article thumbnail

How Leading Consultancies Can Better Manage AI Risk

Harvard Business

The answers lie in collaborative initiatives, much like Big Tech’s voluntary AI commitments, which offer a roadmap for consultancies to harness AI’s potential while ensuring ethical conduct.

article thumbnail

Flourishing in a Social Enterprise World

Tom Spencer

Rise of Social Enterprise. The growing trend towards social enterprise could be a game changer. A social enterprise, in essence, is an organisation which is not run primarily for profit and is required to reinvest any profits to further its social aims. A world based on social enterprise may be closer than you think.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Simple Ethics Rules for Better Risk Management

Harvard Business

For far too long, managing risk has been seen as an esoteric business function — designed to control losses and adhere to compliance standards. Many of these failures were either fueled by or lost in the byzantine maze that is the modern enterprise, which often breeds a combustible mix of indifference and short-termism.

Ethics 39
article thumbnail

What CEOs Need to Know About the Costs of Adopting GenAI

Harvard Business

Additionally, CEOs need to be vigilant about often overlooked expenses, including infrastructure overhaul, data security, and ethical considerations. Integrating cost control into decision-making processes, utilizing comprehensive monitoring dashboards, and empowering teams through strategic talent management are indispensable strategies.

Ethics 91
article thumbnail

5 Signs Your Organization Might Be Headed for an Ethics Scandal

Harvard Business

Corporations often approach ethics as an individual problem, designing oversight systems to identify the “bad apples” before they can turn the organization into a “rotten barrel.” They replicate despite changes in leadership and in management systems. Vince Streano/Getty Images.

Ethics 39
article thumbnail

5 Entrepreneurship Skills You’ll Get from an MBA

Tom Spencer

The school environment helped them develop networks that played a key role in launching their enterprises. Appreciating the importance of ethics and reputation. Through analyzing case studies and taking the ethics classes during the MBA, one gets to see the value of building a reputable company and acting ethically.

Ethics 88
article thumbnail

Here’s what to think about When Creating a Forward-Looking ESG Strategy

Brimstone Consulting

Also critical is considering ESG from the following strategic perspectives: risk management, competitive advantage, compliance and regulation, and stakeholder perspective. Risk management The demand for corporate accountability, transparency, and sustainability has never been greater. Be clear about specific goals.