Title Statements
- Full title :Winning with Risk Management.
Summary
This book develops the notion that companies can succeed on the basis of risk management, much as companies compete on efficiency, costs, labor, location, and other dimensions. The reality of risk and how it impacts companies is that it is much more definite, often catastrophic and looks more like a shock. This is striking, as a difference between firms on risk different than a marginal difference in operating efficiencies, for example. Competing on Risk Management requires a discipline, a commitment to using information and recognizing shocks and then acting upon those to redistribute assets.
Read More ↓Edition Statements
- Publication Date:2013.
Publication Statements
- Publisher(s):World scientific Publishing Company
- Place of Publication:Singapore
- Language:eng
- Publication Date:2013.
Notes
Recognize your competencies and seek an outside partner to transfer those operational risks.
The Physical Object
- Description:1 online resource (257 pages).
Edition Identifiers
- ISBN:9814383880, 9789814383882
- oclc:on1058226012
- LC Classification:HD61 .W3543 2013
- Dewey Decimal:658.15/5
Table of Contents
About the Author; Acknowledgement; Overview; Introduction; Contents; Chapter 1. Introduction to Risk; What Is Risk?; Risk and Uncertainty; Risk and Volatility; Concepts of Risk in Business; Probability of occurrence; Impact; Complexity and unpredictability; Opportunity to control or in.uence; The Many Dimensions of Risk; Explicit risk; Implicit risk; Finite risk; Persistent risk; Risk Combinations; Absolute risk; Embedded risk; Strategic or industry risk; Infinite risk; Preferences in Risk Types; Overview of Business Risks; Chapter 2. Overview of Risk Decisions; Market Risk; Credit Risk.
Operational RiskRisk Contagion; Reputational Risk; Regulatory Risk; Risk Severity and Frequency; Low frequency and low severity; High frequency and low severity; Low frequency and high severity; High frequency and high severity; Making Risk Decisions and Deploying Capital; Chapter 3. Dealing With Shocks-Large Scale Risks Impacting Markets and Industries; Case Questions; Chapter 4. Operations Pose Embedded Risks to the Enterprise; Fire at the Plant -- Hazard as a Trigger for Operational Risk; Damage Assessment -- Seeking Disconfirming Information.
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