MANAGEMENT UNDER CONDITIONS OF COMPLEXITY AND UNCERTAINTY

Chuan-Leong Lam ()
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Chuan-Leong Lam: S3-B2A-41, School of Humanities and Social Sciences, Nanyang Technological University, Singapore

The Singapore Economic Review (SER), 2014, vol. 59, issue 02, 1-5

Abstract: Managers are faced with increased complexity and unexpected risks. This article raises some reasons for the increase in complexity and risks. It also describes the tools and approaches used to anticipate some of these risks and how to mitigate against them. The usefulness of the scenario planning process is also indicated. The type of behavioral biases that makes risk identification difficult is also explained.

Keywords: Complexity; risk management; scenario planning; behavioral biases (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:wsi:serxxx:v:59:y:2014:i:02:n:s0217590814750010

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DOI: 10.1142/S0217590814750010

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