Managing Risk In Oranizations

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Managing Risk In Oranizations

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Toward the end of the 1990s, we approached the coming millennium with a foreboding that was similar to what our ancestors experienced a thousand years earlier. In 999, many of them envisioned the new millennium as ushering in Armageddon and the end of the world. Today, we are more sophisticated. Like our ancestors, we saw the new millennium as bringing chaos and uncertainty, but this time it assumed a peculiarly high-tech and secular cast in the form of what we called “the Y2K problem.”We breathed a collective sigh of relief when January 1, 2000, came and went with no collapse of our economic infrastructure. But whatever security we felt...

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