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The Looming Danger: Mismanaging Risk

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Leading from Under the Sword of Damocles
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Abstract

In this chapter:

  • Understanding the risk impacts of business modernization and digital technologies

  • Examining the growing disconnect between the goals of risk management and capabilities of risk management practices

  • Acknowledging that risk management failures can lead to business failures

  • Outlining the requirements of a mature and future ready risk management practice

Ignorance more frequently begets confidence than does knowledge: it is those who know little, and not those who know much, who so positively assert that this or that problem will never be solved by science.

—Charles Darwin, Naturalist and geologist, best known for his contributions to the science of evolution

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Notes

  1. 1.

    Schwab, Klaus The Fourth Industrial Revolution: what it means, how to respond weform.org Web. Accessed 12 Dec 2016.

  2. 2.

    Shaikh, Thair. Air France crash pilots lost vital speed data, say investigators. CNN. 29 July 2011. Web. 5 August 2015.

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Correspondence to Nabil Abu el Ata .

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© 2017 Springer-Verlag GmbH Germany, part of Springer Nature

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Cite this chapter

Abu el Ata, N., Drucbert, A. (2017). The Looming Danger: Mismanaging Risk . In: Leading from Under the Sword of Damocles. Springer Vieweg, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-56300-7_2

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  • DOI: https://doi.org/10.1007/978-3-662-56300-7_2

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  • Publisher Name: Springer Vieweg, Berlin, Heidelberg

  • Print ISBN: 978-3-662-56299-4

  • Online ISBN: 978-3-662-56300-7

  • eBook Packages: Computer ScienceComputer Science (R0)

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