Strategic Leadership In Uncertain Times A Risk Management Approach For Everyone

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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.

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.

Managing Uncertainty

Author : Michel Syrett
Publisher : The Economist
ISBN 13 : 1610395131
Total Pages : 224 pages
Book Rating : 4.6/5 (13 download)

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Book Synopsis Managing Uncertainty by : Michel Syrett

Download or read book Managing Uncertainty written by Michel Syrett and published by The Economist. This book was released on 2014-02-25 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing uncertainty has become a new business imperative. Technological discontinuities, regulatory upheavals, geopolitical shocks, abrupt shifts in consumer tastes or behavior, and many other factors have emerged or intensified in recent years and together conspire to undermine even the most carefully constructed business strategies. Managing Uncertainty: Strategies for Surviving and Thriving in Turbulent Times addresses these new challenges, assessing the sources of business turbulence, how to classify uncertainty, and the different ways in which uncertainty can be embraced to allow greater innovation and growth. Drawing on examples from around the world, the book presents the most recent ideas on what it means to manage uncertainty, from practitioners, academics, and consultants. Addresses the challenges of managing uncertainty in business Presents a step-by-step guide to managing business uncertainty Draws examples from major international companies, including Intel, Procter & Gamble, Siemens, Boeing, Quinetiq, Philips, China Telecom, Ford, Apple, Shell, Glaxo SmithKline and many more Written for business leaders and managers looking for new ways to ensure that their businesses continue to thrive in a world of increasing complexity, Managing Uncertainty presents new and innovative ideas about reducing risk by understanding difficult-to-predict shifts.

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.

Strategic Risk Leadership

Author : Torben Juul Andersen
Publisher : Routledge
ISBN 13 : 1000442136
Total Pages : 206 pages
Book Rating : 4.0/5 (4 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 2021-09-26 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: This casebook extends Strategic Risk Leadership: Engaging a World of Risk, Uncertainty and the Unknown, bringing theory and practice grounded in the first book to life with an array of applicable, real-world examples. The book enables critical thinking about the current state of risk management and ERM, demonstrating contemporary shortcomings and challenges from real-life cases drawn from a global selection of well-known organizations. It confronts modern risk management practices and discusses what leaders should do to deal with unpredictable environments. Providing a basis for developing more effective risk management approaches, the book identifies shortcomings of contemporary approaches to risk management and specifies how to deal with the major risks we face today, illuminated by a variety of comprehensive global examples. It also provides valuable insights on these approaches for managers and leaders in general—including risk executives and chief risk officers—as well as advanced risk management students. End-of-chapter cases illustrate both good and bad risk management approaches as useful inspiration for reflective risk leaders. This book will be a hugely valuable resource for those studying or teaching risk management.

Masters of Uncertainty

Author : Rainer Petek
Publisher :
ISBN 13 : 9780648980902
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 2020-11 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In leadership there are times when we must simply break the mould and smash the comfortable paradigms that keep us locked in old thinking, delivering outdated results. Rainer Petek demonstrates not only how to do this, but why it is imperative to throw off our heavy rucksacks, let go of that last handhold in the form of management habits and grow through our greatest challenges. Come on a journey of change, learn new wisdom through hundreds of Rainer's personal climbing experiences as a catalyst for your own change and breakthrough leadership. Transformation takes courage. It can be terrifying at times, but inspirational when positive change happens, in any organisation, in even the most challenging of circumstances. This book is like no other. It's your opportunity to experience transformational leadership growth through stunning images which support the many powerful metaphors and lessons. An inspiring way to help all leaders and their teams to facilitate their own way of looking at themselves and their organisations.

The Imperfectionists

Author : Robert McLean
Publisher : John Wiley & Sons
ISBN 13 : 1119835674
Total Pages : 199 pages
Book Rating : 4.1/5 (198 download)

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Book Synopsis The Imperfectionists by : Robert McLean

