First Friday Book Synopsis

MAY 23, 2012

Schoemaker is a pioneer in the field of decision sciences, among the first to combine the practical ideas of decision theory, behavioral economics, scenario planning, and risk management into a set of strategic decision-making tools for managers.

Scenario Planning 85

Scenario Planning Risk Management Tools Planning 85

Harvard Business Review

OCTOBER 4, 2012

Many firms struggle to exploit the innovation potential of their global networks. That's partly because they manage global projects like traditional ones. To get the most from dispersed innovation, managers need a different playbook. Here are three ways to set up and manage global innovation for success: 1.

Globalization 15

Globalization Innovation Team First-mover Advantage 15

Harvard Business Review

OCTOBER 4, 2012

Many firms struggle to exploit the innovation potential of their global networks. That's partly because they manage global projects like traditional ones. To get the most from dispersed innovation, managers need a different playbook. Here are three ways to set up and manage global innovation for success: 1.

Globalization 15

Globalization Innovation Team First-mover Advantage 15

Harvard Business Review

JUNE 13, 2011

Imagine you had an idea for a one-week seminar that intersects strategic innovation and design thinking, bringing together world-class speakers, global attendees and unique tools. One way to learn is to hold a half-day seminar, with a pretty good speaker and "good enough" tools in a single city. Hold a "sign-up seminar."

Innovation 14

Innovation Venture Capitalist Seminar Tourism 14

Harvard Business Review

DECEMBER 20, 2016

Innovation is critical in a knowledge economy — driving growth, new products, and new methods of delivering value to customers. According to PwC’s 2015 study on Global Innovation , U.S. And yet, despite its importance, innovation is a difficult quality to cultivate both in leaders and in organizations.

Innovation 8

Innovation Skills CEO Learning-by-Doing 8

Harvard Business Review

MAY 30, 2012

In most organizations without professional risk managers, the amount of risk individuals are allowed to take is set informally and evaluated by tradition. People with unpopular ideas about risk may be eliminated or marginalized, depriving the organization of essential diversity. An important one is permission to fail.

Risk Management 12

Risk Management Proposal Committee Exit Strategy 12

Harvard Business Review

AUGUST 9, 2018

Businesses are constantly experimenting with new ways to use artificial intelligence for better risk management and faster, more responsive fraud detection — and even to predict and prevent crimes. So how are leading-edge companies evaluating the benefits and risks of rapidly evolving AI crime-fighting and risk management?

Banking 8

Banking Strategic Fit Risk Management Real Estate 8

Harvard Business Review

AUGUST 15, 2016

And, the misunderstood poem helps to highlight how innovation-seeking executives need to reframe the word risk. Believing that good entrepreneurs seek out risk. Good entrepreneurs recognize the inherent risk of creating new businesses. Celebrating failure to encourage risk taking. They don’t.

Net Present Value 8

Net Present Value Entrepreneur Christensen Innovation 8

Harvard Business Review

OCTOBER 15, 2015

Millions of lines of code (re)shape high-performance vehicles as much or more than any aerodynamic, materials or thermodynamic innovation. Indeed, code often makes those aerodynamic, material and thermodynamic innovations possible. Where were Volkswagen’s code reviews ? Always look to the leadership.

Engineering 8

Engineering Management Software Review 8

Harvard Business Review

AUGUST 10, 2018

Companies are cutting supply chain complexity and accelerating responsiveness using the tools of artificial intelligence. Through AI, machine learning, robotics, and advanced analytics, firms are augmenting knowledge-intensive areas such as supply chain planning, customer order management, and inventory tracking. alashi/Getty Images.

Supply Chain 8

Supply Chain Technology System Engineering 8

Harvard Business Review

OCTOBER 10, 2017

industries, and a review of hundreds of academic studies on the psychology of human performance, shows that most leaders and organizations tend to focus on just one type of performance. Adaptive performance manifests as creativity, problem solving, grit, innovation, and citizenship. These stats were reviewed by managers every week.

Organization 13

Organization Tactics Call Center Metrics 13

Harvard Business Review

JUNE 18, 2012

Risk management is critical for business decisions — but may not be healthy for making decisions about your career. In fact, if you want your career to take off, you may need to do the opposite of what risk managers try to do: Instead of focusing on how to reduce risks, you may need to embrace and enhance them.

