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Erschienen in:
2016 | OriginalPaper | Buchkapitel
13. The Role of Dynamic Complexity in Risk Propagation
verfasst von : Nabil Abu el Ata, Rudolf Schmandt
Erschienen in: The Tyranny of Uncertainty
Verlag: Springer Berlin Heidelberg
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Abstract
Once a system hits a singularity point, any corrective actions will be taken under panic conditions. Reactively fixing systems once a risk has manifested itself has become the standard management practice over the last two decades. The undiscovered dynamic complexity leads to a surprise for which management is unprepared to act upon, eventually leading to unsuccessful remediation. Towards the goal of predictively managing environments, not only will risk appreciation be improved by adding the dynamic complexity dimension, but it is also important to recognize that dynamic complexity may also affect the knowns. Risk often evolves in time and space to a point where risk becomes multi-form in terms of the window of influence and pandemic contamination, involving areas that were not necessarily consequential if dynamic complexity did not exist.