Reframing how organisations use news: introducing FT Professional
The Financial Times works with thousands of organisations to provide access to trusted FT journalism. This part of the FT business has been rebranded as FT Professional, and this post looks at what’s included as part of an FT Professional Subscription.
Globalisation and its effects permeate the infrastructure and operations of almost every company. As a result the business ecosystem is far more interconnected and complex - which brings more risks. It is vital that each member of the board has a full understanding of the business’s risk profile and the effectiveness of its risk management.
Ineffective boards bring enormous consequences for society. Misperceptions of risk have led many boards, and thus their organisations, into poor decision-making or worse – including business disasters.
Peter Drucker, the late Austrian-American business consultant, said: “Culture eats strategy for breakfast”, and most company directors will be aware of the power of culture to accelerate business and team performance.
On February 24 Russia invaded Ukraine, intending to overthrow Kyiv’s government. The west was outraged. The US, UK and EU imposed sanctions with the aim of crippling Russia’s economy. The world’s biggest brands – among them McDonald’s, Coca-Cola, and BP, icons of the post-Soviet era – jettisoned three decades of investment and withdrew from the market.
Many workers who switched jobs during the pandemic are dissatisfied with their new roles, presenting both a retention risk and hiring opportunity for companies operating in tight labour markets.
In 2015, when Rolls Royce appointed Warren East as chief executive, it highlighted his "proven strategic and leadership skills in a global business and a strong record of value creation.”
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