Time matters most when decisions are irreversible
Transparent vulnerabilities are so obvious that they are easily overlooked; they are the ones we:
We live in a competitive environment and business generates the money that makes the world go round, or at least should do. Money is the medium of exchange for goods and services and allows society as we know it and the global economy to function.
Those who have money engage those who want money to provide them with products or services and this is done through contracts. Contracts are awarded at a price that the person who has the money (the Client) is prepared to pay and ‘the winner’ is typically the lowest compliant bid. Continue reading
Is Intelligent Risk and Oxymoron? There is an implied contradiction in the term – Intelligent risk. An intelligent risk is one deemed worth taking, not to be avoided. Risk is everywhere in our lives and we deal with it on the personal level daily. Unfortunately, but rightfully so, risk is usually thought of as something bad, undesirable, and to be avoided. We have health insurance, life insurance, long term care insurance, auto insurance, and others, all to ensure us against catastrophic financial loss. Continue reading
After more than 5 years in the making and thousands of comments received from representatives of 54 participating and observing countries as well as multiple liaison organizations, updated ISO 31000 standard is going through the final stages of feedback and will likely be published in early 2018.
In this short article I will attempt to summarize key changes to the most popular in the world risk management standard ISO31000 and how will the changes impact businesses. Continue reading
Who Wins: The Machine or the Human?
There is a huge fear around the globe that:
The Machines Are Coming!
How much is this reality, fear, or over hype?
Upcoming Machine and robot wars are posed this way. Continue reading