Hillson Taming the Risk Hurricane

Preparing for Major Business Disruption
1. Auflage 2022
ISBN: 978-1-5230-0051-7
Verlag: Berrett-Koehler Publishers
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 168 Seiten, Format (B × H): 152 mm x 228 mm

A leading expert on risk management describes how to steer your company through a risk hurricane-the extreme risk exposure that can lead to major disruption for your business.


Risk management has become a standard part of the strategic tool kit, providing senior leaders with a forward-looking radar to scan the future and give early warnings of approaching threats and opportunities. However, even best-in-class organizations can falter in the face of extreme risk exposure. Special circumstances demand special responses, and extreme risk exposure needs very careful handling. Routine risk management approaches will fall short, but businesses that demonstrate a high degree of flexibility and resilience will have the competitive advantage and the ability to thrive where others fail.


The causes and consequences of meteorological hurricanes have parallels in the way uncontrolled risk exposure can develop in organizations. Both are caused largely by predictable factors, but both are characterized by sustained uncertainty and severe impact once they develop. If we can learn to predict a risk hurricane, prepare for it effectively, and survive its effects, then our organizations will be well placed to address the challenge of extreme risk exposure, if and when we are unfortunate enough to face it.

Autoren/Hrsg.

Hillson, David

Inhaltsverzeichnis

1. INTRODUCING THE RISK HURRICANE

The hurricane as analogy

Defining the Risk Hurricane

Risk basics


2. PRECONDITIONS

Natural hurricane preconditions

Risk Hurricane preconditions: External environment / Internal environment / Rate of change


3. POTENCY

Categories of natural hurricane

Categories of Risk Hurricane

Using categories


4. PEOPLE

People involved in a natural hurricane

People involved in a Risk Hurricane: Direct impact / Indirect effect / Professional interest


5. PREDICTION

Forecasting natural hurricanes

Forecasting Risk Hurricanes: Modeling risk / Communicating risk / Using risk information


6. PREPAREDNESS

Preparing for a natural hurricane

Preparing for a Risk Hurricane: Identify vulnerabilities / Plan actions / Implement actions


7. POST-EVENT RESPONSES

Recovering from a natural hurricane

Recovering from a Risk Hurricane: Damage assessment / Repairs & rebuilding / Learning lessons


8. PRACTICALITIES

Call to action

Über Autor(innen)

Hillson, David
Dr. David Hillson, the Risk Doctor, is an international thought leader in risk management. He has advised leaders and organizations around the world on how to create value from risk, based on a mature approach to risk management. He also shares his insights regularly through his speaking and writing, based on his motto "Understand deeply so you can explain simply." Dr. Hillson has received many awards for his groundbreaking work in risk management and has developed significant innovations that are now widely accepted as best practice.