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Featured Risk, Corporate Risk Article, A fresh look at strategy under uncertainty

December 2008 

A fresh look at strategy under uncertainty: An interview

Although even the highest levels of uncertainty don’t prevent businesses from analyzing predicaments rationally, says author Hugh Courtney, the financial crisis has shown us the limits of our tools—and minds.

Recent Thinking
  • Featured Risk, Corporate Risk Article, Leading through uncertainty

    December 2008 

    Leading through uncertainty

    The range of possible futures confronting business is great. Companies that nurture flexibility, awareness, and resiliency are more likely to survive the crisis, and even to prosper.

  • Featured Risk, Corporate Risk Article, prediction markets google video best buy crowdsourcing

    November 2007 

    Betting on prediction markets

    How companies such as Google and Best Buy gather the collected wisdom of customers and employees to better predict future events.

    Includes: Video
  • Featured Risk, Corporate Risk Article, supply-chain risk

    October 2006 

    Understanding supply chain risk: A McKinsey Global Survey

    Executives believe they face growing risk from disruptions to their supply chains—yet many are unprepared to manage those risks.

  • Featured Risk, Corporate Risk Article, oil and gas value creation

    December 2005 

    Capital discipline for Big Oil

    The oil and gas industry has a history of overinvesting at the top of a cycle. This time it should break the habit.

    Includes: Audio

The Archive

2005

2004

2003

2000

  • June 2000 

    Strategy under uncertainty

    The traditional approach to strategy requires precise predictions and thus often leads executives to underestimate uncertainty. This can be downright dangerous. A four-level framework can help.

1998

  • August 1998 

    Making real options real

    Most applications of option theory have been oversimplifled. What happens when options generate more options as well as cashflows? Here is a second-year course on compound options.

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