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New article published “Back to School on Risk” in the journal Enterprise Risk

6 November 2017 | By:

In their latest article, “Back to School on Risk” published in the journal Enterprise Risk, Professor Ulrich Hommel and Ben Woods offer a critique of how business schools teach risk to managers, and they propose a Big 5 approach to change.

At the core of the article are two mutually reinforcing concepts: the Volatile, Uncertain, Complex, and Ambiguous (VUCA) realities of business are out of sync with the positivist, reductionist syllabus that tomorrow’s business leader learn in the class room; and, the dogmatic approach to risk management tools that would be better thought of in terms of doctrine.

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