article thumbnail

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.

article thumbnail

C'mon, IT Leaders. Take a Chance!

Harvard Business Review

Execution risk: A wrong execution model or poor execution can make a project run too long and cost too much, leading to a total loss of focus and a reduction in value creation. It also comes from not adequately considering the organization''s energy, skill, and policies to accomplish the project.

article thumbnail

3 Emerging Market Risks Companies Should Watch for in 2018

Harvard Business Review

In our survey of 30 Brazil country managers in October, 20 reported increased revenue growth, despite the country’s dysfunctional, scandal-ridden politics. China’s military buildup now allows it to project power across those sea lanes, challenging the freedom of navigation guaranteed by the U.S.