How New Risk Management Helps Leaders Master Uncertainty

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How New Risk Management Helps Leaders Master Uncertainty

Author : Robert B. Pojasek
Publisher : Business Expert Press
ISBN 13 : 194999161X
Total Pages : 122 pages
Book Rating : 4.9/5 (499 download)

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Book Synopsis How New Risk Management Helps Leaders Master Uncertainty by : Robert B. Pojasek

Download or read book How New Risk Management Helps Leaders Master Uncertainty written by Robert B. Pojasek and published by Business Expert Press. This book was released on 2019-07-03 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book helps the organization’s top leader gather the information needed to identify opportunities and threats and decide on the appropriate risk response in this uncertain world. Risk is the effect of uncertainty on the ability of an organization to meet its strategic objectives. The effects of uncertainty are expressed as opportunities and threats. Yet, most people associate risk with hazards and losses (i.e., pure risk). Unlike pure risk, uncertainty risk is not insurable because of its upside risk opportunities. Risk management is a key element of the open-sourced, high-level structure developed by the International Organization for Standardization. This structure for managing important organizational programs has been adopted by over 180 country standard-setting organizations. This book helps the organization’s top leader gather the information needed to identify opportunities and threats and decide on the appropriate risk response in this uncertain world. The two most widely used risk management standards are presented to demonstrate that an organization can use either one or a combination of the two standards to help manage the effects of uncertainty on their organization. It’s fool-worthy to attempt to run an organization without formal uncertainty risk management. Let this book help you find your company’s way in an uncertain world.

Masters of Uncertainty

Author : Rainer Petek
Publisher :
ISBN 13 : 9780648980919
Total Pages : pages
Book Rating : 4.9/5 (89 download)

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Book Synopsis Masters of Uncertainty by : Rainer Petek

Download or read book Masters of Uncertainty written by Rainer Petek and published by . This book was released on 2020-10-30 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

You Are What You Risk

Author : Michele Wucker
Publisher : Simon and Schuster
ISBN 13 : 1643136798
Total Pages : 244 pages
Book Rating : 4.6/5 (431 download)

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Book Synopsis You Are What You Risk by : Michele Wucker

Download or read book You Are What You Risk written by Michele Wucker and published by Simon and Schuster. This book was released on 2021-04-06 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: The #1 international bestselling author of The Gray Rhino offers a bold new framework for understanding and re-shaping our relationship with risk and uncertainty to live more productive and successful lives. What drives a sixty-four-year-old woman to hurl herself over Niagara Falls in a barrel? Why do we often create bigger risks than the risks we try to avoid? Why are corporate boards newly worried about risky personal behavior by CEOs? Why are some nations quicker than others to recognize and manage risks like pandemics, technological change, and climate crisis? The answers define each person, organization, and society as distinctively as a fingerprint. Understanding the often-surprising origins of these risk fingerprints can open your eyes, inspire new habits, catalyze innovation and creativity, improve teamwork, and provide a beacon in a world that seems suddenly more uncertain than ever. How you see risk and what you do about it depend on your personality and experiences. How you make these cost-benefit calculations depend on your culture, your values, the people in the room, and even unexpected things like what you’ve eaten recently, the temperature, the music playing, or the fragrance in the air. Being alert to these often-unconscious influences will help you to seize opportunity and avoid danger. You Are What You Risk is a clarion call for an entirely new conversation about our relationship with risk and uncertainty. In this ground-breaking, accessible and eminently timely book, Michele Wucker examines why it’s so important to understand your risk fingerprint and how to make your risk relationship work better in business, life, and the world. Drawing on compelling risk stories around the world and weaving in economics, anthropology, sociology, and psychology research, Wucker bridges the divide between professional and lay risk conversations. She challenges stereotypes about risk attitudes, re-frames how gender and risk are related, and shines new light on generational differences. She shows how the new science of “risk personality” is re-shaping business and finance, how healthy risk ecosystems support economies and societies, and why embracing risk empathy can resolve conflicts. Wucker shares insights, practical tools, and proven strategies that will help you to understand what makes you who you are –and, in turn, to make better choices, both big and small.

