How to Protect Your Organization From the Amazon of Your Industry

Strategy Driven

The trend towards consolidation in industry has become a threat to any business whose leadership has a desire to maintain its own identity and strategic path. If you think you, your company, or your industry is immune, I urge you to look at the telltale signs. Sure, you could decide to sell the business or have it acquired by another organization, but the control of the decision should be yours. So what do you do if you’d like the company to stand alone moving forward?

How to deal with cyber-attacks: publicly or privately?

Strategy Driven

Cyber attacks spiked 164% in the first half of 2017, compared to the same period in 2016, entailing 918 disclosed breaches-according reports on broadcaster CNBC. Threats vary from sector to sector. Healthcare, for example, is more susceptible to crypto-locker ransomware like the infamous WannaCry. Internet-connected consumer devices often fall prey to malware that shackles them to remotely controlled botnets such as Mirai.

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How To Take Risks In Business

Strategy Driven

They need to be able to cope with lots of different situations and turn them around into successes for the business if possible. They also need to be able to manage people, deal with finances, organize marketing, and much more. Something that you might not have thought about before, but that is certainly an important trait when it comes to business, is risk-taking. Risks in business should always be calculated ones.

How To Assess Your Organization's Risk

Eric Jacobson

Within the first 100 days as a new leader in an organization, you'll want to assess your organization's risk. Eric Jacobson on Leadership and Management Leadership Organizational Risk Risk ManagementAuthors George Bradt, Jayme A.

SWOT 79

How to lead without blinders

Lead on Purpose

In my “day job” as a product manager I create software products that help companies fight against internal fraud. I was recently given the honor of publishing an article in Wired Innovation Insights— Blinders at the C-Level Can Cost You Billions —which discusses the perils of the “not-in-my-company” attitude, and the importance of incorporating active risk-management strategies to mitigate the insider threat. Several years ago I wrote that you can’t fake leadership.

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How To Access Your Organization's Risks

Eric Jacobson

Within the first 100 days as a new leader in an organization, you'll want to assess your organization's risk. Eric Jacobson on Leadership and Management Leadership Risk ManagementAuthors George Bradt, Jayme A.

SWOT 74

The Big Picture of Business – How to Maximize Trade Show Exposure

Strategy Driven

While sales objectives are most common, trade shows may also be behavior, product, distribution or marketing oriented. Booth exhibitions at trade shows are viable and cost-effective sales tools to: Achieve new customers, in order to grow and increase profits. Most of the visitors come to see what’s new. Allow your staff to interface with the public. Perform informal market research. follow-up calls necessary to book an order = $1,158.

How to Get to What Happens Next

N2Growth Blog

All of my strategy, culture and organizational design work over the years comes down to one thing – enabling my clients to differentiate themselves from their competitors so to dominate the markets that they serve. Most leaders want to be sure that their organizations are remaining competitive within their industry. But, defining and adopting Next Practices will enable the breakthrough thinking needed to disrupt and redefine your markets.

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The Big Picture of Business – Community Relations and Cause Related Marketing Are Business Strategies, Not Sales Promotions: Determining the Right Kind of Tie-In Causes.

Strategy Driven

The community has to be given a reason to care for the business. Business owes its well-being and livelihood to its communities. A crew member told me to wait, then later took my order. She started selling donations to some cause, which I declined. The sales of those promotional pieces caused the line to grow out of the restaurant door. People were just buying the promotion in order to get through the line. This was dictated to us by corporate.

5 Safety Tips that Impact Business

Strategy Driven

Failure to regularly enforce safety standards could lead to some consequences such as reduced productivity, fines, and worker compensation claims. As a business owner, you do not have to worry about making major changes in the safety measures within the company.

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Expert Tips on How to Create an Investment Strategy That Works With Your Goals

Strategy Driven

One thing about investments is that there are no limits to what you can choose. Read it to make the right financial decisions. If the amount of money you remain with after the expenses isn’t enough, you must cut down some costs or look for more ways to generate income.

How to Be a Real Leader And Great Manager

Lead from Within

From time to time through the years, I’ve written on the difference between leadership and management. I am revisiting the subject now because it’s not enough to understand that leadership and management are two different things. I believe that the two are complementary; to be truly effective, you need both. Of course we do have defined tasks as leaders, and managers have a specific role to play too. Leaders know how to seize an opportunity.

