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How Dumb Is Your Business?

N2Growth Blog

Posted on October 13th, 2010 by admin in Operations & Strategy By Mike Myatt , Chief Strategy Officer, N2growth How dumb is your business? At the risk of drawing the ire of corporate elitists, I submit to you that the dumber your business is, the better off you are.

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Why Businesses Fail | N2Growth Blog

N2Growth Blog

Gut instincts can only take you so far in life, and anyone who operates outside of a sound decisioning framework will eventually fall prey to an act of oversight, misinformation, misunderstanding, manipulation, impulsivity or some other negative influencing factor. They make bad decisions.

Blog 416
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The Big Picture of Business – Business Success Checklist

Strategy Driven

When you own and operate a business you need to have certain procedures for an efficient and seamless function. Sometimes the difficulty of managing your time makes for a haphazard operation. Objective analysis of how the organization has operated to date. Assets are adequately valued and managed.

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Deep questions: What diving teaches us about uncertainty and risk

Chartered Management Institute

In diving, we recognise we’re never going to get to zero risk because we’re operating in an inherently hazardous environment,” he says. This premise equally applies to the environment businesses operate in today. Human error is a very real consequence of people operating in the real world.

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The Risks and Benefits of Using AI to Detect Crime

Harvard Business Review

Businesses are constantly experimenting with new ways to use artificial intelligence for better risk management and faster, more responsive fraud detection — and even to predict and prevent crimes. How companies are using artificial intelligence in their business operations. Assessing and mitigating internal risks.

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The Avoidable Mistakes Executives Continue to Make After a Data Breach

Harvard Business Review

Executives today must operate under the assumption that they will experience a cyber incident that will require them to notify their customers, investors, and regulators. A study from risk management firm Stroz Friedberg found that just 45% of senior leaders believe they are responsible for protecting their companies against cyberattacks.

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Ideas Don't Equal Innovation | N2Growth Blog

N2Growth Blog

Contingency : Nothing is without risk, and when you think something is without risk, that is when you’re most likely to end-up in trouble. All initiatives surrounding new ideas should include detailed risk management provisions. Be careful of high level, pie-in-the-sky projections.

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