By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
Partner, RSD Solutions Inc.
Let’s suspend reality for a moment and consider a business world
(perhaps on a planet far away) where risk is completely measureable and
manageable. In other words, there is no
uncertainty and models can predict the future with any desired degree of
accuracy. In such a world what would be
the role of risk management? What would
be the role of a manager? Would there
even be a need for managers?
As I have written
before, the American author Kurt Vonnegut wrote about such a world in his first
novel which was titled Player Piano.
Kurt Vonnegut had the imagination to consider such a world. Do you as a risk manager? Assuming you can, does your thinking about
such a fantasy world change how you think about the real world of business in
which we function?
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