- Data Governance
- Value Creation
- Trust and Ethics
- Skills and Competencies
- About Foresight
Complicated problems differ from complex ones in important ways:
|Might have many moving parts, but interactions are linear and able to be modelled||Interactions are dynamic or "emergent" and often hidden
|Outcomes are reasonably predictable||Outcomes cannot be accurately predicted
|Systems can be de-constructed||Elements are interdependent, and can't be untangled|
|Results are reproduceable||Applying the same "solution" will generally yield different results|
Although complicated problems are challenging to solve, once solutions are found, they generally stay solved. Complex problems, on the other hand, are not solvable by applying static algorithms, rules and processes.
How is complexity in the professional environment impacting the role of CPAs as ethical leaders and trusted advisors?
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