176 Posts Found

We know a lot about the conditions under which groups work well and work poorly. It’s really clear that groups are superior to individuals in recognizing an answer as correct when it comes up. But when everybody in a group is susceptible to similar biases, groups are inferior to individuals, because groups tend to be more extreme than individuals. One of the major biases in … [ Read more ]

Content: Quotation | Source: strategy+business | Subjects: Organizational Behavior, Risk Management

Sometime in the last decade, IT passed a major risk inflection point at most companies. Today, it’s almost universally true that the cost of potential IT-related failures and other risks is far greater than the cost of the investment in IT itself.

Content: Article | Authors: Ellen Kitzis, Marianne Broadbent, Richard Hunter | Source: Optimize Magazine | Subjects: IT / Technology / E-Business, Risk Management

Are you on board with enterprise risk management? You had better be. It’s the future of how businesses will be run.

Content: Article | Author: Scott Berinato | Source: CIO Magazine | Subject: Risk Management

You and Your Organization Are at Risk

Were the earth-shattering events of September 11, 2001, predictable, or were they a surprise? What about the collapse of Enron in bankruptcy and scandal? Max H. Bazerman and Michael D. Watkins argue that they were actually “predictable surprises”-disastrous examples of the failure to recognize potential tragedies and actively work to prevent them. Disturbingly, this dangerous phenomenon has its roots … [ Read more ]

Content: Book | Authors: Max H. Bazerman, Michael D. Watkins | Subjects: Organizational Behavior, Risk Management

Companies on the front lines of the phishing wars share tactics for making their sites spoof-proof and protecting online transactions.

Content: Article | Author: Alice Dragoon | Source: CIO Magazine | Subjects: IT / Technology / E-Business, Risk Management

What is often overlooked is that if one person can single-handedly save the ship, that one person can probably single-handedly sink the ship, too.

Content: Quotation | Source: Unknown | Subject: Risk Management

Risk has its place in a calculus of probabilities. It lends itself to quantitative expression – as when we say that the chances of finding a defective part in a batch are two out of 100. In the framework of benefit-cost analysis, the risk of an innovation is how much we stand to lose if we fail, multiplied by the probability of failure.

Uncertainty is quite … [ Read more ]

Content: Quotation | Source: Prism (Arthur D. Little) | Subject: Risk Management

Men involved in technical innovation in a corporation confront a situation in which the need for action is clear but the action itself is not…. So long as this situation exists, the corporation cannot function effectively, because it is not designed for uncertainty – a situation in which there are no clear objectives to reach, no measures of accomplishment, and no proper concept of control. … [ Read more ]

Content: Quotation | Source: Prism (Arthur D. Little) | Subjects: Organizational Behavior, Risk Management

It’s good to take risks – if you manage them well.

Content: Article | Authors: Gunnar Pritsch, Kevin S. Buehler | Source: McKinsey Quarterly | Subject: Risk Management

A venture capitalist is happy if two out of every 10 tries work. Everyone gets rewarded-even those who made the eight investments that failed. But big companies are unhappy if two of 10 tries fail. Those involved in the failures are demoted or sidelined when it comes to promotions. That means big companies focus on small, low-risk, incremental improvements and miss the big, but risky, … [ Read more ]

Content: Quotation | Source: Optimize Magazine | Subjects: Organizational Behavior, Risk Management

RiskCenter is the first Web-based syndicated news service devoted exclusively to providing financial risk professionals with the inside scoop on breaking economic, political and financial stories, as well as the risk strategies required to measure and manage these risks. Acting as the eyes and ears for risk professionals, RiskCenter provides an information filter so that viewers do not have to search through a myriad of … [ Read more ]

Content: Online Resource | Source: RiskCenter | Subjects: Finance, Risk Management | Industry: Finance / Banking

Many companies are investing in or selling to overseas markets without adequate due diligence. Using commercial sources for risk analysis, maintaining regular contact with local people and developing a cross-functional risk management strategy can lead to a safe journey.

Content: Article | Author: Fay Hansen | Source: Business Finance Magazine | Subjects: International, Risk Management

Business insurance claims are rising, with no end in sight. To help finance executives stem financial losses, we asked risk managers, insurance claims specialists, brokers and consultants what companies should do – and what they should avoid doing – when a loss occurs. Here is their advice.

Content: Article | Author: Richard H. Gamble | Source: Business Finance Magazine | Subjects: Finance, Risk Management | Industry: Insurance

In this article, we detail the differences between conventional enterprise risk management and enterprise resilience, and explain why a keen understanding of the distinction is essential today, when the boundaries of every major corporation have expanded, increasing a company’s vulnerabilities and its potential for competitive advantage. We also identify how senior executives can assess their organization’s resilience profile and risk management approach. And we explain … [ Read more ]

Content: Article | Authors: Jim Newfrock, Michael Delurey, Randy Starr | Source: strategy+business | Subjects: Risk Management, Strategy

In a changing environment where even everyday activities are filled with risk, sometimes it’s difficult to see that, when it comes to business, risk is neither bad nor the enemy.

Content: Article | Author: Leigh Buchanan | Source: Inc. Magazine | Subjects: Management, Risk Management

Technology may have afforded fantastic opportunity, but it also exposed companies to all kinds of peril. CEOs ponder their roles as risk managers and how they can keep their companies safe in this Chief Executive CEO roundtable.

Content: Article | Source: Chief Executive | Subject: Risk Management

What do you outsource and where? Or do you outsource at all?
The answers depend on how you determine your risk.

Content: Article | Authors: AJ Warner, Rod Kleinhammer, Todd Nelsen | Source: Darwin Magazine | Subjects: Operations, Risk Management

You can outsource many things, but operational risk is yours to keep. Protect yourself and your company with a contract that mitigates the risks.

Content: Article | Authors: David Sloan, John Funk, Scott Zaret | Source: Optimize Magazine | Subjects: Outsourcing / BPO, Risk Management

Business and risk have always been inseparable, if not synonymous. But given current geopolitical instability, gyrating stock markets and the fragility of most new business models even the most tough-minded entrepreneurs are struggling to remain sanguine.

Is it really true, though, that the corporate environment is markedly more risky than in earlier times? Has the increased scale of risk not been matched by advances in … [ Read more ]

Content: Article | Source: European Business Forum (EBF) | Subjects: Management, Risk Management

Suddenly your supply chain is full of weak links, everything from terrorism to political instability to dock strikes. Could you and your customers withstand a disruption?

Content: Article | Author: David Stauffer | Source: Harvard Business School (HBS) Working Knowledge | Subjects: Operations, Risk Management