Goa Institute of Management
Introduction
In the last decade,1 there have been shifts in the top ten global risks that are reported annually by the World Economic Forum (WEF). Earlier, the risks were geopolitical (e.g., terrorism) and economic. In recent times, many of these are environmental, societal, or geopolitical risks. In 2015 for instance, the top ten global risks reported as most likely to occur include extreme weather events, natural catastrophes, failure of climate change adaptation, and water crisis.
The changing nature of global risks is a reflection of the new normal that business is experiencing and ...
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