Leadership for Risk Management

Author : Lidewey E. C. van der Sluis
Publisher : Springer Nature
ISBN 13 : 3030694070
Total Pages : 67 pages
Book Rating : 4.0/5 (36 download)

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Book Synopsis Leadership for Risk Management by : Lidewey E. C. van der Sluis

Download or read book Leadership for Risk Management written by Lidewey E. C. van der Sluis and published by Springer Nature. This book was released on 2021-03-23 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: The market is like the sea: it gives, and it takes away. That became apparent once again when the economy and society went into “lockdown” due to the coronavirus outbreak. Organizations will either sink or swim, and only the pros will be able to keep their heads above water. This is a self-help book for managers, supervisors and administrators who see themselves as skippers at the helm of an organization in times of turbulence, uncertainty and complexity. It provides a number of the latest handy management models, such as the Three-Phase Model, Governance Model and Management Matrix, which help leaders and managers arrive at well thought-out risk management decisions. In addition, the practical cases and discussion questions in each chapter help readers implement these models in their organizations. The book is an English translation of the Dutch book ‘Varen in de mist’, which was nominated for the Dutch Management Book of the Year.

Guerrilla Warfare in the Corporate Jungle

Author : K.F. Dochartaigh
Publisher : Business Expert Press
ISBN 13 : 1952538858
Total Pages : 310 pages
Book Rating : 4.9/5 (525 download)

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Book Synopsis Guerrilla Warfare in the Corporate Jungle by : K.F. Dochartaigh

Download or read book Guerrilla Warfare in the Corporate Jungle written by K.F. Dochartaigh and published by Business Expert Press. This book was released on 2021-01-21 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using his experiences of life in the corporate jungle, K.F. Dochartaigh has produced a survival manual that assists and guides the reader on how best to navigate corporate pitfalls and avoid being ‘trapped’. The book fuses three separate but intertwined disciplines of the animal kingdom, the guerrilla battlefield, and the corporate world to help establish patterns of behavior and to understand the motivations that drive each action. All three areas share a common environment: the jungle, where visibility is limited, and ambush is the only method of attack by predators. The book blends animal and human psychology and provides safe passage in all its encounters. This book does not condone war—in fact, quite the opposite—and, as you will see, it takes more of a defensive position in repelling attacks and seeks to promote the occurrence of collaboration over individual competition, which will also become apparent. It is not a “call to arms” or a promotion of anarchy—not by any stretch of the imagination—as it merely assists the individual in adapting within their environment in order to ensure their survival. Whether you work as an accountant, IT consultant, lawyer, salesperson, or project manager, the same logic still applies because there is a natural order in all corporate vocations.

Cybersecurity for Decision Makers

Author : Narasimha Rao Vajjhala
Publisher : CRC Press
ISBN 13 : 1000909638
Total Pages : 511 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis Cybersecurity for Decision Makers by : Narasimha Rao Vajjhala

Download or read book Cybersecurity for Decision Makers written by Narasimha Rao Vajjhala and published by CRC Press. This book was released on 2023-07-20 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is aimed at managerial decision makers, practitioners in any field, and the academic community. The chapter authors have integrated theory with evidence-based practice to go beyond merely explaining cybersecurity topics. To accomplish this, the editors drew upon the combined cognitive intelligence of 46 scholars from 11 countries to present the state of the art in cybersecurity. Managers and leaders at all levels in organizations around the globe will find the explanations and suggestions useful for understanding cybersecurity risks as well as formulating strategies to mitigate future problems. Employees will find the examples and caveats both interesting as well as practical for everyday activities at the workplace and in their personal lives. Cybersecurity practitioners in computer science, programming, or espionage will find the literature and statistics fascinating and more than likely a confirmation of their own findings and assumptions. Government policymakers will find the book valuable to inform their new agenda of protecting citizens and infrastructure in any country around the world. Academic scholars, professors, instructors, and students will find the theories, models, frameworks, and discussions relevant and supportive to teaching as well as research.

