Strategy Driven

DECEMBER 28, 2023

The impact of non-compliance can be severe, ranging from hefty fines and legal disputes to reputational damage. Ethical and responsible business conduct can foster trust with customers and partners, enhancing the business’s reputation and long-term success.

Compliance 88

Compliance USP Trends Agility 88

Strategy Driven

FEBRUARY 15, 2018

Reputation. If you do not have decent internet security, then it can hurt your reputation. If your reputation is damaged, then your brand will also be damaged. If you get a reputation for having poor internet security and not looking after customer data, then it can be hard to come back from.

Reputation 52

Reputation Long-term Bottom-up Brand 52

Strategy Driven

FEBRUARY 20, 2019

Varied though the threat may be, and staggering though these numbers are, the word disclosed highlights a central paradox: While transparency contributes to the overall fortification of cyber-security protocols and procedures, battening down the hatches presumably mitigates further financial risk. Fighting back.

Chief Technology Officer 73

Chief Technology Officer Short-term How To Long-term 73

N2Growth Blog

MAY 16, 2010

Talent is clearly a plus as long as it is a value add and not a business requirement. If your company’s long-term business plan requires the acquisition, or retention of the uber employee then your business not only has a risk management issue, but it is likely not scalable. Thanks for sharing Todd.

Business Model 344

Business Model Brand Blog Supply Chain 344

N2Growth Blog

DECEMBER 16, 2023

Underpinning the philosophy of governance excellence is the knowledge that effective governance fosters trust, propelling an organization’s reputation and sustainable growth. These collectively form a holistic view of an organization’s governance health and capacity to sustain long-term excellence.

Compliance 235

Compliance Efficiency Ethics Metrics 235

Harvard Business Review

AUGUST 4, 2014

We find the debate interesting because it offers a great example of reputation risk – and more specifically, of why such risk has to be assessed both quantitatively and qualitatively. Over the decades, risk management has become a deeply quantitative endeavor. They know it is linked to risks of other kinds.

Reputation 9

Reputation Risk Management Supply Chain Crisis 9

Strategy Driven

JULY 17, 2020

Depending on the terms of coverage, the insurer should compensate you for the losses you make during the interruption period. You want to work with a legitimate, reputable insurance company. They self-insure, simply because they can afford to cover their risks from their deep wallets. Workers’ Compensation Insurance.

Insurance 65

Insurance Policies Industry Operations 65

Strategy Driven

APRIL 15, 2019

Remember this would affect not only your finances but also your reputation, and for your business’s future, you will want to avoid this at all costs. This could prove vitally important if it is taken to court when the employee tries to claim against you. Report The Accident.

Letter 51

Letter Long-term Finance Report 51

Strategy Driven

AUGUST 5, 2016

Organizational purpose, vision, quality of life, ethics, long-term growth. When all succeed, then profitability is much higher and more sustained than under the Hard Nose management style. You maintain a well-earned reputation and are awake to company obligations. Planning, tactics, organizational development. Philosophy.

Leadership 50

Leadership Benchmarking Learning-by-Doing Ethics 50

Harvard Business Review

SEPTEMBER 19, 2017

” Many managers can easily recite the business case for ethics: Who doesn’t want better risk management, deeper employee engagement, reduced regulatory costs, public trust, and a lure to purpose-driven Millennials? They understand the power of reputation and relationships. Most corporate leaders know this.

Ethics 14

Ethics Short-term Long-term Supply Chain 14

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

FEBRUARY 7, 2014

What he did not say, however, is how that laser-like focus on the company’s strategy also turned reputational risk into an opportunity. Let’s look at how these companies are protecting their reputation and brands while enhancing and realizing strategic value from them. And, what aren’t we doing that we should be doing?

Reputation 8

Reputation Intangible Assets Competitive Advantage Long-term 8

Harvard Business Review

MARCH 22, 2018

Cultural capital is analogous to physical capital, like equipment, buildings, and property, or to human capital, like the accumulated knowledge and skills of workers, or reputational capital, like franchise value or brand recognition. Think about the trader who is compensated on short-term profits and losses and not long-term value creation.

Company 11

Company Banking Incentives Human Capital 11

Harvard Business Review

JULY 31, 2013

While participating in social media is not without risk, not participating might prove to be the greater risk — especially to reputations. This is the new frontier for reputation risk management. If you don''t tell your story, others will tell it for you.

Media 10

Media Reputation Brand Participative 10

Harvard Business Review

OCTOBER 25, 2016

When facing a reputation problem, most organizations simply rebrand. In particular, I’d like to focus on three things Avaya did that other companies can learn from: Treat Innovation as a Risk-Management Exercise. Avaya embraced innovation as a risk management exercise.

