Abstract
As we attempt to control risk within renewable environments that continuously morph due to evolutionary as well as revolutionary forces, there can be no doubt that management by analogy and case-experience has dramatically failed us. In the wake of past decades’ catastrophic economic, environmental, business, and other related disasters, it has been proven that current risk management practices are unable to universally reveal major risks at the point in time organizations need to proactively avoid a singularity or point of chaos. The most dangerous risks are often posed by the unknowns that cannot be predicted with historical reference models and often escape the imagination of risk committees.
Progress is impossible without change, and those who cannot change their minds cannot change anything.
—George Bernard Shaw
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Piketty, Thomas. Capital in the twenty-first Century. Trans. Arthur Goldhammer. N.p.: Harvard UP, 2014. Print.
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Abu el Ata, N., Schmandt, R. (2016). Epilog. In: The Tyranny of Uncertainty. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-49104-1_34
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DOI: https://doi.org/10.1007/978-3-662-49104-1_34
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