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Kaplan and Norton: Ignoring Risk Is Not An Option

Kaplan and Norton correctly assert that management all too frequently ignores risk as a factor in managing their firms. They explain that part of the reason for this failure is the lack of good measurement tools to quantify “rare, or black swan, events”, but this is no excuse. The inability to quantify these risks does [...]

Kaplan and Norton: How To Measure Your Company’s Risk in a Downturn

Harvard professors Robert S. Kaplan and David P. Norton, creators of the balanced scorecard, have written a superb article arguing that far too often management has ignored risk as a factor in managing their firms.

How To Measure Your Company’s Risk in a Downturn

http://blogs.harvardbusiness.org/kaplan-norton/2008/12/how-to-measure-your-companys-r.html

Some excerpts:

“Traditionally, we have advocated two methods to drive shareholder value: revenue growth and [...]