Strat gaps – strategic capability gaps. Every organisation has them. Some people hire to fill the gaps. Others invest plenty in technical competence development or on leadership development. How much have you invested in helping to improve the judgement of each of your team? I’m sure you coach them, encourage them and provide them with
Despite rising to where you are through great decision making, you know you’re not infallible (just ask your partner or closest friend!). Why? Regardless of your position within your organisation, you’re part of a team, and the vast majority of decisions – even those that are for you and you alone – will, in the
The ability to think critically and participate in robust debate are core skills needed by executives and boards. In What’s Wrong With Boards: Rethinking corporate governance, author Professor Fred Hilmer emphasises time and again that completing a skills matrix for a board and recruiting to complete it is wholeheartedly insufficient if these types of skills
While Maturing Options are more associated with finance than with risk management, they offer a right to decide. For finance professionals a maturing option provides a right to decide in the future on whether to exercise the option, sell the option, or let it lapse, depending on its value at maturation date. A mature risk
I know it’s hard to design a risk framework everyone likes and agrees is fit for purpose – actually, I’d say it’s impossible – but some are shameful. When I deliver the RMIA’s Enterprise Risk Management Course, I’m constantly reminding participants that their frameworks must be designed to drive the right behaviours for their organisation.