Risk is the lifeblood of a corporation. It provides the opportunity to turn a profit, but raises the spectre of ruin. Several techniques for risk management have recently evolved to help companies and managers cope with the myriad of risks facing them. This guide, by one of the world's leading experts in risk management, examines these techniques and provides a common framework for risk management.
The book is divided into three parts. The first provides the answer to the deceptively simple question: "Does risk matter?". The second part presents a number of techniques that have emerged to meet the challenges of risk management. A major objective of this book is to help managers understand these techniques, and examples and case studies are used extensively to do so. This part also discusses how these techniques are related to each other. The third part considers the future - the prospects and challenges facing companies in managing risk.
The process of integrating risk management into the everyday practices of the company is now widely considered to be an essential part of corporate strategy. This book is designed to help managers and executives gain a full understanding of the techniques of risk management and their applications.
