Surviving and Thriving in Uncertainty

With practical and demonstrated advice on encouraging better decision making through risk management, Surviving and Thriving in Uncertainty: Creating the Risk Intelligent Enterprise challenges you to a new, multifaceted, panoramic way of viewing risk, one that encompasses both asset preservation and value creation.

Frederick Funston is a principal with Deloitte & Touche LLP and has more than thirty years of experience working with leaders of numerous global companies. In 2000, Rick created the concept of risk intelligence for value creation and value protection. He is a frequent speaker and writer on leveraging risk intelligence for competitive advantage in complex, global organizations.

Stephen Wagner is a nationally recognized thought leader on corporate governance. In 2009, Steve retired as the managing partner of Deloitte LLP's Center for Corporate Governance, where he led the firm's integrated strategy for governance services. He is a frequent speaker at governance conferences and directors' colleges and has authored or contributed to numerous articles on governance and risk.

Acknowledgments
Foreword
Preface
Introduction
Conventional Risk Management
A Risk Intelligent Approach
The Approach of This Book
The Structure of This Book
When Risks Become Brutal Realities
To Survive and Thrive: A Matter of Judgment
The Revolving Door to the Corner Office
Barriers to Board Effectiveness
The Imperatives of the Enterprise
Conventional Risk Management Has Failed
What Goes Up Must Come Down
The Evolution of Finance, Market, and Risk Management Theory
Taking a (Random) Walk
An Unconventional Approach to Risk Management
Calculated Risk Taking Creates Value
Calculated Risk Taking and Risk Aversion
Risk Intelligence: An Unconventional Approach
Ten Essential Risk Intelligence Skills
Check Your Assumptions at the Door
Fatal Flaw #1: Failing to Challenge Your Assumptions
Risk Intelligence Skill #1: Check Your Assumptions at the Door
Maintain Constant Vigilance
Fatal Flaw #2: Lack of Vigilance
Risk Intelligence Skill #2: Maintain Constant Vigilance
Factor in Velocity and Momentum
Fatal Flaw # 3: Failure to Consider Velocity and Momentum
Risk Intelligence Skill #3: Factor in Velocity and Momentum
Manage the Key Connections
Fatal Flaw #4: Failure to Make Key Connections and Manage Complexity
Risk Intelligence Skill #4: Manage Your Key Connections
Anticipate Causes of Failure
Fatal Flaw #5: Failure to Anticipate Failure
Risk Intelligence Skill #5: Anticipate Causes of Failure
Verify Sources and Corroborate Information
Fatal Flaw #6: Failure to Verify Sources and Corroborate Information
Risk Intelligence Skill # 6: Verify Sources and Corroborate Information
Maintain a Margin of Safety
Fatal Flaw #7: Failing to Maintain a Margin of Safety
Risk Intelligence Skill #7: Maintain a Margin of Safety
Set Your Enterprise Time Horizons
Fatal Flaw #8: Short-Termism
Risk Intelligence Skill #8: Set Your Enterprise Time Horizons
Take Enough of the Right Risks
Fatal Flaw #9: Failure to Take Enough of the Right Risks
Risk Intelligence Skill #9: Taking Enough of the Right Risks
Sustain Operational Discipline
Case Example: The U.S. Submarine Force
Fatal Flaw #10: Lack of Operational Discipline
Risk Intelligence Skill #10: Develop and Sustain Operational Discipline
Creating the Risk Intelligent Enterprise
Risk Intelligence Is Free
A Closer Look at Costs
The Rewards of Risk Intelligence
Risk Intelligent Governance
The Risk Intelligent Board
Committees of the Board and Risk Intelligence
Where Does Risk Oversight End and Risk Management Begin?
Risk Intelligent Enterprise Management
ERM and Risk Intelligence
Developing Risk Intelligent Enterprise Management
Act as One
A New Way of Doing Business
The Way Forward: Creating the Risk Intelligent Enterprise
The Benefits of Improved Risk Intelligence
What's Your Enterprise Risk IQ?
Making the Transformation
Conclusion
Notes
About the Authors
Index
Table of Contents provided by Publisher. All Rights Reserved.

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

FREE SHIPPING

Amazon no longer offers textbook rentals. We do!

Surviving and Thriving in Uncertainty Creating The Risk Intelligent Enterprise

Summary

Author Biography

Table of Contents

Supplemental Materials