Henry J. Schumacher, BusinessMirror

Henry J. Schumacher

BusinessMirror

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Recent:
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Past:
  • BusinessMirror

Past articles by Henry:

Cyber security threats in 2023

Cybercriminals will be as in 2023 as ever. Are you ready? Cyber security is still topping the list of our concerns. This comes as no surprise. In the first half of 2022, there were 2.8 billion worldwide malware attacks and 236.1 million ransomware attacks. By year end 2022, it is expected that 6 billion phishing attacks will have been launched. Here → Read More

Building a sustainability strategy

The news is filled with pressures on nations, governments, and businesses to do their part and reduce their impact on people and the planet. Stakeholders are expecting profits to come from creating shared value—balancing financial gain with corporate responsibility. Whether we like it or not, I believe that we have to make sustainability a top → Read More

The progress of AI

I have written columns on Artificial Intelligence (AI) in recent weeks. In the first one I asked the question “should we fear the AI that is going to hit us” and in the second I asked “can we build trust and ethics in AI systems.” Today, I would like to share “the progress of AI”: → Read More

Supporting change: For the common good

Understanding of “public interest” and “political integrity.” Political integrity means exercising political power consistently in the public interest, independent from private interests, and not using power to maintain the office holder’s own wealth and position. Understandings of public interest are ever evolving and at times hotly debated. What is clear… → Read More

Defining moments in our lives

While human lives are endlessly variable, our most memorable positive moments are dominated by four elements: elevation, insight, pride, and connection. If we embrace these elements, we can create more moments that matter: • What if a teacher could design a lesson that he knew his students would remember 20… → Read More

Data analytics now–what does life need next?

Every business wants the advantages of data solutions. But analytics insights are only as good as the data—and the people—behind them. With companies committing million over the next year to analytics software, services, training and consulting, IT leaders are mobilizing to fill work force skill gaps, implement data quality assurance… → Read More

The ‘perfect storm’

MY today’s story is about the “perfect storm”—a metaphor borrowed from a best-seller book and a hit movie and meaning the maximum worst-case scenario. Inflation, broken supply chains, recession, pandemic and the Ukraine war all point to this. Some trends can be clearly seen: • Total globalization is becoming a… → Read More

Education—the basis to create the Knowledge Society

All countries and people are changing rapidly—as the market economy, democratic politics, and the millennial and Generation Z culture spread. American management thinker Peter Drucker described this development as the “Knowledge Society.” By this Drucker meant that—in our world today—knowledge has become the basic human resource. Nowadays, value is created… → Read More

Integrity | Henry J. Schumacher

Wouldn’t we all like to see the new political decision-makers who just won in the elections put our shared interests ahead of their own? Business and government are encouraged to scrutinize their cozy relationship and see to it that politics and regulations are made in favor of the common good… → Read More

How does corruption hurt us? Does it make sense to fight corruption?

For years the Integrity Initiative has tried to create Integrity Nation, a nation where transparency and integrity rule, and where corruption is no longer part of everybody’s life. Have we succeeded? Not yet. With every new administration taking over the extensive government executive functions after an election, we have expressed… → Read More

Royal Cargo Inc.–the anti-corruption model

ON the day after yesterday’s elections, it is my pleasure to highlight an anti-corruption model and its willingness to be a model for the future! For those of us who are running organizations in the Philippines, corruption created by “enablers” has always been a temptation. Saying that I am against… → Read More

Privacy protection/digital services/press freedom

WE are living in a “crazy” world. Just look at the three issues I am highlighting today: Privacy and the CBPR System: The Path Forward Given the deep interest of the Philippine private sector, specifically the BPO industry, and the National Privacy Commission (NPC) in becoming an active and constructive… → Read More

Global Cooperation on Privacy and the CBPR System: The Path Forward

Given the deep interest of the Philippine private sector, specifically the BPO industry, and the National Privacy Commission (NPC) in becoming an active and constructive player in the personal and sensitive data flow across international borders, it is exciting to note that there will be a multi-stakeholder workshop on the… → Read More

Data governance and cross-border data flows

Allow me to address two issues today: 1. US and EU Agree in Principle on New Trans-Atlantic Data Privacy Framework In a joint press conference, US President Joe Biden and European Commission President Ursula von der Leyen announced last week an agreement “in principle” on a framework, called the Trans-Atlantic… → Read More

The Kremlin kleptocrat’s war on freedom is very close to us

Vladimir Putin’s TNT terror is a two-hour flight from the center of Europe. Two hours? In reality, the Kremlin kleptocrat’s war on freedom is much closer—it’s in our heads. As I mentioned in my last week’s column, what is happening there in the Ukraine brings back long-lost memories for all over 80-year-olds.… → Read More

Lessons of history: Russia-Ukraine War

Four days after Russia attacked Ukraine, the number of casualties has reportedly reached thousands. Although it was not possible to independently verify the figure, reports said Ukraine inflicted more casualties in less than a week than Russia suffered over eight years of engagements in Syria. Ukraine’s Deputy Defense Minister Hanna… → Read More

Young people can fight corruption

BusinessMirror reported last Wednesday that 37 million youth may spell the outcome of the May 9 elections. This reminds me to be aware of the power to the youth to shape a fairer and more just world. Many young people are fighting corruption and are trying to make a big… → Read More

Competition: Are we consumers protected?

IF you feel mergers and acquisitions are picking up the pace in the economy, you’re right. If you continue to believe that the five US Internet giants are not always behaving having our protection in mind, you are spot on again. Modern monopoly surpasses itself and constantly works to eliminate… → Read More

Industry 4.0 needs to be supported by Governance 4.0

Food for thought: Can your organization move at the speed of technology? The answer is, most likely, no. Technology far outpaces the speed at which companies can respond, leaving a constant state of catch up. The push for digital transformation urges organizations to upgrade and overhaul technology stacks toward service-based… → Read More

‘The King is dead! Long live the King!’

This medieval chant I like. Given the objectives of the Integrity Initiative, I have three options to apply it to today’s environment: 1. Integrity is dead! Long live Integrity 2. Corruption is dead! Long live Corruption! 3. Corruption is dead! Long live Anti-Corruption! Let’s assume that it makes sense to… → Read More