Industrial companies may not be the face of digital disruption, but their evolutionary approaches to
successful digital initiatives hold lessons for other sectors.
Transforming the organization to reap the benefits promised by advanced digital technologies is no longer a question of “if” or “when”; it’s a question of “how.” Business leaders are often counseled by expert advisers to set up a dedica
In this week’s blog, we’re sharing insights based on our latest interview with Christine Uri. She shed light on how the ESG environment is coming more into the compliance sphere and how we should be thinking about this from a risk management perspective. Christine is the chief legal and sustainability officer at ENGIE impact. ENGIE Impact is a company that operates in the primary sphere of guiding corporations through their sustainability transformation. Her responsibilities in the c
Work that permits autonomy, demands problem-solving, and meets other criteria for good design
can bolster employees’ cognitive skills and ongoing learning.
Promoting worker learning is an increasingly urgent priority: To succeed at executing technology-driven strategies, a company must have a workforce that can rapidly adapt to and master new tools, processes, and roles. As AI systems automate m
Hi Global Risk Community member,
I invite you to attend our upcoming CPE webinar Cornerstones to Strengthen Third-Party Risk Management on Thursday March 24th at 1pm Eastern.
According to a recent survey by security vendor Anchore, 64% of businesses were affected by a supply chain attack in the past 12 months, and this year supplier attacks are expected to quadruple according to the European Union Agency for Cybersecurity. A well-orchestrated TPRM program can not only mitigate third-party cyber
Hi Global Risk Community member,
With regulators committing to include climate considerations in their oversight of financial institutions, are you integrating climate change and ESG factors into your risk management frameworks and appetite?
Successfully integrating ESG and climate change factors into enterprise risk management and business decision making will open new opportunities and create competitive advantages.
Leading financial risk experts from across the US will be assembling at the ES
Rising generations of employees are demanding that leaders engage on topics such as climate change
and racial equity. Leaders must understand how to respond.
Source: MITSLOAN
MANAGEMENT REVIEW
MIT Sloan Management Review’s recent Work/22 virtual symposium invited a range of experts to share their insights into the challenges leaders will face in the year ahead. Among them was Megan Reitz, a professor of leadership and dialogue at Hult International Business School, w
A new book examines the unique experiences women of color face in the workplace
and offers insight on how to improve work for everyone.
Deepa Purushothaman was one of the youngest people and the first Indian American woman to make partner in Deloitte’s history. But having ascended high up the corporate ladder, she realized that her work life wasn’t working. It took conversations wi
I very much enjoyed General Stanley McChrystal’s Team of Teams. I’ll definitely draw on his observations as I get fully stuck into writing my next book Team Think – How teams make great decisions.
Here is a great summary article in Chief Executive about Gen. McChrystal’s Risk Immune System analogy he espouses in his latest book Risk: A User’s Guide. The analogy of HIV/AIDS not being the cause of death of HIV/AIDS sufferers. They die from other causes once their defences are compromised. He explai
In this week’s blog post, we’re sharing insights based on our latest interview with Stephen Schork the editor and the principal of The Schork Group. The Schork Group's primary goal is to provide research analytics and trading as well as hedging recommendations with analysis for the global energy community.
Stephen gives insights on the current status of the energy market, and how recent agreements have made an impact on the economic growth, such as with the raise in energy prices. T
The role of corporate functions, traditionally, has been to conduct the various service-oriented specialized tasks necessary to run the business. Corporate functions are of strategic significance in achieving organizational objectives yet their role at most enterprises is kind of contractual at best. These units assist in routine operations, facilitate other business units, and manage conflicts and relevant pressing matters. For instance, the Human Resources (HR) function is typically respons
In December 2020, the first highly anticipated doses of COVID-19 vaccines arrived, sparking hope that 2021 might bring a fresh new start less burdened by the pandemic. Since January, the world has made huge strides in managing the pandemic — but coronavirus variants have advanced as well. Thanks to the delta variant, the Great Of
Many growing companies are adopting a best-of-breed approach to business applications. Rather than purchasing their ERP, CRM, HCM, warehouse management, and other systems from the same vendor, companies are using products from multiple manufacturers and integrating them together, often in the cloud. In addition, through mergers and acquisitions, they are integrating with still other business applications and bringing in the system administrators and employees from the acquired company.
Knowing w
A few blogs ago I mentioned Digby Scott’s definition of a change maker:
“…self-driven, self-starters, who don’t need hand holding, but they do value fresh perspectives, ideas and inspiration to help them make the impact they want to make.”
Below I align his four descriptors of people’s attitudes to change from his book Change Makers to my four levels of descriptors of how a risk function may be perceived by the business you are trying to change. Such an interesting comparison, don’t you think?
Openverse has its origin embedded in copyrights, with a long and interesting journey. Before we understand how it will revolutionize WordPress, let’s first get to know about Creative Commons (CC).
Creative Commons is a nonprofit organization, a global network, and a global movement taking its inception from people around the world, who wish to share their knowledge, creativity, ideas, on a flexible term rather than following the default copyright laws. All this sharing is enabled via a set of o
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If you have been reading my last couple of blogs you will know I have been talking about change management (in particular for risk managers).
Of course, change management means identifying and managing stakeholders. This week I facilitated a workshop that presented the perfect example of the risk that stakeholders pose if they are difficult to influence. It involved a state government agency that has become the tail-wagging-the-dog type of powerful stakeholder agency. I’ll call them the “boss” ag
We can achieve the rewards of reflection and avoid the pitfalls of rumination by
having a plan to direct our energy.
The neuroscience is clear: Our brains are capable of processing only a fraction of the information available to them, and we have a fixed amount of mental energy at our disposal, regardless of how much we want or need in any given moment. Consequently, our brains use as little mental energy as
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Humans inherently connect to each other in an indigenous context, generate kno
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