9780190499402

Mastering Catastrophic Risk How Companies Are Coping with Disruption

by ;
  • ISBN13:

    9780190499402

  • ISBN10:

    0190499400

  • Format: Hardcover
  • Copyright: 2018-06-01
  • Publisher: Oxford University Press

Note: Supplemental materials are not guaranteed with Rental or Used book purchases.

Purchase Benefits

  • Free Shipping On Orders Over $35!
    Your order must be $35 or more to qualify for free economy shipping. Bulk sales, PO's, Marketplace items, eBooks and apparel do not qualify for this offer.
  • Get Rewarded for Ordering Your Textbooks! Enroll Now
List Price: $29.95 Save up to $4.49
  • Rent Book $26.96
    Add to Cart Free Shipping

    TERM
    PRICE
    DUE
    USUALLY SHIPS IN 3-5 BUSINESS DAYS

Supplemental Materials

What is included with this book?

  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.
  • The Rental copy of this book is not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

Summary

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?

Author Biography


Howard Kunreuther is the James G. Dinan Professor of Decision Sciences and Public Policy and Co-Director of the Center for Risk Management and Decision Processes at The Wharton School, University of Pennsylvania

Erwann Michel-Kerjan is the Executive Director of the Center for Risk Management and Decision Processes at The Wharton School, University of Pennsylvania

Michael Useem is the William and Jaclyn Egan Professor of Management and Director of the Center for Leadership and Change Management at The Wharton School, University of Pennsylvania

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

Rewards Program

Write a Review