Mastering Catastrophic Risk
How Companies Are Coping with Disruption
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Estimated delivery time: Expected time of arrival: end of January 2026.
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Product details:
- Publisher OUP USA
- Date of Publication 26 September 2018
- ISBN 9780190499402
- Binding Hardback
- No. of pages250 pages
- Size 239x163x22 mm
- Weight 454 g
- Language English 0
Categories
Short description:
A profound and insightful look at how companies prepare for and respond to crises that threaten catastrophic disruption to their operations and even their existence.
MoreLong description:
A profound and insightful look at how company leaders prepare for and respond to shocks and crises that threaten their business.
Successful firms strategically manage and are more accurate in their assessment of large-scale risks. Doing so is increasingly challenging given the pace of change, whether financial, technological, regulatory, or environmental. Mastering Catastrophic Risk provides real-world practical insights into how large companies are responding to this new reality and develops a framework for smarter thinking about events that can damage a business.
As leading authorities on risk management, strategy, and company leadership, Howard Kunreuther and Michael Useem take us on a groundbreaking tour of firms' decision making process. They demonstrate how improving readiness for and resilience against future shocks is now an integral part of company strategy. Using the "DISRUPT" model they have developed, they highlight the seven primary Drivers of disruption: Interdependencies increase exposure; Short-term focus results in limited vision; Regulations require change and constrain opportunities; Urbanization increases the costs of disasters; Probabilities of disasters have increased; and Transparency has enhanced public awareness of problems and impacts on firms' reputations.
Some disruptions can be anticipated, while others arrive without warning. Their onset stresses decision makers, impairs company operations, and may even put the enterprise at risk. The bottom-line: business leaders and their governing boards face ever more challenging disruptions and must be ever more on guard. If your company is hit tomorrow, will it bounce back, or drown?
This interesting book uses interviews and case studies from the business world to identify 21 categories of risk faced by publicly traded companies and to draw useful lessons about how to prepare for them.
Table of Contents:
Prologue: On a Sunny Day
PART I. A More Risky Era
Chapter 1 Risk on the Agenda
Chapter 2 Impact of Severe Events
PART II. Enterprise Decisions for Managing Disruptions
Chapter 3 From Intuitive to Deliberative Thinking
Chapter 4 The Risk Analysis Cycle
Chapter 5 Risk Management Praxis
PART III. What Disrupted Companies Do
Chapter 6 Crisis at Lufthansa and Deutsche Bank
Chapter 7 From Reactive to Proactive Boardroom
Chapter 8 Corporate Giving for Disaster Relief
PART IV. Reaching Vital Stakeholders
Chapter 9 Disclosing Threats
Chapter 10 A Two-Edged Sword
Chapter 11 Safeguarding Value
Chapter 12 Managing Disruptions and a Checklist for Action
Epilogue: On a Rainy Day
Appendices
About the Authors
Acknowledgments
References
