000 02563cam a22002175a 4500
008 130916s2014 xx 000 0 eng
020 _a9780199687855
020 _a9780191767333
082 _aER400
100 _aAndersen, Torben Juul
_9312055
245 0 0 _aManaging Risk and Opportunity: the governance of strategic risk-taking
_cAndersen, Torben Juul
260 _bOxford University Press
_c2014
_aUnited Kingdom
300 _axii, 187 p.
520 _aThis book promotes good risk governance and risk management practices to corporate managers, executives, and directors, wherever they operate around the world. The major corporate scandals have their roots in governance failures, pointing to a link between risk governance and good performance outcomes. This topic is timely and of interest both to the academic community and to practicing managers, executives, and directors. The text focuses on contemporary risk leadership issues based on recent research insights but avoids excessive technical language and mathematical formulas. The book is framed around the challenges imposed on executives and directors in dealing with an increasingly complex and unpredictable world. This requires a new risk leadership focus that not only avoids the downside risks but also considers ways to exploit the upside potential offered by a dynamic environment. The underlying logic is built on the principles of financial economics where benefits derive from reducing bankruptcy costs and increasing future cash inflows. This provides a stringent framework for analyzing the effect of different risk management actions and behaviors in effective risk-taking organizations. Hence, the book addresses the potential for upside gains as much as the threats of downside losses that represent the conventional risk perspectives. It states the simple fact that you must be willing to take risk to increase strategic responsiveness and corporate maneuverability. The text builds the arguments in logical steps explicating relevant techniques and practices along the way that invite immediate application and practical thinking. (http://www.oxfordscholarship.com/view/10.1093/acprof:oso/9780199687855.001.0001/acprof-9780199687855?rskey=rRu2gf&result=1)
650 0 _aRisk management
_9312056
650 0 _aOpportunity
_9312057
700 _aGarvey, Maxine
_9312058
700 _aRoggi, Oliviero
_9312059
856 _3E-book
_uhttp://www.oxfordscholarship.com/view/10.1093/acprof:oso/9780199687855.001.0001/acprof-9780199687855?rskey=JtQQEt&result=1
942 _cBK
999 _c193603
_d193603