Global Risk Agility and Decision Making: Organizational Resilience in the Era of Man-Made Risk - Hardcover

Wagner, Daniel; Disparte, Dante

Hardcover

ISBN 10: 1349948594 ISBN 13: 9781349948598

Publisher: Palgrave Macmillan, 2016

Synopsis

In Global Risk Agility and Decision Making, Daniel Wagner and Dante Disparte, two leading authorities in global risk management, make a compelling case for the need to bring traditional approaches to risk management and decision making into the twenty-first century. 

Based on their own deep and multi-faceted experience in risk management across numerous firms in dozens of countries, the authors call for a greater sense of urgency from corporate boards, decision makers, line managers, policymakers, and risk practitioners to address and resolve the plethora of challenges facing today's private and public sector organizations.

Set against the era of man-made risk, where transnational terrorism, cyber risk, and climate change are making traditional risk models increasingly obsolete, they argue that remaining passively on the side-lines of the global economy is dangerous, and that understanding and actively engaging the world is central to achieving risk agility. Their definition of risk agility taps into the survival and risk-taking instincts of the entrepreneur while establishing an organizational imperative focused on collective survival.

The agile risk manager is part sociologist, anthropologist, psychologist, and quant. Risk agility implies not treating risk as a cost of doing business, but as a catalyst for growth. Wagner and Disparte bring the concept of risk agility to life through a series of case studies that cut across industries, countries and the public and private sectors. The rich, real-world examples underscore how once mighty organizations can be brought to their knees―and even their demise by simple miscalculations or a failure to just do the right thing. The reader is offered deep insights into specific risk domains that are shaping our world, including terrorism, cyber risk, climate change, and economic resource nationalism, as well as a frame of reference from which to think about risk management and decision making in our increasingly complicated world.

This easily digestible book will shed new light on the often complex discipline of risk management. Readers will learn how risk management is being transformed from a business prevention function to a values-based framework for thriving in increasingly perilous times. From tackling governance structures and the tone at the top to advocating for greater transparency and adherence to value systems, this book will establish a new generation of risk leader, with clarion voices calling for greater risk agility. The rise of agile decision makers coincides with greater resilience and responsiveness in the era of man-made risk.

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Table of Contents:

*PART ONE: THE RISK MANAGEMENT CONUNDRUM

1. Risk Management in a Global World. 2. Risk Management as a Process. 3. The Risk Continuum. 4. Complexity Reduction. 5. Three Dimensional Risk Management.

*PART TWO: THE GLOBAL RISK LABYRINTH

6. Terrorism. 7. Economic and Resource Nationalism. 8. Climate Change. 9. Cyber Risk. 10. Corporate Social Responsibility. 11. Country Risk Management. 

*PART THREE: EFFECTIVE DECISION MAKING

12. Transactional Risk Management. 13. Anticipatory Risk Management. 14. From Cost to Catalyst. 15. Risk Governance. 16. Conclusion.

About this title

About the Author

Daniel Wagner is CEO of Country Risk Solutions -a cross-border risk advisory firm based in Connecticut (USA). Daniel has been across-border risk management professional in the private and public sectors since 1988, having worked for (among others) AIG, GE, the Asian Development Bank, and World Bank Group. He is considered an authority on country risk analysis, has published more than 700 articles on risk management and current affairs, and is a regular contributor to The National Interest, South China Morning Post, and Sunday Guardian, and many others. His other books are: The America-China Divide, China Vision, AI Supremacy, Virtual Terror, Managing Country Risk, and Political Risk Insurance Guide. He holds master's degrees in International Relations from the University of Chicago and in International Management from the Thunderbird School of Global Management. Daniel received his bachelor's degree in Political Science from Richmond College in London.

Dante Disparte is the vice chairman and Head of Policy and Communications for the Libra Association, a newly-formed organization that has brought together social impact organizations and adverse group of leading businesses from around the world to create a low-friction, high-trust payment system that empowers billions of people. Dante comes to the Libra Association with two decades of experience as an entrepreneur, business leader and global risk expert, most recently as founder and head of Risk Cooperative. Dante is a frequent speaker and commentator on business and political issues shaping the world. such as Harvard Business Review, BBC, Forbes and International Policy Digest. Dante is a graduate of Harvard Business School and holds an MSc. in Risk Management from the NYU Stern School of Business and a B.A. in International and Intercultural Studies from Goucher College. He was recognized as one of the 40 leaders under 40 by the Washington Business Journal and in the inaugural Powermeter 100 list.

Based on their own deep and multi-faceted experience in risk management across numerous firms in dozens of countries, the authors call for a greater sense of urgency from corporate boards, decision makers, line managers, policymakers, and risk practitioners to address and resolve the plethora of challenges facing today's private and public sector organizations.

Set against the era of man-made risk,where transnational terrorism, cyber risk, and climate change are making traditional risk models increasingly obsolete, they argue that remaining passively on the side-lines of the global economy is dangerous, and that understanding and actively engaging the world is central to achieving risk agility. Their definition of risk agility taps into the survival and risk-taking instincts of the entrepreneur while establishing an organizational imperative focused on collective survival.

The agile risk manager is part sociologist, anthropologist, psychologist, and quant. Risk agility implies not treating risk as a cost of doing business, but as a catalyst for growth. Wagner and Disparte bring the concept of risk agility to life through a series of case studies that cut across industries, countries and the public and private sectors. The rich, real-world examples underscore how once mighty organizations can be brought to their knees―and even their demise by simple miscalculations or a failure to just do the right thing. The reader is offered deep insights into specific risk domains that are shaping our world, including terrorism, cyber risk, climate change, and economic resource nationalism, as well as a frame of reference from which to think about risk management and decision making in our increasingly complicated world.

This easily digestible book will shed new light on the often complex discipline of risk management. Readers will learn how risk management is being transformed from a business prevention function to a values-based framework for thriving in increasingly perilous times. From tackling governance structures and the tone at the top to advocating for greater transparency and adherence to value systems, this book will establish a new generation of risk leader, with clarion voices calling for greater risk agility. The rise of agile decision makers coincides with greater resilience and responsiveness in the era of man-made risk.

Edition details

• Publisher: Palgrave Macmillan
• Publication date: 2016
• Language: English
• ISBN 10: 1349948594
• ISBN 13: 9781349948598
• Binding: Hardcover
• Number of pages: 446