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JP Morgan's Loss: Bigger than "Risk Management"

Harvard Business Review

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." Each requires customized risk management processes.

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How CMOs Can Work with CIOs to Gain Customer Insight

Harvard Business Review

In fact, recent research [PDF] conducted by the CMO Council, suggests that this process should start with the Chief Marketing Officer (CMO) and the Chief Information Officer (CIO). A recent study (also from IBM) indicates that more than 70% of CMOs feel they are underprepared to manage the explosion of data and "lack true insight.".

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The Public/Private Cooperation We Need on Cyber Security

Harvard Business Review

As importantly, an effective cybersecurity framework has to overcome barriers to continued economic growth — creating an environment that protects and nurtures innovation. A growing number of corporate boards are demanding regular updates from CISOs or CIOs on their states of readiness. Certainly, the environment is complex.

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Who’s Managing Your Company’s Network Effects?

Harvard Business Review

Much as war is too important to be left to the generals, the business of network effects is too valuable to be entrusted to the CMOs and CIOs. Network effects, not unlike risk management, transcend traditional enterprise functions and silos.

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Leading in a World of Resource Constraints and Extreme Weather

Harvard Business Review

He told me about the days, decades ago, when he first ran into a new breed of executive and thought, “What the heck is a CIO?” They could work with their supply chain partners to innovate and improve the resilience of the whole chain. My father worked at IBM for 35 years.

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Is Your Organization Ready for Total Digitization?

Harvard Business Review

As the drive toward increased digitization continues, enterprises have to get a handle on this total digitization — and corporate CIOs have to step up to the challenge. Three Approaches to Managing Total Digitization. How are enterprises managing the spread and scope of total digitization?

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C'mon, IT Leaders. Take a Chance!

Harvard Business Review

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. Risk is a necessary feature of innovation. This loss aversion prevents taking appropriate risks.