1st Edition

The Routledge Companion to Strategic Risk Management

Edited By Torben Andersen Copyright 2016
542 Pages
by Routledge

542 Pages 73 B/W Illustrations
by Routledge

542 Pages 73 B/W Illustrations
by Routledge

Managing risk in and across organizations has always been of vital importance, both for individual firms and for the globalized economy more generally. With the global financial crisis, a dramatic lesson was learnt about what happens when risk is underestimated, misinterpreted, or even overlooked. Many possible solutions have been competing for international recognition, yet, there is little... Read more

Introduction (Torben Juul Andersen) Part I: Risk Governance Perspectives 1. Complexity, Uncertainty and Ambiguity in Inclusive Risk Governance (Ortwin Renn und Andreas Klinke) 2. The Governance of Strategic Risk Taking (Maxine Lorraine Garvey) 3. Risk Management and Ethical Cultures (Peter C. Young, Douglas J. Jondle, T. Dean Maines and Michelle Rovang Burke) 4. The Key to Sustainable Risk Governance: Strong core values, delegation and accountability (Gregory L. Shaw and Torben J. Andersen) 5. The Risk Management Paradox: Enhanced focus on risk management seemingly doesn’t pay off! (Peter Winther Schrøder) Part II: The Management of Strategic Risk 6. Risk and Uncertainty: A taxonomy of strategies (Richard Friberg) 7. Reflections of Integrated Risk Management (Kent D. Miller) 8. Can Strategic Risk Management Contribute to Enterprise Risk Management? A strategic management perspective (Phil Bromiley, Devaki Rau, and Michael McShane) 9. The Symbiosis of Failure: The strategic dynamics of risk and resilience (Denis Fischbacher-Smith) 10. Innovation: Managing strategic risk (Luca Gatti) Part III: Corporate Risk Management Insights 11. The LEGO Group implementation of Strategic Risk Management (Hans Læssøe) 12. The Enterprise Risk Management (ERM) Story: Experiences from Nestlé (Markus Schädeli) 13. Strategic Risk Management in Suncorp Personal Insurance (Kirsten Dunlop and Mark Milliner) 14. Risk Taking for the Modern Risk Leader: A fresh perspective of trust, transparency, and social media (Kathleen Edmond, Michelle Rovang and Douglas Jondle) Part IV: The Managerial Impact on Risk Outcomes 15. Reflections on "How Psychological Pitfalls Generated the Global Financial Crisis" (Hersh Shefrin) 16. Risk as Feeling in Risk Taking and Risk Management in Organizations (Laurel C. Austin) 17. Diagrams for Strategic Risk Manag

Biography

Torben Juul Andersen is Professor of Strategy and International Management and Director of the Center
for Global Strategic Responsiveness at Copenhagen Business School, Denmark

'The Routledge Companion to Strategic Risk Management provides broad, cutting-edge coverage on the subject. Academics and practitioners interested in the subject should definitely read this book.' - Betty Simkins, Professor of Finance and Williams Companies Professor of Business, Oklahoma State University, USA

'This book provides very valuable discussions and insights into strategic risk management. A great strength is the breadth of risk-related issues it addresses including, for example, governance, ethics, resilience and leadership. The different backgrounds of the authors afford a significant range of perspectives and insights into this hugely important topic.' - Philip Linsley, Professor, University of York, UK