Strategic Risk Management: New Tools for Competitive Advantage in an Uncertain Age - Hardcover

Paul C. Godfrey

Hardcover

ISBN 10: 1523086955 ISBN 13: 9781523086955

Publisher: Berrett-Koehler Publishers, 2020

Synopsis

This book provides a set of tools to help executives think systematically and strategically about future risks in an ever more uncertain and rapidly changing world and deal proactively with threats to their competitive advantages.

Most organizations manage risk using Enterprise Risk Management, which looks at past exposures or actuarial assessments to identify calculable and predictable threats. But the world is changing so quickly, and in such unexpected ways, that executives need to tackle risk head-on as an integral part of their strategic planning process. Strategic Risk Management is a far more forward-looking approach that emphasizes future potential over past actions--it's the next step in the evolution of risk management. The authors describe its foundational architectural elements (knowledge, principles, structures, and tools) and show how leaders can integrate them to design and implement an effective Strategic Risk Management program. This book aims to provide executives with a clear understanding of how to think about strategy in ways that account for events or exposures that fundamentally threaten or enhance a firm's competitive advantage.

About this title

About the Author

Paul C. Godfrey is the William and Roceil Low Professor of Business Strategy in the Marriott School of Management at Brigham Young University.

Emanuel Lauria, DBA, is chief executive officer of KB Risk Solutions and has over thirty years of risk management and insurance industry experience.

John Bugalla has over twenty years of experience as an Enterprise and Strategic Risk Management consultant--he has advised such companies as Exelon Corporation, Digital Realty Trust, Gildan, and PQ Corporation.

Kristina Narvaez is the owner of ERM Strategies LLC, an Enterprise Risk Management and Strategy research and consulting firm.

Edition details

• Publisher: Berrett-Koehler Publishers
• Publication date: 2020
• Language: English
• ISBN 10: 1523086955
• ISBN 13: 9781523086955
• Binding: Hardcover
• Number of pages: 288