{"product_id":"the-black-swan-problem-risk-management-strategies-for-a-world-of-wild-uncertainty-hardback-9781119868149","title":"The Black Swan Problem; Risk Management Strategies for a World of Wild Uncertainty (Hardback) 9781119868149","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eThe Black Swan Problem\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eRisk Management Strategies for a World of Wild Uncertainty\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eHakan Jankensgard (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781119868149, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 5 May 2022\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e240 pages\u003cbr\u003e23.1 x 15.8 x 2.8 cm, 0.408 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\u003cb\u003eAn incisive framework for companies seeking to increase their resilience\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIn \u003ci\u003eThe Black Swan Problem: Risk Management Strategies for a World of Wild Uncertainty, \u003c\/i\u003erenowned risk and finance expert Håkan Jankensgård delivers an extraordinary and startling discussion of how firms should navigate a world of uncertainty and unexpected events. It examines three fundamental, high-level strategies for creating resilience in the face of “black swan” risks, highly unlikely but devastating events: insurance, buffering, and flexibility:\u003c\/p\u003e \u003cp\u003eThe author also presents:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eDetailed case studies, stories, and examples of major firms that failed to anticipate Black Swan Problems and, as a result, were either wiped out or experienced a major strategy disruption\u003c\/li\u003e \u003cli\u003eExtending the usual academic focus on individual biases to analyze Swans from an organizational perspective and prime organizations to proactive rather than reactive action\u003c\/li\u003e \u003cli\u003ePractical applications and tactics to mitigate Black Swan risks and protect corporate strategies against catastrophic losses and the collateral damage that they cause\u003c\/li\u003e \u003cli\u003eStrategies and tools for turning Black Swan events into opportunities, reflecting the fact that resilience can be used for strategic advantage\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAn expert blueprint for companies seeking to anticipate, mitigate, and process tail risks, \u003ci\u003eThe Black Swan Problem\u003c\/i\u003e is a must-read for students and practitioners of risk management, executives, founders, managers, and other business leaders.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003ePrologue 3\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: The Swans Revisited 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe nature of randomness 8\u003c\/p\u003e \u003cp\u003eThe Moving Tail 11\u003c\/p\u003e \u003cp\u003eThe role of expectations 16\u003c\/p\u003e \u003cp\u003eWhat makes us suckers? 20\u003c\/p\u003e \u003cp\u003eThe relativity of Black Swans 24\u003c\/p\u003e \u003cp\u003eMeet the preppers 28\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Corporate Swans 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Board’s perspective 31\u003c\/p\u003e \u003cp\u003eSwans attack 33\u003c\/p\u003e \u003cp\u003eStrategy Swans 35\u003c\/p\u003e \u003cp\u003eThe Swan within 39\u003c\/p\u003e \u003cp\u003eThe growth fetish 42\u003c\/p\u003e \u003cp\u003eThe fear factor 47\u003c\/p\u003e \u003cp\u003eThe Chief Executive Swan 49\u003c\/p\u003e \u003cp\u003eSwans on the rise 52\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: The Black Swan Problem 60\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTail risk and firm value 60\u003c\/p\u003e \u003cp\u003eUnderstanding wipeouts 65\u003c\/p\u003e \u003cp\u003eStrategy disruption 71\u003c\/p\u003e \u003cp\u003eAll you zombies 76\u003c\/p\u003e \u003cp\u003eThe affordability issue 78\u003c\/p\u003e \u003cp\u003eThe conundrum 84\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Greeting the Swan 90\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRandomness redux 90\u003c\/p\u003e \u003cp\u003eThe roads not taken 98\u003c\/p\u003e \u003cp\u003eFunctional stupidity 102\u003c\/p\u003e \u003cp\u003eThe Swanmakers 108\u003c\/p\u003e \u003cp\u003eOn tools and models 112\u003c\/p\u003e \u003cp\u003eA Swan radar for the Board 116\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Taming the Swan 122\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDrawing the line 122\u003c\/p\u003e \u003cp\u003eDistance to wipeout 129\u003c\/p\u003e \u003cp\u003eRisk capital 131\u003c\/p\u003e \u003cp\u003eStress testing 140\u003c\/p\u003e \u003cp\u003eThe exit option 146\u003c\/p\u003e \u003cp\u003eResilience vs endurance 150\u003c\/p\u003e \u003cp\u003eQuantitative models 155\u003c\/p\u003e \u003cp\u003eLiquidity is king 162\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Catching the Swan 166\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAntifragility 167\u003c\/p\u003e \u003cp\u003eRestoring the true path 170\u003c\/p\u003e \u003cp\u003eBuying on the cheap 173\u003c\/p\u003e \u003cp\u003eOpportunity capital 176\u003c\/p\u003e \u003cp\u003eFlight to safety 182\u003c\/p\u003e \u003cp\u003eRisk as strategy 187\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Riding the Swan 192\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRisk shifting 192\u003c\/p\u003e \u003cp\u003eA beautiful strategy 199\u003c\/p\u003e \u003cp\u003eFuel for growth 203\u003c\/p\u003e \u003cp\u003eNarcissism redeemed 208\u003c\/p\u003e \u003cp\u003eA tail of two companies 211\u003c\/p\u003e \u003cp\u003eEnd of the ride 215\u003c\/p\u003e \u003cp\u003eSwans to the rescue? 217\u003c\/p\u003e \u003cp\u003eEpilogue 221\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Business \u0026amp; management [\u003ca title=\"See our other books on Business \u0026amp; management\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Business%20\u0026amp;%20management%20%5BKJ%5D%22\"\u003eKJ\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":52501424570648,"sku":"9781119868149","price":23.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781119868149.jpg?v=1786237545","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/the-black-swan-problem-risk-management-strategies-for-a-world-of-wild-uncertainty-hardback-9781119868149","provider":"Freshly Printed Books","version":"1.0","type":"link"}