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Printable Handouts
Navigable Slide Index
- Introduction
- Speaker's background
- Our lives
- Who are we?
- Concepts
- Uncertainty
- The uncertainty principle
- Mining business case study
- Existing business and the future
- Rate of change (events)
- Risk
- Time
- Probability of an improbability
- Publishing business case study
- Further change
- Quo Vadis?
- Thinking
- Good Reading
This material is restricted to subscribers.
Topics Covered
- The uncertainty principle
- Mining business case study
- Publishing business case study
- Rate of change
- Risk management
- Probability of an improbability
Talk Citation
O'Connor, S. (2024, May 30). Uncertainty, risk, and predictability [Video file]. In The Business & Management Collection, Henry Stewart Talks. Retrieved December 3, 2024, from https://doi.org/10.69645/NMJH2088.Export Citation (RIS)
Publication History
Uncertainty, risk, and predictability
Published on May 30, 2024
18 min
Transcript
Please wait while the transcript is being prepared...
0:00
Uncertainty, Risk,
and Predictability,
a talk by Steve O'Connor,
who is the Adjunct Professor at
Charles Sturt University,
New South Wales, Australia.
0:16
Hello. My name is
Steve O'Connor.
I'm an experienced CEO of
mostly not-for-profit
companies and organisations.
My focus has been
on the structuring
of the organisation
for flexibility,
strategic knowing,
and resilience.
This is for the whole
organisation from the bottom up.
This topic for me is a
fascinating journey in
how to understand the
challenges facing us now.
It also determines
how one needs to
prepare and to confront
for the future.
Having said that, the future is
unknowable, but its elements
can be recognised
and understood.
Failure to understand
these elements
will limit the thinking
affecting your own organisation.
So, let's get started.
1:05
Every evening we sleep
in the expectation that
there is a strong possibility
that there will be a tomorrow.
Too often, probability
melts into certainty,
while very little now work and
professional lives
is truly certain.
Tomorrow is another challenge.
For many this may not happen in
a peaceful or violent
circumstances.
Organisationally, we are too
tempted to let things
go as they are.
Don't rock the boat,
keep all the troops
happy and contented.
Can you recall how you felt
when you saw the Twin
Towers fall into
Manhattan with people plunging
to their deaths far below?
Did you in the
beginning or even now
understand what the pandemic
was, is, or will be?
We cannot always predict
these big things, but we
need to teach ourselves
to be open for them.