Rule 8: “Beam Us Up, Scotty”
This rule is so important and is poorly understood in most organizations that we have worked with. It really deals with risk management.
However, just as Rules 1 and 2 stated, many executives operate in an information vacuum. In 1998, studies by Accenture revealed that two thirds of business executives did not understand the issues of risk management in IT projects. Worse, of the one third that did understand the risk management issues with IT projects, 50% said that they were not satisfied with the risk management processes that they had in place!
It constantly amazes us that many organizations would use “best practice” due diligence and corporate governance procedures when faced with a low-risk acquisition of a ...
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