Risk Intelligence: Learning to Manage What We Don't KnowToo many executives think risk management is strictly for technical specialists. In Risk Intelligence: Learning to Manage What We Don’t Know, David Apgar challenges this misconception. The author explains how to raise the quality of your risk analysis—-thus enhancing your “risk IQ”—-by applying four simple rules: 1) Recognize which risks are learnable—and reduce their uncertainty by discovering more about them. 2) Identify risks you can learn about the fastest. The higher your learning speed, the more a project is worth pursuing. 3) Take on risky projects one at a time—learning about the risks underlying each before moving to the next. 4) Build networks of business partners, suppliers, and customers who can collectively manage new ventures’ risks by playing distinct roles. The book provides two tools for improving your risk IQ—the Risk Intelligence Audit and the Risk Scorecard—and concludes with a 10-step action plan for systematically raising your managerial and organizational risk IQ. Your reward? Smarter business decisions over time. |
Other editions - View all
Common terms and phrases
ability activity Adapt to Risk advantage Airbus amnesiac banks better Boeing Building Networks Business Decisions business risks challenges classic borrower competitive competitors Conducting a Risk correlation cost cycle diversify diversity economic encyclopedist evaluating example exposure factors financial risk management firm firm's flat-field risks growth-share matrix impressionist incubator markets information theory initiatives Intelligence or Risk investment investors kind of risk lines of business major risks market intensity measure memoir Noël Forgeard Nokia partners Paul Romer percent pipeline portfolio probably project risk random risks reflect relevance risk assessment risk intelligence score Risk IQ risk management risk problem Risk Strategy Audit risk strategy matrix risk-role matrix risks are learnable Risks from Random risks underlying risky projects rule of risk Scoring Your Risk Separating Learnable Risks shock absorber strategy pattern suppliers surprise there's torcetrapib uncertainty value at risk Wilmer McLean worst-case loss yield curve