Overview

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.

Full Product Details

9781523086955

Table of Contents

Reviews

“The C-suite needs this outstanding book. Well written, with numerous apt examples, it provides a reliable guide to closing the gap between strategy and execution that bedevils so many company leaders.” —Thomas H. Stanton, author of Why Some Firms Thrive While Others Fail   “A fine book . . . the critical component of SRM success is 100 percent about the collaboration between the risk team and the rest of the organization.” —Hans Læssøe, former Risk Officer, LEGO Corporation   “Strategic risk management—many aspire to it, yet few know how to actually implement it. This book changes that. Strategic Risk Management is full of insights, information, and tools, illustrated with business stories and analysis that effectively convey a clear road map to help executives answer the question, How can we see and respond to the future better? —Carrie Frandsen, Systemwide Enterprise Risk Management Director, University of California   “This book is a must-read for anyone working in the area of strategic risk management (SRM). The authors present innovative new ideas and tools for SRM, together with many insightful examples of companies that have successfully and unsuccessfully faced strategic risks. These real-world examples bring the book to life, and it was a pleasure to read! —Betty J. Simkins, Regents Professor, Williams Companies Chair, and Department Head of Finance, Spears School of Business, Oklahoma State University

The C-suite needs this outstanding book. Well written, with numerous apt examples, it provides a reliable guide to closing the gap between strategy and execution that bedevils so many company leaders. --Thomas H. Stanton, author of Why Some Firms Thrive While Others Fail A fine book . . . the critical component of SRM success is 100 percent about the collaboration between the risk team and the rest of the organization. --Hans Laessoe, former Risk Officer, LEGO Corporation Strategic risk management--many aspire to it, yet few know how to actually implement it. This book changes that. Strategic Risk Management is full of insights, information, and tools, illustrated with business stories and analysis that effectively convey a clear road map to help executives answer the question, How can we see and respond to the future better? --Carrie Frandsen, Systemwide Enterprise Risk Management Director, University of California This book is a must-read for anyone working in the area of strategic risk management (SRM). The authors present innovative new ideas and tools for SRM, together with many insightful examples of companies that have successfully and unsuccessfully faced strategic risks. These real-world examples bring the book to life, and it was a pleasure to read! --Betty J. Simkins, Regents Professor, Williams Companies Chair, and Department Head of Finance, Spears School of Business, Oklahoma State University

The C-suite needs this outstanding book. Well written, with numerous apt examples, it provides a reliable guide to closing the gap between strategy and execution that bedevils so many company leaders. -Thomas H. Stanton, author of Why Some Firms Thrive While Others Fail A fine book . . . the critical component of SRM success is 100 percent about the collaboration between the risk team and the rest of the organization. -Hans Laessoe, former Risk Officer, LEGO Corporation Strategic risk management-many aspire to it, yet few know how to actually implement it. This book changes that. Strategic Risk Management is full of insights, information, and tools, illustrated with business stories and analysis that effectively convey a clear road map to help executives answer the question, How can we see and respond to the future better? -Carrie Frandsen, Systemwide Enterprise Risk Management Director, University of California This book is a must-read for anyone working in the area of strategic risk management (SRM). The authors present innovative new ideas and tools for SRM, together with many insightful examples of companies that have successfully and unsuccessfully faced strategic risks. These real-world examples bring the book to life, and it was a pleasure to read! -Betty J. Simkins, Regents Professor, Williams Companies Chair, and Department Head of Finance, Spears School of Business, Oklahoma State University

Author Information

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.

Tab Content 6

Customer Reviews

Recent Reviews

Countries Available