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”

Nassim Nicholas Taleb (Finance Professor & Philosopher)

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.

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Have you already thought about striking out on your own and starting your own business? If yes, the title of this article may speak strongly to you as it encapsulates one of the key principles of entrepreneurship that I will discuss further in this article. And if you haven’t had the entrepreneurial ‘bug’ yet, It is quite likely that at some point in your life you will! Continue Reading…

The Fraud Risk

With so many fraud cases making the news headlines on a regular basis, the economic and social impact of fraudulent behaviors cannot no longer be downplayed by governments and organizations. The question is, what can be done to deal with this issue effectively. First we need clarify what we are talking about Continue Reading…