Strategy Driven

NOVEMBER 6, 2015

Strategic Plan includes provisions for refinancing, equity and debt financing. Finance charges are negotiated. CEO accepts and ideas and philosophies with employees and stakeholders. Accounting firm utilization plan is annually updated, with realistic, measurable goals. Maintains active community relations program.

Succession 50

Succession Strategic Planning Budgeting Goal 50

Harvard Business Review

NOVEMBER 23, 2016

These threats change the risk management calculus of firms hoping to succeed in a more turbulent world. Owning up to our own behavioral biases is a worthwhile starting point to discussing the problem of managing infrequent, severe events. Start-ups are particularly at risk today because of both their size and age.

Insurance 8

Insurance Risk Management Finance Supply Chain 8

Harvard Business Review

JULY 25, 2016

Commentators and researchers have focused on the crucial role of the CEO in leading effective corporate action to promote high performance, high integrity , and sound risk management. Also, the GC now often leads units beyond the legal department, such as public affairs, taxes, and environment. Compliance.

CFO 8

CFO Chief Financial Officer Compliance Due Diligence 8

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

N2Growth Blog

SEPTEMBER 22, 2010

And I can assure you that any CEO who views him/herself as an army of one will fail. Whether you like it or not, your success as a CEO will be largely tied to your team building ability. Great CEOs realize the importance of being consistently, purposefully and intensely engaged with their CXOs.

Team Building 284

Team Building Blog Team CEO 284

Harvard Business Review

MAY 27, 2011

Indeed, a 2006 campaign by the company's PR firm only made matters worse until Lee Scott, the previous CEO, temporarily turned things around. In my opinion, the following redress is a shortlist of measures Walmart managers might undertake to begin accomplishing this feat: Incorporate reputation risk management into the corporate strategy.

Engineering 14

Engineering PR How To Reputation 14

Harvard Business Review

JANUARY 27, 2017

Charismatic CEOs enjoy leading and inspiring people, so they don’t like delegating critical business decisions to smart algorithms. At some of the world’s most successful enterprises — Google, Netflix, Amazon, Alibaba, Facebook — autonomous algorithms, not talented managers, increasingly get the last word.

Outsourcing 8

Outsourcing Software CAPEX Competitive Advantage 8

Harvard Business Review

FEBRUARY 9, 2015

To the contrary, said Vanguard CEO William McNabb , this is “precisely why we care so much about good governance.” In its 2013 proxy statement , GE announced that it is searching for director candidates who will bring technology, marketing, finance — and “leadership” experience to the boardroom.

Airlines 8

Airlines CEO Automotive Long-term 8

Harvard Business Review

DECEMBER 2, 2011

The pay for CEOs is many multiples of the companies' average pay today — e.g. 63 times at BP and 74 times at Barclays (four or five times greater than 30 years ago). CEOs may be as much as 300 times the average pay today. customer satisfaction, risk audits, adherence to company ethics). The multiple for U.S.

Politics 14

Politics Execution Report Risk Management 14

Harvard Business Review

JUNE 13, 2012

As a recent example, a simple background check would have saved the Yahoo board the trouble of ousting Scott Thompson , the company's fourth CEO in five years, because he falsely claimed a computer science degree. Risk escalation and whistleblower processes can enhance monitoring and transparency. MORE ON MANAGING RISKY BEHAVIORS.

Management 12

Management Banking Committee Risk Management 12

Harvard Business Review

MAY 23, 2012

Which is why managing those arguments, as Ina Drew appears to have done brilliantly during the financial crisis but wasn't around to do for the past couple of years, is so important. The words "risk management" usually evokes less subjective, more data-driven pursuits. MORE ON MANAGING RISKY BEHAVIORS.

Management 10

Management Risk Management Competitive Intelligence Hedge 10

Harvard Business Review

MARCH 1, 2016

Whenever there is a real need in the field for coordination across organizational silos, the managers concerned will find each other. Patrick De Maeseneire, the former CEO of the Swiss HR solutions provider Adecco, formulates it as follows: “No complicated matrix structures. A matrix, they argue, needlessly complicates things.

Organization 8

Organization P&L Report Finance 8

Harvard Business Review

MAY 31, 2012

boss, Ina Drew , the former head of their unit in of the bank's, the Chief Investment Office (CIO); and CEO Jamie Dimon, to whom the CIO reported who oversaw the CIO. Holding people to account for these and related issues is an essential element of a broad approach to risk management inside financial services (and industrial) firms.

CIO 8

CIO Committee Risk Management Banking 8

Harvard Business Review

JULY 13, 2012

So says Michael Cavanagh — who has been cleaning up the trading mess for JPM CEO Jamie Dimon — on the company's quarterly earnings call. JP Morgan has used its internal compensation recovery policies to "clawback" two years of "total annual compensation" for London traders involved in what is now a $5.8

CIO 12

CIO Risk Management Policies Reputation 12

Harvard Business Review

NOVEMBER 20, 2017

The immediate emotional response may be to wait until all the details are available and carefully messaged, but it is negligent to withhold information that could help people keep their data and finances safe. It appears Whole Foods had a plan in place as the company reported its most recent breach five days after detection.

Execution 8

Execution Press Release Report Reputation 8

N2Growth Blog

JANUARY 13, 2011

Contingency : Nothing is without risk, and when you think something is without risk, that is when you’re most likely to end-up in trouble. All initiatives surrounding new ideas should include detailed risk management provisions. link] Bill Wood Okay, I reposted your piece on CEO strategy direction.

