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Ebola: Facts and Figures

A year ago the first Ebola incident was reported in Guinea. It spread step by step. Now with the latest figures published by The Economist, public health is at stake. In general it seems that the exponential growth can not be underestimated. The Economist reports” “Late March, Liberia had reported eight suspected cases and Sierra Leone six. By the end of June […]

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 […]

The National Diet of Japan

The official report of The Fukushima Nuclear Accident Independent Investigation Commission Message from the Chairman Kiyoshi Kurokawa as quote and summary of the report THE EARTHQUAKE AND TSUNAMI of March 11, 2011 were natural disasters of a magnitude that shocked the entire world. Although triggered by these cataclysmic events, the subse- quent accident at the Fukushima Daiichi Nuclear Power Plant cannot […]

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 […]

Nassim Taleb: ‘The Black Swan’ author in praise of the risk-takers

The writer and former options trader Nassim Taleb talks to Margareta Pagano about banking, Babylon and birdsong By The Independent Nassim Nicholas Taleb has a dream. It’s this: he wants us to celebrate the restaurant owners, the taxi drivers, the market traders and carpenters and all the other risk-takers who put their skin in the game and who drive the […]

Environmental Risk Management

By Harvard Business Review This report has been written derived from the responses of the HBR survey on this issue, this in cooperation with Zurich, FERMA and PRIMO. Notice that on the 26th of June a webinar will be held. Increasing attention to environmental risk Overwhelmingly, our survey responses tell us that European organizations—companies, largely, but also a sprinkling of […]

10 Ways to improve risk management

Door* Marinus de Pooter** With an awareness of common shortcomings, internal auditors can help their organization better meet stakeholder expectations and ensure business objectives are achieved. Why do risk management implementations and functions often fail to deliver what is expected? And what causes senior management to feel that its investments in risk management systems are not delivering the expected returns? Many factors, potentially, are to blame, stemming from various parts of […]

Innovation Risk: How to Make Smarter Decisions

By Robert Carhart Merton for Harvard Business Review New products and services are created to enable people to do tasks better than they previously could, or to do things that they couldn’t before. But innovations also carry risks. Just how risky an innovation proves to be depends in great measure on the choices people make in using it. Ask yourself this: […]

Reconsidering the Public-Private Risk Sector Management Divide

By Peter C. Young PhD. Five years ago I wrote a short article entitled, “Public and Private Sector Risk Management: Is There a Difference?”  In that article I stated that while there is strength to the argument that ‘management is management’ and that leadership in any type of organization calls on common knowledge, skills and abilities, there are distinctions and […]