Smart Risk Management: A Guide to Identifying and Calibrating Business Risks

Smart Risk Management: A Guide to Identifying and Calibrating Business Risks
ISBN-10
1940235332
ISBN-13
9781940235332
Category
Business & Economics
Pages
144
Language
English
Published
2017-05-15
Publisher
John Wiley & Sons
Author
Ron Rael

Description

Management accountants must be able to define the payoffs from their organisation's risk taking, as well as identify, understand, and reduce the negative effects of everyday business risks. This book defines organisational risk taking and outlines a formal process to handle risk effectively. The book details six steps for sound risk management: Defining risk Examining your attitude toward risk Analysing your organisation's ability to handle risk Minimising a risk's exposure or downside Recovering quickly from a risk's negative impacts Expanding your knowledge so you can accept more risk with confidence Written for management accountants, Smart Risk Management analyses your position in the middle of the organisation-ensuring both that it does not take risks whose costs it cannot afford and that it takes enough risks to stay competitive in the evolving marketplace. Having adequate insurance coverage is only one small piece of risk management, as this book explains. With ample examples and case studies, as well as 50 hands-on risk tools, Smart Risk Management will enhance your understanding of strategic, operational, and innovation risk and increase your value to your organisation.

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