Ecosystems for the rest of us
Before companies can benefit from collaborations, they must be clear about their role.
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Tata Power’s pursuit of a renewable future for India
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Building resilience in a polycrisis world
To stay operational, even in the worst of times, focus on what matters most. It will change your risk culture.
In the March 2023 digital issue of strategy+business:
Risk: See it, share it, sort it
By seeing the risks that matter and collaborating across silos, leaders can nimbly manage threats—even as they create value and build trust.
This issue of strategy+business shows leaders a new way to view risk, and a new, more collaborative way to identify—and approach—the risks they face. It's time to change the game.
For business leaders, operating in the current risk landscape is a bit like squaring up to a hectic game of whack-a-mole.
And just like in the old carnival game, the risks that companies face don’t just pop up one at a time, but come in pairs or even groups.
Risk culture is assessed through action. If you’re not willing to slow down a digital transformation or delay the release of a product because of a security risk, that suggests that the organization does not have the right kind of culture. Those are the tough trade-offs that demonstrate that the company is willing to put its money where its mouth is in terms of managing risk effectively.
Trending articles
- 1.Ecosystems for the rest of us
Before companies can benefit from collaborations, they must be clear about their role.
- 2.Lazy leaders and heroic managersStrategic transformation failures are often blamed on middle managers, but the real culprit is executives not delivering on three key issues.
- 3.The rise of the eco-friendly consumerDuring the pandemic, people have become more sensitive to the environmental impact of their shopping decisions—and companies are responding.
- 4.What happened after India eliminated cashIn 2016, the Indian government abruptly wiped out most of the nation’s currency in hopes of ending black money and curbing corruption. Has the experiment worked?
- 5.Culture: Transformation’s invisible enabler
Successful transformation often requires organizational culture change to make the improvements stick. Leadership teams can increase their odds by focusing on three measures.
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