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When we talk about probability and risk as they relate to healthcare they are two terms that often get confused and misused. In November 2014 I attended a National Press Club luncheon featuring Anthony Fauci, M.D., director of the National Institute of Allergy and Infectious Diseases (NIAID).[1] I attended Dr. Fauci’s lecture focused on the Ebola outbreak. As a Laboratorian and Health Educator there were many questions that I wanted to pose and gain knowledge on how the world was responding to t

What goes on in the home life of a 14-year-old girl such that she feels there’s nothing better to do than send nude photos of herself to a man whom she’s been corresponding with online? Though this goes well-beyond the parents not bothering to find out what their kids do online, another huge issue is the proliferation of online predators.

And for parents who DO care enough to monitor their kids’ cyber activities, here’s some unsettling news: A 2013 survey called  Digital Deception: Exploring the

You can’t change your fingerprint like you can change your password. But why would you want to change your fingerprint? The thought might cross your mind if your fingerprint gets stolen.

How the heck can this happen? Ask Starbug. He’s a hacker who demonstrated just how this could happen at an annual meeting of hackers called the Chaos Communication Congress, says an article at thegardian.com. His “victim” was defense minister Ursula von der Leyen.

Starbug (real name Jan Krissler) used VeriFinger,

One of the most frequently cited differences between Software-as-a-Service (SaaS) and On-Premise installations is the degree of flexibility between each type of solution. With SaaS solutions on the rise for GRC and Risk Management Software, more and more organizations are realizing that everything they thought they understood about the differences between SaaS and On-Premise is wrong. So what can we learn from their mistakes?

A Conflict of Interest

On-Premise vendors make about 50% of their revenu

1. Death is something inevitable. When a man has done what he considers to be his duty to his people and his country, he can rest in peace. I think I have made that effort and that, therefore, I will sleep for eternity.

Lessons: Understand that being alive is an opportunity to celebrate the divine within us and therefore the divine in others. The main duty of a human being is to recognize that for dignity and prosperity to be realized, peace should be felt first for it is within us in every breat

Most people think of Risk Management in terms of finance, insurance and business. In healthcare, Risk Management seeks out errors with the potential to cause human harm. Risk Management consists of identifying, evaluating, and controlling the risk of these potential errors through a variety of quality control measures that become your medical practices’ Quality Control Plan. Risk Management is defined in ISO 14971 as the “systematic application of management policies, procedures, and practices t

I’m sure you’re familiar with the game “Two Truths and a Lie.” If not, here’s how it is played; one person states three facts, and another person must guess which one of these three is a lie. Ready?

1. An investment firm attracted over $28 billion in five years using an investment strategy developed by a 20-year-old intern.
2. This investment firm was recently fined $35 million by the SEC for defrauding investors and presenting fabricated financial performance statistics to clients.
3. News of the firm’s fr

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" satisfies a deep human need to be really and effectually of service to th

If you want to be rich,
be generous.
If you want to be smart,
be simple.
If you want to be strong,
be kind.

Whatever you
are looking for
is inside of you.

You are missing nothing. You have everything.
The only problem is, you don’t know that.

All the things that we think
are important
will one day turn around
and become
unimportant.

Don’t let another day go by
without being touched
by the magic inside you.

What are the questions
that will lead to clarity about what it
means

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 discussion at

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: Risk & Compliance Platform Europe

We will also be organizing events, s

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 over $34 million in fines, Home Depot and Sony fell victim to IT security threats, and GM issued one of the largest recalls in automake

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 way for a new wave of technology applications that greatly improved the speed and efficiency of business to consumer interactions. Unfortunately, this significant reduction in friction has introduced one complexity: high rates of fraud due to the inability for businesses to verify users.

BUSINESS STRATEGY EXECUTIVE EDUCATION PROGRAM

REINVENTING YOUR BUSINESS STRATEGY: PUTTING CUSTOMERS BEFORE PRODUCTS

Using MIT's Revolutionary Delta Model to Change your Strategic Thinking, Identify New Sources of Revenue, and Transform your Organization

Enrique R. Suarez

International Business Strategy and Management Consultant/Professor

Harvard Innovation Lab Student Advisor, Harvard University

European Commission Research & Innovation Independent Expert

Master of Education & International Develo

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:

• Customer unique requirements are understood, including setting up the price that the customer can afford, quality assurance, and  timely delivery of products and services;
• Processes have owners, and they ha

Good morning...

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:

• · Customers and their requirem

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 RIAs.

Specifically, FINRA has

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 customer, is either as important as, or even more important than, the buyer. We need to relate to tha

Aggregate Metrics need to be supplemented with Granular Metrics

The popular wisdom today is that the success of a business can be managed by focusing on several key top-line variables. While these averages are helpful, our research has shown that the true performance drivers can only be identified by de-averaged granular metrics. The challenge then is to isolate these detailed metrics, measure the concentrations of cost, revenue and profitability, and learn how to harness these underlying perform