Why Risk Your Reputation And Culture?

As the modern business environment evolves from a brick-and-mortar to a technology-based workplace, it presents unique opportunities and challenges.

- Chuck Saia

And while Industry 4.0 is full of promise and potential, CEOs and boards now face greater and more varied exposure to risk that will only grow. Among these risks are their organizations’ reputation and culture. Over the previous months, we’ve seen nearly endless news detailing troubled corporate reputations and tarnished brands.

Many of these headlines can be traced back to misalignment in employee values and leaders failing to take ownership of their corporate culture. Workplace culture risks can quickly erode an organization, diminish productivity and ultimately impact profitability.

Undoubtedly, technology will play a crucial role in Industry 4.0 risk management, but the most important component will be an intangible one—courage.

Leaders need the courage to admit they don’t have all the answers, courage to ask the right questions and courage to act on the information they uncover.

Aligning the Priorities