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McKinsey Quarterly is the business journal of McKinsey & Company.

featured Risk, Corporate Risk article, Risk Seeing around the corners

October 2009 

Risk: Seeing around the corners

Risk-assessment processes typically expose only the most direct threats facing a company and neglect indirect ones that can have an equal or greater impact.

Recent Thinking

The Archive

2006

2005

2004

2003

2000

  • June 2000 

    Strategy under uncertainty

    The traditional approach to strategy requires precise predictions and thus often leads executives to underestimate uncertainty. This can be downright dangerous. A four-level framework can help.

1998

  • August 1998 

    Making real options real

    Most applications of option theory have been oversimplifled. What happens when options generate more options as well as cashflows? Here is a second-year course on compound options.

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