Harvard Business Review

JUNE 29, 2012

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. Managers could keep the organization within acceptable tolerance ranges, driving performance to plan.

Risk Management 13

Risk Management Maturity EBITDA Management 13

Strategy Driven

JUNE 13, 2023

Verify credentials, check references, and review past employment history. For high-risk positions or when dealing with sensitive information, consider conducting criminal background checks. By ensuring the integrity and trustworthiness of individuals associated with your business, you minimize the risk of internal fraud.

Tactics 97

Tactics Education Seminar Software 97

Strategy Driven

OCTOBER 3, 2014

Clarify management values. Usually, management has not yet articulated their own individual values, let alone those of the organization. I ask clients to do so without using the words: ‘technology,’ ‘sales,’ and ‘solutions.’ Technology is a tool, which feeds into tactics.

Mission Statement 83

Mission Statement Benchmarking Tactics Strategic Planning 83

Harvard Business Review

AUGUST 13, 2012

Risk management is now at the heart of the governance model for the Olympic Games and the Olympic movement, and not only because of their growing scale and complexity. These risks can emanate from the realm of security, public health, natural ecology, technology, or economics.

Risk Management 14

Risk Management Management Committee Insurance 14

Harvard Business Review

JUNE 2, 2023

In our technology-dependent society, the effectiveness of cyber risk governance of companies affects its stock prices, as well as short-term and long-term shareholder value. Unfortunately, monitoring the long-term effectiveness of a cyber risk management strategy is not easy to grasp.

Short-term 13

Short-term Long-term Risk Management Price 13

Strategy Driven

JULY 2, 2019

If employees don’t see senior management upholding best practice, they won’t be inclined to follow. To help reduce cyber security fatigue, seek the advice of security experts before making new investments and, if required, to help manage and monitor systems. Regularly review your security tools and practices.

Training 50

Training Case Study Learning-by-Doing Advice 50

Strategy Driven

JULY 11, 2014

I recommend that diversity audits, quality control reviews, ethics programs and other important regimen be conducted as part of Strategic Planning, rather than as stand-alone, distracting and energy diverting activities. Review the work that you’ve done on tight deadlines. Care about deadlines. Analyze what makes it different.

Energy 81

Energy Strategic Planning Succession Humphrey 81

Harvard Business Review

JUNE 1, 2023

Technological advances in areas such as generative AI and automation have strengthened threat actors, leading to new and evolving threats. Against this backdrop, it becomes increasingly crucial for corporate boards to align their organizations’ cyber-risk management with their business needs.

Risk Management 13

Risk Management Reputation Morale How To 13

Strategy Driven

SEPTEMBER 25, 2019

Learning about and investing in the latest alarm system technology is crucial. While this security technology will be expensive, it is definitely a great investment. The more you know about how to navigate the world of alarm system technology, the easier it will be for you to find the right elements for your residence.

System 10

System Technology Operations Definition 10

Strategy Driven

FEBRUARY 7, 2014

Technology is but one tool of the trade. In the 1940s, technology brought us the 45-RPM and 33-1/3-RPM records… adding up to the ‘mother speed’ of 78-RPM. 7 Applications for Yesterdayism… How to Shape the Past Into the Future: Re-Reading… Reviewing… Finding New Nuggets in Old Files.

Planning 64

Planning Learning Curve Learning-by-Doing Budgeting 64

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

Strategy Driven

JANUARY 3, 2014

I recommend that diversity audits, quality control reviews, ethics programs and other important regimen be conducted as part of Strategic Planning, rather than as stand-alone, distracting and energy diverting activities. Review the work that you’ve done on tight deadlines. Care about deadlines. Analyze what makes it different.

Energy 60

Energy Strategic Planning Succession Humphrey 60

Harvard Business Review

JUNE 16, 2023

With accurate player-availability predictions for all active players, AI-powered decision-making is dramatically improved around three dimensions: 1) Risk management: If a productive wide-receiver is likely to get hurt, for example, a team might invest more in talented backups, to minimize drop-off in team performance during injury.

Sports 21

Sports Risk Management Training Team 21

Harvard Business Review

MARCH 30, 2020

How resilient is the technology industry amidst COVID-19?

Technology 10

Technology Company Industry Risk Management 10

Harvard Business Review

JUNE 6, 2023

Generative artificial intelligence (AI) has become widely popular, but its adoption by businesses comes with a degree of ethical risk. Organizations need to be mindful of the ethical implications and take necessary steps to reduce risks.

Ethics 17

Ethics Management Organization Risk Management 17

Harvard Business Review

JANUARY 18, 2024

But in order for this to happen, companies need to build people’s trust in the technology. Generative AI has the potential to reinvent work, freeing us to unleash our creativity on the problems that really matter.

Technology 19

Technology Creativity Company Risk Management 19

Harvard Business Review

OCTOBER 15, 2015

When bad management basically subsidizes bad actors, that’s bad news. ” Respectfully, one can’t be a hard-core engineer in aviation or automobiles without managing software matters. Where were Volkswagen’s code reviews ? Are they authentically that clever? ” Ubersetzung! .”

Engineering 8

Engineering Management Software Review 8

Harvard Business Review

AUGUST 14, 2023

Leaders are feeling disoriented and concerned about the new technology. Here’s four key risks to understand — and advice on how to address them.

Advice 13

Advice Technology How To Risk Management 13

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. While today’s basic technology is not necessarily revolutionary, the algorithms it uses and the results they can produce are.

Banking 8

Banking Strategic Fit Risk Management Real Estate 8

Harvard Business Review

AUGUST 10, 2018

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. What does that mean for the supply chain workforce? It does not mean human workers will become obsolete. In fact, a new book by Paul Daugherty and H.

