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The Hedgehog Concept
The ancient Greek poet Archilochus once wrote: “Πόλλ᾽ οἶδ᾽ ἀλώπηξ, ἀλλ’ ἐχῖνος ἕν μέγα.” or …
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Risk Management: the Three Lines of Defence
Why do organisations fail? In the final analysis, it is always because they have failed …
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What is Financial Stability?
Not-for-profit organisations talk a lot about financial sustainability, but what is it? Sustainability can be …
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