{"product_id":"the-two-headed-coin-9781119794202","title":"The Two Headed Coin","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eDiscover the interplay between strategy and risk in this insightful new resource from two experts in the financial industry who have applied their knowledge to multiple industries\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIn \u003ci\u003eThe Two Headed Coin\u003c\/i\u003e, accomplished authors James L. Darroch and David Wm. Finnie deliver an insightful exploration of the interplay between strategy and risk that underlies the operational framework of successful organizations. You''ll learn which risks are fundamental to the strategic positioning and goals of your organization and which are not. You''ll also discover the importance of an independent risk function, e,g., the CRO, and its invaluable role as part of the strategic process.\u003c\/p\u003e \u003cp\u003eYou''ll also find:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eA thorough discussion of the notion of competitive advantage and how it relates to risk\u003c\/li\u003e \u003cli\u003eAn exploration of consumer perception and reputation as an asset to be managed\u003c\/li\u003e \u003cli\u003eHow to use scenario planning and real options to provide a framework for manag\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface: Risk is Good and Uncertainty is the Reality! xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xxv\u003c\/p\u003e \u003cp\u003eAbout the Authors xxix\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Strategy and Risk: Two Sides of the Same Coin 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStrategic Positioning and Risk 6\u003c\/p\u003e \u003cp\u003eStrategy and Risk in a Start-Up 7\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Executing on the Plan and Discovering New Risks 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Assumption of Goal Congruence and the Importance of Culture 21\u003c\/p\u003e \u003cp\u003eConclusion 27\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Which Risks to Keep 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStrategic Positioning and Risk Governance 38\u003c\/p\u003e \u003cp\u003eHow Does Risk Management Help Close the Gap Between Strategy Formulation and Execution? 40\u003c\/p\u003e \u003cp\u003eConclusion: Embracing and Managing Risk 42\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 How Do We Achieve Independent Risk Governance and Improve Performance? 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Do We Mean by ERM? 51\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Who Has the Specific Knowledge to Design the Risk Architecture? Why You Need an Independent Risk Function 61\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Strategy-Risk-Governance Process 61\u003c\/p\u003e \u003cp\u003eMeeting the Objective and the Categorization of Risks 69\u003c\/p\u003e \u003cp\u003eThe Risk Architecture 71\u003c\/p\u003e \u003cp\u003eCreation of a Risk Function 73\u003c\/p\u003e \u003cp\u003eConclusion 76\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Enterprise Risk Management and Competitive Advantage 79\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Does Strategy Affect Randomness? 86\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 What Reputation Do We Want? With Whom? 91\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eManaging Reputation Risk 99\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Uncertainty, Scenario Planning, and Real Options 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReal Options 113\u003c\/p\u003e \u003cp\u003eConclusion 116\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Risk Culture and Ethics: Can You Have Excellence and Consistency at the Same Time? 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Advisor-Customer Encounter 124\u003c\/p\u003e \u003cp\u003eControl Systems, Discretion, and Ethics 127\u003c\/p\u003e \u003cp\u003eCulture, Ethics, Performance, and Risk Management 135\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 The Top of the Pyramid: The CEO as Integrator of Strategy and Risk and the Board as the Fourth Line of Defense 141\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe CEO: The Operational Integration of Strategy and Risk 145\u003c\/p\u003e \u003cp\u003eThe Board: The Governance Integration of Strategy and Risk 145\u003c\/p\u003e \u003cp\u003eThe Board Provides More Than Oversight 146\u003c\/p\u003e \u003cp\u003eEpilogue: Decision-Making at the Restaurant: Creating and Executing a Risk-Aware Strategy 151\u003c\/p\u003e \u003cp\u003eAppendix I: Risk Transformation and the Need for an Integrated Risk Approach 157\u003c\/p\u003e \u003cp\u003eAppendix II: Resiliency 161\u003c\/p\u003e \u003cp\u003eBibliography 167\u003c\/p\u003e \u003cp\u003eIndex 183\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49407155241303,"sku":"9781119794202","price":24.79,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119794202.jpg?v=1730498364","url":"https:\/\/bookcurl.com\/products\/the-two-headed-coin-9781119794202","provider":"Book Curl","version":"1.0","type":"link"}