Can Your Leaders “Decisions” Affect Your Company’s Future or Profits?

And the answer is…………..you decide…

Twitter threatens trade secrets lawsuit over Meta’s Threads app.

Alex Spiro, a lawyer for Twitter, accused Meta of engaging in “systemic, wilful and unlawful misappropriation of Twitter’s trade secrets and other intellectual property” in a letter addressed to Zuckerberg dated Wednesday. The letter claimed that Meta had hired “dozens” of former Twitter employees with access to highly confidential information about the platform, many of whom had “improperly retained Twitter documents and electronic devices”.
https://www.ft.com/content/73c32acc-597e-47ee-9745-e7cfa80fbcdf

Consider the following:

  • When Elon Musk “took over,” he immediately fired many of the folks (presumably some of those folks now work for Meta)
  • Musk, as CEO, then changed much of the operating rules (rules of engagement?) around Twitter
  • Many large advertisers left Twitter because of these “new rules.”
  • Customers also left when Musk “allowed” white supremacists and others to be part of the Twitter “family”.

Questions you should consider before introducing/implementing massive negative disruptions in the organization, have you completed:

  • A strategic (objective-centric) risk assessment
  • Conducted operational (potential losses) risk assessments.
  • The business impact of your changes on the company AND on your competitors (fired Twitter employees now work for Meta)

Watch this space, folks

Similar Posts

Doesn’t Anyone do Due Diligence or Deep Dives Anymore?

ByKen Hackshaw

The FTX failure has put a renewed emphasis on the value of an excellent deep dive into your people, processes, and systems (Operational Risk), And by the way, not deep dives as a post-mortem (after the risk impact) but as a “pre-mortem” (proactive and anticipatory). “These days, it is hard to know what due diligence…

|

Note to Leaders: Lessons from Ukraine

ByKen Hackshaw

In early 2019 the World Economic Forum (WEF) in its annual Global Risk Report warned all of us that escalating divisions amongst our Major Nations meant that we were no longer collaborating on addressing the world’s most pressing threats. For this reason, the WEF warned that we were potentially “sleepwalking towards crisis”. However, a global pandemic…

|

Global Cyber Breach: The Need to Manage Vendor Risks, People Risks and More…

ByKen Hackshaw

Several US federal government agencies have been hit in a global cyberattack by Russian cybercriminals that exploits a vulnerability in widely used software, according to a top US cybersecurity agency. Aside from US government agencies, “several hundred” companies and organizations in the US could be affected by the hacking spree, (according to a CNN report). Since late last month,…

|

Insider Risk Management

ByKen Hackshaw

While the entirety of risk management is undoubtedly now more complicated, Insider Risk in particular continues to be one of the most difficult to detect and reduce. CISA defines insider threat as the threat that an insider will use their authorized access, intentionally or unintentionally, to do harm to the department’s mission, resources, personnel, facilities,…

| | |

A New Variant Discovered: Maybe Leaders Should Be Looking at People’s Resilience Under Pressure

ByKen Hackshaw

If the one of the greatest risks to any organization is their people (decision makers/employee) risk, why then are we not putting more emphasis on mitigating that risk, especially given the new construct of employee engagement deployed because of and during the pandemic. Think: WFH, hybrid work hours, stress management etc.