MANAGEMENT UNDER CONDITIONS OF COMPLEXITY AND UNCERTAINTY

Managers are faced with increased complexity and unexpected risks. This article raises some reasons for the increase in complexity and risks. It also describes the tools and approaches used to anticipate some of these risks and how to mitigate against them. The usefulness of the scenario planning process is also indicated. The type of behavioral biases that makes risk identification difficult is also explained.

MoreLess

Year of publication:	2014
Authors:	LAM, CHUAN-LEONG
Published in:	The Singapore Economic Review (SER). - World Scientific Publishing Co. Pte. Ltd., ISSN 1793-6837. - Vol. 59.2014, 02, p. 1475001-1
Publisher:	World Scientific Publishing Co. Pte. Ltd.
Subject:	Complexity \| risk management \| scenario planning \| behavioral biases

More details

Extent:	application/pdf text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010882984