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last activity : 07 06 2010 20:18:04 +0000
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In his book “The Black Swan” Nassim Nicholas Taleb has shown that the world is driven primarily by the big unexpected changes rather than the small ones you find considered in your business forecast scenarios. To put the book into a nutshell, we could say: “Expect the Unexpected, which is almost always Underestimated in its Impact!”.
Why is all this relevant for Human Capital Management?
Well, apart from the fact that risk management teams often operate in the way criticised by Taleb, one single team cannot transform an organisation into one that has the best chances to excel under uncertainty. Getting your business Black-Swan-Ready constitutes a fully-grown business transformation requiring different skills, different people, new ways to manage and reward people, different KPIs, … you name it.
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Hi Virender and Ravali Feel free to join DiscussHR at www.discusshr.com - a free, online HR community, to access this article, the video and download many more whitepapers, case studies and best practice documents. We look forward to welcoming you to... |
Knowledge Management In Projects – An Overview - by Eric D. Brown I’m continuing my research into Knowledge Management practices and principles within the project world. Currently still in literature review mode and hope to have the majority of... |
from Jon Younger Principal of The RBL Group and leads the Strategic HR practice area. Over the past week I've had the opportunity tospeak with the HR leaders of several global corporations. Each of these discussions had a similar theme: "How can... |