{"product_id":"mastering-catastrophic-risk-9780197549131","title":"Mastering Catastrophic Risk","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eA 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. This updated paperback edition includes a new preface to address threats to business that have emerged or intensified in the past two years including existential threats like the coronavirus, self-inflicted calamities like the Wells Fargo customer account scandal, and natural disasters like the West Coast wildfires and hurricanes on the Atlantic.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?\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eMastering Catastrophic Risk is a timely and indispensable guide for corporate boards and executives contemplating an increasing variety of high consequence risks. Globalization, financial concentration, climate change, and political volatility have heightened the intensity and range of potential disruptions that may impact enterprises. This volume crisply lays out a disciplined and practical set of approaches for identifying and preparing for high impact enterprise risks. * Michael Chertoff, Former United States Secretary of Homeland Security   *\u003cbr\u003eThis interesting book uses interviews and case studies from the business world to identify 21 categories of risk faced by publicly traded companies and to draw useful lessons about how to prepare for them.\" - Richard N. Cooper, Foreign Affairs\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePrologue:  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","brand":"Oxford University Press Inc","offers":[{"title":"Default Title","offer_id":48732648571223,"sku":"9780197549131","price":999.99,"currency_code":"GBP","in_stock":false}],"url":"https:\/\/bookcurl.com\/products\/mastering-catastrophic-risk-9780197549131","provider":"Book Curl","version":"1.0","type":"link"}