Career 16

Career Risk Management Long-term Learning-by-Doing 16

Harvard Business Review

NOVEMBER 9, 2012

And although there are a myriad of analytical tools for generating this kind of information, CMOs are struggling to convert data into consumer insight they can use. 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.".

CIO 8

CIO Chief Information Officer Norton Technology 8

Harvard Business Review

NOVEMBER 28, 2018

Indeed, we see many succumbing to what Microsoft’s Kate Crawford calls “ data fundamentalism ” — the notion that massive datasets are repositories that yield reliable and objective truths, if only we can extract them using machine learning tools. A more nuanced view is needed.

Ethics 13

Ethics Report System Sample 13

Harvard Business Review

NOVEMBER 22, 2016

Companies such as IBM, Apple, Toyota, and Fidelity have demonstrated an interest and appetite for deep research and innovation by introducing AI platforms and solutions for customers, partners, and employees. Insurers should focus the case for a proof of concept on activities that require agility, automation, and continuous innovation.

Insurance 8

Insurance Industry Content Competitive Advantage 8

Harvard Business Review

OCTOBER 13, 2011

Risk management processes don't — but they should. A better understanding of the drivers of behavior is needed for both banks and consumers to understand risk, and for the financial system to provide timely and targeted interventions. The challenge of better risk management cannot be achieved through regulation alone.

Banking 10

Banking Pharmaceuticals Microfinance Risk Management 10

Harvard Business Review

AUGUST 28, 2017

But the emerging challenge of reducing risk exposure for coastal residents creates new opportunities for firms that can innovate and provide new solutions. When valuing these rebates, Re:focus relies on Risk Management Solutions’ modeling software to accurately judge how much a project reduces disaster risk.

Insurance 11

Insurance Real Estate Industry Bond 11

Harvard Business Review

MARCH 26, 2015

But in the aftermath of the financial crisis, risk managers have become increasingly involved in business strategy and decisions. Use risk data as an avenue for innovation. CROs are deeply familiar with the troves of risk data, such as payment habits and internal credit scores, that their companies keep.

Credit Scoring 8

Credit Scoring Risk Management Finance Marketing 8

Harvard Business Review

MAY 2, 2014

It is a delicate situation when new products risk cannibalizing existing businesses, but that’s the reality of innovation. It’s now common practice to manage risk with heightened awareness, disciplined processes, and due diligence. Leading teams Risk management Strategic planning'

Strategic Planning 8

Strategic Planning Due Diligence Proposal Rogers 8

Strategy Driven

FEBRUARY 7, 2014

They embrace innovations, while keeping the best traditions. Change is innovative. Technology is but one tool of the trade. Innovated It… and Teach You Why. Innovative Then and Now… Still Creating. Review case studies and their patterns for repeating themselves. by Hank Moore.

Planning 64

Planning Learning Curve Learning-by-Doing Budgeting 64

Harvard Business Review

JUNE 1, 2017

How the most innovative providers are creating value. Here are some specific recommendations, which are based on our collective expertise in care delivery, health systems, financial regulation, and risk management. In the risk management world, that is known as taking a holistic approach. billion per year.

Health Care 8

Health Care Supply Chain Insurance Risk Management 8

Harvard Business Review

OCTOBER 21, 2016

” 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.

Supply Chain 8

Supply Chain Price Loyalty Efficiency 8

Harvard Business Review

MARCH 5, 2012

I spend a significant amount of my time associating with a pro-business think tank that has been building an impressive database of entrepreneurs, small businesses, start-ups, and innovation-driven enterprises in Africa. On my part, I have a fresher and deeper appreciation for African entrepreneurship.

Entrepreneur 16

Entrepreneur Banking Supply Chain Globalization 16

Harvard Business Review

AUGUST 20, 2013

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.

Dunning 8

Dunning Project CTO Innovation 8

Harvard Business Review

MARCH 5, 2012

Data from the Center for Talent Innovation (CTI) shows that the vast majority of college graduates want to amplify their commitment to good causes through their employer. Volunteering offers participants the opportunity to strengthen their skills, broaden their networks, break out of a career rut, and find new meaning in their job.