Consumer Protection in E-Retailing in ASEAN

Author : Huong Ha
Publisher : Business Expert Press
ISBN 13 : 1953349617
Total Pages : 141 pages
Book Rating : 4.9/5 (533 download)

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Book Synopsis Consumer Protection in E-Retailing in ASEAN by : Huong Ha

Download or read book Consumer Protection in E-Retailing in ASEAN written by Huong Ha and published by Business Expert Press. This book was released on 2021-01-13 with total page 141 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines how consumers are protected on the online marketplace in the context of ASEAN countries. While many sectors have been badly affected by the COVID-19 pandemic, e-retailing is one of the booming sectors during this period. Actually, the e-retailing sector was already booming even before the global pandemic. Although e-retailing offers many opportunities for businesses and consumers, there are several issues associated with e-consumer protection. This book examines how consumers are protected on the online marketplace in the context of ASEAN countries. Specifically, this project: (i) Discusses the six issues of e-consumer protection (e.g., information about transaction, product quality, privacy, security, redress, and jurisdiction); (ii) Examines the policy/governance approach adopted by different sectors to address the issues of e-consumer protection; and (iii) Proposes a multi-sector governance framework for e-consumer protection. Three short case studies on Lazada in Singapore, Shopee in Vietnam, and Zalora in Malaysia are also included to illustrate how well-known e-retailers protect their e-customers. Overall, this book is interdisciplinary, including research on consumer protection, governance, management, and policy/regulation. It provides sources of information and knowledge which focus on both theoretical and practical aspects of e-consumer protection in ASEAN countries. Also, the roles from different sectors are examined to produce comprehensive findings and analysis of the governance process.

The Gig Mafia

Author : David M. Shapiro
Publisher : Business Expert Press
ISBN 13 : 1953349854
Total Pages : 231 pages
Book Rating : 4.9/5 (533 download)

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Book Synopsis The Gig Mafia by : David M. Shapiro

Download or read book The Gig Mafia written by David M. Shapiro and published by Business Expert Press. This book was released on 2021-02-09 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: Organized crimes (e.g., weapons trafficking, drug distribution, white collar crime) persist globally due primarily to the power of modern information and communication technology (e.g., computer-based networks in the open and dark webs) to facilitate organization and the enhanced liquidity provided by electronic transfers (in effect, e-capital) to distribute criminal proceeds in the same covert and high-speed manner used by the so-called legitimate commercial enterprises. Offshore banking in tax secrecy and tax haven jurisdictions facilitates both the socially accepted process commonly known as tax avoidance, for example, and the notorious practice commonly known as tax evasion: the former is lawful; the latter is illicit. The dirty secret of how transnational organized economic crime persists lies in global finance, especially transactions using the U.S. dollar in safe havens (e.g., the West uses the Cayman Islands; the East uses Cyprus). Regulators, monitors, auditors, and other specialists in conducting transaction review do not readily and timely tell the difference between high valued transfers that involve true sales of licit goods from high valued transfers that involve the laundering of proceeds from human trafficking, drug distribution, arms sales, and so on.

Strategic Risk Leadership

Author : Torben Juul Andersen
Publisher : Routledge
ISBN 13 : 1000028860
Total Pages : 128 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Strategic Risk Leadership by : Torben Juul Andersen

Download or read book Strategic Risk Leadership written by Torben Juul Andersen and published by Routledge. This book was released on 2020-02-24 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern risk management as practiced today faces significant obstacles—we argue—primarily due to the fundamental premise of the concept itself. It asserts that we are mainly dealing with measurable, quantifiable risks and that we can manage the uncontrollable by relying on formal control-based systems, which has produced a general view that (enterprise) risk management is a technical-scientific discipline. Strategic Risk Leadership offers a critique of the status quo, and encourages leaders, executives, and chief risk officers to find fresh approaches that can help them deal more proactively with what the future may hold. The book provides an overview of the history of risk management and current risk governance approaches as prescribed by leading risk management standards, such as COSO and ISO31000. This enables practitioners to challenge the frameworks and improve their adoption in practice introducing sustainable resilience as a (more) meaningful response to uncertain and unknowable conditions. The book shows how traditional thinking downplays the significance of human behavior and judgmental biases as key elements of major organizational exposures illustrated and explained through numerous case examples and studies. This book is essential reading for strategic risk managers to understand the requirements for effective risk governance practices in the contemporary and rapidly changing global risk landscape. Indeed, it is a valuable resource for all risk executives, leaders, and chief risk officers, as well as advanced students of risk management.

