Advisor

Strategic Risk Management Never Ends

Posted October 5, 2006 | Leadership | Leadership |

In retrospectives on corporate failures, not surprisingly, strategic failure typically outranks operational failure as the primary cause -- often by a factor of two to one. Business history is littered with corporate carcasses marking a company's inability to deal with changes in its markets. As enlightening as corporate strategic failures are -- as engineering professor Henry Petroski notes, we learn to succeed by understanding our failures -- corporate strategic successes are also sources of useful lessons learned. Here is a short story of one of them.

About The Author
Robert Charette
Robert N. Charette is a Cutter Fellow and a member of Arthur D. Little’s AMP open consulting network. He is also President of ITABHI Corporation and Managing Director of the Decision Empowerment Institute. With over 40 years’ experience in a wide variety of technology and management positions, Dr. Charette is recognized as an international authority and pioneer regarding IT and systems risk management. Along with being a Contributing Editor to… Read More
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