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| Author | : Paul J. Sobel |
| Publisher | : |
| Total Pages | : |
| Release | : 2018-03-15 |
| Genre | : |
| ISBN | : 9781634540117 |
ERM expert and author Paul Sobel sheds light on changes to the COSO framework and provides action steps to implement those concepts.
| Author | : Michel Syrett |
| Publisher | : The Economist |
| Total Pages | : 224 |
| Release | : 2014-02-25 |
| Genre | : Business & Economics |
| ISBN | : 1610395131 |
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.
| Author | : Frederick Funston |
| Publisher | : John Wiley & Sons |
| Total Pages | : 368 |
| Release | : 2010-06-03 |
| Genre | : Business & Economics |
| ISBN | : 0470617489 |
A new book to help senior executives and boards get smart about risk management The ability of businesses to survive and thrive often requires unconventional thinking and calculated risk taking. The key is to make the right decisions—even under the most risky, uncertain, and turbulent conditions. In the new book, Surviving and Thriving in Uncertainty: Creating the Risk Intelligent Enterprise, authors Rick Funston and Steve Wagner suggest that effective risk taking is needed in order to innovate, stay competitive, and drive value creation. Based on their combined decades of experience as practitioners, consultants, and advisors to numerous business professionals throughout the world, Funston and Wagner discuss the adoption of 10 essential and practical skills, which will improve agility, resilience, and realize benefits: Challenging basic business assumptions can help identify "Black Swans" and provide first-mover advantage Defining the corporate risk appetite and risk tolerances can help reduce the risk of ruin. Anticipating potential causes of failure can improve chances of survival and success through improved preparedness. Factoring in velocity and momentum can improve speed of response and recovery. Verifying sources and the reliability of information can improve insights for decision making and thus decision quality. Taking a longer-term perspective can aid in identifying the potential unintended consequences of short-term decisions.
| Author | : Richard Friberg |
| Publisher | : MIT Press |
| Total Pages | : 395 |
| Release | : 2015-11-27 |
| Genre | : Business & Economics |
| ISBN | : 026233156X |
A comprehensive framework for assessing strategies for managing risk and uncertainty, integrating theory and practice and synthesizing insights from many fields. This book offers a framework for making decisions under risk and uncertainty. Synthesizing research from economics, finance, decision theory, management, and other fields, the book provides a set of tools and a way of thinking that determines the relative merits of different strategies. It takes as its premise that we make better decisions if we use the whole toolkit of economics and related fields to inform our decision making. The text explores the distinction between risk and uncertainty and covers standard models of decision making under risk as well as more recent work on decision making under uncertainty, with a particular focus on strategic interaction. It also examines the implications of incomplete markets for managing under uncertainty. It presents four core strategies: a benchmark strategy (proceeding as if risk and uncertainty were low), a financial hedging strategy (valuable if there is much risk), an operational hedging strategy (valuable for conditions of much uncertainty), and a flexible strategy (valuable if there is much risk and/or uncertainty). The book then examines various aspects of these strategies in greater depth, building on empirical work in several different fields. Topics include price-setting, real options and Monte Carlo techniques, organizational structure, and behavioral biases. Many chapters include exercises and appendixes with additional material. The book can be used in graduate or advanced undergraduate courses in risk management, as a guide for researchers, or as a reference for management practitioners.
| Author | : Maverick Wyatt |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2023-12-04 |
| Genre | : |
| ISBN | : |
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.
| Author | : Jayet Moon |
| Publisher | : Quality Press |
| Total Pages | : 340 |
| Release | : 2022-10-22 |
| Genre | : Business & Economics |
| ISBN | : 195105833X |
In today's uncertain times, risk has become the biggest part of management. Risk management is central to the science of prediction and decision-making; holistic and scientific risk management creates resilient organizations, which survive and thrive by being adaptable. This book is the perfect guide for anyone interested in understanding and excelling at risk management. It begins with a focus on the foundational elements of risk management, with a thorough explanation of the basic concepts, many illustrated by real-life examples. Next, the book focuses on equipping the reader with a working knowledge of the subject from an organizational process and systems perspective. Every concept in almost every chapter is calibrated to not only ISO 9001 and ISO 31000, but several other international standards. In addition, this book presents several tools and methods for discussion. Ranging from industry standard to cutting edge, each receives a thorough analysis and description of its role in the risk management process. Finally, you'll find a detailed and practical discussion of contemporary topics in risk management, such as supply chain risk management, risk-based auditing, risk in 4.0 (digital transformation), benefit-risk analyses, risk-based design thinking, and pandemic/epidemic risk management. Jayet Moon is a Senior ASQ member and holds ASQ CQE, CSQP, and CQIA certifications. He is also a chartered quality professional in the U.K. (CQP-MCQI). He earned a master's degree in biomedical engineering from Drexel University in Philadelphia and is a Project Management Institute (PMI) Certified Risk Management Professional (PMI-RMP). He is a doctoral candidate in Systems and Engineering Management at Texas Tech University
| Author | : Melodena Stephens |
| Publisher | : Emerald Group Publishing |
| Total Pages | : 274 |
| Release | : 2012-01-10 |
| Genre | : Business & Economics |
| ISBN | : 1780526202 |
Celebrates 'The Academy of International Business - Middle East North Africa' (AIB-MENA) Chapter's second conference themed "Managing in Uncertain Times" in Dubai, UAE. This title focuses on the real business management problems that MENA-based organizations face.
| Author | : Emily Goldman |
| Publisher | : Stanford University Press |
| Total Pages | : 270 |
| Release | : 2011 |
| Genre | : Political Science |
| ISBN | : 0804774331 |
This book examines America's evolving strategy on the international security environment, and comprehensively analyzes how different strategies position states to compete in the present and future, manage risk, and prevail despite uncertainty.
| Author | : Gilles Beneplanc |
| Publisher | : Oxford University Press |
| Total Pages | : 225 |
| Release | : 2011-02-01 |
| Genre | : Business & Economics |
| ISBN | : 0199774218 |
The subprime crisis has shown that the sophisticated risk management models used by banks and insurance companies had serious flaws. Some people even suggest that these models are completely useless. Others claim that the crisis was just an unpredictable accident that was largely amplified by the lack of expertise and even naivety of many investors. This book takes the middle view. It shows that these models have been designed for "tranquil times", when financial markets behave smoothly and efficiently. However, we are living in more and more "turbulent times": large risks materialize much more often than predicted by "normal" models, financial models periodically go through bubbles and crashes. Moreover, financial risks result from the decisions of economic actors who can have incentives to take excessive risks, especially when their remunerations are ill designed. The book provides a clear account of the fundamental hypotheses underlying the most popular models of risk management and show that these hypotheses are flawed. However it shows that simple models can still be useful, provided they are well understood and used with caution.
| Author | : Simon Grima |
| Publisher | : Emerald Group Publishing |
| Total Pages | : 183 |
| Release | : 2022-03-01 |
| Genre | : Business & Economics |
| ISBN | : 1801174288 |
Managing Risk and Decision Making in Times of Economic Distress adds much needed scholarly analysis of the fledgling decision/control approach, arguing the merits of its empirical content to shed light on the structure of capital contracts and rationale for diversity of objectives.
