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StrategyDriven Launches Operational Risk Management Resource Forum

Strategy Driven

StrategyDriven is proud to announce the launch of a risk management resource forum; providing innovative thought leadership and collaboration opportunities to help leaders effectively address their most pressing operational risks. Complimentary Resource – Operational Risk Management.

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Small Firms Shifting Horizons As A Result Of Brexit

The Horizons Tracker

Sectors such as chemicals, food and drink, and textiles were among the most enthusiastic shifters. The researchers suggest that the desire for small firms to move could be because they have a smaller order book that doesn’t allow them to hedge their risk in the way larger firms can. Tariff barriers. ”

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Innovation Should Be a Top Priority for Boards. So Why Isn’t It?

Harvard Business Review

Corporate directors and executives alike recognize that today’s pace of change continues to accelerate and that firms need to innovate to stay ahead. But are boards doing enough to support innovation, as they should? We found that, overall, innovation does not rank as a top strategic challenge for the majority of boards.

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Consumer Warning Labels Aren’t Working

Harvard Business Review

A label may read, for example : “WARNING: This product contains a chemical known to the state of California to cause cancer.” ” Many consumers regard this cancer warning as comparable in severity to cigarette warnings, even though the risk levels depend on the chemical present and often differ markedly.

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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. In the aftermath of a serious error, an organization faces strong external pressures (e.g.,

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The Comprehensive Business Case for Sustainability

Harvard Business Review

” Improving risk management. Climate change, water scarcity, and poor labor conditions in much of the world increase the risk. Fostering innovation. Investing in sustainability is not only a risk management tool; it can also drive innovation. billion in mining projects since 2010.

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Uber Needs Our Permission to Grow

Harvard Business Review

DuPont was forced to dissolve its patent-pooling arrangements with foreign chemical firms and disgorge its cross-holdings in GM stock, devastating both its top and bottom lines. Whatever form Uber’s risk management dashboard takes, it is clear that the reputation risk hazard lights have been flashing red for some time now.