Clouds of Vagueness
resilience
Resilience (Part 2): aircraft carriers on the lawn
In the previous article I explored resilience in the way it is described in the WEF global risk report. It was hard to find much that distinguished it from a conventional risk management approach – listing actions against risks – apart from: a recognition that things look different at different scales – the global uncertainty […]
Resilience (Part 1)
For some time it’s been a theme in meetings between risk management people and business continuity people that the world’s ills can be solved by being resilient. Specifically, you don’t need to worry about that boring old risk profile when resilience means you can deal with anything that’s thrown at you, up to and including […]
It’s a risky world, just ask anyone
Last week the Institute of Risk Management North West regional group held a meeting on Adapting to the Global Risk Landscape. The intention was to talk about some of the most serious long term risks and what we should be doing about them. There’s a write up of the meeting appearing shortly on the IRM website, but […]
Fragility management
I reviewed Nassim Nicholas Taleb’s book Antifragility with the promise to look separately at what the lessons might be for organisational risk management. The answer is quite a bit, and this article will just be an initial high level view. The thinking is developed pretty uncritically from the book. There will be plenty of scope […]
Antifragility
Antifragility is the topic of Nassim Nicholas Taleb’s last book in his trilogy on our uncertain world and how to deal with it. The other two were Fooled by Randomness and The Black Swan. These are both relatively narrow in their scope – though well worth their own reviews at some point – whilst Antifragility gives […]
What’s the use of risk?
This week the the IRM held its Annual Lecture at the Willis Building. This is a longstanding sponsored breakfast event which used to be held at the old Willis building at Ten Trinity Square. It’s usually a thought-provoking occasion though since Willis’s move to Lime Street health and safety considerations have somehow stopped them dishing up bacon and sausage sandwiches. Such […]
Complexity, cockroaches and building resilience
The near collapse of the financial system was fairly widely predicted though the political community is somewhat in denial about that. What was less widely foreseen was that it would happen in September 2008: it was a risk waiting to materialise as we risk geeks say. Two authors with a gold-plated prediction record on this, […]
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