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Managers and people in higher positions, in general, are always looking for ways to improve bottom-line operations and minimize the risks. Risk management helps them stay on top of the market challenges and trends in the relevant industry. Risk management, as we know, it will definitely change in the coming years. Digitization.
Sure, these technological improvements help in many ways. Our fast moving, globally networkedeconomy simply was not possible a few years ago. But more often than not, the problem we’re facing isn’t a technological one, but a social one. How tools are changing the way we manage, learn, and get things done.
Luckily, b-school professors seem to be hybrids of economist, therapist, actor, and manager. They learn to demonstrate innovation aptitude, how to handle value gains and losses in economic, environmental, and technological systems, and when to ask for signals and feedback from teammates, competitors, outside experts, and professors.
Benjamin Graham , the father of value investing, seldom met the managers of the companies he invested in because he felt they would tell him only what they wished him to hear and because he didn’t want to be influenced by impressions of personality. So is there something different about the managers who do succeed?
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