Haywood, Lorren KForsyth, Gregory GDe Lange, Willem JTrotter, Douglas H2017-09-272017-09-272017-06Haywood, L.K., Forsyth, G.G., De Lange, W.J. et al. 2017. Contextualising risk within enterprise risk management through the application of systems thinking. Environment Systems & Decisions, vol. 37(2): 230-2402194-5403https://link.springer.com/article/10.1007/s10669-017-9627-8https://www.researchgate.net/publication/313248796_Contextualising_risk_within_enterprise_risk_management_through_the_application_of_systems_thinkinghttp://hdl.handle.net/10204/9604Copyright: 2017 Springer. Due to copyright restrictions, the attached PDF file only contains the abstract of the full text item. For access to the full text item, kindly consult the publisher's website.New and emerging risks create growing uncertainty and unpredictability within enterprise risk management. While ISO 31000:2009 is a progressive risk management framework, it is limited in its guidance on how to contextualise complex risks. The application of systems thinking to risk management provides the opportunity to better understand complexity by viewing risk and the consequence of change as part of overall system behaviour. System modelling tools enable organisations to better contextualise their risk landscape. These tools assist organisations to identify vulnerabilities between social and ecological variables in the system within they exist. Determining drivers of change leading to system vulnerabilities can assist in understanding threshold limits of the system, thus enabling the organisation to build system resilience and organisational sustainability.enEnterprise risk managementSystems thinkingISO 31000ArticleHaywood, L. K., Forsyth, G. G., De Lange, W. J., & Trotter, D. H. (2017). Contextualising risk within enterprise risk management through the application of systems thinking. http://hdl.handle.net/10204/9604Haywood, Lorren K, Gregory G Forsyth, Willem J De Lange, and Douglas H Trotter "Contextualising risk within enterprise risk management through the application of systems thinking." (2017) http://hdl.handle.net/10204/9604Haywood LK, Forsyth GG, De Lange WJ, Trotter DH. Contextualising risk within enterprise risk management through the application of systems thinking. 2017; http://hdl.handle.net/10204/9604.TY - Article AU - Haywood, Lorren K AU - Forsyth, Gregory G AU - De Lange, Willem J AU - Trotter, Douglas H AB - New and emerging risks create growing uncertainty and unpredictability within enterprise risk management. While ISO 31000:2009 is a progressive risk management framework, it is limited in its guidance on how to contextualise complex risks. The application of systems thinking to risk management provides the opportunity to better understand complexity by viewing risk and the consequence of change as part of overall system behaviour. System modelling tools enable organisations to better contextualise their risk landscape. These tools assist organisations to identify vulnerabilities between social and ecological variables in the system within they exist. Determining drivers of change leading to system vulnerabilities can assist in understanding threshold limits of the system, thus enabling the organisation to build system resilience and organisational sustainability. DA - 2017-06 DB - ResearchSpace DP - CSIR KW - Enterprise risk management KW - Systems thinking KW - ISO 31000 LK - https://researchspace.csir.co.za PY - 2017 SM - 2194-5403 T1 - Contextualising risk within enterprise risk management through the application of systems thinking TI - Contextualising risk within enterprise risk management through the application of systems thinking UR - http://hdl.handle.net/10204/9604 ER -