* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, July 8, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

    Max-Matching Entertainments & Longhua District form partnership for new entertainment complex – Blooloop

    Max-Matching Entertainments and Longhua District Unite to Launch Thrilling New Entertainment Complex

    Kennedy Publishing, MGA Entertainment Launch Yummiland Magazine – License Global

    Kennedy Publishing, MGA Entertainment Launch Yummiland Magazine – License Global

    MAY HER SOUL REST IN PEACE 🙏 Veteran entertainment columnist and talent manager Lolit Solis has passed away. She was 78 years old. https://tinyurl.com/6kumarkx | LatestChika.com – Facebook

    Beloved Entertainment Icon Lolit Solis Passes Away at 78 – A Life Remembered with Love and Respect 🙏

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

    Technology and Construction Leaders Surge Into Top Stock Rankings: See the Latest Additions to IBD 50, Big Cap 20, and More

    Column: Teach kupuna new technology skills – Honolulu Star-Advertiser

    Empowering Kupuna: Unlocking New Technology Skills for a Connected Future

    EIFO invests $5 million in D3, the Ukraine-focused defence technology venture fund – sUAS News

    EIFO Pledges $5 Million to Supercharge Ukraine-Focused Defense Technology Fund

    New Technology for Water Efficiency and Working with Mexico on Screwworm – AG INFORMATION NETWORK OF THE WEST

    Revolutionary Water Efficiency Technology and Cross-Border Collaboration to Defeat Screwworm

    Environmental cognitive distance, R&D capability distance, and supply chain green technology innovation – Nature

    Bridging Gaps: How Environmental and R&D Differences Drive Green Technology Innovation in Supply Chains

    LG Innotek CEO Moon Hyuksoo: “Our Next-gen Substrate Technology Will Change the Industry Paradigm” – TechPowerUp

    LG Innotek CEO Moon Hyuksoo: “Our Next-Gen Substrate Technology Will Revolutionize the Industry” Revolutionizing the Future: LG Innotek’s CEO Unveils Game-Changing Next-Gen Substrate Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

    Max-Matching Entertainments & Longhua District form partnership for new entertainment complex – Blooloop

    Max-Matching Entertainments and Longhua District Unite to Launch Thrilling New Entertainment Complex

    Kennedy Publishing, MGA Entertainment Launch Yummiland Magazine – License Global

    Kennedy Publishing, MGA Entertainment Launch Yummiland Magazine – License Global

    MAY HER SOUL REST IN PEACE 🙏 Veteran entertainment columnist and talent manager Lolit Solis has passed away. She was 78 years old. https://tinyurl.com/6kumarkx | LatestChika.com – Facebook

    Beloved Entertainment Icon Lolit Solis Passes Away at 78 – A Life Remembered with Love and Respect 🙏

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

    Technology and Construction Leaders Surge Into Top Stock Rankings: See the Latest Additions to IBD 50, Big Cap 20, and More

    Column: Teach kupuna new technology skills – Honolulu Star-Advertiser

    Empowering Kupuna: Unlocking New Technology Skills for a Connected Future

    EIFO invests $5 million in D3, the Ukraine-focused defence technology venture fund – sUAS News

    EIFO Pledges $5 Million to Supercharge Ukraine-Focused Defense Technology Fund

    New Technology for Water Efficiency and Working with Mexico on Screwworm – AG INFORMATION NETWORK OF THE WEST

    Revolutionary Water Efficiency Technology and Cross-Border Collaboration to Defeat Screwworm

    Environmental cognitive distance, R&D capability distance, and supply chain green technology innovation – Nature

    Bridging Gaps: How Environmental and R&D Differences Drive Green Technology Innovation in Supply Chains

    LG Innotek CEO Moon Hyuksoo: “Our Next-gen Substrate Technology Will Change the Industry Paradigm” – TechPowerUp

    LG Innotek CEO Moon Hyuksoo: “Our Next-Gen Substrate Technology Will Revolutionize the Industry” Revolutionizing the Future: LG Innotek’s CEO Unveils Game-Changing Next-Gen Substrate Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

CIO risk-taking 101: Playing it safe isn’t safe

April 23, 2024
in Business
CIO risk-taking 101: Playing it safe isn’t safe
Share on FacebookShare on Twitter

The risks executive teams espouse have little to do with the dangers CIOs deal with every day. Still, trying to avoid those dangers can be even more hazardous to a CIO’s career health.

