Strategic Risk Leadership: Context and Cases

This casebook extends Strategic Risk Leadership: Engaging a World of Risk, Uncertainty and the Unknown, bringing theory and practice grounded in the first book to life with an array of applicable, real-world examples.

The book enables critical thinking about the current state of risk management and ERM, demonstrating contemporary shortcomings and challenges from real-life cases drawn from a global selection of well-known organizations. It confronts modern risk management practices and discusses what leaders should do to deal with unpredictable environments. Providing a basis for developing more effective risk management approaches, the book identifies shortcomings of contemporary approaches to risk management and specifies how to deal with the major risks we face today, illuminated by a variety of comprehensive global examples. It also provides valuable insights on these approaches for managers and leaders in general―including risk executives and chief risk officers―as well as advanced risk management students. End-of-chapter cases illustrate both good and bad risk management approaches as useful inspiration for reflective risk leaders.

This book will be a hugely valuable resource for those studying or teaching risk management.

Torben Juul Andersen is Professor of Strategy and International Management at the Copenhagen Business School and Director of the Global Strategic Responsiveness Initiative. He has previously held executive positions at Citibank/Citicorp Investment Bank, SDS Securities, Unibank, and PHB Hagler-Bailly and is an Honorary Fellow at the Institute of Risk Management (IRM). Torben has authored numerous books and academic articles on strategy and risk management topics.

Peter C. Young holds the 3M Endowed Chair in International Business at the University of St. Thomas, Opus College of Business and is Director of the Risk Leadership Initiative. He was previously the E. W. Blanch Senior Chair in Risk Management. Peter has been a Visiting Professor at City University, London and Aoyama Gakuin University, Tokyo, as well as Distinguished Honorary Professor at Glasgow Caledonian University. Among many awards, he has received the ALARM-UK Lifetime Service award.