Risk Intelligence: Learning to Manage
What We Dont Know
By David Apgar
Too
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: First, recognize which risks are learnable and reduce their
uncertainty by discovering more about them. Second, identify risks you can
learn about the fastest. The higher your learning speed, the more a project
is worth pursuing. Third, take on risky projects one at a time--learning
about the risks underlying each before moving to the next. Fourth, 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.
Hardcover: 210 pages
Publisher: Harvard Business School Press; 1st edition (August 2006)
Language: English
ISBN-10: 1591399548
ISBN-13: 978-1591399544
Too
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: First, recognize which risks are learnable and reduce their
uncertainty by discovering more about them. Second, identify risks you can
learn about the fastest. The higher your learning speed, the more a project
is worth pursuing. Third, take on risky projects one at a time--learning
about the risks underlying each before moving to the next. Fourth, 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.