In brief 1. Cyber risk The pandemic expanded digitization as companies embraced cloud-based services and remote working. This was great for business, and catnip for cybercriminals. PwC’s 2023 Global Digital Trust Insights Survey found that 66% of executives reported an increase in cyber breaches since 2020. How are companies faring? Although more than 70% of […]
Read MoreHow CEOs can better meet investor expectations on climate It’s possible that some of the disparities between CEO and investor outlooks on climate risk in 2022 reflect the relative urgency of other threats, such as inflation and macroeconomic volatility. In 2021, one-third of CEOs surveyed by PwC said they were “very” or “extremely” concerned about […]
Read MoreCourage. That’s the word that comes up most frequently when I talk to senior leaders about the quality they’re looking for in executives in this very challenging moment. Related insights Courage in this context means having the confidence and fortitude to make a decision when there is no obvious right or wrong answer. […]
Read MoreUnbreakable: Building and Leading Resilient Teams by Bradley L. Kirkman and Adam C. Stoverink (Stanford University Press, 2023) Teamwork is trending—and probably always will be. But managing teams isn’t getting any easier. Related insights Business leaders are still coping with the unprecedented dispersal of staff prompted by covid and enabled by technologies such […]
Read MoreTransformative catalyst At some companies, sustainability is still managed at a functional level, often with limited resources. But finding success in evolving ecosystems and value pools will require paying more attention to how companies interact with the world and the communities around them. As a result, many companies are realizing that sustainability is an enterprise-scale […]
Read MoreThe Burnout Challenge: Managing People’s Relationships with Their Jobs by Christina Maslach and Michael P. Leiter, Harvard University Press, 2022 After New Zealand Prime Minister Jacinda Ardern unexpectedly announced her resignation on January 19, the lead on CNN’s analysis read, “Burnout is real—and it’s nothing be ashamed of.” Indeed. Related insights It would […]
Read MoreRisky Business: Why Insurance Markets Fail and What to Do About It by Liran Einav, Amy Finkelstein, and Ray Fisman, Yale University Press, 2023 What’s going on with insurance markets? Why are policies so expensive and riddled with exemptions? Why do insurance companies have a bad rap when it comes to making claims? These are […]
Read MoreFirms have all kinds of stakeholders, and they’re all supposed to matter. But companies naturally tend to focus on their employees. The people who work in a company embody the place. They’re the ones you see every day, and they’re the ones you’re trying to motivate. Of course, no stakeholder is more important than the […]
Read MoreDigitally enabled ecosystems are a vital part of the modern business landscape. They open the door to new customers and markets, and broaden and enhance a firm’s value proposition through the seamless bundling and integration of goods and services. Last but not least, ecosystems help companies become more innovative. It’s little wonder so many want […]
Read MoreWhat we did—and why To better understand what’s behind top performance we needed to define performance. For purposes of this research, we used two measures: profit margin and revenue growth. Using both measures allowed us to account for important differences in how companies grow profits. Consider, for example, how two companies with identical profit margins […]
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