Thursday, August 7, 2008

Term of the day - Moral Hazard

Hey, Enterprise Architects! Pay attention.

Moral hazard - Wikipedia, the free encyclopedia
Moral hazard is the prospect that a party insulated from risk may behave differently from the way it would behave if it were fully exposed to the risk. Moral hazard arises because an individual or institution does not bear the full consequences of its actions, and therefore has a tendency to act less carefully than it otherwise would, leaving another party to bear some responsibility for the consequences of those actions.

And by the way, how did it come to be that we call ourselves architects? Nothing I do all day looks much like architecture. We're more like a CIO's Professional Shoppers.

Maybe I'm biting the hand that feeds but the IT industry is a joke. I won't be surprised if Silicon Valley goes the way of Detroit in 20 years.

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