Beyond Risk Management:: What Are the Alternatives?


There really isn’t much point in me adding to this blog from Ontonix. Maybe one of these days the financial sector will overcome its “prediction addiction”. Maybe!!?

Risk STILL isn’t optional: nor is the truth!

When facing large doses of uncertainty risk model-based methods of managing uncertainty don’t work. One thing is to manage an assembly line producing, for example, computer chips, another is to run a company in a globalized, turbulent, chaotic, non-stationary and shock-punctuated economy. Some things can be accomplished via mathematical modelling some cannot. Sure, you can model anything. Nobody can stop you from dreaming up an equation based on which you invest your own savings or those of other individuals. That is not the point. The point is that some models are unable to produce results that would be good enough to justify the effort of building them. Why is that? Those who have a few decades of experience building math models know that:

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World Economic Forum:: New Models of Leadership–John Maeda


John Maeda is President of the Rhode Island School of Design and is a Member of the Global Agenda Council on New Models of Leadership.

As far as I can recall, I first came across the name of John Maeda from this beautifully succinct quote:

“Openness simplifies complexity”

A decent introduction to anyone, I think you’ll agree. Particularly when you have spent years trying to convey the need for and merits of TRANSPARENCY; the costs associated with AMBIGUITY and risks created by excessive COMPLEXITY.

John Maeda is President of the Rhode Island School of Design and is a Member of the Global Agenda Council on New Models of Leadership.

Discussions this year from the Global Agenda Council on New Models of Leadership culminated in a white paper, which describes a set of competencies for leaders in the 21st century. A central thesis of our work is the need for leaders to be agile in what are increasingly volatile and complex times.

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