Agility 8

Agility Innovation Metrics Middle Management 8

Harvard Business Review

FEBRUARY 22, 2017

When we asked them to describe their levels of concern and readiness for various risks to their companies, cybersecurity took a backseat to worries about regulatory and reputational risks, which directors were more adequately prepared to deal with. Why the disconnect between the global- and company-level views?

Telecommunications 8

Telecommunications Health Care Contingency Plans Biotechnology 8

Strategy Driven

OCTOBER 31, 2023

A reputable advisor will assess your current finances, future goals, risk tolerance, and potential medical needs to create a customized retirement roadmap. Renting instead of owning a home also reduces your housing costs long-term, as rent prices are generally lower than the costs of homeownership.

Tips 97

Tips Discount Budgeting Real Estate 97

Harvard Business Review

DECEMBER 1, 2017

Right now, there’s a disconnect between most CFOs and security practitioners when it comes to fortifying the company against cyber attacks: r ecent data shows that 39% of IT practitioners don’t believe their senior management understands the impact a security breach could have on their company’s reputation.

CFO 8

CFO CIO Budgeting Long-term 8

Harvard Business Review

FEBRUARY 10, 2015

However, many companies are recognizing that it is worth investing in a long-term reputation for security and privacy. And in turn, many governments are realizing the extent to which a reputation for regulatory excellence in this area can attract business investment. Data Security & privacy Risk management'

Telecommunications 8

Telecommunications Cost-Benefit Analysis Reputation Survey 8

Harvard Business Review

OCTOBER 16, 2018

Reports indicate that Google has discussed some of its re-entry plans with Chinese government officials, including offering a search service that would “blacklist websites and search terms about human rights, democracy, religion, and peaceful protest.” China has long enforced a strict media and information regime.

Ethics 8

Ethics Technology Short-term Compliance 8

Harvard Business Review

APRIL 3, 2015

Wise, long term investors recognize that leadership affects firm performance. For example, consider the Economist ’s Big Mac index , which measures the cost of a Big Mac in various countries in terms of its difference from the average Big Mac price in the United States.

Marketing 8

Marketing Leadership Venture Capitalist GAAP 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. Managing risks therefore requires making investment decisions today for longer-term capacity building and developing adaptive strategies. billion in mining projects since 2010.

Supply Chain 8

Supply Chain Price Loyalty Efficiency 8

Harvard Business Review

FEBRUARY 3, 2014

But the ultimate question that gets fuzzed-over in the filing and response is one of culture and accountability — whether a long-serving CEO is accountable for a corporate culture that has spawned major regulatory inquiries and settlements across a broad range of legal issues, even though the firm has otherwise performed well commercially.

Banking 8

Banking Fashion CEO Short-term 8

Harvard Business Review

APRIL 18, 2013

for a long time. This is one of the reasons research has found that in order to experience the benefits of diversity (better risk management, higher creativity, etc) on a board you need three women; one or even two aren''t enough to create real change. Despite the costs to their own reputations, we''re glad they took the risk.

Cost 8

Cost Brand Media COO 8

Strategy Driven

MAY 29, 2020

Businesses who fall victim to these types of attacks suffer a lot of damage – both because they may fall foul of data protection laws and can be prosecuted by the authorities, but also because of the reputational damage. Discovering one of these crimes on your own doorstep can be deeply upsetting, and take a long while to recover from.

Insurance 65

Insurance Contingency Plans Norton Crisis 65

Harvard Business Review

MARCH 26, 2015

Both practices have long developed insights into their customers based on data and analytics. But in the aftermath of the financial crisis, risk managers have become increasingly involved in business strategy and decisions. The risk function can do the same. Protect and manage reputations.

Credit Scoring 8

Credit Scoring Risk Management Finance Marketing 8

Harvard Business Review

MARCH 21, 2018

They’ll also note that “safety pays” in reducing costs, or admit they fear reputational damage following a significant incident at their company. In my experience, these rationales rarely lead to significant changes in workplace safety and the prevention of serious injuries and deaths. Use the right incentives.

Operations 16

Operations Chemicals CEO Metrics 16

Harvard Business Review

JUNE 19, 2018

Organizations can use it as a framework to provide training that improves work culture and lowers the risk of conflict and legal action. As you can see from the spectrum, I used the term “sexual misconduct” to include mild and moderate forms of offense, sexual harassment, and abuse.

Tools 8

Tools Organization Examples Short-term 8

Harvard Business Review

APRIL 19, 2017

And by shifting from defined benefit to defined contribution pension schemes, they have avoided the risks from increasingly long-lived retirees and persistently low interest rates. In other words, business leaders have been dealing with the direct, market-based risks presented by major economic, technological, and demographic trends.

Politics 10

Politics Supply Chain Offshoring Globalization 10