Resilience to Risk: Business Success in Turbulent Times

Name: Resilience to Risk: Business Success in Turbulent Times
Brand: Human & Rousseau
SKU: 9780798146203-V
Price: 4.69 EUR
Availability: OutOfStock
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By Sean Cleary

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Description

In an interconnected world, characterised by accelerating change and increasing complexity, successful risk management is a primary ingredient for survival and success. Resilience to risk will equip business and political leaders with the foresight and flexibility to deal with the challenges and the chances that events throw their way. Increasingly, business leaders face many different kinds of risk, ranging from those that are traditionally within the canvas of the firm (project risks, competitive risks, industry risks, currency risks and the like) to a set of new, more dangerous risks. Today, firms have instruments and procedures to deal successfully with most of the traditional business risks. Businesses in the 21st century, however, face an array of risks that arise from the close connections between different elements in complex systems and are perhaps global in scope. In essence these are, in traditional terms, 'nonbusiness risks' that 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 (such as HIV/AIDS and avian flu) had a very limited effect on business, this is no longer the case. Indeed, in a flattening and shrinking world, exogenous risks, beyond the control of the firm, affect business 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. The title is written for the businessperson who has to deal with risk in a business context, the government minister or official who grapples with the challenges of a turbulent environment in making or implementing policy, the teacher or lecturer in disciplines from international relations to business administration who has to put events and human reactions into context, to help students make sense of them.

Product details

Binding:: Paperback
Number of Pages:: 255
Publication Date:: 2006
Publisher:: Human & Rousseau
Languages:: Published: English
ISBN10:: 0798146206

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