Strategic Risk Management | New Tools for Competitive Advantage in an Uncertain Age

Paul C Godfrey (u. a.)

ISBN 10: 1523086955 ISBN 13: 9781523086955
Published by Berrett-Koehler Publishers, 2020
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Strategic Risk Management | New Tools for Competitive Advantage in an Uncertain Age | Paul C Godfrey (u. a.) | Buch | Einband - fest (Hardcover) | Englisch | 2020 | Berrett-Koehler Publishers | EAN 9781523086955 | Verantwortliche Person für die EU: Libri GmbH, Europaallee 1, 36244 Bad Hersfeld, gpsr[at]libri[dot]de | Anbieter: preigu. Seller Inventory # 116715846

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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 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.

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Bibliographic Details

Title: Strategic Risk Management | New Tools for ...
Publisher: Berrett-Koehler Publishers
Publication Date: 2020
Binding: Buch
Condition: Neu

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Godfrey, Paul C.; Lauria, Emanuel; Bugalla, John; Narvaez, Kristina
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Hardcover. Condition: new. Hardcover. 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.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. "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"-- Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781523086955

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