How big should your operational risk function be. Here are some factors to consider.
In the grand scale of cyber terrorism this is one that might actually be ethically ok. Disrupting meat production isn’t the end of the world and if encourages a few more ‘meatless Monday’s ‘ it may have a positive impact. Who knew that IT was critical in meat production? I’d take this over disrupting gasolineContinue reading “Cyber attack hits JBS meat works in Australia, North America | Reuters”
Targeting Giddy is not the answer- instead focus on the authorities that set the exorbitant prices. The state says it received more than 400 complaints about Griddy in less than two weeks. One woman who was hit with $4,677 on her credit card said, “I do not have the money to pay this bill.” —Continue reading “Texas Sues Griddy, Says Electricity Provider Misled Customers : NPR”
Texas – home of the Enron accounting scandal and energy deregulation shows the limits of letting free market theory drive electricity generation. We are learning that there were terrible winter storms 10 years ago in 2011. El Paso, Texas was one place badly affected by that. It invested in winterization initiatives and as a resultContinue reading “Texas shows the limits of free markets in Energy”
The ten factors to increase the likelihood of transformation failure according to IMD research — Read on http://www.imd.org/research-knowledge/articles/10-reasons-why-organizational-change-fails/ This is a a great article. I especially like the concept of co-creation – the concept that those affected are included in the design.
More people are realizing that we can augment our abilities even without artificial intelligence. Are you capturing that opportunity?
A way to show the time dimension of risk in a way that reflects how our brains evolved to look for changes in information. Don’t be a boiled frog!
Hubris: Excessive Pride or Self-Confidence Complacency: A feeling of smug or uncritical satisfaction with onself or one’s achievements We are in a very worrying phase of COVID in the US. It seems that the only states successfully controlling COVID cases are those that were in the first wave and suffered catastrophic losses. The graphic belowContinue reading “Complacency and Hubris are behind some of the biggest failures in Risk Management – and the US spike in COVID cases”
Determination: Be prepared to make tough decisions including those that constrain business activity. Data Driven: Transparency is the key to identifying risks and avoiding the bias that can come with gut feel. Resourceful: be creative in how you use your time and resources to focus on analysis and decisions that have the most impact. Respected: Cultivate respect by being measured inContinue reading “Why you need DRIVE to be successful in Risk Management”