How Mature is Your Risk Management?

Harvard Business Review

For years, companies have been pouring money into people, processes, and technology that can help them manage risk. Most have done a great job of containing their financial reporting and compliance risks. They might feel they have protected the business because they have completed a checklist of adherence to regulatory requirements. But what about the more strategic risk areas, such as those related to emerging market entry or acquisition growth strategies?

The Big Picture of Business – Ethics… Good for Business

Strategy Driven

In order to succeed and thrive in modern society, all private and public sector entities must live by codes of ethics. In an era that encompasses mistrust of business, uncertainties about the economy and growing disillusionments within society’s structure, it is vital for every organization to determine, analyze, fine-tune and communicate their value systems. How we meet corporate objectives is as important as the objectives themselves.

The Big Picture of Business – Business Success Checklist

Strategy Driven

When you own and operate a business you need to have certain procedures for an efficient and seamless function. Sometimes the difficulty of managing your time makes for a haphazard operation. One of the ways in which you can optimize your business activities would be the focus and attention to detail that a checklist can stimulate. Having a clearly defined purpose will focus your activities to a customer-oriented perspective. Assets are adequately valued and managed.

The Big Picture of Business – Quality is Important for Business: Real Quality vs. Arbitrary Metrics

Strategy Driven

This is referred to as the ‘measurement inversion.’ ’ Metrics seem to emphasize what organizations find immediately measurable — even if those are low value — and tend to ignore high value measurements simply because they seem harder to measure (whether they are or not). Quality is not something that managers assign others to achieve. Quality entails four concepts: Success is determined by conformity to requirements.

The Big Picture of Business – Doing Your Best Work on Deadlines: Mobilizing the Energy for Best Business Success

Strategy Driven

I watch them to experience the magical energy of live performances. This is not meant to suggest putting off sequential steps and daily tasks. Learn when deadline crunch time is best to accomplish the optimum business objecftives. I know from experience that planning while going through the ‘alligators’ is the most effective way to conduct the process. Those of us who grew up working on typewriters know how to master the medium.

The Big Picture of Business – Biggest Excuses They Use… and You Should Avoid: Rationales and Reasons Why Businesses Fail

Strategy Driven

Some people and organizations go to great extremes to place spins, rationalize or save face. Failing to make investments in future company success: I’m building a new house right now. Got to send the kid to college (or some other personal reason). Have to make cuts everywhere else to pay for rising production costs. We just cannot afford to make the investments. It was time to pull in our reins and get back to basics.

The Making of Legends

Strategy Driven

This series will have three more to come. When we recall the messages of the songs, movies and books of the 1930s, 1940s, 1950s, 1960s, 1970s, 1980s and 1990s, we realize that today’s adults were formerly taught in their youths to: Think Big Picture. Do something well and commit to long-term excellence. How individuals and organizations start out and what they become are different concepts. I didn’t think that it lent credibility to wise business insights.

5 Key Fire Safety Measures for Small Businesses

Strategy Driven

Starting a new business requires a hefty amount of thought and planning, but most of that will be focused on acquiring customers, financial planning, marketing strategies, overheads, and so on. Below are five safety measures to implement as a small business. The importance of a fire risk assessment cannot be underestimated. It is also a good idea to review all areas of the office and consider how fires may start because of surrounding materials.

The Big Picture of Business – Doing Your Best Work on Deadlines: Mobilizing the Energy for Best Business Success

Strategy Driven

It seemingly looks the same each day but sheds leaves, lets its limbs rot and applies “band-aid surgery” to its branches late in life. None of the limbs and twigs on each branch (staff-consultants) provide all nourishment required to breed a healthy tree (company). Each branch has its proper responsibility and should learn to interface with the others. I watch them to experience the magical energy of live performances.

The Big Picture of Business – Communications Reflect Your Strategy

Strategy Driven

The biggest problem with our business in our society, in a capsule sentence: People with one set of experiences, values, wants and perceptions make mis-targeted attempts to communicate with others in trying to get what they want and need. Yet, we often fail to see it coming. Many go down into defeat because it was never on their radar to change. Each branch has its proper responsibility and should learn to interface with the others.

