Honeybees are masters of risk management, according to a HarvardBusiness Review blog post by Michael O'Malley, a beekeeper and HRconsultant, who says bees' procedures have provided the specieswith more than 100 million years of growth,

For example, honeybees manage the “too big to fail” risk betterthan banks: when a colony gets too large, a spin-off occurs as somebees swarm to form a new hive. In a contrast to the centralizeddecision making typical of corporations, honeybees employdistributed decision making, in which individual bees make choicesbased on the information available to them. And the careerdevelopment the hive provides to bees ensures they're capable ofmaking good decisions.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.