Sunday, April 16, 2006
Managing the New Realities of Risk
Annual Forum Meeting Report
The success and growth of organizations depend today, as they always have, on navigating the landscape of risks and opportunities. But it is a defining characteristic of our times that the risks and opportunities we face—whether the spread of terrorism or globalization, avian flu or scientific and technological breakthroughs, economic and climatic volatility or demographic shifts—are both increasing and increasingly complex.
Most current approaches to managing risk and capturing opportunity focus on the most immediate and knowable environments—the organization and the market—and give only limited consideration to uncertainties in the external environment. Yet the future's winning businesses will be those best able to anticipate and manage risks both within and beyond the enterprise, while simultaneously exploiting the upside opportunities they create.
See full Article.