3 Things All Business Owners Need to Know About Risk-Taking

Strategy Driven

As pivotal as it is to be systematic and strategic with everything that you do in business, you also have to be open to a spot of risk-taking from time to time. To ready yourself for when that time comes for you, you need to know a few very important things. Here’s are three things that you, as a business owner, need to know about the taking of risks: 1. It’s okay to predict disaster as it’s only natural.

Top 10 Cyber Security Tips

Strategy Driven

These days, more people than ever use technology, including mobile devices, to conduct their professional and personal business. Companies of all sizes place incredibly valuable data in cloud-based repositories, and hackers are constantly testing new ways to gain access. For these reasons, it’s more important than ever to safeguard vital assets with sound cyber security practices – and to remain vigilant to prevent breaches.

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The Big Picture of Business – Yesterdayism… Learning from the Past, Planning for the Future

Strategy Driven

This Annual Report issue celebrates the year, as basis for helping business people to prepare for the future. Individuals and organizations are more resilient than they tend to believe. They’ve changed more than they wish to acknowledge. It seemingly looks the same each day but sheds leaves, lets its limbs rot and applies “band-aid surgery” to its branches late in life. The quest of life is to interpret and adapt that mixture of the old and new.

A 6-Part Tool for Ranking and Assessing Risks

Harvard Business

Developed during World War II, CARVER (then one letter shorter and known as CARVE) was originally used by analysts to determine where bomber pilots could most effectively drop their munitions on enemy targets. More recently, CARVER has converted a new community of believers in the business world, including CEOs, financial analysts, and risk management planners, not to mention any number of Fortune 500 security directors. 4 – Difficult to replace; long downtime.

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Engaging Employees in Health Care Data Security

Harvard Business

Cybercriminals targeted vulnerable clinical networks and poor controls to gain privileged access to medical devices and databases on an almost daily basis. Complicating matters, most hospital networks are “flat” rather than segmented, so infections can more easily propagate from IT to clinical networks. In response, they wisely invest in technical controls to protect their network. How technology is changing the design and delivery of care.

5 Ways to Eliminate Comment Spam and Boost Real Conversations

Strategy Driven

Blogging is one of the best marketing tools for businesses and influencers. It’s a great way to share one’s knowledge, expertise and opinions. It’s also a great way to build a community of like-minded people. The only way you can really create that sense of community though, is to boost real conversations among your readers. It allows people to ask questions and get answers, to offer their support, to express their opinions and even build new friendships.

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How to Reverse-Engineer Criticism

Harvard Business Review

Good companies always strive to be better and a potentially useful way to catalyze such improvement is to consider how analyst and public criticism might be used to institute corporate change. By parallel, managers themselves might similarly benefit from "reverse-engineering" the criticism of not only outsiders but of their own colleagues: considering both parties as their benefactors on the road to greater performance.

PR 12

Is Your Company Ready to Protect Its Reputation from Deep Fakes?

Harvard Business

After a public outcry over privacy and their inability — or unwillingness — to address misleading content, Facebook, Twitter, and other social media platforms finally appear to be making a real effort to take on fake news. It will impact our ability to trust just about anything we see and hear. What’s coming are “deep fakes” — realistic forgeries of people appearing to say or do things that never actually happened.

The Best Cybersecurity Investment You Can Make Is Better Training

Harvard Business

Investors who have flooded the cybersecurity market in search for the next software “unicorn” have yet to realize that when it comes to a risk as complex as this one, there is no panacea — certainly not one that depends on technology alone. To prepare for and prevent the cyberattacks of the future, firms need to balance technological deterrents and tripwires with agile, human-centered defenses.

Research: Self-Disruption Can Hurt the Companies That Need It the Most

Harvard Business

When innovations threaten to disrupt an industry by replacing an old business model with a new one, incumbents need to invest in that model in order to survive. That’s the conventional wisdom, and it’s given rise to popular mantra “Disrupt or Be Disrupted.” ” If you’re dealing with innovations that have led to a dominant new business model in your industry, that advice is sound, as the leaders of Netflix and Blockbuster can tell you.

The UK’s Snap Election Reminds Us That Proposing a Change Forces People to Ask New Questions About You

Harvard Business

In retrospect, it turns out that Theresa May, the British prime minister, took a terrible risk by calling a snap election on the back of a 24-point Conservative Party lead over Labour in the polls. She had hoped to increase her power in Parliament from a slim majority of 330 seats — a mere four seats above a majority — to something in the range of 380 seats. Is the lesson: Don’t take risks? Risks are associated with things you can’t control.

