Time To Rethink Risk Management: Surviving Future Global Crises

Time To Rethink Risk Management: Surviving Future Global Crises
Author: Tony Bendell
Publisher: World Scientific
Total Pages: 185
Release: 2023-03-10
Genre: Business & Economics
ISBN: 9811264503

The purpose of this book is to change thinking about crises and risk. Risk management is today both a great success, an impressive achievement, and a notable failure. It works, and it doesn't work. It saves lives and property, and it fails to save lives and property. It helps and it hinders. Like all such management approaches, this has a lot to do with how it is employed and practiced, but in the case of risk management there is also a much more fundamental issue. The risk management framework, the risk management model, is wrong. Many organisations today treat all risks as point events, when the real risks involve systemic threats inherent in the global economy, and the uncertain nature of global society.The book argues that risk management has come a long way, but that evidence of its more recent failure is now all around us and that it needs to now change dramatically if it is to accommodate current realities. Whilst there is a clear need for us all to manage risk through a crisis, there is a lack of understanding of the nature of crises that is impeding progress. As well as providing a conceptual basis for changing the way risk management is undertaken, the book provides a blueprint for managing at organisational level through a global crisis, and, to a more limited extent, at government and other levels; how to prepare, what to do when it's happening and how and when to emerge into the post-crisis world.

Time to Rethink Risk Management

Time to Rethink Risk Management
Author: Tony Bendell
Publisher: World Scientific Publishing Company
Total Pages: 0
Release: 2023
Genre: Risk management
ISBN: 9789811264481

The purpose of this book is to change thinking about crises and risk. Risk management is today both a great success, an impressive achievement, and a notable failure. It works, and it doesn't work. It saves lives and property, and it fails to save lives and property. It helps and it hinders. Like all such management approaches, this has a lot to do with how it is employed and practiced, but in the case of risk management there is also a much more fundamental issue. The risk management framework, the risk management model, is wrong. Many organisations today treat all risks as point events, when the real risks involve systemic threats inherent in the global economy, and the uncertain nature of global society. The book argues that risk management has come a long way, but that evidence of its more recent failure is now all around us and that it needs to now change dramatically if it is to accommodate current realities. Whilst there is a clear need for us all to manage risk through a crisis, there is a lack of understanding of the nature of crises that is impeding progress. As well as providing a conceptual basis for changing the way risk management is undertaken, the book provides a blueprint for managing at organisational level through a global crisis, and, to a more limited extent, at government and other levels; how to prepare, what to do when it's happening and how and when to emerge into the post-crisis world.

Rethinking Reputational Risk

Rethinking Reputational Risk
Author: Anthony Fitzsimmons
Publisher: Kogan Page Publishers
Total Pages: 336
Release: 2017-01-03
Genre: Business & Economics
ISBN: 0749477377

A company's reputation is one of its most valuable assets, and reputational risk is high on the agenda at board level and amongst regulators. Rethinking Reputational Risk explains the hidden factors which can both cause crises and tip an otherwise survivable crisis into a reputational disaster. Reputations are lost when the perception of an organization is damaged by its behaviour not meeting stakeholder expectations. Rethinking Reputational Risk lays bare the actions, inactions and local 'states of normality' that can lead to perception-changing consequences and gives readers the insight to recognize and respond to the risks to their reputations. Using case studies, such as BP's Deepwater Horizon oil spill, Volkswagen's emissions rigging scandal, Tesco, AIG, EADS Airbus A380, and Mid-Staffordshire NHS Hospital Trust, and analysis of their failures, this hard-hitting guide also applies lessons drawn from behavioural economics to the behavioural risks that underlie reputation risk. An essential read for risk professionals, business leaders and board members who need to understand and deal with business-critical threats to their reputation, this book presents a new framework that will be invaluable for all involved in safeguarding an organization's reputation.

Flood Risk Change

Flood Risk Change
Author: Andreas Paul Zischg
Publisher: Elsevier
Total Pages: 316
Release: 2022-08-30
Genre: Science
ISBN: 012823010X

Flood Risk Change: A Complexity Perspective focuses on the dynamic nature of flood risks and follows a systemic approach - including environmental, socioeconomic and socio-technical factors for modeling and managing flood risk change. Readers will gain a more complete picture of the topic for understanding the complexity of flood risk change, both from human and natural causes of flooding. The book includes a mix of theory (introduction to complex system science from the flood risk management perspective) and case studies. It features maps and figures focusing on the system components as well as on the dynamic interactions between the drivers of change. Researchers studying flood risk, environmental engineering, disaster risk reduction, and land use, as well as those in industry and responsible for policy, will find this an invaluable resource. - Comprehensive overview of key drivers of change, including both natural drivers and socioeconomic drivers - Presents different modeling frameworks and setups for considering complexity in flood risk analysis and management - Includes both theoretical research and practical applications as told through case studies

Fundamentals of Risk Analysis and Risk Management

Fundamentals of Risk Analysis and Risk Management
Author: Vlasta Molak
Publisher: CRC Press
Total Pages: 491
Release: 1996-11-26
Genre: Law
ISBN: 1439821976

This book bridges the gap between the many different disciplines used in applications of risk analysis to real world problems. Contributed by some of the world's leading experts, it creates a common information base and language for all risk analysis practitioners, risk managers, and decision makers. Valuable as both a reference for practitioners and a comprehensive textbook for students, Fundamentals of Risk Analysis and Risk Management is a unique contribution to the field. Its broad coverage ranges from basic theory of risk analysis to practical applications, risk perception, legal and political issues, and risk management.

