Risk Management

Showing 1-20 of 107

The Future of Work in Developing Economies

  • Frontiers

  • Research Highlight
  • Read Time: 5 min 

Countries facing the greatest risk from automation are those that have labor economies in which many jobs involve manual or routine tasks that can be easily automated. Analyzing occupations in terms of their component parts provides a much richer way of looking at jobs than estimating the effects of automation more broadly.

Preparing for the Risky World of Extended Reality

  • Frontiers

  • Research Highlight
  • Read Time: 9 min 

Technologies like virtual reality and augmented reality show great promise in fields like medicine and manufacturing, but they come with risks to individual and societal well-being that could be incredibly hard to reverse. Now is the time for business leaders to take measures to prevent, or at least mitigate, the potential downsides of such tools.

Why Multinationals Should Consider Geographic Complexity First

  • Research Highlight
  • Read Time: 9 min 

Well-executed international expansions can provide access to new markets, customers, and revenue streams. But many companies underestimate operational complexity and end up with a country portfolio that slowly and subtly erodes profitability. New research offers a framework for managing successful country portfolios and making some key decisions before the next recession hits.

How Companies Can Prepare for Sudden CEO Turnover

  • Read Time: 4 min 

Recent CEO departures have been attention-grabbing but are also part of a larger rising turnover rate for the top job within companies. Chief departures can signal fear and uncertainty within the ranks, and often managers and employees feel a lack of direction for moving forward. To mitigate risk, organizations must take steps to prepare for uncertainty.

advertisement

Leading in the Age of Transparency

In a data-rich world, company stakeholders know more than ever about the organization and possess unprecedented power to spread the word when something goes wrong. Leaders must realize that the damage to the business and its reputation will be revealed more quickly and spread faster and wider than ever before — so it’s vital that they look carefully at potentially risky decisions and practices.

How Platform Strategies Continue to Create Value

  • Read Time: 6 min 

Platform companies continue to surprise and challenge conventional approaches to creating value. The 2018 MIT Platform Strategy Summit brought together innovative leaders who are playing a major role in the changing digital economy. Learn from their experience with five major principles for creating new value with platforms.

Get Things Done With Smaller Teams

There are many reasons why large programs fail, but one potential cause is that they simply break down under their own weight. Smaller teams move faster, iterate at a higher frequency, and innovate more for the company. There are ten specific ways that managers can nurture small teams in big organizations, from increasing visibility and accountability to being less formal when sharing information.

advertisement

Platforms That Grow Are More Than Matchmakers

Platform businesses, like Airbnb or Lyft, often talk about themselves as if they’re merely matchmakers. That’s a smart pitch — when a company is negotiating with investors. But any platform that wants to succeed will have to learn something Airbnb did: Matchmaking isn’t everything. Success also depends on identifying and mitigating risks for your buyers and sellers. The quantity and quality of goods or services bought and sold on your platform will be proportional to the amount of risk mitigated.

Your Customers May Be the Weakest Link in Your Data Privacy Defenses

  • Read Time: 5 min 

Many ethical, lawfully managed businesses have consumer data they aren’t legally authorized to possess, obtained from a surprising source: their customers, who inadvertently share the personal data of family, friends, and colleagues. And in the wake of the Cambridge Analytica scandal and the enactment of the EU’s General Data Protection Regulation, peer-dependent privacy is emerging as a critical consideration for businesses.

Tangled Webs and Executive Naïveté

  • Read Time: 6 min 

Leaders in a digital world have to navigate more complexity than ever before, where a problem that arises in one node of such network work can spread easily, with widespread adverse impact. But complexity-induced problems often have similar fundamental causes — and similar solutions. Leaders can ameliorate the effects of complexity by developing broader, not just deeper, perspectives; learning to think in terms of scenarios; and being clear about strategic intent.

How to Develop Strategy for Execution

When developing strategy for execution, managers often want to start by setting their strategic priorities, but that’s a mistake. Management teams should start by identifying the corporate vision and critical vulnerabilities — both of which help clarify and shape priorities.

advertisement

Digital Audits as a Tactical and Strategic Management Resource

  • Read Time: 6 min 

New factory audit processes help companies that outsource production to evaluate supplier performance in more depth, leading to more effective decision-making. Three key issues that hamper modern auditing — standardization, cost inflation, and fraud — are being mitigated by new systems that automate the inspection process while tailoring it to specific inputs. The result: analytical capabilities that go beyond the classic audit model.

Which Rules Are Worth Breaking?

Creating innovative products and services that disrupt the status quo requires creativity, and creativity involves thinking differently about constraints. But too much of a “the rules don’t apply to us” attitude can lead to ethical crises. That’s what’s happened at Uber, where a string of controversies led to a mass exodus of executives, including the company’s president and CEO. Organizations intent on innovating need to understand ahead of time the consequences of breaking certain rules.

Showing 1-20 of 107