Strong relationships - and dangerous myths

11/08/2011 12:00:00 AM

The increasing interdependence of today’s business world means that strategic risks often lie at the boundary between organisations. Leaders must pay close attention to these relationship risks. In the past leaders have often based their risk mitigation plans on a belief in either: their own power and superior expertise, tightly defined legal contracts or partners they personally trust. However, a new article by David Archer and Alex Cameron in the journal of the Institute of Chartered Secretaries shows that these beliefs can be misplaced, rendering the confidence they engender a dangerous myth.