The Routledge Companion to Strategic Risk Management

Book by Professor Torben Juul Andersen*, published by Routledge Press, London, 2016. Professor Andersen’s work presently is focused on several key aspects of risk leadership, including—notably—an examination of how top management assures effective implementation of risk policy throughout the organization. Additionally, he is supervising doctoral work that is directed toward better understanding managing organizational uncertainty and developing methodologies for earlier detection of emergent risks. Managing risk in and across organizations has always been of vital importance, both for individual firms and for […]

The Undoing Project

This is the extraordinary story – The Undoing Project: A Friendship that Changed the World, published by W.W. Norton & Company – of the two men whose ideas changed the world. Daniel Kahneman and Amos Tversky met in war-torn 1960s Israel. Both were gifted young psychology professors: Kahneman a rootless son of holocaust survivors who saw the world as a problem to be solved; Tversky a voluble, instinctual blur of energy. In this breathtaking new book, Michael Lewis tells the extraordinary […]

La collectivité dans la Troisième Révolution Industrielle

3 mars, 2015, PRIMO France Vers une nouvelle revolution industrielle La Première Révolution Industrielle naît de technologies mécaniques utilisant la vapeur d’eau comme force motrice, permettant l’essor de transports rapides et augmentant la vitesse de communication tout en réduisant les coûts d’impression. Locomotives, presses rotatives et linotypes sont quelques-uns des outils mis à disposition, et ont favorisé l’alphabétisation de masse et la communication, en convergence avec une volonté politique d’enseignement public. Tout ceci contribue à faire émerger une main d’œuvre […]

The Nature of Risk

By David X Martin The Nature of Risk is an easy-to-understand, entertaining, and memorable story designed to help readers face one of modern life’s most important and difficult tasks—confronting risk. Free of complicated theories or formulas, The Nature of Risk relies instead on a cast of familiar, forest-dwelling animals, each of which embodies a different approach to risk management. At least one of these approaches will seem familiar to every reader—whether they knew they had an approach to risk management or not. Then, as […]

Managing the Unexpected

Assuring High Performance in an Age of Complexity Book by Karl E. Weick and Kathleen M. Sutcliffe Review by Michael J. Novak for Office of Research, IRS “By some estimates, executives and managers spend nearly half their time in activities related to planning: developing an organizational vision; translating that vision into a strategic plan; communicating the plan; deploying the plan via subordinate – e.g., operational, business, financial, human capital, and individual performance – plans, monitoring progress of plans; initiating corrective […]

The role of emotions in judging the moral acceptability of risks

by Prof.dr. Sabine Roeser This paper argues that we need emotions in order to make a rational decision as to the moral acceptability of technological risks. Empirical research has shown that people rely on emotions in making judgments concerning risks. However, this does not as yet answer the following normative question and the main question of this paper: do we need emotions in order to be able to judge whether a risk is morally acceptable? This question has direct practical implications: should engineers, scientists and policy […]

Steve Jobs’ Lessons on Risk

The video above re-aired last night on 60 Minutes. It features an in-depth account of Steve Jobs from his authorized biographer Walter Isaacson, whose book Steve Jobs was the second-highest selling non-fiction work of 2011, despite not being published until just before Halloween. (The segment has a Part II you can watch here)). Read more >

Risk Returns

This book was published for launch at the third Session of Global Platform for Disaster Reduction (GPDR) and it is the latest in a series of volumes addressing natural disasters, and how their impact can be reduced by effective capacity building and prevention strategies. Source: United Nations International Strategy for Disaster Reduction (UNISDR)

The Way Forward: Creating the Risk Intelligent Enterprise

Effective risk management is an integral part of value creation and preservation Source: Directorship In the “good old days” of the post-World War II era, buffers of space and time gave organizations more leeway to react and adapt. Events in remote places seemed to have little impact and were more insulated. Information was available to a relative few, whose power came from their specialized knowledge. Centralized systems of management and control seemed to work. Problems could be reduced to their […]

OECD Studies in Risk Management

Innovation in country Risk Management In the end of 2009, the Organisation for Economic Cooperation and Development (OECD) conducted a research about Risk Management in multiple OECD countries. The Futures Project on Risk Management Policies aims to assist OECD countries in identifying the challenges of managing risks in the 21st century, and contributing to their reflection on how to best address those challenges. Its focus is placed on the consistency of risk management policies and on their ability to deal […]

From ‘policy’ to ‘practice’, what would you do?

“Fostering the international dialogue and exchange of information and best practices in risk, emergency and disaster management…” It sounds easy. Is it? How about different personalities, priorities, interests, semantics, terminology, jurisdictions, disciplines, cultures and language barriers? By Eelco Dykstra As a visiting professor of International Emergency Management first at the University of Kuopio in Finland and then in Washington D.C., I have been able to observe developments in the USA and Europe during the last ten years. Enough time, perhaps, […]

Risk, Innovation & Change

Martin van  Staveren finalized his dissertation about the “Design propositions for Implementing Risk Management in Organizations”.  His study is an in depth search for the mysteries of  human soul and the related behaviour. He concludes that “Managing risk is difficult, applying risk management is more difficult and implementing risk management in organizations is the most difficult. Risk management is about handling uncertainty, with which most people feel rather uncomfortable. Moreover, risk management has a preventive character. This means doing something […]