Tag "uncertainty"
Uncertainty undermines opportunities for Iranian energy sector
The Iran nuclear deal opens up billions of dollars in investment opportunities in the country’s energy sector. But uncertainty remains about the stability of the deal, the end of sanctions,
There is nothing normal about risk and uncertainty
Much of risk and all uncertainty are inaccessible to mathematical tools. Alternate analytical methods are needed. Standard models in financial economics – including risk models – are under great scrutiny.
Risk is not limited to internal corporate audit
Could concentrating ERM functions in internal audit, under a supervising corporate audit committee, be an obstacle to developing effective enterprise-wide risk management? Managing risks should involve all levels of corporate management and staff,
Risk literacy required at all corporate levels
The strategic process is fraught with uncertainty. Misunderstanding uncertainty and risk can undermine strategic efforts, but implementing risk literacy at all corporate levels can help mitigate the effects. Strategic management involves
Why corporate culture needs risk literacy
Risk can be calculated with at least fair amount of confidence. Uncertainty cannot. Therein lies confusion. It is important to recognize the distinction between two fundamental but closely related concepts
Czech Republic Prime Minister loses confidence vote
Czech Republic Prime Minister Jiří Rusnok lost a parliamentary vote of confidence on August 7 by a count of 100-93 (with seven members absent). This development raises many questions about
