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Global RISK Management Network™
Managing Change, Uncertainty, and Complexity through People-Process-Technology
The Mission
Educate... Enlighten... Empower...
Developing leading edge thinking and practice on Contemporary Business, Information Technology, and Financial Risk Management issues to facilitate organizational and individual performance, success, and fulfillment.
A sample of our corporate and organizational clients, patrons, and users is listed below:- Business Schools: Carnegie Mellon, Harvard, MIT, Princeton, Stanford, UC Berkeley, Wharton
- Consulting Firms: Accenture, Cap Gemini, Ernst & Young, CSC, McKinsey, Price Waterhouse Coopers
- Global Corporations: British Telecom, Cisco, Goldman Sachs, Google, HP, IBM, Intel, Microsoft, SAP, Wells Fargo
- World Government Policy: Australia, Brazil, Canada, China, European Union, UK, USA
- U.S. National Defense: AFRL, Air Force, Army, CCRP, Comptroller, DISA, DoD, NASA, Navy
- World National Defense: Australia (Air Force), Canada (Defence R&D), IAEA, UK (Ministry of Defence)
- Professional Associations: AACSB, ABA, ACM, AICPA, AOM, APICS, ASTD, ISACA, IEEE, INFORMS
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A small sample of publications and organizations that have published editorial reviews
about BRINT Institute and its Web sites:
Sample of Editorial Reviews of BRINT Web Sites:
"Tool for raising your company's IQ..." - Forbes
"What every CEO should know..." - Business Week
"A practical guidepost..." - Chief Executive
"Best business information source..." - Business Week
"Thumbs up for this serious surfer's tool useful for managers..." - Fortune
"Contemporary business management and technology issues..." - Wall Street Journal
"One of the best HR sites on the Internet..." - Wall Street Journal: Career Journal
"First on the list for in-depth sites for company and industry research..." - San Jose Mercury News
"Invaluable for applying complexity theory to business management..." - New York Times"Complexity theory made easy..." - Wall Street Journal
"A pretty powerful portal. Smart stop on the web..." - American Institute of Certified Public Accountants
"Best site for information technology and business information..." - Computerworld
"Unparalleled in depth and relevance for business research..." - Information Week
"Wealth of incredibly rich, useful and interesting information..." - CIO Magazine
"Top website for useful training and workplace-related issues..." - American Society for Training and Development
"Practitioner's and academic's paradise..." - MBA Magazine
"If BRINT doesn't have it, then you probably don't need it..." - Fast Company
"Perhaps the best KM resource site out there..." - KM World
"Pool of largest collection of knowledge management literature..." - Wall Street Journal
"Best source for knowledge management and intellectual capital..." - Fast Company
"Best web site on the topic of knowledge management..." - InfoWorld
"Best web site for keeping up with hi-tech industry developments..." - InfoWorld
"Will keep enthusiasts of Knowledge Management entertained for hours...." - Harvard Business Publishing
"Top frequently visited 'knowledge economy' site..." - Business 2.0
"Best web site in comprehensiveness, creativity, relevance for educators interested in technology..." - Syllabus
By 2005, our research focus on Systemic Failures and Extreme Events, recognized subsequently for its impact on actual practice by the AACSB International in 2008, had advanced to make us ponder about a possible forthcoming systemic failure of the global finance markets. The rest is history. Listed below is an excerpt from an invited interview of the founder of the BRINT Institute, published on April 2, 2005 by one of the world’s largest publishers of management research for top executives and managers worldwide based in the UK:
In contrast to other extant paradigms of finance, accounting, and economics that also inform our understanding, our research and practice are founded upon more than a decade-long specific focus on understanding systemic risks, extreme events, systemic failures, and related quantitative models of controls and compliance as applicable to networked information and computational systems. Our specific and direct focus on information and computational systems and corresponding human behaviors and performance at various levels of analysis within environments characterized by radical discontinuous change events, or as they are now popularly known as 'black swans', has informed worldwide managerial practices over the past decade. It is in such basic and applied understanding of information and computational systems, and, related behaviors and performance – that are central to today’s complex global financial systems – wherein financial economics theory and research have faced significant criticism for their inability in predicting or explaining prior ‘critical events’ or prescribing future strategies for anticipating or preparing for inherently 'unpredictable' future crises."Interestingly, a review of best-selling literature on successful practices in one of the most technical, numbers driven, globally popular area of financial markets provides some perspective about managing