Risk Management Best Practice 5a – Monitoring for Organization-Wide Performance Risk Associated with Large Capital Projects

Strategy Driven

Large capital projects represent a significant investment on the part of an organization and can therefore impact, either positively or negatively, the company’s financial position, if not its viability. Corporate Risk Analysis, Management, and Mitigation.

Risk Management Warning Flag 1 – Unadjusted Resourcing of Risk Monitoring Activities

Strategy Driven

Major projects typically add significant operational, financial, reputational, and regulatory risk to an organization’s overall risk profile. This project risk may by itself exceed the normal level of organizational risk leaders are accustomed to dealing with.

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The Big Picture of Business – Achieving the Best by Preparing for the Worst: Lessons Learned from High-Profile Crises, part 4 of 4

Strategy Driven

Crisis management is so much more than handling of the media. We therefore mounted a full-scope crisis management initiative that focused heavily on after-the-crisis help for the victims and their families. There are three aspects to Crisis Management and Preparedness.

StrategyDriven White Paper Advises Leaders on Preventing Catastrophic Industrial Accidents

Strategy Driven

StrategyDriven’s Preventing Catastrophic Industrial Accidents reveals how high-risk industry leaders can reduce their significant event risk exposure through application of safety-first principles. StrategyDriven Risk Management Forum.

28 Leadership Development Recommendations for your Individual Development Plan

Great Leadership By Dan

John Hunter , from Curious Cat Management Improvement Blog , says “ One item I think every leader should have in their IDP is to continue to improve coaching their staff. Developing others is the key competency that distinguishes "leaders" from "managers".

StrategyDriven Enterprises Extends its Energy Advisory Services, Partners with NTE Solutions

Strategy Driven

StrategyDriven Enterprises, LLC and NTE Solutions partner to provide energy industry executives and managers with asset lifecycle management and regulatory compliance advisory services. Risk management and compliance. Project development and management.

StrategyDriven Advisory Services helps businesses become more operationally effective

Strategy Driven

As such, StrategyDriven Advisory Services was created to provide executives and managers with the insights of highly experienced peers who are themselves successful business leaders. Program and project management. Operations and operational risk management.

Are You Really Ready for an Acquisition?

Harvard Business Review

Predictions are that 2013 will be even more active as companies that have stockpiled cash look to invest in new growth opportunities. More importantly, it will give you a basis for dialogue with other managers about their expectations for change, which might be different than yours.

The Most Overlooked Part of Your Data Security

Harvard Business Review

This rush to upgrade, however, creates a challenge: large numbers of excess electronics must be managed and disposed of properly. During a recent IT asset disposal project for a large New York bank, a chain-of-custody audit revealed three computers were untracked.

How to Have the IT Risk Conversation

Harvard Business Review

Surprisingly, many people say it was "how to have the IT risk conversation.". As one CFO told me, the phrase "IT Risk" contains two dirty words. The word risk makes him feel uncomfortable. For example, ask yourself: do your security people think about agility risks?

What the NHL Lockout Reveals About Capital and Labor

Harvard Business Review

To investigate this question, I interviewed Roger Martin , the Dean of the Rotman School of Management at the University of Toronto in Canada. The NFL has managed this shift quite remarkably, in a fashion that has gotten them so that virtually very team is profitable.

Sell Your Product Before It Exists

Harvard Business Review

While most startups who set up pages on Kickstarter, Indiegogo or a host of other crowdfunding sites are looking to hit a specific goal and then get started making their project a reality, a new crop of businesses are using the platform for as a wholly different business model: selling their product before it exists. Coin has managed to test the market without ever actually releasing the physical product. Product development Risk management Sales

Reis 12

The CEO Who Led a Turnaround Wearing a Helmet

Harvard Business Review

The company had been without a CEO for nine months, the earnings and stock price were in the tank, good people were running for the exits, and multiple projects in recent years had failed. Progress was stalled even though safety was emphasized in the charter and it was something he asked every senior manager about. It’s the best way to advance when “you are in a cognitive minefield”—when you don’t know enough, risks are high, or you are stuck.

