Systemic Global Risks (Part I)
This Strategy Insights is the first of two dealing with systemic global risks. The World Economic Forum’s (WEF) Global Risks Report 2010 identifies major global risks and assesses their likelihood and economic impact against a backdrop of a higher level of systemic risk, global governance gaps, and potential impacts of ‘creeping risks’. A Global Risks Landscape as well as a Risks Interconnection Map are presented, as well as an interesting retrospective of global risks covering the last five years. The report advises that to succeed in this complex environment, corporations must develop processes to understand how these uncertain events might impact their organisations.