A lot of people and organizations think they are taking risks and managing them effectively because ‘on the surface’ (revenues, short-term profits) everything appears to look good!. Unfortunately, it is only during a crisis that they will find out too late that they are ‘naked’.
Business Schools Education: Creating MENACES to Society?
I was attending recently a Forum organized by ESSEC Business School in Singapore (on the 26t february 2013). The topic under scrutiny was:
“Can Management Education Cope with Globalization Crisis and Sustainability?”
To explore and discuss this topic Continue reading
Perception vs Reality: Using stress testing for a PR job
A Stress testing is a form of test that aims to evaluate how a system (financial system) or an entity (a Bank in this case) can cope when subjected to amounts of stress that goes well beyond the ‘normal’ expected operational environment. The goal is to observe the results to determine the resistance range and breaking point. Continue reading
Sony Reputational Nightmare: How to piss off 77 millions customers!
A major hack attacks resulting in tens of millions of your customer’s information including credit card details to be compromised and forcing your organization to shutdown your main online money-making system should be one of your worst nightmares. Continue reading
Better Dead than Alive ? – Assessing Political Risk
Since the announcement late at night by President Obama of the death of Osama Bin Laden during a special broadcast to more than 56 millions viewers, Americans have been celebrating the death of one of their worst enemies and the success of a very daring mission. Continue reading
HRM Awards 2011, What is ‘Hot’ and what is ‘Not’.
I was last Friday (4th of March) invited to present the Singapore HRM award 2011 for “Best Change Management Practices” to the winner of this year contest. This year’s winner: Kraft Food Singapore managed to beat on the line MOM, ANZ, NOKIA and a few more organizations of the same league. Continue reading
The challenges of Entrepreneurship
I just wrote an article on Entrepreneurship entitled:
NOTHING VENTURED, NOTHING GAINED! It has been published on one of Singapore famed entrepreneur’s portal, Nanz Chong-Komo at Nanzinc.com (Nanzinc.Com is a website for Asian entrepreneurs to gather and find information and support for their business).
The Motto title of my article encapsulates the fact that you can’t get anywhere and succeed in anything in life unless you’re willing to take risks. Obviously it means that you have got to be ready to make mistakes and fail with sometime very painful consequences. Opportunity and Risk are the two face of the same coin and hence must be managed in an integrated manner. In this article I explore the too often ignored relationship between creating value and risk management. And why no taking risk management seriously is Gambling your assets away.
Follow the link to read the full article.
Are CEOs Over-paid? Big Carrots, Blind Spots and Very Small Sticks!
The row over executive compensation has been reignited by the recent awarding of about £8 to 9m bonus to Bob Diamond, CEO of Barclays. Bob’s feisty defense of his bonus has further exasperated the many people who think that bankers are over-paid when we consider their ‘real’ performance. Continue reading
What is Risk?
The First step in understanding Risk Management and Decisions about Risk is to try to understand RISK itself! This is a challenging undertaking, a even though everybody may have an ‘idea’ of what risk is, when you ask them to define it precisely, most people will find it very difficult. Continue reading
The Risk Management ‘Explosion’
In the wake of a string of catastrophic events such as economic crises (Asian financial crisis, Dot-com Bubble, etc.), major corporate failures (Enron, WorldCom) and the rise of new risks and uncertainties (epidemics, terrorism,), organizations all over the world are now facing increasing and conflicting pressures from their stakeholders Continue reading
The Risk Management Paradox 