Co-workers can be good for your health. A 2011 research study from Tel Aviv University suggests having nice co-workers improves employee health. The researchers closely monitored 800 adults over twenty years, repeatedly interviewing them on a wide range of topics from the conditions in their workplace, the behavior of their bosses, and the niceness of…
A decade ago I read an intriguing article entitled “The Nocebo Effect: Placebo’s Evil Twin” which argued a patient’s pessimistic attitude could have negative consequences on their health. Research showed that patients who were warned of gastrointestinal side effects from repeated use of aspirin were almost three times as likely to exhibit the side effects…
In the Upside of the Downturn, Geoff Colvin suggests death rates go down in a recession. Regardless of the accuracy of the claim, it’s worth remembering the recession provides new opportunities for companies willing to take risks. To emphasize this point, Colvin subtitled his book “Ten Management Strategies to Prevail in the Recession and Thrive in the Aftermath.”…
A few weeks ago I got a chance to listen to Geoff Colvin talk about his new book, The Upside of the Downturn. Geoff, a long-time editor and columnist for Fortune Magazine, is an engaging speaker and he peppered his opening comments with headlines from that morning’s newspapers. He also made the intriguing claim death…
In a McKinsey Quarterly article entitled “Management lessons from the financial crisis,” UCLA business professor Richard Rumelt coins the term smooth-sailing fallacy: This smooth-sailing fallacy arises when we mistake a measure for reality. Competent management always looks deeper than the numbers, deeper than the current measures. Incompetent management just focuses on the metrics, on the body…
A new report entitled the Current State of Enterprise Risk Oversight (alternately, here) has been published by several faculty members from the Enterprise Risk Management (ERM) Initiative at North Carolina State University. For me, the conclusions are alarming, but perhaps not surprising: Despite the growing pressures for more effective risk oversight that are emerging from the…
At the end of every month, I review my most popular posts from the last 90 days. In Q2 Dilbert on Risk Management showed up in the top 5 for the first time:The surge in popularity is interesting but I’m not sure that it’s reliable, especially since Google Trends doesn’t show the same pattern. Regardless, risk…
A few of my favorite quotes about performance management: Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat. Sun Tzŭ c. 490 BC, Chinese military strategist Management is doing things right; leadership is doing the right things. Peter F. Drucker, American Management Guru The essence of competitiveness…
Even though I’ve spent a lot of time over the last year talking to clients about risk management, I haven’t covered the topic in this blog other than my post on Risk Friends and Key Risk Indicators. This is especially odd as I’ve come to believe strategy management and risk management are inextricably linked. I’ll expound…
I don’t normally promote other peoples’ blogs and instead comment on their posts or add them to my blogroll. However, I stumbled upon the Riskfriends Weblog which is dedicated “for risk professionals or people who just like risks”. Despite a little sleuthing, I haven’t been able to find out anything about the author other than…