{"product_id":"surviving-and-thriving-in-uncertainty-creating-the-risk-intelligent-enterprise-hardback-9780470247884","title":"Surviving and Thriving in Uncertainty; Creating The Risk Intelligent Enterprise (Hardback) 9780470247884","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eSurviving and Thriving in Uncertainty\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eCreating The Risk Intelligent Enterprise\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eFrederick Funston (Author), Stephen Wagner (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780470247884, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 16 April 2010\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e368 pages, Drawings: 15 B\u0026amp;W, 0 Color; Tables: 19 B\u0026amp;W, 0 Color\u003cbr\u003e23.1 x 15.8 x 3.6 cm, 0.567 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\"The authors propose a more holistic approach of \"risk intelligence,\" in which leaders acknowledge and prepare for a wide range of potential threats. The authors isolate ten essential risk intelligence skills-such as abandoning familiar assumptions, anticipating causes of failure, and sustaining operational discipline-and provide in-depth guidelines for how executives and board members can hone these skills. They understand that there is no reward without risk - but only if the risks are properly managed.\" (\u003ci\u003eBizEd\u003c\/i\u003e, July\/August 2010)\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\u003cb\u003eA new book to help senior executives and boards get smart about risk management\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe 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.\u003c\/p\u003e \u003cp\u003eIn 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.\u003c\/p\u003e \u003cp\u003eBased 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:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eChallenging basic business assumptions can help identify \"Black Swans\" and provide first-mover advantage\u003c\/li\u003e \u003cli\u003eDefining the corporate risk appetite and risk tolerances can help reduce the risk of ruin.\u003c\/li\u003e \u003cli\u003eAnticipating potential causes of failure can improve chances of survival and success through improved preparedness.\u003c\/li\u003e \u003cli\u003eFactoring in velocity and momentum can improve speed of response and recovery.\u003c\/li\u003e \u003cli\u003eVerifying sources and the reliability of information can improve insights for decision making and thus decision quality.\u003c\/li\u003e \u003cli\u003eTaking a longer-term perspective can aid in identifying the potential unintended consequences of short-term decisions.\u003c\/li\u003e \u003c\/ul\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003eForeword xv\u003c\/p\u003e \u003cp\u003ePreface xix\u003c\/p\u003e \u003cp\u003eIntroduction xxi\u003c\/p\u003e \u003cp\u003eConventional Risk Management xxi\u003c\/p\u003e \u003cp\u003eA Risk Intelligent Approach xxii\u003c\/p\u003e \u003cp\u003eThe Approach of This Book xxiii\u003c\/p\u003e \u003cp\u003eThe Structure of This Book xxv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I \u003c\/b\u003e\u003cb\u003eWhen Risks Become Brutal Realities 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 \u003c\/b\u003e\u003cb\u003eTo Survive and Thrive: A Matter of Judgment 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Revolving Door to the Corner Office 4\u003c\/p\u003e \u003cp\u003eBarriers to Board Effectiveness 8\u003c\/p\u003e \u003cp\u003eThe Imperatives of the Enterprise 11\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 \u003c\/b\u003e\u003cb\u003eConventional Risk Management Has Failed 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Goes Up Must Come Down 19\u003c\/p\u003e \u003cp\u003eThe Evolution of Finance, Market, and Risk Management Theory 24\u003c\/p\u003e \u003cp\u003eTaking a (Random) Walk 26\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 \u003c\/b\u003e\u003cb\u003eAn Unconventional Approach to Risk Management 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCalculated Risk Taking Creates Value 35\u003c\/p\u003e \u003cp\u003eCalculated Risk Taking and Risk Aversion 44\u003c\/p\u003e \u003cp\u003eRisk Intelligence: An Unconventional Approach 46\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II \u003c\/b\u003e\u003cb\u003eTen Essential Risk Intelligence Skills 51\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 \u003c\/b\u003e\u003cb\u003eCheck Your Assumptions at the Door 53\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFatal Flaw #1: Failing to Challenge Your Assumptions 55\u003c\/p\u003e \u003cp\u003eRisk Intelligence Skill #1: Check Your Assumptions at the Door 61\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 \u003c\/b\u003e\u003cb\u003eMaintain Constant Vigilance 