Organizational Resilience in the Era of Man-Made Risk
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 sidelines 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 leaders, 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.
Global Risk Agility provides a practical platform for greater risk governance at all layers of an organization and society. With this compelling work, we can no longer plead ignorance to the era of man-made risk, nor can we afford a slow search for causality.
A true treasure chest of insights that provides the reader with a clear understanding of how risk can be managed. A wonderful tour de force across the shifting landscapes of risk. A must-read for business executives and anyone who has been entrusted with risk preparedness.
Global Risk Agility and Decision Making” thoughtfully examines globalization and risk management as threats and makes the case that containing risk is not only a strategic imperative but essential to organizational survival in the 21st century.