Download or read book The Imperfectionists written by Robert McLean and published by John Wiley & Sons. This book was released on 2023-04-12 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world is changing faster and faster, with increasing uncertainty and threat of disruption in every business and nonprofit segment. Conventional approaches to strategy development and problem solving no longer work—there is no stable industry or market equilibrium structure that we will return to “when change abates.” Most company planning processes are fantasy; market conditions are changing too quickly for arm-chair strategizing to be useful. As a consequence, many management teams are stuck in a wait-and-see posture in response to extreme uncertainty in the post-Covid environment, while others are making panicky bets, including ‘leap before you look’ acquisitions. In this sequel to their Amazon-bestseller, Bulletproof Problem Solving, Conn and McLean introduce a novel approach to strategic problem solving. Based on a decade of research and 30 new case studies, The Imperfectionists posits a dynamic approach to developing organizational direction under uncertainty based on harnessing six reinforcing strategic mindsets, which they call curiosity, dragonfly eye, occurrent behaviour, collective wisdom, imperfectionism, and show and tell. Imperfectionists are curious, they look at problems from several perspectives, and gather new data and approaches, including from outside their current industry. They deliberately step into risk, proceeding through trial and error, utilizing nimble low consequence and reversible moves to deepen their understanding of the unfolding game being played, and to build capabilities. They accept ambiguity and some apparent failures in exchange for improved learning and market position. Imperfectionists succeed with dynamic, real time strategic problem solving, confidently moving forward while others wait for certainty, or make impetuous and foolish bets. These strategic mindsets for solving tough problems in uncertain times help you fight decision biases and give you the data to develop informed strategies to win. In the fast changing world we all find ourselves in, being an imperfectionist is a critical advantage for you and your organization.

Uncertainty Advantage

Author : Gary S. Lynch
Publisher : Archway Publishing
ISBN 13 : 1480839388
Total Pages : 176 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 176 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.

Leading with Strategic Thinking

Author : Aaron K. Olson
Publisher : Wiley
ISBN 13 : 9781119988717
Total Pages : 0 pages
Book Rating : 4.9/5 (887 download)

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Book Synopsis Leading with Strategic Thinking by : Aaron K. Olson

Download or read book Leading with Strategic Thinking written by Aaron K. Olson and published by Wiley. This book was released on 2023-10-24 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hone your ability to make strategic leadership decisions in a volatile and complex world In the revised and updated edition of Leading with Strategic Thinking, a team of leadership and strategy experts deliver an incisive and engaging approach leaders can use to make better decisions and drive strategic change. Rooted in academic research and tested with over three thousand leaders around the world, this practical book reveals how the most effective leaders and organizations gain insight, make good choices, and manage risk. Building on strategies introduced in their first book, Leading with Strategic Thinking, this new work offers the latest guidance on navigating the extreme volatility inherent in today’s commercial markets, as well as new actions, strategies, and tools rooted in a four-part framework that helps match the right leadership approach to a given situation. You’ll also find: Case studies featuring the hands-on, in-depth tactics real leaders use to handle a wide variety of contexts and situations Tools and techniques strategic leaders will find helpful as they address challenges inherent in volatile and uncertain environments Insights drawn from the latest research and thinking at leading universities Principles to inform a personal action plan for being more strategic in an increasingly uncertain world A can’t-miss resource for managers, executives, and other business leaders, the revised and updated edition of Leading with Strategic Thinking will also earn a place in the libraries of people just beginning a new career and consultants who regularly work with organizations and teams of all kinds.

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.

Care to Dare

Author : George Kohlrieser
Publisher : John Wiley & Sons
ISBN 13 : 1118361288
Total Pages : 345 pages
Book Rating : 4.1/5 (183 download)

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Book Synopsis Care to Dare by : George Kohlrieser

Download or read book Care to Dare written by George Kohlrieser and published by John Wiley & Sons. This book was released on 2012-05-29 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: Have you ever been led by someone who cared for you like family, and dared you to achieve more than you ever thought possible for yourself, your organization, and even society? Award-winning author of Hostage at the Table, George Kohlrieser, along with his co-authors Susan Goldsworthy and Duncan Coombe, explain how becoming a secure base leader releases extraordinary potential in others. Part of the Warren Bennis leadership series Care to Dare shows you how to become a Secure Base Leader so that you release your followers from the fears that get in the way of their performance. It shows you how you can unleash astonishing potential by building the trust, delivering the change, and inspiring the focus that underpins sustainable high performance. From extensive interviews with executives from all over the world, as well as from surveys with more than a thousand executives, the book reveals the nine characteristics that Secure Base Leaders display on a daily basis. The research shows that a primary difference between a successful leader and a failed leader is the presence or absence of secure bases in his or her life. Care to Dare will take you on a journey where you will discover your own secure bases, past and present, and determine how you can be a secure base for other people in your life at work and at home.