Getting the Best Equipment Lease Deal

Author : Richard M. Contino
Publisher : Business Expert Press
ISBN 13 : 1949991970
Total Pages : 148 pages
Book Rating : 4.9/5 (499 download)

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Book Synopsis Getting the Best Equipment Lease Deal by : Richard M. Contino

Download or read book Getting the Best Equipment Lease Deal written by Richard M. Contino and published by Business Expert Press. This book was released on 2019-12-06 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a guidebook for any business, small to large, considering acquiring equipment through a leasing alternative. It explains the pros and cons of leasing equipment, as well as how leasing and financing companies operate and the pitfalls to watch out for, provides guidance on how to financially evaluate lease offers and compare them to other financing alternatives. It also discusses the various business, accounting, and tax implications. Included are practical tips, recommendations and strategies for getting the best lease deal, a legal and business explanation of all relevant documents, and strategies to negotiate the relevant documents to get the best terms. Very simply, this book is a comprehensive guidebook tailored expressly for the business lessee--with up-to-date suggestions, insider tips and observations. So, if you're thinking about leasing equipment and want to know how to negotiate the best possible lease deal, this book is for you.

Organizational Risk Management

Author : Krista N. Engemann
Publisher : Walter de Gruyter GmbH & Co KG
ISBN 13 : 3110670208
Total Pages : 251 pages
Book Rating : 4.1/5 (16 download)

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Book Synopsis Organizational Risk Management by : Krista N. Engemann

Download or read book Organizational Risk Management written by Krista N. Engemann and published by Walter de Gruyter GmbH & Co KG. This book was released on 2022-07-04 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every organization faces diffi cult decisions when managing risk and the potential consequences of its manifestation. For a more thorough outlook on risk, organizations should also evaluate and engage with its advantages. Organizational Risk Management: Managing for Uncertainty and Ambiguity covers a series of perspectives that represent both causal and interpretative frameworks. These perspectives shed light on how organizational structures and processes adapt amid a complex, dynamic organizational environment in an effort to manage and exploit the accompanying risks of that environment. This volume will oftentimes challenge the expectation for and utility of clarity in crisis situations, thereby favoring uncertainty and ambiguity as the necessary conditions to exploit organizational risk and explore opportunities that rely on interpretation, learning, and knowledge among individuals. The ultimate objective of Organizational Risk Management: Managing for Uncertainty and Ambiguity is to promote discussion among practitioners and organizational scholars who venture to understand organizational risk. Setting such a goal is to essentially practice what this volume shall inevitably preach: engage one another in order to proactively monitor and respond to risk. Strengthening ties along the bridge between practice and science will be a welcomed consequence of this volume.

The Tyranny of Uncertainty

Author : Nabil Abu el Ata
Publisher : Springer
ISBN 13 : 9783662569788
Total Pages : 373 pages
Book Rating : 4.5/5 (697 download)

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Book Synopsis The Tyranny of Uncertainty by : Nabil Abu el Ata

Download or read book The Tyranny of Uncertainty written by Nabil Abu el Ata and published by Springer. This book was released on 2018-05-27 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors offer a revolutionary solution to risk management. It’s the unknown risks that keep leaders awake at night—wondering how to prepare for and steer their organization clear from that which they cannot predict. Businesses, governments and regulatory bodies dedicate endless amounts of time and resources to the task of risk management, but every leader knows that the biggest threats will come from some new chain of events or unexpected surprises—none of which will be predicted using conventional wisdom or current risk management technologies and so management will be caught completely off guard when the next crisis hits. By adopting a scientific approach to risk management, we can escape the limited and historical view of experience and statistical based risk management models to expose dynamic complexity risks and prepare for new and never experienced events.