information in most unpredictable, radically changing environments that defy prediction, pre-determination and control. Despite the recognized importance of fundamental, technical, structural, and human aspects of such practices, it is well recognized that in the final analysis human elements often determine the sustained success or failure in such environments. Interestingly, such environments that defy prediction and control are also characterized by a virtual absence of rules as most rules are defined, applied and used through subjective interpretations by specific players in the game. On one hand, human aspects characterize the hallmark of the necessary focus and discipline required for sustained success in such highly information-intensive environments often characterized by unpredictable, radical and discontinuous changes. However, on the other hand, the same human aspects of hope and fear - regardless of prior history of experience and expertise - result in elimination of more than 90 percent of players within less than a year. Also, most successful practitioners in such high velocity and hyper-turbulent information-intensive environments recognize the insurmountable challenges posed by command and control stereotypes that characterize less information intensive jobs and professions of the industrial economy."
The futuristic paradigm of IT-based complex adaptive systems that can handle unprecedented change, uncertainty, and complexity continues to be the central theme of research and practice on which BRINT Institute was founded more than a decade ago. (See for example, Expert Systems for Knowledge Management: Crossing the Chasm Between Information Processing and Sense Making published in the Journal of Expert Systems with Applications, 20, 2001, p. 7-16.). It is also the central theme on which our early contributions to managerial practice have been written about by the New York Times and the Wall Street Journal. Our related contributions to advancing applications of complexity theory to business and technology practices have been noted by top academic journals and professional associations such as INFORMS (Institute for Operations Research and the Management Sciences). Commenting on the futuristic paradigm of IT-based complex adaptive systems, a theme of life-long academic and practical interest, our founder also observed in the same interview regarding future systemic failures related to controls and regulation:
"Paradoxically, the economies of the bygone era had inculcated in most managers the models of scientific management based on deterministic control. However, in the new era of rapid pace of increasingly unpredictable change, such models of deterministic control would result in failures - particularly of large-scale systems. The challenge lies in trying to control what is uncontrollable. The emergence of the digital era with KM at its focus resulted in the 'perfect storm': managers trying to impose greater controls when such controls are either economically expensive to sustain and often even detrimental to the viability of the increasingly 'out-of-control' systems. The mechanistic thinking that served its purpose well during the industrial era seems to underlie many of the current failures of both IT and KM-based systems."
BRINT Institutetm has its current focus on advancing worldwide risk management practices for global financial systems and capital markets with specific focus on Quantitative Finance models and Computational Systems. Earlier, BRINT Institute served as the world's epicenter from which two other new technology management disciplines were adopted across all countries of the world over the past decade. Having made recognized fundamental and applied contributions to the advancement of global managerial practices on the first three generations of systemic risk management relevant to Business Technology Management, e-Business, and, Knowledge Management, the current focus of our research and practice is on Financial Risk Management as applicable to Quantitative Finance, Global Financial Systems, and Global Capital Markets.
After the turn of the last century, this digital social enterprise has been probably most recognized for developing and disseminating worldwide its basic and applied understanding of Knowledge Management as a discipline of detecting and pre-empting risks of systemic failures for increasingly unpredictable and complex business environments. BRINT (short for Business Research in Information and Technology) was originally conceived to bridge the gaps between business and technology, data and knowledge, and, theory and practice, "an ambitious undertaking", as reported by a Fortune cover story on the knowledge economy in 1998. For more than a decade, BRINT has serviced the learning, networking, and professional growth needs of millions of users on average in any given month. Instead of remaining stuck in the obsolescent paradigm of 'IT' "for managing 'data' and 'information'", in early 1990s it represented a significant departure from the textbook focus of most Information Systems, Information Science, and Information Technology disciplines by its choice to focus on managing what [we believe] really matters: change, uncertainty, and complexity.
