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Risk Management & Strategy

The article discusses the growing importance of risk management for boards, emphasizing the need for a clear strategy and the centrality of defining what must be true.

Overview
The piece examines why risk management has become a boardroom obsession and argues that effective strategy starts with articulating the core assumptions-what would have to be true-for success. It connects strategic thinking to practical risk mitigation practices relevant to technical leaders.

Key Takeaways

  • Risk management is now a strategic priority for senior leadership.
  • Define the central hypothesis of any initiative: the conditions that must hold true.
  • Align risk assessment with business objectives to avoid disproportionate focus on unlikely scenarios.
  • Use clear, simple language to communicate risk to non-technical stakeholders.
  • Incorporate continuous review loops to adapt to changing realities.

Who Would Benefit

  • Engineering managers responsible for product risk.
  • Technical leaders shaping organizational strategy.
  • CEOs and board members overseeing risk governance.
  • Project leads managing complex technical initiatives.

Frameworks and Methodologies

  • Hypothesis-Driven Strategy.
  • Playing to Win framework.
  • Continuous risk assessment cycles.
Source: rogermartin.medium.com
#risk management#strategy#leadership#engineering management#technical leadership#decision making

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