Rereading the title of this post, my first reaction is that this is stating the blindingly obvious. The problem is, in reality this is far from that obvious. More than once I've been confronted with situations in which risk acceptance by a manager turned out to become risk ignorance. And risk ignorance is just another … Continue reading Risk acceptance requires hard work
Tag: due diligence
The external specialization fallacy
You can't oursource your core tasksThere are a couple of essential tasks you cannot outsource: If you're about the execute a coup d'etat, you can't bring in mercenaries in key roles or positions and assume you will remain in control; If you want to rule a market, you cannot have key product development and innovation … Continue reading The external specialization fallacy
The Three Laws of Due Diligence
The emptiness of due diligenceLooking around in current day to day business, I see less and less evidence of due diligence in its core meaning. At least the core meaning I learned but mainly understood based on practical experience. The idea of due diligence has been replaced by a number of elaborate governance frameworks which … Continue reading The Three Laws of Due Diligence
Exploring The Black Box 