The Necessity of Multi-Discipline Risk Management: Transformation of Mindset and Incentive Pay

摘要

These man-made catastrophes are only two examples among a multitude that illustrate the importance of risk management in all aspects of our society. The nature of risk management is multi- disciplinary. To prevent future tragedies, it is a necessity that this field becomes a core requirement in all management or related programs of study. In order to ensure that it takes hold in business life once graduates move on, a positive reinforcement mechanism needs to be established; I recommend monetary rewards as an incentive to be effective.