Predictable surprise

A "Predictable Surprise" describes a situation or circumstance in which avoidable crises are marginalized in order to satisfy economic and social policies.

Definition

Max H. Bazerman and Michael D. Watkins define "predictable surprises" as problems that

The problems behind "predictable surprises" tend to require a significant investment in the near term that will not pay off until later. This could involve changes to established organization culture and/or changes that competing interests do not benefit from.


Examples of predictable surprises

Citations

  1. Watkins, M (2007)BusinessWeek (December 17) Subprime: A Predictable Surprise
  2. Irons, L (2005) Homeland Security Affairs Hurricane Katrina as A Predictable Surprise
  3. Bazerman, M (2006) Climate change as a predictable surprise.Climatic Change 77:79-193

References


This article is issued from Wikipedia - version of the 1/8/2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.