At Your Own Risk!: How the Risk-Conscious Culture Meets the Challenge of Business Change - Hardcover

Lynch, Gary S.

Hardcover

ISBN 10: 0470259418 ISBN 13: 9780470259412

Publisher: Wiley, 2008

Synopsis

Based on over thirty years of experience, recognized industry leader Gary Lynch reveals in this essential guide a game plan to identify and manage a range of risks faced in this brave new globalized world of changing market dynamics and complex high-tech value networks. This groundbreaking book articulates an experienced-based and spot-on assessment of risk management realities that all corporations should make core to their corporate cultures.

About this title

About the Author

Gary S. Lynch, CISSP, is a recognized thirty-year industry veteran worldwide, with leadership positions in the operational, supply chain, and IT risk management profession. He has held risk executive positions at Chase Manhattan Bank and Prudential. While serving as a global leader at Marsh and a partner at Booz Allen Hamilton, he pioneered leading-edge methodologies to transform their business supply chain, operational, IT, and continuity risk management programs. He has contributed to the World Economic Forum Global Risk Report, been a panel member with the World Customs Organization and The Albright Group at the New Reality of Risk Forum, and was a speaker at the 2007 Secure Trade in APEC Region conference. He has appeared on the Discovery/Equinox Channel, NBC Nightly News, CNBC, and the ABC broadcast network and has been published in the Wall Street Journal, CEO Magazine, Financial IT Decisions, CIO Insight, The Asset (Asia Pacific), and Business Review Weekly.

From the Back Cover

Praise for At Your Own Risk

"Every global company faces risks from all sides: competition, earthquakes, pandemics, or the practices of suppliers far down their value chain. Gary Lynch knows how hundreds of companies handle―or mishandle―risks, and he explains how the best of them find opportunities in the risks they face."
―Madeleine Albright, former United States Secretary of State

"Although many corporate boards and managers understand that success means accepting risk, they believe they have dealt with the problem by mathematical modeling. They are dangerously wrong. In a globalized, just-in-time world of cascading technological change, terrorism, and sophisticated crime, a setback can metastasize quickly into a catastrophe. Gary Lynch, a real risk management pro, brilliantly spells out in specific cases why this is so, and how we can begin to cope with this new world of risk on steroids."
―R. James Woolsey, former Director of Central Intelligence

"Gary Lynch articulates an experienced-based, well-reasoned, and spot-on assess-ment of risk management realities that all corporations, large or small, should embrace and make core to their corporate cultures. A one-of-a-kind guide for identifying and assessing real risks and their impacts if left untended."
―Dave Carpenter, Vice President for Global Security, PepsiCo and former Assistant Secretary of State for Diplomatic Security

"Lynch confronts the critical issues of identifying and managing diverse risks in today's complex and interdependent global marketplace. Board members, senior executives, and line managers should use this book as a sanity/reality check and challenge their organizations risk readiness. All will find his practical insight and guidance invaluable."
―Craig Goldman, director on numerous public and private boards and former CIO, Chase Manhattan Bank

"As business tries to maximize profits and increase market share they create change in their structure. This book provides insight for all levels of management on how to identify, reduce, or minimize those exposures caused by this change. This is a must-read for all levels of management. "
―Michael Liebowitz, past president of the Risk and Insurance Management Society (RIMS), Inc., and Director of Insurance and Risk Management, New York University

From the Inside Flap

At Your Own Risk: How the Risk-Conscious Culture Meets the Challenge of Business Change

Value chains. They define how your business is changing today due to globalization, tech-nological advances, competition, outsourcing, and reliance on global interdependency. They also spell out how effectively your company identifies and manages risks―such as product failures, environmental disasters, intellectual property theft, paralyzing snowstorms, pandemic fears, skills shortages, reckless lending policies, terrorism, identity and technological theft, industrial espionage, and new technology exploits―that challenge your organization's resiliency.

Whether in the boardroom or on the trading floor, rapid change without a value-aligned and well-defined process for managing risks and establishing a risk-conscious culture is a recipe for disaster. How can your organization manage risk in this new environment? At Your Own Risk shows you how, with practical advice to ensure that you are prepared to overcome or prevent risks resulting from inevitable changes and global events.

Based on over thirty years of experience as a practitioner, consultant, and advisor to CEOs and executive managers throughout the world and in many different industries, recognized industry leader Gary Lynch reveals in this essential guide a game plan to identify and manage a range of risks faced in this brave new globalized world of changing market dynamics and complex high-tech value networks. With practical and proven advice on creating a risk-conscious culture―from the mailroom clerk to the board of directors―this groundbreaking book explores:

• Identifying changes that have significantly impacted the risk profile

• Why every organization, regardless of size, is more vulnerable in today's business environment

• How your business must rethink its attitudes about potential losses in order to survive in the future?

• A complete set of internal and external resources and processes needed to create and sustain value for your organization

• How every level of change makes your organization potentially vulnerable

• The benefits of a value chain risk management (VCRM) approach

• How your organization can develop an action plan, prioritize activities, budget its cost, execute the plan to manage a range of risks effectively, and create a risk- conscious culture

Relevant, timely, and filled with real-world action plans, At Your Own Risk provides case studies, interviews, and solutions from business, operational, and IT leaders worldwide that every organization and executive can put into action to ensure an organization protected from future disaster.

Edition details

• Publisher: Wiley
• Publication date: 2008
• Language: English
• ISBN 10: 0470259418
• ISBN 13: 9780470259412
• Binding: Hardcover
• Edition number: 1
• Number of pages: 256