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Management Under Conditions Of Complexity And Uncertainty

Author

Listed:
  • CHUAN-LEONG LAM

    (S3-B2A-41, School of Humanities and Social Sciences, Nanyang Technological University, Singapore)

Abstract

Managers are faced with increased complexity and unexpected risks. This article raises some reasons for the increase in complexity and risks. It also describes the tools and approaches used to anticipate some of these risks and how to mitigate against them. The usefulness of the scenario planning process is also indicated. The type of behavioral biases that makes risk identification difficult is also explained.

Suggested Citation

  • Chuan-Leong Lam, 2014. "Management Under Conditions Of Complexity And Uncertainty," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 59(02), pages 1-5.
    • Handle: RePEc:wsi:serxxx:v:59:y:2014:i:02:n:s0217590814750010
    DOI: 10.1142/S0217590814750010
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