Portfolio Management

Portfolio Management
Author: Ginger Levin, PMP, PgMP
Publisher: CRC Press
Total Pages: 372
Release: 2014-10-15
Genre: Business & Economics
ISBN: 1482251043

Recognizing the importance of selecting and pursuing programs, projects, and operational work that add sustainable business value that benefits end users, the Project Management Institute (PMI®) issued its first Standard on Portfolio Management in 2006. In 2014, it launched the Portfolio Management Professional (PfMP®) credential—which several of the experts who contributed to this book earned—to recognize the advanced expertise required of practitioners in the field. Presenting information that is current with The Standard for Portfolio Management, Third Edition (2013); Portfolio Management: A Strategic Approach supplies in-depth treatment of the five domains and identifies best practices to ensure the organization has a balanced portfolio management that is critical to success. Following PMI’s standard, the book is organized according to its five domains: strategic alignment, governance, portfolio performance management, portfolio risk management, and portfolio communications management. Each chapter presents the insight of different thought leaders in academia and business. Contributors from around the world, including the Americas, Europe, the Middle East, Africa, and Australia, supply a global perspective as to why portfolio management is essential for all types of organizations. They provide guidelines, examples, and models to consider, along with discussion and analysis of relevant literature in the field. Most chapters reference PMI standards, complement their concepts, and expand on the concepts and issues that the standards mention in passing or not at all. Overall, this is a must-have resource for anyone pursuing the PfMP® credential from PMI. For executives and practitioners in the field, it provides the concepts you will need to address the ever-changing complexities that impact your work. This book is also suitable as a textbook for universities offering courses on portfolio management.

Human Resource Management, 10th Edition

Human Resource Management, 10th Edition
Author: Raymond J. Stone
Publisher: John Wiley & Sons
Total Pages: 665
Release: 2020-12-14
Genre: Business & Economics
ISBN: 0730385353

The new edition of Raymond Stone’s Human Resource Management is an AHRI endorsed title that has evolved into a modern, relevant and practical resource for first-year HRM students. This concise 14-chapter textbook gives your students the best chance of transitioning successfully into their future profession by giving them relatable professional insights and encouragement to exercise their skills in authentic workplace scenarios. Complementary to your courses, with well written conceptual content, Stone’s 10th Edition will save you research and assessment prep time with a host of case studies that cement learnings and get students thinking critically.

The Power of Resilience

The Power of Resilience
Author: Yosef Sheffi
Publisher: MIT Press
Total Pages: 484
Release: 2015-09-11
Genre: Business & Economics
ISBN: 0262029790

This work focuses on deep-tier risks, corporate social responsibility risks, cybersecurity risks, global raw material risks, long-term disruptions, business continuity planning, risk and disruption detection, and the potential for systemic disruptions.

Private Security

Private Security
Author: Charles P. Nemeth
Publisher: CRC Press
Total Pages: 959
Release: 2022-12-28
Genre: Social Science
ISBN: 1000711943

Private Security: An Introduction to Principles and Practice, Second Edition explains foundational security principles—defining terms and outlining the increasing scope of security in daily life—while reflecting current practices of private security as an industry and profession. The book looks at the development and history of the industry, outlines fundamental security principles, and the growing dynamic and overlap that exists between the private sector security and public safety and law enforcement—especially since the events of 9/11. Chapters focus on current practice, reflecting the technology-driven, fast-paced, global security environment. Such topics covered include security law and legal issues, risk management, physical security, human resources and personnel considerations, investigations, institutional and industry-specific security, crisis and emergency planning, computer, and information security. A running theme of this edition is highlighting—where appropriate—how security awareness, features, and applications have permeated all aspects of our modern lives. Key Features: Provides current best practices detailing the skills that professionals, in the diverse and expanding range of career options, need to succeed in the field Outlines the unique role of private sector security companies as compared to federal and state law enforcement responsibilities Includes key terms, learning objectives, end of chapter questions, Web exercises, and numerous references—throughout the book—to enhance student learning Critical infrastructure protection and terrorism concepts, increasingly of interest and relevant to the private sector, are referenced throughout the book. Threat assessment and information sharing partnerships between private security entities public sector authorities—at the state and federal levels—are highlighted. Private Security, Second Edition takes a fresh, practical approach to the private security industry’s role and impact in a dynamic, ever-changing threat landscape.

Fundamentals of Enterprise Risk Management

Fundamentals of Enterprise Risk Management
Author: John Hampton
Publisher: AMACOM
Total Pages: 322
Release: 2009-08-05
Genre: Business & Economics
ISBN: 0814414931

This one-stop guide provides you with the tools and information you need to keep their twenty-first-century organizations as blissfully risk-free as possible. Risk in business cannot be avoided--but that doesn’t mean there isn’t a better way to work through it. The problem is that most risk management strategies, books, and experts are based on outdated concepts, technologies, and markets. Since the 2008 financial crisis that set the baseline for the roller-coaster market we deal with today, combined with the constantly changing developments in technology and communications, modern-day risk management demands dealing with up-to-the-minute approaches for defending against threats. Extensively updated, the second edition of Fundamentals of Enterprise Risk Management examines the latest technologies such as Riskonnect and High Tech Electronic Platform (HTEP), and helps you: recognize both internal and external exposures, understand crucial concepts such as risk mapping and risk identification, and align risk opportunities with their organization's business model. Packed with practical exercises and fresh case studies from organizations such as IBM, Microsoft, Apple, JPMorgan Chase, and Sony, this invaluable resource is key to assessing company risk, managing exposure, and seizing opportunities.