The organization and work of boards has been a central focus of debate regarding corporate governance practices and reform initiatives in both Germany and Japan. A common underlying concern has been how to ensure that both directors and management fully understand their respective roles, and have the skills and mind-set needed to perform those roles so as to enhance effective strategic decision-making.
Category: Management
Sir Stephen Gomersall: Globalization and the Art of Tea (speech by the ex-Hitachi director and executive)
Sir Stephen Gomersall,Hitachi Chief Executive for Europe and subsequently Hitachi Board Director (2004-2014) — >Princess Chichibu Memorial Lecture to the Japan British Society at Ueno Gakuen, Tokyo, 5 March 2015
Accenture: “How Japanese Companies Can Succeed in Today’s Diverse Global Markets”
Fascinating report by Accenture on the challenges faced by, and methods needing improvement at, Japanese companies seeking to globalize. The report is based on a survey of 250 executives in Japan, and many others in Asia. It also compares the above topics to the same issues for non-Japanese companies in Asia.
Skadden：”The Critical Takeaway for Every Company From the Sony Cyber Attack”
”The Sony cyber attack should teach companies an entirely different lesson. Target, Sony and myriad other attacks over the last two years highlight that every company is vulnerable to cyber attacks, regardless of their size, industry or the information they hold.
Important Lessons from the Demise of Kodak – Making the Hard Decisions Early Enough
Kodak, former photography trailblazer, files for bankruptcy
http://www.pressherald.com/news/Former-trailblazer-Kodak-files-for-Chapter-11-.html?pagenum=full
Kodak: A Lesson In Risk Aversion
https://www.bluesteps.com/Blog/Kodak-A-Lesson-in-Risk-Aversion.aspx
“Josh Hardy and the #SaveJosh Army: How Corporate Risk Escalates and Accelerates through Social Media”
There is extensive evidence to suggest that social media has fundamentally changed the relationship between corporations and constituents. For example, a 2012 survey by Edelman finds that “listening to customers” for the first time is considered equal in importance to providing a high-quality product or service when it comes to establishing trust.1 Consumers expect to be able to engage with companies through social media, and the vast majority of consumers believe that direct engagement between company and consumer improves brand image.
“For the Love of Money” – NY Times
A fine article that captures the essence of the money society and money addiction – ”IN my last year on Wall Street my bonus was $3.6 million — and I was angry because it wasn’t big enough. I was 30 years old, had no children to raise, no debts to pay, no philanthropic goal in mind. I wanted more money for exactly the same reason an alcoholic needs another drink: I was addicted….
http://www.nytimes.com/2014/01/19/opinion/sunday/for-the-love-of-money.html?_r=0
Cisco Annual Security Report Documents Unprecedented Growth of Advanced Attacks and Malicious Traffic
Threats Take Advantage of Expanding Attack Surface with New Technique
“In Life and Business, Learning to be Ethical”
Good article about this key topic that academics are studying more now. Excerpts:The participant flips the coin in private (though secretly watched by video cameras), said David DeSteno, a professor of psychology at Northeastern who conducted the experiment. Only 10 percent of them did it honestly. . … “the rescuers say, ‘What else could I do?’ ” she said.
The Global CSR Conference 2013: Seoul Declaration
From dangerous gaps in wealth and pervasive bribery and corruption, today we face multiple, critical global challenges that represent serious risks. No one country, company, or individual can redress these risks alone. Reducing and otherwise mitigating them requires collective action and partnerships among government, business, and the NGO community.