What is Dignity?
Dr. Deming’s work can answer this question of what is dignity using moral philosophy of management as part of the science of management. There is a vision of human dignity that is foundational to his work. Deming understood that the inherent dignity of human nature is honored when it is possible for people to make a contribution of intrinsic value to the common good. What Deming calls "pride in workmanship"…Continue
If you want to be rich,
If you want to be smart,
If you want to be strong,
In his book “Capital in the Twenty-First Century”, the French economist Thomas Piketty gives a stunning demonstration of how capital has become concentrated in the hands of a few and grown faster than the economy, except during the 30 years of post-war growth. This trend has inevitably made the rich even richer and caused the inequality gap to widen. Labour has thus become a casualty of capital. Piketty is fascinating. I had the occasion to be a modest participant at his side in a…Continue
Dear ladies and gentlemen,
My name is Michel Klompmaker and I am the Managing Director of the Risk & Compliance Platform Europe.
Hereby I would like to welcome all who are interested in the field of Risk & Compliance to visit our website. This is an interactive website where we upload whitepapers, top stories (interviews and in-depth articles) and blogs about all aspects related to Risk & Compliance.
You can see the website here:…Continue
Added by Michel Klompmaker on December 15, 2014 at 4:07pm — No Comments
The year 2014 has come and nearly gone, and it’s clear that enterprise risk management will not go quietly into the night. Following a 2013 that saw Edward Snowden NSA leaks, a Carnival Cruise line generator fire, and Target’s credit card heist (to name only a signature few), this year has proven to be no slouch: FINRA has disciplined thousands of companies with …Continue
Added by Steven Minsky on December 15, 2014 at 4:00pm — No Comments
E-commerce sites, banking institutions, crypto-currency trading platforms, ride sharing applications, and virtually all financial products are subject to soberingly high rates of fraud. The internet paved the…Continue
Added by GlobalRiskCommunity on December 14, 2014 at 8:46am — No Comments
REINVENTING YOUR BUSINESS STRATEGY: PUTTING CUSTOMERS BEFORE…Continue
Added by Enrique Raul Suarez on December 13, 2014 at 9:00pm — No Comments
A full-grown organization is customer-driven. Because it is customer driven, it is organized to discharge the processes that meet customer requirements. Processes that meet customer requirements are at the organization's core; the organization is organized around them. This is possible because:
Added by Enrique Raul Suarez on December 13, 2014 at 2:00am — No Comments
I am currently looking for a good KRI and Control Monitoring Plan. Does anyone have any samples and methodology that I could utilise for the purposes of my work?
All help will be very much appreciated.
Many thanks, Kind regards, John
In the full-grown organization executives have a systems view of their organization. They see interrelationships, not things. They manage things and lead people. Change is a mosaic of processes, methods, materials, equipment, work environment and people. The shifting, understood patterns of change are controlled using statistical theory and other quality tools. Controlled not because someone in upper management is atop all the processes and information, but because:
Added by Enrique Raul Suarez on December 11, 2014 at 10:30pm — No Comments
In the last year alone, FINRA has disciplined more than 1,000 companies and individual investment advisors with over $34 million in penalties over failure to meet enterprise risk management requirements.
FINRA, the Financial Industry Regulatory Authority, is dedicated to investor protection and market integrity through effective and efficient regulation of the securities industry. A key focus has been due diligence on third parties, which covers warehouses, banks and…Continue
Added by Steven Minsky on December 11, 2014 at 5:30pm — No Comments
Who Is the Customer?
This is a very central question. The most obvious answer is that the customer is the one who pays. The relevance of this answer is evident, since it identifies who is directly responsible for generating our economic benefits. Therefore, we have to include the buyer as a critical element of our customer base. However, often we shouldn’t stop there, because the customers of our…Continue
Added by Enrique Raul Suarez on December 11, 2014 at 12:03am — No Comments
Added by Enrique Raul Suarez on December 9, 2014 at 12:30am — No Comments
Wealth management is increasingly seen as a profitable new arena for non-wealth firms. While technology companies are the obvious candidates to branch into the wealth management space, media companies that are known for their print journalism are showing signs of taking the lead. Will print journalism, seen by many as a rapidly declining industry, sustain the move into wealth and gain the status of a regulated advisor?
Both technology and print journalism have loyal customer bases and…Continue
Added by Arunima Haque on December 8, 2014 at 11:57am — No Comments
Risk management has been transformed beyond recognition in the past few years. The regulatory wave unleashed by the 2008 financial crisis has created a need for a new layer of operations for implementations of these legal requirements. Most banks are already improving their operations by throwing teams at the ‘deep end’ of run-the-bank and change-the-bank functions. I believe they should be diving deeper.
The increased consumption of budgets for regulatory projects demonstrates that…Continue
Added by Tobias Temmen on December 8, 2014 at 11:31am — No Comments
Most companies implicitly execute as if they were pursuing a Best Product commodity strategy. No degree of competent execution can save them from this never-ending treadmill. The core processes of the company need to be aligned to the chosen strategy in order to make progress against their strategic agenda and avoid a commodity-like outcome. The Delta Model identifies the core processes of the business and provides a guide for how…Continue
Added by Enrique Raul Suarez on December 7, 2014 at 11:32pm — No Comments
The key elements of The Delta Model include:
Three distinct positions can all lead to outperforming your industry over the long term:…Continue
Added by Enrique Raul Suarez on December 4, 2014 at 2:38pm — No Comments
Enrique R. Suarez
Master of Education & International Development
Business Strategy & Management Consultant/Professor
Harvard Innovation Lab Entrepreneurial Student Advisor…Continue
Added by Enrique Raul Suarez on December 3, 2014 at 11:10pm — No Comments
In the 2014 CCAR results, the Federal Reserve rejected the plans of five of the 30 participating bank holding companies participating. The Comprehensive Capital Analysis and Review (CCAR) is an annual exercise by the Federal Reserve to assess capital sufficiency of the largest bank holding companies operating in the United States. The process evaluates…Continue
Added by Jesse Hopkins on December 3, 2014 at 1:08pm — No Comments
Operational Risk professionals are facing increasing pressures within the industry for better management, best practices and safeguards to be implemented throughout an institution. Since the financial crisis of 2007/8 Operational Risk (Op Risk) professionals have been in the spotlight, after the lack of proper management was attributed as a main driving force towards the…Continue
Added by Jesse Hopkins on December 3, 2014 at 12:46pm — No Comments