Uncertainty Advantage

Author : Gary S. Lynch
Publisher : Archway Publishing
ISBN 13 : 1480839388
Total Pages : 196 pages
Book Rating : 4.4/5 (88 download)

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Book Synopsis Uncertainty Advantage by : Gary S. Lynch

Download or read book Uncertainty Advantage written by Gary S. Lynch and published by Archway Publishing. This book was released on 2017-01-12 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk and uncertainty may sound scary, but todays best business leaders are navigating both to gain strategic advantage over competitorsand you can, too. This guide for business leaders examines risk and opportunity through the lens of some of the worlds most respected visionaries, including Howard Schultz, Andy Grove, Peter Huntsman, John Krafcik, Peter Leibinger, Doug Hepper, and many more. These visionaries looked beyond financial performance to see opportunitiesand they did so by understanding uncertainty. Then, they decisively acted to create measurable results that coincided with the future they envisioned. Find out how they did it, and learn how to: identify, define, and convert uncertainty into value; become more opportunistic when facing uncertainty; develop the skill to spot where advantages are likely to emerge; and create an environment where managers and leaders complement each other. Filled with case studies on companies such as Hyundai, Starbucks, Roche, and Intel, this guide delivers proven ways to create value and leverage uncertainty. It is the culmination of a decade of research and interaction with dozens of companies and growth leaders who prove that pursuing a market driven strategy to navigating uncertainty will gain measurable market advantage.

Strategic Leadership in Uncertain Times A Risk Management Approach for Everyone

Author : Maverick Wyatt
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.8/5 (69 download)

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Book Synopsis Strategic Leadership in Uncertain Times A Risk Management Approach for Everyone by : Maverick Wyatt

Download or read book Strategic Leadership in Uncertain Times A Risk Management Approach for Everyone written by Maverick Wyatt and published by . This book was released on 2023-12-04 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Strategic Risk Management and LeadershipIn today's rapidly changing and unpredictable world, strategic risk management and leadership have become essential skills for individuals and organizations alike. The ability to navigate uncertainty and make informed decisions is crucial for success in any industry or sector. This subchapter of "Strategic Leadership in Uncertain Times: A Risk Management Approach for Everyone" aims to provide a comprehensive introduction to the concepts of strategic risk management and leadership, offering valuable insights and practical advice for individuals interested in the fields of strategic management and leadership. Strategic risk management is the process of identifying, assessing, and mitigating potential risks that may impact an organization's ability to achieve its objectives. It involves understanding the internal and external factors that may pose a threat or opportunity to the organization and developing strategies to effectively manage them. Strategic leaders play a vital role in this process by setting the vision, direction, and goals of an organization, while also understanding the potential risks and uncertainties that may arise along the way. This subchapter will explore the key principles and frameworks of strategic risk management, helping individuals develop a strategic mindset that enables them to anticipate and respond to potential risks proactively. It will delve into various risk assessment techniques, such as SWOT analysis, scenario planning, and risk mapping, providing readers with practical tools to identify and evaluate risks effectively. Furthermore, this subchapter will highlight the importance of leadership in managing strategic risks. It will discuss the qualities and skills that strategic leaders need to possess, including adaptability, resilience, and the ability to make informed decisions in uncertain situations. It will also delve into the role of communication and collaboration in strategic risk management, emphasizing the need for open dialogue and alignment of all stakeholders. Lastly, this subchapter will provide real-world examples and case studies to illustrate the application of strategic risk management and leadership in various industries. By examining successful and unsuccessful risk management strategies, readers will gain valuable insights and learn from the experiences of others. Whether you are a seasoned professional or a newcomer to the fields of strategic management and leadership, this subchapter will serve as a valuable resource to enhance your understanding of strategic risk management and leadership. By adopting a risk management approach, individuals can navigate uncertainty with confidence and lead their organizations towards success in uncertain times.