BRINT (short for Business Research in Information and Technology) emerged in the early 1990s when most practicing managers and academics envisioned little of significance in the future of the just-born World Wide Web. Ironically, the cover story on the 'virtual corporations' was published by Business Week in its February 8, 1993 issue, yet most did not see the future at that time!
In early 1990s, this venture laid the foundation of the Business Technology Management discipline through the launch of the BRINT "The BizTech Network" content portals followed soon by a virtual global community of practice spanning all countries of the world. Through those technology ventures, we pioneered the development of focused understanding about new information technologies in the context of business management and business performance for increasingly complex and uncertain environments.To advance beyond the persistent 70%-80% failure rate of computational systems despite increasing sophistication of IT, in mid 1990s, we developed the foundational basis of Knowledge Management as a discipline of systemic risk management for business environments characterized by radical discontinuous change events. (In the aftermath of the global financial crisis of 2008, such highly improbable events have been popularized as 'black swans' as named after a business best-seller of the same name.) This functional paradigm is most widely published and referenced in literature on Knowledge Management given its focus on holistic (based on 'systems thinking') and dynamic (based on 'system dynamics') understanding about the people-process-technology relationships for systemic performance. It squarely addresses the integration of people and process aspects that are critical for realizing the success of computational technologies in a radically changing world. The foundation of the systemic risk management focus on knowledge management was further reinforced through our creation of the world’s first content and community portals on Knowledge Management.
BRINT Network Web portals are the home of award-winning content, community, research, and practices reviewed and recommended in the columns of Wall Street Journal, Business Week, Fortune, Forbes, Fast Company, Chief Executive, CIO Magazine, CIO Insight, Computerworld, Information Week, KM World, New York Times, Los Angeles Times, Seattle Times, and thousands of other worldwide publications.
Our content and community resources serve as a highly focused reference and are visible on the web sites and intranets of worldwide corporations, organizations, institutions, associations, publishers, libraries, and, publications. References to our leading-edge research are found across all areas of business, technology, and management practices in every realm of social and economic activity across all countries of the world. In any given month, our ventures service the learning, developmental, and networking needs of a few million business technology management and knowledge management professionals. Among our users are world's respected corporations and consulting firms; prestigious business, management, and technology institutions; top-tier publishers of business, management, and technology literature; high profile world development agencies; and, world governments and national defense services of most progressive nations of the world. The global impact of the thought leadership of BRINT Institute is self-evident in the policies, strategies, and practices of world governments and worldwide organizations across most countries of the world.
BRINT Institute is the champion of business and technology management practices relevant to the brave new world of business, also described as a world of radical discontinuous change events now popularly known as 'black swans'.In hindsight, BRINT Institute’s vision at the time of its founding in 1990s about today's world unfolding more than a decade later seems to have been prophetic as apparent from the following welcome statement on the launch of its first global network:
"BRINT Institute is the champion of business and technology management practices relevant to the brave new world of business, also described as a world of radical discontinuous change. This world full of continuous surprises of unforeseen dimensions and change of uncharted scale is characterized by evolving models of work, workplaces, business enterprises, institutions, and other formal and informal organizations. This is the world in which the success formulas and best practices of yesterday could become failure traps of tomorrow and enterprises that were Goliaths of yesterday may become dinosaurs of tomorrow. Until this point, you may have read about this new world in some of the popular books on business transformation, change management, knowledge management and e-business. Welcome to the marketspace where this world is being charted, understood, defined and practiced... welcome to the new world of business!!"
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