Blog Line

One of the benefits of being an alumnus of Jospeh L. Rotman School of Management, University of Toronto is receiving their quarterly management magazine “Rotman”. The entire Spring issue is dedicated to risk - evaluating risk in making strategic decisions, the danger of not taking any risks, managing risk in complex financial transactions and the increasing risk for individuals and enterprises as organizations, economies and eco-systems become more integrated with rapid globalization. The issue is excellent and the topic fascinating. Roger Martin, Rotman’s Dean, argues in the article “Underestimating the Risk of Status Quo” that doing nothing or maintaining the status quo is a hugely risky venture. He believes that this is a particular danger for Canadian companies in a global economy.