Risk intelligence
Risk intelligence is a buzzword that generally means beyond Risk management. It has been used different ways by different writers. The US business writer David Apgar defines it as the capacity to learn about risk from experience.[1] The UK philosopher and psychologist Dylan Evans defines it as "a special kind of intelligence for thinking about risk and uncertainty", at the core of which is the ability to estimate probabilities accurately.[2] American financial executive, author, and Columbia University professor Leo Tilman defined risk intelligence as “The organizational ability to think holistically about risk and uncertainty, speak a common risk language, and effectively use forward-looking risk concepts and tools in making better decisions, alleviating threats, capitalizing on opportunities, and creating lasting value.” [3] He has argued that risk intelligence is essential to survival, success, and relevance of companies and investors in the post-crisis world.
See also
References
- ^ Apgar, David (2006). Risk Intelligence: Learning to Manage What We Don't Know. Boston: Harvard Business School Publishing. p. 210. ISBN 1-59139-954-8.
- ^ Evans, Dylan (2012). Risk Intelligence: How to Live with Uncertainty. New York: Free Press. p. 288. ISBN 978-1-4516-1090-1.
- ^ Tilman, L.. Risk Intelligence: A Bedrock of Dynamism and Lasting Value Creation Retrieved 2015-04-01
External links
- Projection Point - Online risk intelligence test