Organisational leaders can optimise their risk management investments by exploring new methods
All public and private organisations must deal with the systemic risks of our complex world. However, such inherent complex risks are difficult to manage even where significant resources have been utilised in implementing formal risk management frameworks and related processes.
It is therefore important for organisational leaders to actively explore new methods to enhance the contribution of risk management processes when they are trying to reach their objectives, says Prof Hermien Zaaiman from the Optentia research unit of the North-West University (NWU).