Business Transformation Requires Transformational Leaders

Leadership and teaming skills are front and center in times of rapid change. Meet today’s constant disruption head on with expert guidance in leadership, business strategy, transformation, and innovation. Whether the disruption du jour is a digitally-driven upending of traditional business models, the pandemic-driven end to business as usual, or the change-driven challenge of staffing that meets your transformation plans — you’ll be prepared with cutting edge techniques and expert knowledge that enable strategic leadership.

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Insight

By shipping software, an executive agrees to assume the risk that the software will not cause some future costly event. However, there is still some possibility that some event will occur, creating a significant liability. By assuming this risk, the organization self-insures itself against future liabilities. This Executive Report explores how to price this self-insurance and how to use this price in the decision to ship or to invest further in improving software quality.

We often need to reason about the value of some quantity x that will occur in the future. We are not certain about the value of x because we do not have complete information.

You can (with computer assistance) compute functions of random variables. If y = f(x1, x2, ...) and each xi is a random variable, how would you find y? Note that y is a random variable.

Every software executive that faces the decision whether or not to ship code must answer the question, "Do the economic benefits of shipping outweigh the economic risks?" To decide, the executive must have a view of each. The hoped-for benefits are clear in that they are up front in the decision to build the software.

In a prior Advisor (see "Something Is Happening Here"), I briefly described four megatrends shaping the world we live in. The topic of this Advisor, the end of anonymity, is worth a deeper look.

Here is a planning exercise for your IT management:

The Target Board of Directors and CEO Gregg Steinhafel announced on 5 May that Steinhafel would step down as CEO. This is the first time in my memory that a CEO for a Fortune 50 company has been forced to step down because of cyber security problems.

We've come a long way from the skeptical reception Agile used to get in product development organizations. There was a time not that long ago when budding Agilists had to be prepared with a huge arsenal of arguments in favor of the young methodology in the face of traditional waterfall supporters.