Strategic Risk

A guide for directors

Häftad, Engelska, 2006

1 359 kr

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The success of enterprises can often be attributed to their successful management of strategic risk. Conversely, failure to manage strategic risk can lead to often catastrophic consequences - Enron, Arthur Anderson, Kvaerner and Equitable Life were all seriously affected by a failure to think sufficiently about strategic risk.Most organisations have well embedded procedures for assessing and mitigating project and operational risks. Strategic risks are an order of magnitude greater and, by their very nature, involve a wider range of uncertainty and the interaction between a large number of factors, with major benefits accruing from managing them well and often dire consequences from the failure to manage them effectively.This major new printed guide and CD, compiled by a group of industry experts working under the auspices of the DTI, the Institution of Civil Engineers and the Actuarial Profession, presents in a succinct and cogent way a recommended approach to the management of strategic risk, STRATrisk, and an explanation of how to apply the approach.Among the practical steps recommended are:examination of the key processes already embedded in the organisation to see whether they contain hidden strategic risksadequate follow-through from risk identificationthe use of tools such as horizon scanning, concept mapping, pattern recognition and risk groupingThe CD amplifies the information contained in the printed guide and provides video clips and a number of case studies.i

Produktinformation

Utgivningsdatum2006-05-05
Mått210 x 297 x 6 mm
Vikt124 g
FormatHäftad
SpråkEngelska
Antal sidor32
FörlagEmerald Publishing Limited
ISBN9780727734679

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Contents of the printed bookWhy read this guide? Why is strategic risk different? Recommended approach•involvement of the board•culture•communication•the feedback process•organisation for managing risk Applying the approach•management of strategic risk •foreseeable risks•unforeseeable risks and uncertainty•responding to strategic risks•managing unexpected situations Useful tools•horizon scanning •concept mapping•pattern recognition•risk grouping ConclusionAppendix 1: Self-assessment checkAppendix 2: Checklist of strategic risksAppendix 3:Further readingAppendix 4:Contents of CD-ROM, Template for ChangeContents of the CD-ROMIntroduction•10 minute video introduction•overview•how to use the CD guide Aims of the STRATrisk project•project ambition•our approach•project partners•project timeframe Project phases•methodology•literature review•main findings•industry workshops•PowerPoint presentation•feedback to industry•engagement and testing concepts with Boards•conclusions and recommendations Enabling processes and technologies•the ten-step process•risk hierarchies•concept mapping•pattern recognition and networks•horizon scanning•project risk guidance – RAMP Underpinning knowledge•systems thinking•complexity science•strategy and scenario planning•decision support science•change development Video clips•Introduction to STRATrisk (Einstein video)•Make change early to avoid risk (Peter Birch), courtesy of 50 Lessons•You can never get rid of risk (Sir Peter Middleton), courtesy of 50 Lessons •Decision explorer, courtesy of Banxia NA Appendices•semi-structured research questionnaire•cultural questionnaire•case studies on risk from Reading University•self-assessment check