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Surviving and Thriving in Uncertainty
Book

Surviving and Thriving in Uncertainty

Creating the Risk Intelligent Enterprise

Wiley, 2010 more...


Editorial Rating

8

Qualities

  • Innovative
  • Applicable

Recommendation

Hurricanes, earthquakes, floods, economic crises, political uprisings, financial panics: These “once-in-a-lifetime” events seem to be occurring with increasing regularity, and companies are scrambling to stay abreast. Risk management practices can protect your firm’s assets, but surviving a corporate ordeal is no longer enough; today, firms must grow and thrive amid ambiguity, information overload and, often, chaos. Consultants Frederick Funston and Stephen Wagner show you how to upgrade your risk management to “risk intelligence” so you can find opportunities amid crises. They interviewed military professionals, first responders, mountain climbers and astronauts, along with business leaders, to get the inside track on what dealing with risk for a living is like. Their book presents knowledge that may be familiar to informed readers, but the authors package it in a user-friendly format, interspersing their ideas with interview excerpts, case studies and useful questions to guide firms in undertaking new risk intelligence efforts. getAbstract recommends their work to directors, CEOs and risk managers.

Take-Aways

  • “Once-in-a-lifetime crises” now occur with increasing and frightening regularity.
  • Conventional risk management prevents loss, but “risk intelligence” breeds gains.
  • “Unrewarded risks” could subject your firm to harm if they go awry, but “rewarded risks” lead to opportunity and the creation of new value.

About the Authors

Stephen Wagner recently retired from Deloitte & Touche LLP, where Frederick Funston is a principal. Funston pioneered the concept of risk intelligence.


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    J. C. 1 decade ago
    Wagner and Funston challenge my thinking about risk taking. Great examples are referenced from which we all can learn...