As CIO, you’re in the risk business. Or rather, every part of your responsibilities entails risk, whether you’re paying attention to it or not. And in spite of the spate of books that extol risk-taking as the only smart path, it’s worth remembering that their authors don’t face what might be the biggest risk CIOs have to deal with every day: executive teams adept at preaching risk-taking without actually supporting it.

There are, for example, those in leadership roles who, while promoting the value of risk-taking, also insist on “holding people accountable.” If this is a popular phrase in your company’s executive suite, risk-taking is a phantom virtue. To stay out of harm’s way, charter a few harmless initiatives — ones that aren’t likely to succeed, will pass the cool test if, in the off chance, they do happen to succeed, but won’t do much damage if they fail.

Promote these initiatives to your execs with polished PowerPoints that make it clear they’re in line with the company’s risk-taking culture. You’ll get credit for taking risks when they launch. When they do, in fact, crater you can either remind the company leadership that the initiatives were supposed to fail in the first place, or you can hold the initiative’s leaders accountable — a layer of insulation that gains you credit for the hard job of holding someone accountable without the consequences of being the one blamed for the failure.

Pro tip: Put the staff members and sponsor who annoy you the most in charge of these initiatives. Worst case they succeed, and people you don’t like now owe you a favor or two. Best case they fail and will be held accountable. You can’t lose.

Taking risks vs. dealing with risks

Those who encourage risk-taking often ignore its polysemy. One meaning: initiatives that, as outlined above, have potential benefit but a high probability of failure. The other: structural risks — situations that might become real and would cause serious damage to the IT organization and its business collaborators if they do.

You can choose to not charter a risky initiative, ignoring and eschewing its potential benefits. When it comes to structural risks you can ignore them as well, but you can’t make them go away by doing so and will be blamed if they’re “realized” (the risk-management term for “becoming real”).

To illustrate, some examples:

Applications portfolio rationalization: The most fundamental guiding principle of technical architecture management is to fill each required service exactly once. If your applications portfolio isn’t rationalized — that is, if it includes multiple, functionally overlapping capabilities — that creates a need for a geometrically expanding collection of synchronizations, along with a bunch of other vulnerabilities.

An unrationalized application portfolio, and for that matter poor rationalization of the other architecture layers, creates, in a word, “risks.”

Rationalizing the applications portfolio reduces the odds of these risks being realized. In risk management terms it “prevents” (aka avoids) them.

Identity management: Modern security architectures include tools for managing identity — for authenticating staff, assigning them to roles, and assigning rights, privileges, and restrictions to those roles, not to the individuals who fulfill them. Manage identity poorly and the wrong people will be in a position to do the wrong things.

Instituting sturdy identity management practices reduces the odds of a variety of risks becoming real — and also reduces the damage should a risk become real in spite of the organization’s preventive measures.

In the lexicon of risk management, prevention is about reducing the odds. Mitigation is about reducing the damage.

Ransomware: While artificial intelligence has pushed ransomware off the front page, it’s hardly gone away, and the risks associated with falling prey to an attack haven’t changed at all.

The steps you need to take to deal with ransomware risks include all four risk/response strategies: They prevent (reduce the odds), mitigate (reduce the damage), and insure you from the worst outcomes (insurance is about sharing the costs).

And if we’re honest with each other, our response also includes a healthy dose of the fourth risk response — acceptance, also known as “hope.”

Limitations to risk responses

No matter what you do, your responses to risk won’t be perfect. Specifically:

Prevention: Prevention reduces the odds of risk realization. It doesn’t eliminate them. In the end, the risk either will or won’t become real. If it does, guess who will be held accountable?

And if it doesn’t, another irrefutable law of IT risk will take hold: Successful prevention is indistinguishable from absence of risk. Which is to say if your preventive measures work, you’ll be found guilty of having cried wolf — of inflating the risk.

Mitigation: Mitigation is about reducing the damage should a risk be realized. Just as your preventive measures can’t be perfect, neither can your mitigations. If a risk is realized, your mitigations are unlikely to eliminate harm completely, and you can count on being blamed for whatever harm leaks through.

