JP Morgan's Loss: Bigger than "Risk Management"
Harvard Business Review
MAY 23, 2012
As Gentry Lee, chief systems engineer at NASA's Jet Propulsion Laboratory, describes it: "Risk mitigation is painful; not a natural event for humans to perform.". Quite the opposite; it should actually enable organizations to engage in daring, innovative strategies that promise high expected returns. MORE ON MANAGING RISKY BEHAVIORS.
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