The new riddle

ENAR

In the beginning there were three risks. Or at least that is how the pre-1970s corporate observers and academics saw it. Like many fields of science, the initial elegant simplicity was to prove deeper and more profound than those early pioneers of the field could first imagine. The historical view of risk  * Market risk observed that markets could fail without warning. * Contingency risk revealed that risk lay in not having a robust and thorough enough strategic plan to engage in these markets regardless of their climate. * Agency risk was, in days gone by, focused on the risk of a company’s management failing in its capability to deliver plans and steer a company to success. That was the old model. More than 30 years later, it is time for a major rethink. Leadership risk is now emerging as the most significant future management issue. The quality of a