Remove 2004 Remove Chemicals Remove Goal Remove Risk Management
article thumbnail

Why Organizations Forget What They Learn from Failures

Harvard Business Review

After the 2005 explosion, the Chemical Safety and Hazard Investigation Board pushed BP to focus more on safety. But court rulings related to the second explosion found that cost cutting had proceeded, despite the safety risks. The motto becomes “We will launch new products unless it is proved unsafe to do so.”

article thumbnail

How Jamie Dimon Became a Risk Factor

Harvard Business Review

What''s missing, though, is something like this: CEO Risk: Much of JPMorgan Chase''s excellent performance relative to its peers in recent years can be attributed to its Chairman and CEO, who has proved to be a uniquely valuable combination of careful risk manager and hard-driving business leader.