank’s risk management, and getting rid of the responsible executives).

Banking 9

Banking Risk Management Constraint Finance 9

Harvard Business Review

JANUARY 27, 2017

At some of the world’s most successful enterprises — Google, Netflix, Amazon, Alibaba, Facebook — autonomous algorithms, not talented managers, increasingly get the last word. Elite MBAs (Management by Algorithm) are the new normal. The implications of success scare them more than the risk of failure.

Outsourcing 8

Outsourcing Software CAPEX Competitive Advantage 8

Harvard Business Review

FEBRUARY 9, 2015

Its directors have turned over many times, of course, but Trian Fund Management, led by activist Nelson Peltz, is pressing for far more than a routine remake, demanding four seats of its own choosing at the table. Much the same occurred at Canadian Pacific Railway in 2012, when Pershing Square Capital Management acquired control of its board.

Airlines 8

Airlines CEO Automotive Long-term 8

Harvard Business Review

OCTOBER 6, 2016

Former employees have alleged a “soul-crushing” culture of fear and daily intimidation by managers, where they were pressured to reach extreme sales goals, some by breaking the law. Along with fixing the sales culture, the bank will have to address these critical management issues to prevent the next scandal.

Banking 10

Banking Committee Leadership Ethics 10

N2Growth Blog

SEPTEMBER 22, 2010

Not only do great CEOs understand how to recruit a top executive team, but they also understand how to build cohesion among team members through collaboration while addressing specific situational and contextual needs. And I can assure you that any CEO who views him/herself as an army of one will fail.

Team Building 284

Team Building Blog Team CEO 284

Harvard Business Review

MAY 1, 2012

Fastow's message, an important one for all managers and potential managers, has two key points. First, the rules provide managers with discretion to be misleading. The problem is that attorneys, accountants, managers, boards, and bankers are not gatekeepers; rather, they are there to help businesses execute deals.

Chief Financial Officer 11

Chief Financial Officer Finance Banking Class 11

N2Growth Blog

JANUARY 13, 2011

You see, while creativity is a clearly a valuable asset, unbridled creativity where random, disparate ideas abound outside of a sound decisioning and execution framework will create distraction and chaos much more often than they will lead to innovation. Every task should be assigned and managed according to a plan and in the light of day.

Blog 373

Blog Innovation Strategic Planning Brand 373

Harvard Business Review

APRIL 15, 2014

Many executives, eager to avoid over-investing in the wrong ideas, are intrigued by this approach, but they’re leery of putting unpolished products and services out in the market. Innovation Product development Risk management Tech industry' Might we tarnish our brand? Look across adjacent industries.

Brand 8

Brand Productivity Products Mass Marketing 8

Harvard Business Review

JULY 31, 2013

This is the new frontier for reputation risk management. On average, buyers progress nearly 60% of the way through their purchase decision-making process before engaging with a sales representative, according to Corporate Executive Board (link is PDF). If you don''t tell your story, others will tell it for you.

Media 10

Media Reputation Brand Participative 10

Harvard Business Review

MARCH 20, 2015

This technology knowledge is piled on top of existing expertise nurse executives are expected to have about clinical practice, patient experience, finance, safety, employee relations, process improvement, leadership development, and managing interdisciplinary teams. This problem is not limited to top management, however.

Six Sigma 8

Six Sigma Health Care Supply Chain Technology 8

Harvard Business Review

DECEMBER 15, 2017

My conversations with executives, particularly those from western multinationals, often focus on the high cost and difficulty of doing business in India as one of the biggest disincentives for them to invest in the country. Executives should deprioritize these states. over the next three years.

Strategy 8

Strategy Operations Policies Environment 8

Harvard Business Review

APRIL 3, 2015

In recent years, investors have learned that defining the market value of a firm cannot just be based on finances. Organizational refers to the systems these leaders create to manage leadership throughout the organization and the application of organization systems to specific business conditions.

Marketing 8

Marketing Leadership Venture Capitalist GAAP 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. In this case as well, the losses occurred without necessary controls in place and without the awareness of senior executives. MORE ON MANAGING RISKY BEHAVIORS. What's Your Risk Attitude?

Banking 9

Banking Kahneman Document Simon 9

Harvard Business Review

DECEMBER 28, 2017

Even before announcing his new cabinet, Mnangagwa installed a key reformist, Patrick Chinamasa, as acting finance minister, tasked with tackling corruption and re-engaging with international institutions to unlock funds to ease liquidity shortages. Most importantly, executives have to follow developments closely.

Banking 8

Banking First-mover Advantage Politics Finance 8

Harvard Business Review

FEBRUARY 6, 2013

To reduce the risks however, there are two steps that managers can take to make sure their firms are ready for the challenges of integration before committing to an actual deal. More importantly, it will give you a basis for dialogue with other managers about their expectations for change, which might be different than yours.

Compliance 8

Compliance Resources Consultative Document 8

Harvard Business Review

FEBRUARY 2, 2012

This status quo is unacceptable: any organization that invests more time and thought into designing performance bonuses than considering clawbacks is guilty of bad behavioral economics and even worse management.

Incentives 14

Incentives Committee Banking Long-term 14

Harvard Business Review

NOVEMBER 23, 2010

Savage is the author of The Flaw of Averages (Wiley, 2009) and of an HBR article with the same title , chairman of Vector Economics , Inc (VectorEconomics.com), an adjunct faculty member at Stanford and Cambridge, and a frequent lecturer on risk modeling.

Airlines 14

Airlines Report Guidelines Discount 14