article thumbnail

Why Leaders Need to Think More Like Professional Gamblers

Leading Blog

While their job may have been setting or applying strict credit policies in the past, they may now start to wonder whether their traditional credit rating models are still effective. Probabilistic risk managers will think about the future of how they work.

article thumbnail

Secure leadership for an insecure economy

Chartered Management Institute

Advice: Secure leadership for an insecure economy Written by David Waller Tuesday 05 December 2023 Share Share to Twitter Share to Facebook Share to LinkedIn Share via email More than six million UK employees live in a state of permanent high alert, subject to last-minute schedule changes and uncertain when their next pay packet is coming.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Lesson from Warren Buffet about Ethical Blind Spots

Harvard Business Review

Creating true objectivity — whether in managerial or organizational decisions — requires eliminating the conflicts of interest that bias judgments.

Ethics 15
article thumbnail

The Real Solution Is Growth

Harvard Business Review

Recent headlines have focused on the debt ceiling , the recent credit rating downgrade , unemployment , and the other thorny fiscal challenges facing the United States. The United States is lagging behind other countries in these activities.

article thumbnail

7 Ways to Improve Operations Without Sacrificing Worker Safety

Harvard Business Review

They are then reviewed by the company’s Manufacturing Leadership Council. At Cummins, Inc., for example, serious incidents are reported directly to the COO and communicated to business unit vice presidents as well.