Too Big to Manage: JP Morgan and the Mega Banks

Harvard Business Review

Are these huge major financial institutions not just too big to fail, their leaders “too big to jail” (as some critics charge), but also “too big to manage”? Poor controls over risk and valuations. These business leaders must, however, be aided by highly competent legal, financial, risk, compliance, audit and technology staff. It is a vexing, complicated task which requires both outstanding leadership and management.

What Gamers Can Teach Us About Fraud

Harvard Business Review

Since 2010 , big consumer brands such as NBC, Walgreens and Southwest Airlines have all launched major projects that center around gaming. It may seem odd to non-game players that someone would risk criminal charges to purchase virtual items, but it does happen — a lot.

C'mon, IT Leaders. Take a Chance!

Harvard Business Review

Businesses mostly seek to avoid risk. Leaders equate risk with potential failure, so organizations have morphed into hierarchical, fixed systems to constrain variability within an acceptable range that has become progressively narrower. Understanding Risk. IT management

Learning from Bad Decisions in “Disaster Lit”

Harvard Business Review

In 2009 Swidey wrote a two-part story in the Globe Magazine reconstructing the accident, but afterward he remained interested in the larger questions raised by the incident — specifically in how organizations manage risky projects, and how decisions can go tragically wrong. “If

Why Organizations Should Embrace Randomness Like Ant Colonies

Harvard Business Review

” Without any central control, “food acquisition strategy” or risk management, ants are one of the most successful species on the planet, 10 million billion strong, giving them roughly the same global biomass as humans. Most try to decrease randomness, with executives conducting feasibility studies and risk analyses or tightening budgets, introducing more processes, standardizing operations. Managing people Managing uncertainty Organizational culture

14 Principles that Made Amazon

Skip Prichard

Steve Anderson spent his career in the insurance industry focused on risk and business growth. He is a leading authority on insurance, risk management, technology, and innovation. Management Advice from Jeff Bezos. How You Can Learn from Amazon.

Is Your Next Great CEO a Management Consultant?

Harvard Business Review

There are a variety of places where corporations and boards look for potential CEOs, but the leagues of management consulting generally isn’t one of them. So why should a company consider hiring a management consultant to be their CEO? When they did take the helm of a company, they tended to improve the condition of the company over the course of their tenure more often than other leaders — 71% of the time versus 42% for those without management consulting backgrounds.

How We Think About Innovation at Cisco

Harvard Business Review

A 2013 study found that companies with a diverse workforce – both culturally and in terms of professional experience – “out-innovate and out-perform others. No one doubts that the future belongs to the Internet of Things.

CAGR 16

How to Tie Executive Compensation to Sustainability

Harvard Business Review

Meanwhile, in a survey of 89 institutional investors by Callan , 43% of respondents said they incorporate sustainability factors into their investment decisions — up 21 percentage points from 2013. Patrizia Savarese/Getty Images.

The Leadership Blind Spots at Wells Fargo

Harvard Business Review

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. They had a fuller discussion in 2013–2014 — around the time when media reports of the illicit behavior first surfaced. Why risk it?

Writing Your Résumé When Your Job Title Doesn’t Reflect Your Responsibilities

Harvard Business Review

So here’s how she made sure her résumé attracted the attention of hiring managers when she started applying for chief administrative officer (CAO) positions. Manage junior staff and evaluate performance. This was Sasha’s summary: Department Administrator – Efficiency Expert – Staff Manager - Crisis Handler. Initiate whatever needed to ensure projects’ success. Equally adept at managing people and operations.

COO 13

The Comprehensive Business Case for Sustainability

Harvard Business Review

These require sophisticated, sustainability-based management. ” Improving risk management. Climate change, water scarcity, and poor labor conditions in much of the world increase the risk. In the largest study on climate change data and corporations, 8,000 supplier companies (that sell to 75 multinationals) reported on their level of climate risk. Water-related risks threaten to strand billions of dollars for mining, oil, and gas companies.