Complexity, Sharks & Risk Consultants – How “Internal Auditor” Magazine Got It Wrong

They got it wrong. Internal Auditor published an article by Neil Baker “Managing the Complexity of Risk” claiming that “The ISO 31000 framework aims to provide a foundation for effective risk management within the organization.”  Well….not so fast. “Complexity” has become something of a buzz word in today’s business culture.  But I think our understanding…


Re-Thinking Systems, Particle Physics and Candy Mints

CERTS: Is it a breath mint or a candy mint? It is perhaps the second most vexing taxonomic dilemma of the 20th century, with the wave-particle duality of quantum physics edging first place by a hair. CERTS is part of American advertising folk lore. Since we’re not gunning for a fight we’ll just call it a “mint”…


The Curly Factor – How to Profit From Coarse Behavior

We  talk about “risk intelligence”  and various gurus and philosophers have called it “the capacity to learn about risk from experience and a special kind of intelligence for thinking about risk and uncertainty.” I’m not exactly sure what that means, except you’re going pay a lot find out; and you’re also likely to get involved with…


Performance, Risk, Complexity & All That Jazz

What do we mean by “performance?”  It’s not a philosophical question to ponder over a Starbucks.  The world is awash with complexity and uncertainty. It’s show time, folks. Performance? Are your expectations realistic?  Better yet, are your expectations relevant?How do you know? We know from ecology that some entities – fish, fauna, football teams, multi-nationals –  become…


Game Changing Risk & Globalization

There is no free lunch. You want global reach? Well, you also get global risk. You cannot just outsource and forget, or it will come back to bite you in your market capitalization and brand loyalty. Upstream trading partners are much less “visible” while simultaneously assuming more and more control over key manufacturing and process operations. Today it is all about supply side risk and developing resilient strategies to survive in the global market.