Leadership, Risk Management

Risk Management Leadership Lesson: The Value of Trust in Operations

29 Oct , 2015  

Risk Management Leadership Lesson: The Value of Trust in Operations

Risk Management Leadership Lesson: The Value of Trust in Operations In business and life, we grow to expect certain things. Namely, our society expects companies to produce products that are safe and reliable. We go to Yelp and rail against restaurants that do not meet our expectation for service. However, large firms, when caught red-handed […]

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Leadership, Risk Management

Risk Management Leadership Lessons – The Importance of Focusing on Operational Risk

10 Oct , 2015  

Risk Management Leadership Lessons – The Importance of Focusing on Operational Risk

The Volkswagen case shows us a contemporary case of what can go dramatically wrong when an enterprise does not focus on its operational risk. Worse, it shows what happens when a lack of leadership and presence of cheating overtake the virtues and values of the firm. Operational risk is a major concern for many firms […]

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Leadership, Risk Management

Risk Management Leadership Lessons – Operations Are Improved when Leaders Welcome Bad News

2 Oct , 2015  

Risk Management Leadership Lessons – Operations Are Improved when Leaders Welcome Bad News

Risk Management Leadership Lessons – Operations Are Improved when Leaders Welcome Bad News As the Volkswagen case unravels before our eyes, it plays out a familiar and repeated lesson on dealing with risk. This lesson is that early warning signs were available, but ignored. It appears that Bosch warned VW of the illegal diesel emissions […]

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Leadership, Risk Management

The Value of Trust: Operating for Success

27 Sep , 2015  

The Value of Trust: Operating for Success

The Value of Trust: Operating for Success In business and life, we grow to expect certain things. Namely, our society expects companies to produce products that are safe and reliable. We go to Yelp and rail against restaurants that do not meet our expectation for service. However, large firms, when caught red-handed often have gotten […]

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Digital Strategy, Risk Management

Managing Data Breaches and Cyber Risks

23 Nov , 2014  

Data Breaches Impact Reputations and Customers A data breach can lead to terrible consequences for you and your customers. In addition to devastating financial losses, the damage to your reputation and brand may be irreversible. Yet, despite the risks, some firms still view cyber crimes as random events. They take a “this will never happen […]

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Leadership, Risk Management

How to Win With Risk Management

22 Nov , 2014  

Winning with Risk Management

A Q&A with Russell Walker about risk management Many people think about risk management as a defensive strategy, a tool for minimizing exposure to economic crises or public-relations blowouts. But Russell Walker, a clinical associate professor of managerial economics and decision sciences at the Kellogg School of Management, argues that businesses should be thinking about […]

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Innovation, Risk Management

Winning with Risk Management

22 Nov , 2014  

Winning with Risk Management

Traditionally, organizations have viewed risk management as a corporate requirement, and have often positioned it along with audit and regulatory functions. Some have even empowered and titled corporate groups to “manage risk” along these lines. This charge has often revolved around managing insurance policies and reviewing reports from rating agencies, which suggests that risk management […]

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