Research Library

Rethinking Risk - Strategies for Today's Changing Business Climate – report

Recent events have caused most firms to take a closer look at their risk management approach.   Many are discovering that the traditional divide between business and IT risk is going away.  They are also discovering that top-down compliance-based processes are only a small part of the solution.  What is needed is a strong bottom-up culture based on ethics, integrity and values that spans both business and IT.  This report will describe the many ways that this goal is being pursued.

The report is divided into four main sections:

  • What can firms learn from the risk management failures of both the financial crash and the recent Gulf of Mexico oil spill disaster?
  • How should business management factor in emerging internet-based risks?
  • How are firms’ risk management strategies changing in response to these developments?
  • What new frontiers of risk management thinking and research do we see as particularly promising?


Final Report

PDF (5.4 MB)

Executive Summary

PDF (1.0 MB)


David Moschella
Research Fellow
David Moschella, based in the United States, is a Research Fellow for Leading Edge Forum.  David's focus is on industry disruptions, machine intelligence and related business model strategies.  David was previously Global Research Director of the programme. David’s key areas of expertise include globalization, industry restructuring, disruptive technologies, and the co-evolution of business and IT.  He is the author of multiple research reports, including Disrupting the Professions through Machine Learning and Digital Trust, 2016 Study Tour Report: Applying Machine Intelligence, There is Now a Formula for Machine Intelligence Innovation,  Embracing 'the Matrix' and the Machine Intelligence Era and The Myths and Realities of Digital Disruption. An author and columnist, David’s second book, Customer-Driven IT, How Users Are Shaping Technology Industry Growth, was published in 2003 by Harvard Business School Press.  The book predicted the shift from a supplier-driven to today’s customer-led IT environment.  His 1997 book, Waves of Power, assessed global competition within the IT supplier community.  He has written some 200 columns for Computerworld, the IT Industry’s leading publication on Enterprise IT, and has presented at countless industry events all around the world. David previously spent 15 years with International Data Corporation, where he was IDC’s main spokesperson on global IT industry trends and was responsible for its worldwide technology, industry and market forecasts.