LOW PROBABILITY HIGH IMPACT RISKS AS A SOURCE OF SUCCESS: THE CHALLENGE OF RESILIENCE MANAGEMENT

Improving efficiency may prove to be a harmful strategy in a global environment that is full of sudden twists, surprises, and shocks. In this situation decision makers have two alternative strategies; either invest in anticipation and thus be better prepared for changes – or surrender to uncertainty, and build success out of a risk environment. This requires a better understanding of resilience and new means for resilience management.

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2016-10-05T05:23:46+00:00