Managing risk and resilience: From the Editors

• Main Authors: VAN DER VEGT, Gerben, ESSENS, Peter, WAHLSTROM, Margareta, GEORGE, Gerard
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2015
• Subjects: Strategic Management Policy
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/4744; https://ink.library.smu.edu.sg/context/lkcsb_research/article/5743/viewcontent/managingrisk.pdf
• Institution: Singapore Management University

Ten years of Global Risks reports by the World Economic Forum show a daunting list of risks that challenge humankind, including water and food crises, terrorist attacks, cybercrime, financial crises, and extreme weather events, among others (World Economic Forum, 2015). The annual number of these high-risk events worldwide has steadily increased from around 350 in 1980 to almost 1,000 in 2014 (UN, 2015). Managing the devastation of these disaster events extends beyond concerns about mortality; economic losses are rising from around U.S.$50 billion in the 1980s to around U.S.$250 billion in the last decade (UN, 2015). Similarly, cataclysmic effects caused by climate change will, with increasing regularity, shape business and society (Howard-Grenville, Buckle, Hoskins, & George, 2014).