Risk Management in Turbulent Times

Risk Management in Turbulent Times
Author: Gilles Beneplanc
Publisher: Oxford University Press
Total Pages: 363
Release: 2011-08-05
Genre: Business & Economics
ISBN: 0199339929

The subprime crisis has shown that the sophisticated risk management models used by banks and insurance companies had serious flaws. Some people even suggest that these models are completely useless. Others claim that the crisis was just an unpredictable accident that was largely amplified by the lack of expertise and even naivety of many investors. This book takes the middle view. It shows that these models have been designed for "tranquil times", when financial markets behave smoothly and efficiently. However, we are living in more and more "turbulent times": large risks materialize much more often than predicted by "normal" models, financial models periodically go through bubbles and crashes. Moreover, financial risks result from the decisions of economic actors who can have incentives to take excessive risks, especially when their remunerations are ill designed. The book provides a clear account of the fundamental hypotheses underlying the most popular models of risk management and show that these hypotheses are flawed. However it shows that simple models can still be useful, provided they are well understood and used with caution.

Global Risk

Global Risk
Author: Sean Cleary
Publisher: Palgrave MacMillan
Total Pages: 296
Release: 2007-06-05
Genre: Business & Economics
ISBN:

In today's rapidly changing and increasingly complex business world, successful risk management is the key to survival and success. Business leaders are increasingly facing different kinds of risk, from those traditionally associated with the market- project risks, competitive risks, and currency risks, to a set of new, more hazardous threats. Businesses in the Twenty-First century face a range of global risks. These are having an increasingly large impact on the activities of individual firms. While ten or fifteen years ago, risks flowing from civil unrest, climate change, terrorism or pandemics had a very limited effect on business, this is no longer the case. Risks beyond the control of the firm affect businesses more than ever before. Risk is the business of business, and the fundamental job of executives is to anticipate change and manage it on the basis of an opinion about the future. Those who don't take and manage risks properly lose ground and are eventually driven out.

Risk From the CEO and Board Perspective: What All Managers Need to Know About Growth in a Turbulent World : What All Managers Need to Know About Growth in a Turbulent World

Risk From the CEO and Board Perspective: What All Managers Need to Know About Growth in a Turbulent World : What All Managers Need to Know About Growth in a Turbulent World
Author: Mary Pat McCarthy
Publisher: Mcgraw-hill
Total Pages: 256
Release: 2003-11-17
Genre: Business & Economics
ISBN: 9780071434713

What all managers need to know about growth in a turbulent world Especially in these turbulent times, good risk management is about exploiting opportunities for growth while protecting value already created. To do this, corporate leaders must, first and foremost, learn to manage the chain of cause and effect between risk and shareholder value. Now Risk shows them how. As vice chairs of the international consulting giant KPMG L.L.P., authors Mary Pat McCarthy and Tim Flynn are uniquely qualified to offer executives and senior managers this ultimate primer on risk and its optimization and management. Packed with case studies and exclusive interviews with executives of many Fortune 500 companies Explores the most successful risk management strategies now in use internationally and offers prescriptions for adapting them to any company

Risk Management in Turbulent Times

Risk Management in Turbulent Times
Author: Gilles Beneplanc
Publisher: OUP USA
Total Pages: 225
Release: 2011-08-05
Genre: Business & Economics
ISBN: 0199774080

The risk management models used by banks and insurance companies are designed for when financial markets behave smoothly and efficiently. However, large risks materialize very often, and financial markets periodically go through bubbles and crashes. This book provides a road map of the most popular models of risk management and shows how they can be adapted to "turbulent times."

Business Planning for Turbulent Times

Business Planning for Turbulent Times
Author: Rafael Rami ́rez
Publisher: Earthscan
Total Pages: 313
Release: 2012
Genre: Business & Economics
ISBN: 1849770646

The world is increasingly turbulent and complex, awash with disruptions, tipping points and knock-on effects. These range from the impacts of warfare in the Middle East on energy futures, investment and global currencies to the vast and unpredictable impacts of climate change. All this threatens established strategic planning methods.This book is for business and organizational leaders who want and need to think through how best to deal with increasing turbulence, and with the complexity and uncertainty that come with it. The authors explain in clear language how future orientation and, specifically, modern scenario techniques help to address these conditions. They draw on examples from a wide variety of international settings and circumstances including large corporations, inter-governmental organizations, small firms and municipalities. Readers will be inspired to try out scenario approaches themselves to better address the turbulence that affects them and others with whom they work, live and do business. A key feature of the book is the exchange of insights across the academic-practitioner divide. Scholars of scenario thinking and organizational environments will appreciate the authors' conceptual and methodological advances. What has previously remained jargon only accessible to the highest level of corporate and government futures planners here becomes comprehensible to a wider business and practitioner community.

Knowledge Risk Management

Knowledge Risk Management
Author: Susanne Durst
Publisher: Springer Nature
Total Pages: 266
Release: 2020-02-04
Genre: Business & Economics
ISBN: 3030351211

This book provides an in-depth introduction to knowledge risk management (KRM) as well as methods, tools and cases to address knowledge risk management issues in both the public and private sector. It focuses on the integration of knowledge risks into the holistic risk management of organizations. In addition, this book is accompanied by an external website that includes additional checklists, videos and company cases. The combination of a sound theoretical framework along with practical instruments, tools and ancillary materials makes this book a unique, interactive book for professionals, managers, and executives as well as students, academics and policy makers.

Managing Performance in Turbulent Times

Managing Performance in Turbulent Times
Author: Ed Barrows
Publisher: John Wiley & Sons
Total Pages: 295
Release: 2011-10-21
Genre: Business & Economics
ISBN: 1118161688

Straightforward playbook for executing world-class strategy for tangible results Designed with three key ideas: leverage the tools that are working, simplify the model, and make the content readable for managers, Managing Performance in Turbulent Times is a road map for the modern strategy manager. Through their simplified execution process the authors—performance management experts—show executives how to get results and execute even in the most difficult conditions. Addresses importance of adaptability to change within today's business environment Explores the environmental turbulence that constantly confounds virtually all organizational systems, with workable solutions Provides a streamlined execution process any organization can use to improve business results Managers need tools to do their jobs better. Filled with proven solutions, this book reveals how to get results through successful strategy execution, presenting a process that will help your organization execute strategy in a simplified, efficient manner.

Risk Management in Finance

Risk Management in Finance
Author: Anthony Tarantino
Publisher: John Wiley and Sons
Total Pages: 495
Release: 2009-04-15
Genre: Business & Economics
ISBN: 0470485256

Implement next-generation techniques-before disaster strikes—and improve operation risk management "The recent global economic crisis has brought home the need for realistic operational risk management as an important element of an organization's survival strategy in turbulent times. In Risk Management in Finance Dr. Tarantino and his coauthors provide an operational risk framework for the twenty-first-century organization by culling the state-of-the-arts knowledge on next-generation techniques in financial risk management to forestall major risk management failures. This book represents a landmark contribution in attempting to create a corporate world that is able to cope with major crisis. The book should be on the must read list for all those interested in reforming corporate governance." —Dr. Anwar Shah, Lead Economist and Program Leader, Governance, World Bank Institute "As operational risk management advances, interest in process-centered risk management has grown. This timely book presents a valuable overview of leading-edge theory and practice." —Simon Wills, Executive Director, Operational Riskdata eXchange Association (ORX), the world's largest banking association for sharing operational loss data