CHAPTER 16HORIZON RISK
Risk Quote: It doesn’t matter if a cat is black or white, so long as it catches mice.
—DENG XIAOPING, CHINESE REVOLUTIONARY,POLITICIAN, AND REFORMER
Risk Quote: Greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.
—GORDON GEKKO, IN WALL STREET (1987)
The final risk category that crosses organizational boundaries, horizon risk, is, all too often, ignored. Horizon risk is an external exposure that arises when the organization is not actively scanning its external environment for developments and changing trends that could affect business and operations. With a global knowledge economy and increasingly complex structures ...