Time For Product and Service Innovatio Again? March 29, 2009
Posted by admin in : Uncategorized , add a commentReading ‘6 ways companies mismanage risk’ by Stulz in the latest HBR and I am reminded that the largest areas of innovation over the past decade in established industries is financial. This has lead the board room to be filled with corporate finance experts with the industry experts taking a back seat (see the puritan’s gift – a good book).\n\nThis is certainly going to change with wide scale regulation replacing some freedom in our marketplaces. Rearming our corporates with product and service innovators seems to be the strategy of the informed at the moment.\n\nOh and on risk Mgmt I firmly back Stulz point that historical data cannot be that useful a model. The basic Taleb model works well – take the risk if the company can survive the risk occurring…