Whenever a large and well-know organization run into troubles, we often hear in the news and read in the investigations reports that there is a “problem” with Corporate Governance, or that more precisely the corporate governance system was somehow “WEAK” in the organization under scrutiny allowing greed and self-interests to go on unrestrained. The suggestion is often that more rules and controls are “needed to prevent this from happening again”. Continue Reading…
Archives For August 2013
When someone does something unethical or even criminal to others, there is a natural tendency to blame the character of that individual and to take comfort in the view that he must just be a “bad apple”. However this would ignore that human behavior is also influenced by powerful environmental/contextual forces. Continue Reading…
“The Impact of RANDOMNESS in Success and Failure is severely UNDERRATED”
When the probability of a Catastrophic Risk to materialize is small.. Actually I mean very very small.. The event is theoretically possible but the probability of it happening is so small that it may not have happened before (at least in human recorded memory). In such a case, the tendency of most people and of the organizations employing them, will be simply to ignore these low probability / very high impact Risks.
Risk Management Demystified 