And if by some chance your preventive measures are completely successful you’ll be blamed for wasting budget and effort on unnecessary mitigations.

Insurance: You know how this plays out. If you buy insurance and the risks it covers aren’t realized you’ll be blamed for the money wasted on premiums. And if they are realized you’ll be blamed for unsuccessful prevention and insufficient mitigation.

Risk’s bottom line: Even if your company’s executive team genuinely prizes risk-taking, the risks they prize have nothing to do with the important risks you have to deal with, day in and day out.

There’s no point in quibbling. Just make sure you keep your conversations about risky initiatives and managing structural risks separate. Otherwise you’ll run the twin risks of missed opportunities and endangering the business.

SUBSCRIBE TO OUR NEWSLETTER

From our editors straight to your inbox

Get started by entering your email address below.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CIO – https://www.cio.com/article/2093493/cio-risk-taking-101-playing-it-safe-isnt-safe.html

Tags: businessplayingrisk-taking
Previous Post

SAFe certification: launch your Scaled Agile Framework career

Next Post

7 enterprise cloud strategy trends for 2024

Dino Might!: ‘Jurassic World Rebirth’ Bows To $318.3M Global In Biggest Studio Opening Year-To-Date WW; ‘F1’ Nears $300M’ & ‘Dragon’ Tops $500M – International Box Office – Deadline

Dino Might!: ‘Jurassic World Rebirth’ Bows To $318.3M Global In Biggest Studio Opening Year-To-Date WW; ‘F1’ Nears $300M’ & ‘Dragon’ Tops $500M – International Box Office – Deadline

July 8, 2025
As a Nation’s Economy Slows, Some Say It’s No Time for a Free Lunch – The New York Times

As a Nation’s Economy Slows, Some Say It’s No Time for a Free Lunch – The New York Times

July 8, 2025
Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

July 8, 2025
The 63 Best Amazon Prime Day Health & Fitness Deals, Up to 85% Off – health.com

The 63 Best Amazon Prime Day Health & Fitness Deals, Up to 85% Off – health.com

July 8, 2025
Scoop: Sean Patrick Maloney mulls political comeback against Mike Lawler – Axios

Sean Patrick Maloney Eyes Bold Political Comeback, Taking on Mike Lawler

July 8, 2025

Lake Land College to host grand opening celebration for Effingham Technology Center – wandtv.com

July 7, 2025
Louise Harrison – TBR News Media

Louise Harrison – TBR News Media

July 7, 2025
Cape Town’s sewage treatment isn’t coping: scientists are worried about what the city is telling the public – The Conversation

Cape Town’s Sewage Crisis: Scientists Raise Alarms Over What the City Isn’t Telling Residents

July 7, 2025
Titan Could Have An Alien Biosphere – But It Might Be Dog-Sized – ScienceAlert

Could Titan Harbor an Alien Biosphere Filled with Dog-Sized Creatures?

July 7, 2025
Retired woman shares inside look at lifestyle after moving into unconventional tiny home: ‘The best decision I’ve ever made’ – Yahoo

Retired woman shares inside look at lifestyle after moving into unconventional tiny home: ‘The best decision I’ve ever made’ – Yahoo

July 7, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (709)
  • Economy (735)
  • Entertainment (21,623)
  • General (15,767)
  • Health (9,773)
  • Lifestyle (739)
  • News (22,149)
  • People (734)
  • Politics (744)
  • Science (15,951)
  • Sports (21,233)
  • Technology (15,718)
  • World (716)

Recent News

Dino Might!: ‘Jurassic World Rebirth’ Bows To $318.3M Global In Biggest Studio Opening Year-To-Date WW; ‘F1’ Nears $300M’ & ‘Dragon’ Tops $500M – International Box Office – Deadline

Dino Might!: ‘Jurassic World Rebirth’ Bows To $318.3M Global In Biggest Studio Opening Year-To-Date WW; ‘F1’ Nears $300M’ & ‘Dragon’ Tops $500M – International Box Office – Deadline

July 8, 2025
As a Nation’s Economy Slows, Some Say It’s No Time for a Free Lunch – The New York Times

As a Nation’s Economy Slows, Some Say It’s No Time for a Free Lunch – The New York Times

July 8, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version