Blog 384

Blog Innovation Strategic Planning Brand 384

Harvard Business Review

OCTOBER 1, 2013

In JP Morgan’s case, the company’s board docked the pay of CEO Jamie Dimon by more than half, to $11.5 If a bank tried to force them to bear such risks and restrictions, they might leave for a more freewheeling competitor. Compensation Finance Organizational culture'

Banking 9

Banking Risk Management Constraint Finance 9

Harvard Business Review

OCTOBER 6, 2016

The grueling testimonies from CEO John Stumpf, coupled with insights from my industry-wide research into the culture and mindsets of bankers, suggest there is a blind spot among senior leaders at Wells Fargo, as well as deterrents to speaking up among the rank and file.

Banking 10

Banking Committee Leadership Ethics 10

Harvard Business Review

OCTOBER 3, 2013

CEO Jamie Dimon consistently espouses the virtues of size and diversity. Boards Ethics Risk management' JP Morgan is the biggest of them all with $2.3 trillion in assets ,$1.1 trillion in deposits and approximately 260,000 employees, followed closely by Bank of America (also beset by myriad legal problems).

Banking 8

Banking Management Ethics Letter 8

Harvard Business Review

APRIL 6, 2016

This all presents CEOs with a tough dilemma. But on the other hand, in order to safeguard the company’s future competitiveness, CEOs may have no other choice than to invest now. For example, Ageas, a large European insurance company, has been using this model for its successful expansion into Asia. Model 5.

Co-Opetition 8

Co-Opetition Operations Cost Technology 8

Strategy Driven

APRIL 28, 2020

If you own, lead, or manage an organization, acknowledge that the primary task of any business is the generation of new customers. You cannot outsource marketing, or it will put your company in a position to finance the organization that will one day put you out of business. Take care of the parasite when it is a pest.

Industry 115

Industry Organization Real Estate Outsourcing 115

Harvard Business Review

FEBRUARY 2, 2012

The disgraced former Royal Bank of Scotland CEO was stripped of his knighthood "for services to banking." The scale and severity of the impact of his actions as CEO of RBS made this an exceptional case," the Honors Forfeiture Committee mandarins concluded.

Incentives 14

Incentives Committee Banking Long-term 14

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. Some focused on personal leadership style of the CEO, others on compensation or training practices, and still others on organization governance and design.

Marketing 8

Marketing Leadership Venture Capitalist GAAP 8

Harvard Business Review

JUNE 13, 2012

It's easy to assume that Jamie Dimon, the accomplished CEO of JPMorgan Chase, was simply stonewalling when he claimed that mounting trading losses in his bank were "blown out of proportion" — that he was unaware of how grave the situation really was. But I believe that Dimon literally didn't see perceive disaster unfolding before him.

Banking 9

Banking Kahneman Document Simon 9

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

Harvard Business Review

NOVEMBER 14, 2016

The Genesis team included 12 HR professionals located in the US, Mexico, China, and Germany as well as other employees from IT, finance, the office of the general counsel, and purchasing. To make sure this happened she held regular forums for issue and risk management. What is keeping you up at night? What help do you need?’”

Delegation 8

Delegation Project Team Short-term 8

Harvard Business Review

JANUARY 10, 2013

Although books can be written about these multi-company scandals, there is one fundamental lesson for CEOs and boards of directors which requires heightened attention: follow the money. With respect to broad questions of business's role in society, the usual adverse impacts of corporate wrong-doing are multiplied in sectoral scandals.

Finance 9

Finance Banking Press Release Pharmaceuticals 9

Harvard Business Review

JANUARY 24, 2013

And unfortunately, they suggest that, in our huge, complex financial institutions, major failures of organizational discipline and major losses are likely to recur, despite greater attention to risk management. million in 2012 — because of his "Whale-related" failures, and that JPM had posted a record 2012 net income of $21.3

Report 8

Report CIO Crisis Committee 8

Harvard Business Review

OCTOBER 15, 2015

Testifying unhappily before America’s Congress, Volkswagen of America CEO Michael Horn adamantly and defiantly identified the true authors of his company’s disastrous “ defeat device ” deception: “This was not a corporate decision. No wonder Chairman and CEO Martin Winterkorn had to resign.

Engineering 8

Engineering Management Software Review 8

Harvard Business Review

JANUARY 9, 2015

The “weaponization of finance” is also high on your list. And America’s willingness to weaponize finance has grown substantially as a consequence. This is hard to do, particularly for American CEOs because they’re not there for long, with a typical stint of four years or so.

Globalization 8

Globalization Banking Politics Crisis 8

Harvard Business Review

DECEMBER 8, 2016

Rogier Maes, the CEO of Contect, wrapped up his year-beginning speech to all the company’s employees. Rogier hadn’t once mentioned holacracy or self-managed teams, even though the executive team and the board had been talking for months about transitioning to just such a system at the global construction company.

Case Study 8

Case Study Decentralization CFO Construction 8

Harvard Business Review

JULY 13, 2017

Many banks, it turns out, responded to new regulatory and reporting demands by appointing a CRO, as a way to show regulators and investors that they were serious about risk management. On the surface, the fact that the presence of a CRO would actually increase a bank’s exposure to risk may seem puzzling.

Banking 8

Banking Risk Management Crisis Real Estate 8

Harvard Business Review

MARCH 15, 2011

This is driven by the successes of product-design leaders like Apple, and a macroeconomic environment that demands better risk management. Find Common Language: Designers don't typically study finance, accounting, or economics so communicating to them in these business contexts usually only adds to confusion.

Prahalad 13

Prahalad Budgeting Creativity Fashion 13

Harvard Business Review

AUGUST 23, 2016

Both Republicans and Democrats say the most effective board committee is audit/finance. Interestingly, Republican directors think the compensation level of the CEO of their company is “too high.” Meanwhile, Democrats place greater importance on technology expertise and risk management.

Politics 8

Politics Committee Telecommunications Diversity 8