Managing High-Stakes Risk

Managing High-Stakes Risk

Author: M. Jablonowski

Publisher: Springer

Published: 2009-10-09

Total Pages: 173

ISBN-13: 023025120X

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The threat we face from high-stakes risk has never been higher. These challenges include environmental pollution, fragile financial systems and the threat of widespread geopolitical violence. This book suggests that a return to natural risk levels – those in accordance with naturally occurring background levels – is both desirable and achievable.


Taking Smart Risks: How Sharp Leaders Win When Stakes are High

Taking Smart Risks: How Sharp Leaders Win When Stakes are High

Author: Doug Sundheim

Publisher: McGraw Hill Professional

Published: 2013-01-04

Total Pages: 273

ISBN-13: 0071778209

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In today’s market, playing it safe is not an option Lead your company to sustainable success by taking the RIGHT RISKS The business world is in flux, and you have to think and act quickly in order to stay competitive. But the last thing you want to do is make reckless business decisions. You have to find the middle ground. You have to take SMART RISKS. In this groundbreaking book, leadership expert Doug Sundheim explains how to find that precise point between comfort and danger for generating the sustained ability to work at the highest level of performance. Taking Smart Risks reveals the secrets to discovering, planning for, and acting upon the kind of risks that will move your company forward and ahead of the competition. Learn how to: Find Something Worth Fighting For—What do you care enough about to risk time, energy, and money to try to make happen? Determining this is half the battle. See the Future Now—Clarify your big idea in terms of real objectives, plans, and intended results. Act Fast, Learn Fast—Make your move quickly, but be sure you don’t squander valuable resources in the process. Communicate Powerfully—Assume communication will break down at points, plan accordingly—and don’t shy away from the tough conversations. Create a Smart Risk Culture— Build teams that share the same mindsets and values about expected smart risk behavior. Applying Sundheim’s advice will help you let go of old assumptions, explore new possibilities, move your organization out of its comfort zone, and experience long-term success. When you take smart risks, you will create. You will innovate. You will grow. And you will WIN. “From Sherwin Williams to Moo.com, Doug Sundheim is onto something here: your work is worth fighting for. A worthy read for everyone in your organization.” —Seth Godin, Author, The Icarus Deception “The risk-taking concepts in this book lie at the heart of effective leadership. Using case studies and stories from executives who have ‘been there, done that,’ Doug Sundheim teaches us that sometimes the most dangerous thing to do—in business and life—is to play it safe.” —Marshall Goldsmith, million-selling author of the New York Times bestsellers MOJO and What Got You Here Won’t Get You There “Sundheim delivers a message that every business needs to hear right now: excessive risk will kill you, but so will complacency. . . . If you’re charged with driving growth in your organization, buy this book—but more importantly, use it.” —Jed Hartman, Group Publisher, Fortune & CNNMoney.com “A spectacular book! The stories were powerful, the advice was crystal clear, and every few pages called me to action. I have bookmarked more pages in Taking Smart Risks than I have in any book since reading Peter Drucker’s classics.” —Michael Hejtmanek, President & CEO, Hasselblad Bron Inc. “Doug Sundheim does an excellent job of demonstrating not only how to take smart risks, but also how to lead the process of risk-taking—a critical skill set for leaders today.” —Cindy Zollinger, President & CEO, Cornerstone Research “A compelling case for why smart risk taking is so important in today’s fast-paced, uncertain world.” —Willie Pietersen, Professor, Columbia Business School; former CEO, Tropicana and Seagram USA


Precautionary Risk Management

Precautionary Risk Management

Author: M. Jablonowski

Publisher: Springer

Published: 2006-07-28

Total Pages: 181

ISBN-13: 023062765X

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Dealing with high-stakes risk potentials is dependent on getting to grips with easy to understand, yet difficult to apply, criteria for decision. With a fresh, honest approach, this book shows why scientific assessments of catastrophic risk based on averages don't work, and sets the stage for making the tough choice between precaution and fatalism.


Intelligent Analysis

Intelligent Analysis

Author: Jay Grusin

Publisher:

Published: 2021-06

Total Pages:

ISBN-13: 9781737301905

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Making good decisions involving high stakes and uncertainty requires a significantly different mindset from an organization's default decision-making process, which is typically dictated by culture, hierarchy, personalities, data, and haste. The methods described in this book, honed over decades by the US Intelligence Services, emphasize discipline, objectivity, diversity, reason, and transparency. Most importantly, they don't interfere with the way your organization makes its high-stakes decisions. Instead, they add a protective layer of analytics that either validates a good decision, or exposes the flaws which could lead to catastrophic consequences. Regardless of your organization's risk tolerance, these methods will show you where a high-stakes decision you have to make lies on the uncertainty spectrum and what, if any, actions you can take to nudge the needle to the left.


Issues in Insurance and Risk Management: 2013 Edition

Issues in Insurance and Risk Management: 2013 Edition

Author:

Publisher: ScholarlyEditions

Published: 2013-05-01

Total Pages: 485

ISBN-13: 1490109927

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Issues in Insurance and Risk Management / 2013 Edition is a ScholarlyEditions™ book that delivers timely, authoritative, and comprehensive information about Risk Management. The editors have built Issues in Insurance and Risk Management: 2013 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Risk Management in this book to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Issues in Insurance and Risk Management: 2013 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.


