MBA Depot - The Black Swan: A Terrific Read for Executives

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The Black Swan: A Terrific Read for Executives

When this regular Ivey Business Journal contributor recommends a certain book, executives can be assured that they will derive value from the book. Even if it is a black swan.

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Learning to Expect the Unexpected
Black Swan events - Should you be concerned?
The discovery of black swans in Western Australia was a shock for scientists. Today those unexpected birds have become a symbol for the disruption of the bell curve that is used for most forms of variation. Bhopal, Exxon Valdez and Société Générale have shown that, in business, the highly improbable can occur, with devastating consequences. In this article the authors take a closer look at some of these incidents, examine the effect on companies and show what you can do to prevent a Black Swan event happening to you.
Taking improbable events seriously: An interview with the author of The Black Swan

Subject(s): Management, Statistics, Risk Management

Source(s): Ivey Business Journal

Author(s): John McCallum

Posted: 2009-12-26

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