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Behavioural Stimuli and Unintended Consequences PART 2
Anticipating behavioural changes is a challenging task, with so many factors that go into shaping how societies behave. As we learnt in Part 1, actions and policies enforced may yield very unexpected or unintended consequences. To further illustrate what stimulates sudden changes in behaviour, we can explore some of the regulations and restrictions imposed due…
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Behavioural Stimuli and Unintended Consequences PART 1
A well-intentioned solution can often result in adverse effects, causing a problem to be worse than what it had initially been. While unintended consequences do not yield only negative results, they are very common. So common, in fact, that economists refer to it as ‘The Cobra Effect’, after an anecdote about the cobras that inhabited…
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Has COVID19 changed our approach to risk assessments?
Many enterprises are facing a growing number of high-impact events and emerging risks that affect business as usual. Risk to organisation structures, skill needs, assets and reputation are all impacted. This is a real opportunity to take a fresh look and improve the efficiency of the risk process. COVID-19 provides a strong argument for Enterprise…
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Re-imagining the Workplace
Innovative thinking has been the propelling element behind the workforce of the future. While any disruption brings unpredictability and complexity, many are moving from seeing this as a temporary measure to a perpetual transformation. Twitter has announced that they will be giving their employees the choice to continue working from home on an ongoing basis…
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State of Legal Spotlight on The Legal Tech Disruption
“Faster, better, cheaper,” is a term some often use to describe the outcome of integrating business operations with innovation. In the past, the cautious nature of the legal profession may have restricted the exploration of a merge between the worlds of law and technology. Today, there is a prolific amount of law firms and solo…