Managing in a VUCA World

Author : Oliver Mack
Publisher : Springer
ISBN 13 : 3319168894
Total Pages : 268 pages
Book Rating : 4.3/5 (191 download)

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Book Synopsis Managing in a VUCA World by : Oliver Mack

Download or read book Managing in a VUCA World written by Oliver Mack and published by Springer. This book was released on 2015-07-15 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines volatility, uncertainty, complexity and ambiguity (VUCA) and addresses the need for broader knowledge and application of new concepts and frameworks to deal with unpredictable and rapid changing situations. The premises of VUCA can shape all aspects of an organization. To cover all areas, the book is divided into six sections. Section 1 acts as an introduction to VUCA and complexity. It reviews ways to manage complexity, while providing examples for tools and approaches that can be applied. The main focus of Section 2 is on leadership, strategy and planning. The chapters in this section create new approaches to handle VUCA environments pertaining to these areas including using the Tetralemma logics, tools from systemic structural constellation (SySt) approach of psychotherapy and organizational development, to provide new ideas for the management of large strategic programs in organizations. Section 3 considers how marketing and sales are affected by VUCA, from social media’s influence to customer value management. Operations and cost management are highlighted in Section 4. This section covers VUCA challenges within global supply chains and decision-oriented controlling. In Section 5 organizational structure and process management are showcased, while Section 6 is dedicated to addressing the effects of VUCA in IT, technology and data management. The VUCA forces present businesses with the need to move from linear modes of thought to problem solving with synthetic and simultaneous thinking. This book should help to provide some starting points and ideas to deal with the next era. It should not be understood as the end of the road, but as the beginning of a journey exploring and developing new concepts for a new way of management.

Strategy Leadership & Management -- During Uncertain Times

Author : Kevin Vince Fernando
Publisher :
ISBN 13 : 9789810828615
Total Pages : 89 pages
Book Rating : 4.8/5 (286 download)

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Book Synopsis Strategy Leadership & Management -- During Uncertain Times by : Kevin Vince Fernando

Download or read book Strategy Leadership & Management -- During Uncertain Times written by Kevin Vince Fernando and published by . This book was released on 2009 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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.

The Strategist's Toolkit

Author : Asher Shadowborne
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.2/5 (236 download)

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Book Synopsis The Strategist's Toolkit by : Asher Shadowborne

Download or read book The Strategist's Toolkit written by Asher Shadowborne and published by . This book was released on 2023-11-28 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Strategist's Toolkit: Navigating Turbulent Waters" is a comprehensive guide that equips leaders with the essential tools and techniques to navigate through the challenges of an ever-changing world. This book explores the intricacies of strategic decision-making, crisis management, risk assessment, and change management, providing a practical framework for effective leadership in uncertain times. Drawing upon real-world case studies and insights from industry experts, this book empowers leaders to anticipate disruptions, make informed decisions, communicate and manage change, and foster resilience and innovation within their organizations. Whether you're a seasoned executive or an emerging leader, "The Strategist's Toolkit" is your indispensable guide to achieving long-term success. In "The Strategist's Toolkit: Navigating Turbulent Waters," leaders will find a comprehensive resource that provides the necessary tools and techniques to navigate through the challenges of an ever-changing world. This book covers a wide range of topics, including strategic decision-making, crisis management, risk assessment, and change management. With real-world case studies and insights from industry experts, leaders will gain the knowledge and skills to anticipate disruptions, make informed decisions, effectively communicate and manage change, and foster resilience and innovation within their organizations. Whether you're an experienced executive or a rising leader, "The Strategist's Toolkit" is an invaluable resource for achieving long-term success. Navigating through turbulent waters requires strategic leadership, and "The Strategist's Toolkit: Navigating Turbulent Waters" provides leaders with the essential tools and techniques to do just that. This comprehensive guide explores the intricacies of strategic decision-making, crisis management, risk assessment, and change management, offering a practical framework for effective leadership in uncertain times. With real-world case studies and insights from industry experts, leaders will learn how to anticipate and prepare for disruptions, make informed decisions under pressure, effectively communicate and manage change, and foster resilience and innovation within their organizations. Whether you're a seasoned executive or an emerging leader, "The Strategist's Toolkit" is the ultimate resource for navigating turbulent waters and achieving long-term success.

Strategic Risk Management

Author : Paul C. Godfrey
Publisher : National Geographic Books
ISBN 13 : 1523086955
Total Pages : 0 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 National Geographic Books. This book was released on 2020-01-21 with total page 0 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.

How New Risk Management Helps Leaders Master Uncertainty

Author : Robert B. Pojasek
Publisher :
ISBN 13 : 9781949991604
Total Pages : 106 pages
Book Rating : 4.9/5 (916 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 . This book was released on 2019-07-03 with total page 106 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.