Tag Archives | Risk

How To Deal With Reputation Risk

Reputation risk is used to describe risks that result in damage to the reputation of the organisation which in turn exposes the entity to additional risks such as reduced revenues, loss of stakeholder support and employee turnover. Reputation damage is a potential consequence of a myriad of risks within the organisation. All risks identified in […]

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Black Swans or Paradigm Blindness?

Nassim Taleb first coined the term “Black Swan event” in his book Fooled by Randomness in 2001. He used it as a metaphor to describe events that come as a surprise, have a major effect, and are often rationalized after the fact as having been predictable with the benefit of hindsight. His second book, The […]

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The Risks That The World’s Hidden Champions Avoid

The Risk Perspective Book Review: Hidden Champions of the Twenty First Century: Success Strategies of Unknown Market Leaders by Hermann Simon   This review looks specifically at the discussion of risk in Hermann Simon’s Hidden Champions of the Twenty First Century. Simon identified 450 Hidden Champions and studied over 200 of them in detail. His definition of […]

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Boards Underperforming in Risk Management

McKinsey Global Institute has published the results of its latest governance survey – “Improving Board Governance”.  This survey collated the responses from 772 company directors globally with 34 percent of them chairs. The survey results suggests that a greater portion of their boards’ time is now spent on strategy with the share of time spent […]

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