Risk does not lie in probability of event, but in optionality. Risk should not be evaluated on rationality, but optionality, meaning on heuristic calculation of gains and loses which are in complex environment always asymmetrical. Lessons given by Nassim Nicholas… Continue Reading
Individual is the sole agent on the market of life. Continue Reading
What has famous Milton Friedman pencil case to do with circular economy and integrated reporting, this is a topic of this post. Milton Friedman “pencil case” can be found in his book “Free to Choose”. Shorter but explanatory enough version… Continue Reading
Value chains within organizations should be metaphorically understood as micro power plants that produce energy (added value) from consumed inputs (capitals). Value chains are constructed so, that by producing marginally larger output value as is the sum of all input… Continue Reading
Circular economy is not fake news but fake trend. Why? Because the concept that attracts such wide public attention is nothing but cleverly designed mask for “consultants” craving for collective funds (state budgets). So far I have explained the scam… Continue Reading
When it comes to organizational risk assessment, financial risk assessment (and management of financial risks) comes as top one, followed by work accidents risk prevention and physical security risk assessment and management especially for objects and plants that are more… Continue Reading
I guess we all experience awkward moments from time to time, seeing simple basic truths behind complicated explanations. Buzzwords like “circular economy”, “sharing economy” or “universal basic income” are most frequent examples. There is abundance of such buzzwords in management… Continue Reading
Integrated reporting rests on two premises: That organizations behave like living creatures (biological premise). That living creatures exist holistically (holistic premise). Taken together those two premises narrow down possibilities for organizational philosophy, explanation, conception, management, supervision, risk management and reporting.… Continue Reading
Stakeholder is something in what an issue has a stake. Continue Reading