A new book to help senior executives and boards get smart about risk management The ability of businesses to survive and thrive often requires unconventional thinking and calculated risk taking. The key is to make the right decisions―even under the most risky, uncertain, and turbulent conditions. In the new book, Surviving and Thriving in Creating the Risk Intelligent Enterprise, authors Rick Funston and Steve Wagner suggest that effective risk taking is needed in order to innovate, stay competitive, and drive value creation. Based on their combined decades of experience as practitioners, consultants, and advisors to numerous business professionals throughout the world, Funston and Wagner discuss the adoption of 10 essential and practical skills, which will improve agility, resilience, and realize
I bought this book for more background on risk management. I hadn't had a lot of formal training in this space and this was a great start for me. It explained the tools used and gave current examples of both the cost of not using them as well as how using them prevented disaster. These 'real world' moments help bring me a better understanding of the tools. It was a dry subject, but my interest held through the whole book. In my work-world I'm dealing with just a subset (operational risk), but it was great to see the whole picture!
A good solid book based on practical experience on the ground as consultants. Particularly loved the 'Voice of Experience' nuggets. Only grouse was that it got a little bit dry at some parts.