Proactive Risk Management

Author : Guy M. Merritt
Publisher : CRC Press
ISBN 13 : 1482278227
Total Pages : 250 pages
Book Rating : 4.4/5 (822 download)

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Book Synopsis Proactive Risk Management by : Guy M. Merritt

Download or read book Proactive Risk Management written by Guy M. Merritt and published by CRC Press. This book was released on 2020-10-28 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Listed as one of the 30 Best Business Books of 2002 by Executive Book Summaries. Proactive Risk Management's unique approach provides a model of risk that is scalable to any size project or program and easily deployable into any product development or project management life cycle. It offers methods for identifying drivers (causes) of risks so you can manage root causes rather than the symptoms of risks. Providing you with an appropriate quantification of the key factors of a risk allows you to prioritize those risks without introducing errors that render the numbers meaningless. This book stands apart from much of the literature on project risk management in its practical, easy-to-use, fact-based approach to managing all of the risks associated with a project. The depth of actual how-to information and techniques provided here is not available anywhere else.

The Known, the Unknown, and the Unknowable in Financial Risk Management

Author : Francis X. Diebold
Publisher : Princeton University Press
ISBN 13 : 1400835283
Total Pages : 391 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis The Known, the Unknown, and the Unknowable in Financial Risk Management by : Francis X. Diebold

Download or read book The Known, the Unknown, and the Unknowable in Financial Risk Management written by Francis X. Diebold and published by Princeton University Press. This book was released on 2010-04-19 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: A clear understanding of what we know, don't know, and can't know should guide any reasonable approach to managing financial risk, yet the most widely used measure in finance today--Value at Risk, or VaR--reduces these risks to a single number, creating a false sense of security among risk managers, executives, and regulators. This book introduces a more realistic and holistic framework called KuU --the K nown, the u nknown, and the U nknowable--that enables one to conceptualize the different kinds of financial risks and design effective strategies for managing them. Bringing together contributions by leaders in finance and economics, this book pushes toward robustifying policies, portfolios, contracts, and organizations to a wide variety of KuU risks. Along the way, the strengths and limitations of "quantitative" risk management are revealed. In addition to the editors, the contributors are Ashok Bardhan, Dan Borge, Charles N. Bralver, Riccardo Colacito, Robert H. Edelstein, Robert F. Engle, Charles A. E. Goodhart, Clive W. J. Granger, Paul R. Kleindorfer, Donald L. Kohn, Howard Kunreuther, Andrew Kuritzkes, Robert H. Litzenberger, Benoit B. Mandelbrot, David M. Modest, Alex Muermann, Mark V. Pauly, Til Schuermann, Kenneth E. Scott, Nassim Nicholas Taleb, and Richard J. Zeckhauser. Introduces a new risk-management paradigm Features contributions by leaders in finance and economics Demonstrates how "killer risks" are often more economic than statistical, and crucially linked to incentives Shows how to invest and design policies amid financial uncertainty

Strategic Risk Management

Author : Paul C. Godfrey
Publisher : Berrett-Koehler Publishers
ISBN 13 : 1523086971
Total Pages : 336 pages
Book Rating : 4.5/5 (23 download)

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Book Synopsis Strategic Risk Management by : Paul C. Godfrey

Download or read book Strategic Risk Management written by Paul C. Godfrey and published by Berrett-Koehler Publishers. This book was released on 2020-01-21 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a new approach to risk management that enables executives to think systematically and strategically about future risks and deal proactively with threats to their competitive advantages in an ever more volatile, uncertain, complex, and ambiguous world. Organizations typically manage risks through traditional tools such as insurance and risk mitigation; some employ enterprise risk management, which looks at risk holistically throughout the organization. But these tools tend to focus organizational attention on past actions and compliance. Executives need to tackle risk head-on as an integral part of their strategic planning process, not by looking in the rearview mirror. Strategic Risk Management (SRM) is a forward-looking approach that helps teams anticipate events or exposures that fundamentally threaten or enhance a firm's position. The authors, experts in both business strategy and risk management, define strategic risks and show how they differ from operational risks. They offer a road map that describes architectural elements of SRM (knowledge, principles, structures, and tools) to show how leaders can integrate them to effectively design and implement a future-facing SRM program. SRM gives organizations a competitive advantage over those stuck in outdated risk management practices. For the first time, it enables them to look squarely out the front windshield.