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Home » Why It’s Time for CEOs and Other Business Leaders to Recalibrate Risk
CXO Minute

Why It’s Time for CEOs and Other Business Leaders to Recalibrate Risk

Tony UphoffBy Tony UphoffApril 13, 2023Updated:April 13, 20232 Mins Read
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AE Leadership

In episode 70 of the Leadership Minute, Tony Uphoff discusses the need for business leaders to recalibrate risk in the context of digital transformation and technology modernization.

Register here for your on-demand pass to view all content from Partners Ecosystem Digital Summit. The digital event, which took place on April 20, focused on analyzing the business and IT imperatives around cloud, AI, automation, data modernization, and cybersecurity that define the future of partnerships.

Highlights

01:25 — Recent comments by FedEx CIO Rob Carter around recalibrating risk in his interview with Bob Evans got Tony thinking about how business leaders today need to consider the risk of not keeping pace with modernizing their businesses.

01:59 — Risk assessment and risk mitigation are foundational steps in business leadership and management, especially when it comes to technology modernization plans. However, most of us don’t recalibrate risk as the world around us changes. Tony shares three core reasons why standing still is too risky for business leaders today: failure to adapt to risk, failure to adapt to consumer preferences, and failure to adapt to the changing expectations of talented employees.

Which companies are the most important vendors in data? Check out the Acceleration Economy Data Modernization Top 10 Shortlist.

03:24 — However, business technology has become far less risky to deploy today based on several factors, including maturity resulting in more stability and wider acceptance, pervasiveness enabling easier user experiences, and more reliability from vendors.

04:32 — In today’s fast-paced business environment, Tony says, business leaders need to recalibrate risk and understand that standing pat is riskier than taking ongoing steps to modernize their business for continued growth and scale.

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Tony Uphoff

CEO
Pipeline360

Areas of Expertise
  • AI
  • Board Strategy
  • Cloud
  • LinkedIn

Bringing his experiences as a 5x CEO, Tony provides a leadership analyst perspective to Cloud Wars. He’s an award-winning technology, data, digital media and marketing services executive specializing in transformative leadership of companies, cultures, people, and organizational performance. As an industry thought leader and an expert on the digital industrial economy, Tony is regularly quoted in The Wall Street Journal, Forbes, Business Insider, and other top media brands. He advises senior management and boards of media, marketing, and technology companies as the CEO and founder of Uphoff Management Advisory, LLC. He serves as a Trustee of Linfield University and a mentor at MuckerLabs accelerator. Additionally, Tony has been a Senior Advisor to the CEO and executive team at Xometry, a publicly traded, on-demand manufacturing marketplace. In December 2021, he led the turnaround, growth, and successful sale of Thomasnet.com to Xometry for $300 million.

  Contact Tony Uphoff ...

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