Last week I wrote about corporate high performance units. Today I write about their biggest challenge: Battling the underlying intangible forces that dictate an organisation’s ability to outperform others. Every organisation is made up of people making decisions to fulfil a purpose. Simple isn’t it? If only it were so. As I have often written,
Sport learns from business and business learns from sport. The time is now for corporates to adopt from sport, wholeheartedly, the concept of High Performance Units. I say wholeheartedly because I hear “high performance” used in corporates often. However, I rarely see anything new and exciting. A High Performance Unit (HPU) in sport is the
It is a question that’s difficult to answer, however, let me ask it anyway: “Why will otherwise perfectly rational people ignore risk?” I’m not talking about thrill-seekers who love the adrenalin rush of high-risk outdoor pursuits such as base jumping, where there is no reserve parachute as there is no time to deploy one if
It’s funny how everyone wants a great strategy but not everybody wants to deal with the risk of achieving the strategy. I think it is because the following statement is true: “Risk management is good management.” Hence most of us will think and sometimes say, “Doing my job is managing risk”. And most of us
Here is the essence of a conversation I had with a senior leader in a large publicly listed company:- Me: How’s business? Senior Leader(SL): Great! Me: That’s good! All your major projects are going well? SL: Yes, all good! Me: How’s your risk function going? SL: Not great. People just treat it as a tick-the-box