article thumbnail

Investing in Your Company’s Physical Risk Resilience

Harvard Business Review

But the C-suite has historically prioritized the risks that have a direct financial impact on the bottom line, favoring investments with tangible financial returns. A simple ROI calculation won’t cut it for physical risk prevention and mitigation investments because they can’t be measured by increases in revenue.

article thumbnail

Overcoming the Financial Barriers to Building Resilient Supply Chains

Harvard Business Review

The ROI can be hard to calculate — but that doesn’t mean it’s not substantial.

ROI 88
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Proactive change management for project success

Walk Me

Proactive change management means that change leaders anticipate change management problems before they arise. It is a valuable aspect of proactive leadership or proactive management, in which strategic planning, risk management , and contingency sequences are a priority. All of these problems can be fixed.

article thumbnail

6 Key HR Challenges for 2023

Walk Me

So much so that the writer Eric Mosley called this “the year of ROI” ! With improved reporting and visualization, HR professionals can make informed decisions, enhance talent management, and implement data-driven recruitment and retention strategies. Keep an eye on these challenges, and you can get those rewards from HR.

article thumbnail

Culture as a Strategic Tool | Clint Tripodi

Peter Winick

Clint uses data analytics to show the way poor leadership has an effect on workers’ compensation claims as well as employee retention, and ultimately, ROI. Through data analytics, Clint is able to see where claims have an impact, and then go directly to the root of the problem, which is often a lack of leadership. Number one, curiosity.

Insurance 296
article thumbnail

AI Is Already Assisting Tax Departments. How Can Tax Technology Help Yours?

Chief Executive

That’s the biggest challenge right now, showing a provable ROI for automation in tax. So that’s when we have to remind them: It’s not just the FTE (full-time equivalent) play; it’s the risk management play. What can board members ask management to ensure this is being addressed? How are we managing this asset?

Assets 52
article thumbnail

Generative AI vs predictive AI: Definitions and types

Walk Me

By comparing generative AI vs predictive AI, you can ensure your investment into AI tools is correct for your organization and get that ROI quickly and fuss-free as you consider how AI will change the future of work for your enterprise. Condensing and summarizing risks across various domains in risk management.