With stagnant demand across many developed economies and increasing uncertainty in emerging markets, CEOs are under pressure to execute an effective growth strategy.
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In the aftermath of a high-profile corporate crisis, it is a foregone conclusion that chief executives must respond quickly to avoid further backlash. However, according to the HBR article Strategy: How to Live with Risks, a recent survey shows 60% of corporate strategy officers said that their company's decision-making process is too slow and that 91% of these companies plan to reprioritize risk management in the next three years. So what can senior executives do to prepare, or better yet avoid a highly combustible situation?
Safety nowadays is just as relevant in the oil and gas industry as it was 10 years ago. And, while the industry continues to make great strides to reduce the amount of job-related injuries, the reality is the same safety policies and procedures that have been in place for years are simply not enough to prevent fatalities. Based on our depth of experience working with oil and gas executives,
Knowledge transfer a must
In the natural resources industry, companies are faced with the daunting challenge of maintaining current production levels despite an industry-wide shortage of skilled workers. For example, the lack of college graduates specializing in mining operations
Many major banks are suffering declines in trading revenue amid an environment of tranquil markets and stringent regulations.
Every year hospitals waste millions of dollars on misused or overused items, such as disposables, general supplies, laundry, uniforms and food. Changing a wasteful culture starts with identifying and correcting processes that that are detrimental to the inventory management process. However, this type of change is easier said than done. It is often difficult for hospital executives to implement a new framework of operations on every floor – they neither have the time nor the resources to execute a plan of this size and scope.
In light of a series of recent high-profile corporate crises, CEOs know they need to act. Survey data appears to support this with many CEOs revealing they are planning major change in this area. And yet another survey reports that many have appeared to baulk at active personal intervention.