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Crossing a crevasse in the Himalayas during the assault on Mt Everest by Sir Edmund Hillary and Tenzing Norgay in 1953. Photographer Alfred Gregory. (Source: Alfred Gregory: Photographs from Everest to Africa. Penguin Books, 2008, ISBN 978-1-920-98961-3)

Managing Risks: Culture Matters More Than Rules

Idea posted: June 2013
  • CSR & Governance
  • Leadership & Change
  • Learning & Behaviour

Micro-regulation is not the most effective way to manage risks and improve services. The best guarantee of high standards is ethics-based risk control, underpinned by rules-based codes.

Formal risk management systems can encourage a box-ticking mentality, threaten internal and external relationships, and — in the literal sense of the word — demoralize people. The dangers are likely to be greatest where stakeholders have a strong emotional investment in self-regulation and ethics-based risk management.

Idea #160
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Dr. Stangelove', directed by Stanley Kubrick, 1964, distributed by Columbia Pictures (Source: Wikimedia Commons)

Scenarios Planning + Early Warning Scanning = Strategic Advantage

Idea posted: May 2013
  • Strategy
  • Innovation & Entrepreneurship
  • Leadership & Change
  • Operations

In today’s fast-moving environment, scenario planning (SP) and early warning scanning (EWS) are essential strategic tools. The former imagines future scenarios and helps frame possibilities; the latter highlights new developments in the market. Research suggests these tools work best if integrated as ‘co-specialization dynamic capabilities’ (CDCs). Organizations need to combine both practices dynamically – using scenarios to help frame the context for EWS, and using EWS to help focus on signs that scenarios will emerge.

Idea #144
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