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Erschienen in:
2016 | OriginalPaper | Buchkapitel
1. Framing the Risk Challenge
verfasst von : Nabil Abu el Ata, Rudolf Schmandt
Erschienen in: The Tyranny of Uncertainty
Verlag: Springer Berlin Heidelberg
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Abstract
Through established risk management practices, organizational leaders attempt to optimize business outcomes. However, management is handicapped by an inability to accurately predict the future behavior of corporate, economic, or industrial systems. Due to the deficiencies of current risk management approaches, organizations are often forced to reactively respond to risk because they are unable to rapidly diagnose and consequently fix problems before a risk leads to a crisis. The cause of this modern day predicament is the growing dynamic complexity that occurs over time and the negative effects dynamic complexity plays in a systemic implementation.