Participative 14

Participative Library Entrepreneur Survey 14

Harvard Business Review

DECEMBER 19, 2016

Innovating for Value in Health Care. To be able to optimally pull these levers in a consistent fashion across providers and patients, CORE has developed, invested heavily in, and implemented a set of tools and management systems. injections of medication into the joint and/or physical therapy). Insight Center.

Benchmarking 8

Benchmarking Health Care Cost Globalization 8

Harvard Business Review

NOVEMBER 30, 2016

They alert us to the risks of eating unhealthy foods, smoking cigarettes, taking prescription drugs, driving cars, using power tools, and performing many other activities. Obviously, we can’t simply ban activities or products that bring some risks along with their benefits. Warning labels are everywhere.

Chemicals 8

Chemicals Mass Marketing System Policies 8

Harvard Business Review

DECEMBER 7, 2017

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.” Specially developed training provides unique preparation for the job.

Organization 8

Organization Analysis Incubator Learning-by-Doing 8

Harvard Business Review

MARCH 8, 2012

Transparency has been a favorite tool that governments have employed to try to combat "excessive" executive pay. Some countries have been highly innovative in this area. Here are some specific suggestions for doing that. Governments. Additionally, in lieu of granting shareholders additional rights to dictate executive pay (e.g.,

Execution 10

Execution Committee Incentives Hedge 10

Harvard Business Review

SEPTEMBER 4, 2012

One such skill is portfolio management , the application of systematic tools for reducing risks and maximizing the return on investments. Here are three examples: Innovation: Companies that continually innovate — such as Google, Intuit, 3M, P&G, and Apple — don't put all their eggs in one basket.

Management 8

Management Core Competence Project Bond 8

Harvard Business Review

JUNE 5, 2013

And then there''s politics: every politician wants to champion the "innovation" and growth aspects of the Internet, and there''s little to gain from highlighting what a dangerous place it really can be. Sometimes you need hacking tools that are easily accessible for purchase on the web; sometimes you need significant technical expertise.

Supply Chain 8

Supply Chain Engineering Information Technology System 8

Harvard Business Review

JUNE 20, 2014

This popular triumph of the “ heuristics and biases ” literature pioneered by psychologists Daniel Kahneman and Amos Tversky has made us aware of flaws that economics long glossed over, and led to interesting innovations in retirement planning and government policy. What’s the problem with the way that turkey approached risk management?

Uncertainty 10

Uncertainty Kahneman Banking System 10

Harvard Business Review

DECEMBER 18, 2017

Despite increased spending and innovation in the cybersecurity market, there is every indication that the situation will only worsen. Executives who are preparing to handle future cybersecurity challenges with the same mindset and tools that they’ve been using all along are setting themselves up for continued failure.

System 8

System Bottom-up Taylorism Taylor 8

Harvard Business Review

MAY 15, 2017

Numerical predictions offer a range of benefits for large, innovation organizations like Twitch. Others thought that their predictions could be misused by management. We make it explicit that predictions are a tool to make good decisions and have more impact. The Arc of Forecasting at Twitch. when he died?”)

Company 8

Company Participative Training Project 8

Harvard Business Review

DECEMBER 26, 2017

Think, for example, of the internal audit or occupational safety functions in general, or the risk management function in banks, as the Basel III regulatory framework stipulates that this function should be “under the direction of a chief risk officer (CRO), with sufficient stature, independence, resources and access to the board.”

Decentralization 8

Decentralization Efficiency Mintzberg Operations 8

Harvard Business Review

JANUARY 23, 2018

The enterprise history of personal productivity tools offers plenty of unhappy litanies of unintended consequences. For too many managers, the technology’s costs often rival its benefits. The Risks and Rewards of AI. But most companies have very few reliable review mechanisms to assure or improve quality.

Software 8

Software Learning-by-Doing Technology Compliance 8

Harvard Business Review

MARCH 1, 2017

Third, it’s exclusionary, denying billions of people access to basic financial tools. But the solution to this innovation logjam has emerged: blockchain. Second, because it’s centralized, which makes it resistant to change and vulnerable to systems failures and attacks. Is this the end of banking as we know it?

Finance 8

Finance IPO Banking Venture Capitalist 8