Drawing on research in the social sciences, risk analysis, and management theory, this instalment of Business Law & Ethics Corner encourages diversity of consideration in corporate governance as not only good for imagination and business growth, to handling risk successfully, but additionally imperative. The article starts with the risk preferences of each as well as an overview of four important worldviews.
Next, it analyzes psychological processes that greatly influence risk perception and guide human decision making. The article subsequently implements psychological happenings and these worldviews to the case. The article concludes by promoting increased diversity as a means to prevent exactly the same risk blindness that led to the Great Recession of worldviews.
Risky Business How Social Psychology Can Help Improve Corporate Risk Management case study solution
PUBLICATION DATE: July 15, 2014 PRODUCT #: BH624-HCB-ENG
This is just an excerpt. This case is about ORGANIZATIONAL DEVELOPMENT
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