73\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFatal Flaw #2: Lack of Vigilance 73\u003c\/p\u003e \u003cp\u003eRisk Intelligence Skill #2: Maintain Constant Vigilance 83\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 \u003c\/b\u003e\u003cb\u003eFactor in Velocity and Momentum 93\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFatal Flaw # 3: Failure to Consider Velocity and Momentum 95\u003c\/p\u003e \u003cp\u003eRisk Intelligence Skill #3: Factor in Velocity and Momentum 101\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 \u003c\/b\u003e\u003cb\u003eManage the Key Connections 111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFatal Flaw #4: Failure to Make Key Connections and Manage Complexity 112\u003c\/p\u003e \u003cp\u003eRisk Intelligence Skill #4: Manage Your Key Connections 117\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 \u003c\/b\u003e\u003cb\u003eAnticipate Causes of Failure 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFatal Flaw #5: Failure to Anticipate Failure 132\u003c\/p\u003e \u003cp\u003eRisk Intelligence Skill #5: Anticipate Causes of Failure 137\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 \u003c\/b\u003e\u003cb\u003eVerify Sources and Corroborate Information 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFatal Flaw #6: Failure to Verify Sources and Corroborate Information 150\u003c\/p\u003e \u003cp\u003eRisk Intelligence Skill # 6: Verify Sources and Corroborate Information 158\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 \u003c\/b\u003e\u003cb\u003eMaintain a Margin of Safety 165\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFatal Flaw #7: Failing to Maintain a Margin of Safety 166\u003c\/p\u003e \u003cp\u003eRisk Intelligence Skill #7: Maintain a Margin of Safety 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 \u003c\/b\u003e\u003cb\u003eSet Your Enterprise Time Horizons 183\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFatal Flaw #8: Short-Termism 184\u003c\/p\u003e \u003cp\u003eRisk Intelligence Skill #8: Set Your Enterprise Time Horizons 190\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 \u003c\/b\u003e\u003cb\u003eTake Enough of the Right Risks 203\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFatal Flaw #9: Failure to Take Enough of the Right Risks 204\u003c\/p\u003e \u003cp\u003eRisk Intelligence Skill #9: Taking Enough of the Right Risks 208\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 \u003c\/b\u003e\u003cb\u003eSustain Operational Discipline 219\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCase Example: The U.S. Submarine Force 220\u003c\/p\u003e \u003cp\u003eFatal Flaw #10: Lack of Operational Discipline 222\u003c\/p\u003e \u003cp\u003eRisk Intelligence Skill #10: Develop and Sustain Operational Discipline 227\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III \u003c\/b\u003e\u003cb\u003eCreating the Risk Intelligent Enterprise 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 \u003c\/b\u003e\u003cb\u003eRisk Intelligence Is Free 237\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Closer Look at Costs 239\u003c\/p\u003e \u003cp\u003eThe Rewards of Risk Intelligence 253\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 \u003c\/b\u003e\u003cb\u003eRisk Intelligent Governance 257\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Risk Intelligent Board 258\u003c\/p\u003e \u003cp\u003eCommittees of the Board and Risk Intelligence 271\u003c\/p\u003e \u003cp\u003eWhere Does Risk Oversight End and Risk Management Begin? 277\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 \u003c\/b\u003e\u003cb\u003eRisk Intelligent Enterprise Management 281\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eERM and Risk Intelligence 282\u003c\/p\u003e \u003cp\u003eDeveloping Risk Intelligent Enterprise Management 284\u003c\/p\u003e \u003cp\u003eAct as One 287\u003c\/p\u003e \u003cp\u003eA New Way of Doing Business 291\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 \u003c\/b\u003e\u003cb\u003eThe Way Forward: Creating the Risk Intelligent Enterprise 293\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Benefits of Improved Risk Intelligence 294\u003c\/p\u003e \u003cp\u003eWhat’s Your Enterprise Risk IQ? 295\u003c\/p\u003e \u003cp\u003eMaking the Transformation 298\u003c\/p\u003e \u003cp\u003eConclusion 304\u003c\/p\u003e \u003cp\u003eNotes 307\u003c\/p\u003e \u003cp\u003eAbout the Authors 325\u003c\/p\u003e \u003cp\u003eIndex 327\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52509196026136,"sku":"9780470247884","price":20.19,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780470247884_183692.jpg?v=1786497212","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/surviving-and-thriving-in-uncertainty-creating-the-risk-intelligent-enterprise-hardback-9780470247884","provider":"Freshly Printed Books","version":"1.0","type":"link"}