Managing Operational Risk

Managing Operational Risk

Author: Douglas G. Hoffman

Publisher: John Wiley & Sons

Published: 2002-01-25

Total Pages: 580

ISBN-13: 9780471412687

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"Managing Operational Risk" ist ein maßgeblicher Leitfaden zum Handling des operativen Risikos in Finanzinstituten. Als operatives Risiko bezeichnet man das Risiko für mögliche unerwartete Verluste, die auf Systemfehler, nicht adäquate interne Steuerungs- und Kontrollmechanismen sowie auf menschliches Versagen und höhere Gewalt zurückzuführen sind. Erläutert werden hier alle grundsätzlichen Fragen, angefangen bei einer ausführlichen Definition des Begriffs operatives Risiko, bis hin zu Entwurf und Implementierung anspruchsvoller Riskmanagement-Systeme. Darüber hinaus werden neueste Verfahren zur Erstellung von Computermodellen ebenso erörtert wie führende Methoden zur Integration von Legacy Systemen für die Bewertung und Erfassung operativer Risiken. "Managing Operational Risk" ist ein sachlich-prägnanter Ratgeber zur Bewertung und Minimierung des operativen Risikos. Geschrieben von Douglas Hoffman, einem international führenden Experten auf diesem Gebiet. Mit zahlreichen Fallstudien zu Spitzenfinanzinstitutionen weltweit.


A Practical Introduction to Homeland Security

A Practical Introduction to Homeland Security

Author: Bruce Oliver Newsome

Publisher: Rowman & Littlefield

Published: 2020-03-17

Total Pages: 407

ISBN-13: 1538125668

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This text provides students with a practical introduction to the concepts, structure, politics, law, hazards, threats, and practices of homeland security everywhere, focusing on US “homeland security,” Canadian “public safety,” and European “domestic security.” It is a conceptual and practical textbook, not a theoretical work. It is focused on the knowledge and skills that will allow the reader to understand how homeland security is and should be practiced. Globalization, population growth, migration, technology, aging infrastructure, and the simple trend to higher expectations are making homeland security more challenging. Yes, homeland security really is a global problem. The hyperconnectivity of today’s world has reduced the capacity of the United States to act unilaterally or to solve homeland risks from within the borders alone. Newsome and Jarmon explain the relevant concepts, the structural authorities and responsibilities that policymakers struggle with and within which practitioners must work, the processes that practitioners and professionals choose between or are obliged to use, the actual activities, and the end-states and outputs of these activities. Moreover, this book presents the concept of homeland security as an evolving experience rather than an artifact of life since 2001. It is a profession that requires some forming from the ground up as well as the top down.


Bank Risk Management in Developing Economies

Bank Risk Management in Developing Economies

Author: Leonard Onyiriuba

Publisher: Academic Press

Published: 2016-10-04

Total Pages: 670

ISBN-13: 0128093595

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Bank Risk Management in Developing Economies: Addressing the Unique Challenges of Domestic Banks provides an up-to-date resource on how domestically-based banks in emerging economies can provide financial services for all economic sectors while also contributing to national economic development policies. Because these types of bank are often exposed to risky sectors, they are usually set apart from foreign subsidiaries, and thus need risk models that foreign-based banks do not address. This book is the first to identify these needs, proposing solutions through the use of case studies and analyses that illustrate how developing economic banking crises are often rooted in managing composite risks. The book represents a departure from classical literature that focuses on assets, liabilities, and balance sheet management, by which developing economy banks, like their counterparts elsewhere, have not fared well. - Contains fifty cases that reinforce risk management best practices - Provides a consistent chapter format that includes abstract, keywords, learning focus, and outcomes - Summaries, questions, and glossaries conclude each chapter


Managing Risk and Uncertainty

Managing Risk and Uncertainty

Author: Richard Friberg

Publisher: MIT Press

Published: 2015-11-13

Total Pages: 395

ISBN-13: 0262528193

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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.


Implementing Enterprise Risk Management

Implementing Enterprise Risk Management

Author: James Lam

Publisher: John Wiley & Sons

Published: 2017-03-13

Total Pages: 332

ISBN-13: 1118235363

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A practical, real-world guide for implementing enterprise risk management (ERM) programs into your organization Enterprise risk management (ERM) is a complex yet critical issue that all companies must deal with in the twenty-first century. Failure to properly manage risk continues to plague corporations around the world. ERM empowers risk professionals to balance risks with rewards and balance people with processes. But to master the numerous aspects of enterprise risk management, you must integrate it into the culture and operations of the business. No one knows this better than risk management expert James Lam, and now, with Implementing Enterprise Risk Management: From Methods to Applications, he distills more than thirty years' worth of experience in the field to give risk professionals a clear understanding of how to implement an enterprise risk management program for every business. Offers valuable insights on solving real-world business problems using ERM Effectively addresses how to develop specific ERM tools Contains a significant number of case studies to help with practical implementation of an ERM program While Enterprise Risk Management: From Incentives to Controls, Second Edition focuses on the "what" of ERM, Implementing Enterprise Risk Management: From Methods to Applications will help you focus on the "how." Together, these two resources can help you meet the enterprise-wide risk management challenge head on—and succeed.