Risk management the next source of competitive advantage by Ehsan Elahi

Document Type:Case Study

Subject Area:Business

Document 1

According to the article, the evolution of supply chain management resembles the evolution of risk management because they were used in terms of cost but later they became sources of competitive advantage. The second concept is Uncertainty and Risk Management. In order to properly manage risks firms need to have a number of risk management strategies. The third concept is the drivers for increasing uncertainty and risk. The main causes of increase in risk and uncertainty are faster pace of change, increasing complexity, multi-polar global order, globalization, and increasingly interconnected risks. The other strong point is the key drivers for increasing risk. The article has done well in discussing the main causes of increase in risk. However, I feel some points do not present strong argument.

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