In today’s world the question of third-party interests is of increasing importance as companies leave their footprint around the globe in different societies. How and to what degree should executives allow for these externalities? This article explores how companies can address the issue of third-party interests from a business perspective to the benefit of both themselves and society.
Content: Article | Authors: David Lyon, Marijn Vervoorn, Peter Nieuwenhuizen | Source: Prism (Arthur D. Little) | Subject: Social Responsibility
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 … [ Read more ]
Content: Related Content | Authors: David Lyon, Eleonor Kramarz, Geoff Stevens, Philip W. Beall, Rodolfo Guzman | Source: Prism (Arthur D. Little) | Subject: Risk Management