Rethinking Risk Management

Risk management has become a key factor of successful organizations. Despite risk management's importance outdated and inappropriate ideas about how to manage risk dominate. This book challenges existing paradigms of risk management and provides readers with new concepts and tools for the current dynamic risk management environment. The framework for the book is a series of questions that allows for an interesting and thought-provoking look at current ideas and forward-looking concepts. This book intended for senior managers directors risk managers students of risk management and all others who need to be concerned about risk management and strategy provides a solid base for not only understanding current best practice in risk management but also the conceptual tools for exploiting emerging risk management technologies metrics regulations and ideas. The central thesis is that risk management is a value-adding activity that all types of organizations public private as well as not-for-profit can use for competitive advantage and maximum effectiveness.