Brexit: 5 lessons to be learnt in risk management
Insights from research at HEC Lausanne-UNIL – March 29 has passed by and the United Kingdom is still a member of the European Union. The question of leaving the EU is postponed. With a risk management approach, Prof Anette Mikes, HEC Lausanne (UNIL), is bringing a different perspective on the multitude of issues surrounding Brexit and post-Brexit.
In the case of Brexit, can we reliably predict the economic consequences of a EU withdrawal, while to date no country or economic power has experienced such events and disruptions?
In the absence of historical background, and given the unprecedented nature of Brexit, a risk management approach would be to game alternatives, using scenario planning techniques. Imagining alternative best-case and worst-case futures enables proactive steps to be taken to mitigate the impact of, or take advantage of likely scenarios.
The researcher Anette Mikes, Professor of Accounting, Control, and Risk Management, analyzes the Brexit issue in 5 lessons in her opinion piece to be discovered on the HECimpact research blog.
Get to know more about:
- Prof. Anette Mikes: Anette Mikes is a professor of Accounting, Control, and Risk Management. She is driven by a passion to improve our ability to understand and manage pluralistic risk and disaster situations.
- Department of Accounting and Control: The Department of Accounting and Control's research covers areas such as auditing, tax systems, management and cost control. It aims at understanding the growing complexity of national and international accounting systems.
par Chantal Behar