In an increasingly volatile world there is arguably no more important role for senior leaders than to prepare their organizations for risk – taking it, avoiding it and managing it. This was apparent before, during and after the 2008 financial crisis. Some organizations were ill prepared to manage the risks they had built up over the previous decade of dramatically expanded leverage. They either failed or were badly damaged by the financial markets meltdown and subsequent recession. Others had recognized the risks and had either avoided them or developed robust coping structures, systems, processes and cultures that allowed them to survive or even prosper when the immediate crisis was over.
Reprint from Ivey Business Journal
[© Reprinted and used by permission of the Ivey Business School]
We Indians suffer from a rather serious defect,the defect of a relatively short memory. I say this in the reference to the ongoing demand to make Narendra Modi the Prime ministerial candidate of the BJP. The same Narendra bhai whose government in collusion with the Indian version of the Ku Klux Klan, the Sangh Parivar, was responsible for the massacre of thousands of Muslims in Gujarat. Mr.Modi,who claims to be the most proficient administrator, acted like Nero while Gujarat was raped by saffron-clad men.why didn't he showcase his administrative skills in protecting the other half of our brethren.We as educated men of India,must not give way to Modi's immense skill as a salesman capable of selling expired products,claiming that it is the best in the market. Please remember the Prime Minister must be a man with the strength to protect the secular credentials that make up India. Jai Hind!
on Jun 13, 2013