06 March 2011

Risk Management in Ancient Chinese Literature

Does the ancient Chinese people know about Risk Management?

Yes they do. In I-Ching, the hexagram 51震 Quake- Prepared & Recovery.
Below is a short summary of the teaching.

Summary on 51 Quake:
Be prepare for worse and other unseen events, then you can have the peace of mind even when the disaster happens. Develop this mental alertness and do proper risk management – find critical factors, plan recovery, implement, test and review regularly. Be prepared for the eventuality.

Wisdom from the Stage Lines:
  1. Prepare for Quake and there will be laughter later.
  2. Quake endangers. Run to safety first. Money comes later.
  3. Quake awakens. Put house in stable structure & order. Get organized.
  4. Quake exposes our flaws. Fix them up in good time before it is too late.
  5. Quake Proofing – Have righteousness at the center.
  6. Quake at neighbor. Be comforted that we are prepared and suffer not. But it is not the time for celebration. 
For related topics of wisdom according to Ancient Chinese see Chinese Wisdom
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