Clicky

Risk Management Archives - Page 2 of 3 - Ideas for Leaders

Managing Risks: Culture Matters More Than Rules

Formal risk management systems now provide the dominant logic for governing an uncertain world and are prevalent in public services as well as private firms. What happens when these systems interact with indigenous risk practices and ethics-based risk controls? Existing literature suggests that hybridization is likely — that rules-based and ethics-orientated models complement each other […]

Read More… from Managing Risks: Culture Matters More Than Rules

Motivation by Last Place Aversion

Professors Ilyana Kuziemko of Columbia Business School and Ryan Buell and Michael Norton of Harvard Business School, working with doctoral candidate Taly Reich of the Stanford Graduate School of Business, collaborated on a series of experiments to explore how far people would go to avoid being in last place. One experiment was designed to measure […]

Read More… from Motivation by Last Place Aversion

Scenarios Planning + Early Warning Scanning = Strategic Advantage

Scenario planning (SP) and early warning scanning (EWS) are considered important to ‘managerial cognition’. They help leaders understand how the future might unfold and they alert top management to new developments and ‘issues’ – typically conceived as opportunities and threats. They help leaders understand how to reconfigure resources to match or create market change – […]

Read More… from Scenarios Planning + Early Warning Scanning = Strategic Advantage