The Internet of Things Is Going to Change Everything About Cybersecurity

Harvard Business

In 2017, the number of breaches is anticipated to rise by 36%. The constant drumbeat of threats and attacks is becoming so mainstream that businesses are expected to invest more than $93 billion in cyber defenses by 2018. Even Congress is acting more quickly to pass laws that will — hopefully — improve the situation. Despite increased spending and innovation in the cybersecurity market, there is every indication that the situation will only worsen.

Why Buying a Company Can Be Better than Starting One

Harvard Business

The most successful entrepreneurs through acquisition we’ve seen look for businesses we call enduringly profitable, businesses that are more likely to have a stable income over time. They also are attractive to the lenders and equity investors who provide funds for your acquisition. These companies are able to attract and keep the right customers, those who value its product or service and will purchase year after year. Entrepreneurship Risk management Digital Article

Why the Australian Defence Organization Is Recruiting Cyber Analysts on the Autism Spectrum

Harvard Business

A big part of the problem: There simply aren’t enough great cyberdefense analysts to go around. To help address it, ADO has, with the help of some innovative business firms, leapt to the forefront with a new approach to sourcing cybersecurity talent: “Dandelion programs.” The analogy to people with autism suggests that they are weeds only if we try to fit them into organizations in standard ways, using traditional management.

Medical Systems Hacks Are Scary, but Medical Device Hacks Could Be Even Worse

Harvard Business

In Britain, where the attack affected hospital IT systems, doctors were unable to access patient records. Unfortunately, attacking hospital IT systems is just the tip of the iceberg when it comes to cyber vulnerabilities in the health care sector. Researchers in Belgium and the UK have demonstrated that it’s possible to transmit life-threatening (if not fatal) signals to implanted medical devices such as pacemakers, defibrillators, and insulin pumps.

CIO 30

How to Get Our Savings on the Move Again

Harvard Business Review

Some politicians claim that unsystematic loan losses, like the $2 billion loss JP Morgan recently suffered, significantly increase the risk of another financial crisis. Subprime mortgage losses turned out to be much smaller than expected —$300 billion, according to the Federal Crisis Inquiry Commission—and non-bank lenders suffered most of those losses (notwithstanding mark-to-market losses from credit downgrades). Economy Government Risk managemen

How to Get Our Savings on the Move Again

Harvard Business Review

Some politicians claim that unsystematic loan losses, like the $2 billion loss JP Morgan recently suffered, significantly increase the risk of another financial crisis. Subprime mortgage losses turned out to be much smaller than expected —$300 billion, according to the Federal Crisis Inquiry Commission—and non-bank lenders suffered most of those losses (notwithstanding mark-to-market losses from credit downgrades). Economy Government Risk managemen

10 Technology Problems Modern Business Owners Have To Deal With

Strategy Driven

To set your business up for the greatest success, you need to understand the sort of issues you’ll deal with regularly, and have some plan of action to handle them. Following we’ll briefly explore several key tech issues your business is likely to encounter today, and how to counteract them. Presently, the global tech market is estimated around $5 trillion. Some of the biggest threats to your company are going to develop internally.

When to Trust Robots with Decisions, and When Not To

Harvard Business

Smarter and more adaptive machines are rapidly becoming as much a part of our lives as the internet, and more of our decisions are being handed over to intelligent algorithms that learn from ever-increasing volumes and varieties of data. As these “robots” become a bigger part of our lives, we don’t have any framework for evaluating which decisions we should be comfortable delegating to algorithms and which ones humans should retain.

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Why Leaders Need to Think More Like Professional Gamblers

Leading Blog

O NE OF the unfortunate side effects of living in an age of accelerating technology is having to deal with increased uncertainty. When faced with uncertainty, how should leaders react? We tend to see situations in one of two ways: either events are certain and can, therefore, be managed by planning, investment, and reliable budgets; or they are uncertain, and we cannot manage them. To answer that, he constructed a thought experiment.

4 Things You Should be Looking for When Picking a Contract Management Solution

Strategy Driven

Bad contract management costs companies in many different ways , and it exposes them to unnecessary risks. This is why contract management is essential to the long-term success of your business. Fortunately, there are many contract management systems on the market to choose from. Here are four things you should be looking for when picking a contract management solution. Lifecycle Management. Risk Management.