Remove 2012 Remove Operations Remove Risk Management
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The Olympics as a Story of Risk Management

Harvard Business Review

Risk management is now at the heart of the governance model for the Olympic Games and the Olympic movement, and not only because of their growing scale and complexity. At the start of the Atlanta 1996 Olympics, it was a catalog of minor operational and logistical problems that led journalists to start reporting on "the glitch Games."

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Managing Risks Means Managing Arguments

Harvard Business Review

That discord in 2010 and 2011 contributed to the chief investment office's losing trades in 2012, the current and former bankers said. Managing risks — especially the hard-to-pin-down, moving-target risks that any financial trading operation has to cope with — inevitably involves arguing.

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Joint Ventures Reduce the Risk of Major Capital Investments

Harvard Business Review

The latest nuclear reactor designs, promising higher safety, longer operating life, and lower operating costs, cost up to $25 billion after factoring in the huge budget overruns. The common idea behind these models is that the company does not have to be the (full) owner of the asset to be its (sole) operator.

Assets 12
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Can JP Morgan Transparently Police Itself?

Harvard Business Review

A future compensation action would reduce 2012 variable benefits (bonus or equity awards) in absolute terms (or through a much slower rate of increase). Holding people to account for these and related issues is an essential element of a broad approach to risk management inside financial services (and industrial) firms.

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It’s Never Been More Important for Big Companies to Listen to Local Communities

Harvard Business Review

For example, the delays associated with social conflict at large mining operations can run in the vicinity of $20 million per week. Clearly, the failure to recognize the risk of social conflict can cost millions of dollars and set investments back by years. Ignoring the bigger picture is likely to lead to costly mistakes.

Energy 12
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The Comprehensive Business Case for Sustainability

Harvard Business Review

This can disrupt a firm’s ability to operate on schedule and budget. ” Improving risk management. ” Improving risk management. Climate change, water scarcity, and poor labor conditions in much of the world increase the risk. billion in mining projects since 2010. Fostering innovation.

Assets 15
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Your Board Should Be Full of Activists

Harvard Business Review

Among their trophies in 2014 was a complete housecleaning at Darden Restaurants, the largest operator of full-service restaurants in the U.S. Much the same occurred at Canadian Pacific Railway in 2012, when Pershing Square Capital Management acquired control of its board.

Assets 13