A compelling growth ambition is a critical enabler for new ventures.
Few doubt that something extraordinary has happened at Nvidia, as its share price has risen by more than 8,000% over the past decade. It now ranks in the top 10 of the most valuable companies globally, thanks to its transformation from the world’s leading provider of graphic processors to a leader in computi
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From Ladakh and Bhutan to Sweden and Australia, a clear pattern has emerged: As people are pushed into deepening dependence on large-scale, technological systems, ecological and social crises escalate.
In 2017 Jeff Schwisow wrote in his book Projectify:
”In today’s business world, truly effective governance is more about
having a strategy for adapting to change and variability than being able to
predict the future and executing a plan that makes that prediction come true.”
No one is likely to argue with that point now!
Now let me apply similar thinking to the risk function in organisations:
In today’s risk function, truly effective risk management programs are more
about having a strategy to
Mature markets, where the customer base begins to stagnate, call for structured Organic Growth founded on a superior Customer Value Proposition (CVP). CVP encompasses all that is gained by customers for the money they pay—material as well as intangible. Customer Value can be articulated by the equation:
Customer Value =
(Product Performance + Service Delivered + Image)/
Price Paid
CVP endeavors can be lacking due to many reasons such as use of incorrect Research Method, misapplication of a corre
On Noam Chomsky and Technology's Neutrality
In a recent interview, Noam Chomsky commented on the relationship between technology and education and one of his thoughts was the following:
As far as technology itself and education is concerned, technology is basically neutral. It’s like a hammer. The hammer doesn’t care whether you use it to build a house or whether on
Most people believe that the value and impact of the C-level leadership originates from the number of meetings conducted, having the ability to plan for long term, and make key strategic decisions collectively. However, in reality, the C-level seldom works in unanimity to make collective decisions. They often have animosities with each other and lack collaboration and mutual trust.
The real impact and success of the top team emanates from the informal and social networks of its members, their r
Choosing a career is ultimately a student’s prerogative. However, parents can also bring a lot of experience to the table which can be invaluable in the career planning process. More often than not, this leads to uncomfortable conversations, frustrating arguments, and many differences of opinion. At the same time, it is not ideal for students to feel pressured into pursuing a career path that does not match their own aspirations.
It also helps to remember that educatio
Risk management is and always will be an integral aspect of life. This is especially evident when seeing life as a massive web of cause (activity), consequence (reaction), and 'risk' as the deviation from the ideal. I believe that approaching risk in this manner may be liberating because it enables us to forsake activity labeling in favor of considering the uncertainty of established outcomes. For a risk-taker, thinking in these terms reinforces the internal locus of control and contributes to t
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A question faced by many business leaders in today’s dynamic, uncertain, and chan
Source:
Knowledge@Wharton
Content moderation is a delicate balancing act for social media platforms trying to grow their user base. Larger platforms such as Facebook and Twitter, which make most of their profits from advertising, can’t afford to lose eyeballs or engagement on their sites. Yet they are under tremendous public and political pressure to stop disinformation and remove harmful content. Meanwhile, smaller platforms that cater to particular ideologies would rather let free speech re
In 2020-2021, the World Economic Forum (WEF) sponsored a strategic simulation of a global cyber attack entitled exercise Concept 2021. The WEF simulation consisted in:
“An international capacity building initiative aimed at raising the global cyber resilience”. The participants included high tech companies, numerous banks and financial institutions, internet companies, cyber security agencies, corporate and government medi
A meta-analysis of 200 surveys over 20 years finds that CSR is often embraced as a “halo” strategy.
For two decades now, the question of why companies practice corporate social responsibility (CSR) has gripped practitioners, policy makers, and academics alike. Strong interest in this question has been driven by the increasing engagement of companies worldwide in all manner of CSR activities, from reducing
In this week's blog post, we're sharing insights based on our latest interview with Jim Wetekamp, the CEO of Riskonnect, a global leader in integrated risk management technology. Their platform consolidates data, connects risks, and illustrates their relationships with a growing list of unique risk management applications and risk-correlation engine to help customers understand risk at every level. This time, we are focusing on a timeless yet ever changing topic with latest developments and
Hello Global Risk Community member,
Many organizations use multiple business applications for maximum productivity. They use best-of-breed software to manage various aspects of their business, including finances, sales, and human resources.
While this approach offers many advantages, there are also potential risks.
When the same person has authority across these applications to create transactions, there is a possibility for fraud that may go undetected for months.
For example, a user can crea
If one of your New Year’s resolutions is to improve your time management skills, then Wharton management professor Michael Parke can help. He’s the co-author of a study that looks at two specific types of daily planning for employees. It turns out there’s no perfect solution — the best type depends on y
The GlobalRisk Community is a thriving community of risk managers and associated service providers. Our purpose is to foster business, networking and educational explorations among members. Our goal is to be the worlds premier Risk forum and contribute to better understanding of the complex world of risk.
For companies wanting to create a greater visibility for their products and services among their prospects in the Risk market: Send your business partnership request by filling in the form here!