Supply Chain 8

Supply Chain Technology System Engineering 8

Harvard Business Review

DECEMBER 4, 2013

But managing network effects as technology byproducts is a bit like treating cars as extensions of internal combustion engines; technically accurate, yes, but missing the larger purposes and points. Network effects, not unlike risk management, transcend traditional enterprise functions and silos.

Management 8

Management Supply Chain CIO Core Competence 8

Harvard Business Review

OCTOBER 3, 2013

Are these huge major financial institutions not just too big to fail, their leaders “too big to jail” (as some critics charge), but also “too big to manage”? Poor controls over risk and valuations. It is a vexing, complicated task which requires both outstanding leadership and management.

Banking 8

Banking Management Ethics Letter 8

Harvard Business Review

MAY 16, 2017

As the scale and complexity of the cyber threat landscape is revealed, so too is the general lack of cybersecurity readiness in organizations, even those that spend hundreds of millions of dollars on state-of-the-art technology. Spending millions on security technology can certainly make an executive feel safe.

Training 8

Training Supply Chain Agility Risk Management 8

Harvard Business Review

SEPTEMBER 21, 2018

Fewer than one-third (30%) of respondents to our survey see innovation as one of the top three challenges their company faces in achieving its strategic objectives, and just 21% think that technology trends are a major strategic challenge. — [and] not much on risk, people, innovation.” Director Recruitment and Skills.

Innovation 8

Innovation Short-term Telecommunications Long-term 8

Harvard Business Review

OCTOBER 10, 2017

Precision made it easy for managers to oversee their employees. Every spot on every line was visible to managers. But Bernstein and his team observed that when managers were not watching, employees secretly developed and shared better ways of doing the work. These stats were reviewed by managers every week.

Organization 9

Organization Tactics Call Center Metrics 9

Harvard Business Review

MARCH 20, 2014

Looked at in this light, the terrible delay in finding Flight 370 can be seen as a failure of management practice to keep up with new technology. My take on this lapse is that there’s a gap between the power of IoT technology, and management’s ability to conceive strategies to capitalize on it, which I refer to as “IoT Thinking.”

Airlines 8

Airlines Supply Chain Management Engineering 8

Harvard Business Review

MARCH 5, 2012

Yes, political hacktivists brag about Web pages defaced and customer information released over the Internet, but companies rarely reveal the attacks that result in the loss of valuable intellectual property — business plans, proprietary technologies or fraudulent payments. These attacks can be devastating.

Supply Chain 11

Supply Chain Risk Management Hedge Banking 11

Harvard Business Review

JANUARY 23, 2018

So what makes artificial intelligence/machine learning (AI/ML) champions confident that their technologies will be immune to comparably counterproductive outcomes? For too many managers, the technology’s costs often rival its benefits. The Risks and Rewards of AI. They shouldn’t be so sure. Insight Center.

Software 8

Software Learning-by-Doing Technology Compliance 8

Harvard Business Review

MAY 24, 2012

Every large financial services company has instituted risk management, but that hasn't prevented risky behavior in the form of office politics and personality conflict — as the JP Morgan trading debacle has demonstrated. Risk management isn't exclusive to banking. But all too often, those safeguards are ignored.

Merchandising 10

Merchandising Risk Management Supply Chain Retail 10

Harvard Business Review

MAY 28, 2013

Not innovation, risk management, technology, debt, or the regulatory environment. Corporate directors identified talent management as their single greatest strategic challenge. We know that organizations commit enormous resources and effort to talent management, so why aren''t they doing a better job?

Talent Management 8

Talent Management Company Telecommunications Management 8

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 14

Career Risk Management Long-term Learning-by-Doing 14

Harvard Business Review

AUGUST 23, 2023

Extreme weather events, infrastructure and technology failures, and transportation accidents are on the rise globally. These physical threats often have cascading effects that reach all areas of a business. Organizational resilience, or the ability to anticipate, absorb, and recover from hazardous events, is now table stakes.

ROI 13

ROI Transportation Bottom-up Globalization 13

Harvard Business Review

SEPTEMBER 21, 2018

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. (One of us, Luke, is so enthusiastic about CARVER that he cowrote a book on it.).

Tools 9

Tools Risk Management Budgeting SWOT 9

Harvard Business Review

NOVEMBER 23, 2016

These threats change the risk management calculus of firms hoping to succeed in a more turbulent world. Owning up to our own behavioral biases is a worthwhile starting point to discussing the problem of managing infrequent, severe events. Make risk a strategic priority. Data from the U.S.

Insurance 8

Insurance Risk Management Finance Supply Chain 8

Harvard Business Review

APRIL 26, 2017

They may think differently about the nature of cyber risk and of the way threats translate into business and technological risks. This is largely due to their priorities — C-suite executives have responsibility for mitigating business risk, while IT delivers the technological support that drives the business.

Technology 8

Technology Survey Cost Information 8

Harvard Business Review

NOVEMBER 10, 2017

On paper, the project seemed like it would be a hit: The investment by the mining company would bring jobs and 21st-century technology to an economically poor area and tax revenues to the government. Doing so starts with understanding the systemic nature of social risk and the ramifications of each decision a company makes.

Company 8

Company Supply Chain Real Estate Stakeholder Analysis 8

Harvard Business Review

AUGUST 3, 2012

But for businesses, knowing when to expend time and effort preventing — and planning responses to — low probability, high consequence events is now, more than ever, one of the hardest and most important risk management problems to address. See my prior thoughts on the range of issues here and here.)

Risk Management 10

Risk Management Supply Chain Crisis Report 10