Taking Risks: The Management of Uncertainty

Donald Wherung and Kenneth R. Maccrimmon examine how the external factors of leaders lives effect their ability to manage and take risks.

Emphasizing the importance of a manager’s ability and willingness to take risks in their business decisions, Taking Risks reveals how age, education, income, industry, and firm size, among other factors, affect a manager’s drive to take risks.

“By far the most authoritative and comprehensive study of risk taking that I have ever seen. Must reading for business executives, social scientists, government officials, management scholars — anyone who face real-world pressures of making decisions or seeks to understand the process behind them.” – James S. Dyer, Foster Parker Centennial Professor of Management and Finance, University of Texas – Austin

Kenneth R. MacCrimmon is Earle Douglas McPhee Professor of Management, Faculty of Commerce and Business Administration, the University of British Columbia. The former J.L. Kellogg Distinguished Professor of Strategy and Decision at Northwestern University, he is internationally known for his work on decision making, risk taking, and strategic management.