Strategic Risk Taking

Strategic Risk Taking PDF
Author: Aswath Damodaran
Publisher: Pearson Prentice Hall
ISBN: 0131990489
Size: 59.76 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 388
View: 5667

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Book Description:

Strategic Risk Taking

by Aswath Damodaran, Strategic Risk Taking Book available in PDF, EPUB, Mobi Format. Download Strategic Risk Taking books, Groundbreaking book that redefines risk in business as potentially powerful strategically to help increase profits. bull; Get out of your "defensive crouch ": learn which risks to avoid, which to mitigate, and which to actively exploit. bull; Master risk management techniques that can drive competitive advantage, increase firm value, and enhance growth and profitability. bull; By Dr. Aswath Damodaran, one of the field's top "gurus " - known worldwide for his classic guides to corporate finance and valuation.







Managing Risk And Opportunity

Managing Risk and Opportunity PDF
Author: Torben Juul Andersen
Publisher: OUP Oxford
ISBN: 0191511676
Size: 77.75 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 224
View: 993

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Book Description:

Managing Risk And Opportunity

by Torben Juul Andersen, Managing Risk And Opportunity Book available in PDF, EPUB, Mobi Format. Download Managing Risk And Opportunity books, This book promotes good risk governance and risk management practices to corporate managers, executives, and directors wherever they operate around the world. The major corporate scandals have their roots in governance failure pointing to the link between risk governance and good performance outcomes. This topic is timely and of interest both to the academic community as well as to practicing managers, executives, and directors. The volume focuses on contemporary risk leadership issues based on recent research insights but avoids excessive technical language and mathematical formulas. The book is framed around the challenges imposed on executives and directors in dealing with an increasingly complex and unpredictable world. This requires a new risk leadership focus that not only avoids the downside risks but also considers ways to exploit the upside potential offered by a dynamic environment. The underlying logic is built on the principles of financial economics where benefits derive from reducing bankruptcy costs and increasing future cash inflows. This provides a stringent framework for analyzing the effect of different risk management actions and behaviors in effective risk-taking organizations. Hence, the book addresses the potential for upside gains as much as the threats of downside losses that represent the conventional risk perspectives. It states the simple fact that you must be willing to take risk to increase strategic responsiveness and corporate manoeuverability. The text builds the arguments in logical steps explicating relevant techniques and practices along the way that invite to immediate applications and practical thinking







Essays On Strategic Risk Taking Under Competition

Essays on Strategic Risk Taking Under Competition PDF
Author: James Owen Ostler
Publisher:
ISBN:
Size: 11.20 MB
Format: PDF, ePub, Docs
Category :
Languages : en
Pages : 106
View: 4907

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Book Description:

Essays On Strategic Risk Taking Under Competition

by James Owen Ostler, Essays On Strategic Risk Taking Under Competition Book available in PDF, EPUB, Mobi Format. Download Essays On Strategic Risk Taking Under Competition books, This thesis explores how competition impacts risk taking in three essays. Chapter 2 explores the role competition plays in motivating risk-taking in en entrepreneurial setting. Traditional entrepreneurship research holds that a role of entrepreneurs is to bear risk and that entrepreneurs are risk seeking, or at least less risk averse than others. Using a tournament model we show that, due to competitive effects, even risk-neutral entrepreneurs appear to be risk seeking and will take on significant levels of risk. To explain this we introduce the concept of strategic risk, which we define as rational risk taking that arises due to competition. We show that the traditional view may have it backwards: we do not observe risky behavior because entrepreneurs have a taste for risk, but rather the structure of some markets induces rational strategic risk taking, and it is the presence of risk and uncertainty that allows entrepreneurship to exist. The model predicts that industries with higher uncertainty and riskier strategies available to entrepreneurs will have higher levels of entrepreneurial entry. Thus, we offer an alternative explanation to why radical innovations disproportionately come from small entrepreneurial firms, and why certain industries are more innovative than others. Chapter 3 tests the empirical predictions of Chapter 2 in the liver transplant market. Using a policy change to identify risky illegal behavior in the liver transplant market we find support for the model's predictions. The liver transplant market offers an ideal setting to look at how competition impacts risk taking and firm entry as it offers a setting with: substantial variation in levels of market competition, a change in policy that allows identification of risk taking in the form of illegal activity (Snyder, 2010), and a growing market with entry occurring over time. We find support for the predictions that: increased competition increases strategic risk taking, new entrants will take more strategic risk, and that the presence of risky strategies increases an entrepreneurial entrant's ability to compete leading to increased entry. Finally, in Chapter 4 the risk taking behavior predicted in Chapter 2 is tested in a laboratory experiment. We find that actual behavior deviates from the theoretical optimal for the majority of players even though players would universally be better off playing as the model prescribes. We also explore how the framing of the competitive situation influences behavior. We find that general quantitative ability and being less risk averse predicts play closer to the optimal predicted behavior.







Enlightened Risk Taking

Enlightened Risk Taking PDF
Author: George L. Head
Publisher: Non Profit Risk Management
ISBN: 9781893210097
Size: 72.94 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 112
View: 6251

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Book Description:

Enlightened Risk Taking

by George L. Head, Enlightened Risk Taking Book available in PDF, EPUB, Mobi Format. Download Enlightened Risk Taking books, Nonprofit organizations by their very nature are risk-taking operations. They venture to provide services to people at risk, in risky places and on limited budgets. To tell a nonprofit organization not to take risks is as good as telling the organization to close its doors. This book explains how to take risks in enlightened ways that enable your nonprofit to fulfill its mission to the utmost in our less-than-fully-predictable world. This book is also about risk management?a process for planning, organizing, directing and controlling the assets and activities of any organization to enable it to accomplish its mission. But to the traditional concept of ?safeguarding against the losses,? we have added strategies for ?seizing the opportunities for gain that risk generates??a rather avant-garde concept. When you add safeguarding loss to seizing opportunity for gain, you have a nonprofit poised to grow into its future.







Three Essays On Strategic Risk Taking

Three Essays on Strategic Risk Taking PDF
Author: Krista Burrill Lewellyn
Publisher:
ISBN:
Size: 26.23 MB
Format: PDF, ePub
Category : Business enterprises
Languages : en
Pages : 356
View: 3245

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Book Description:

Three Essays On Strategic Risk Taking

by Krista Burrill Lewellyn, Three Essays On Strategic Risk Taking Book available in PDF, EPUB, Mobi Format. Download Three Essays On Strategic Risk Taking books,







Strategic Risk Management

Strategic Risk Management PDF
Author: Paul C. Godfrey
Publisher: Berrett-Koehler Publishers
ISBN: 1523086963
Size: 36.34 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 256
View: 3791

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Book Description:

Strategic Risk Management

by Paul C. Godfrey, Strategic Risk Management Book available in PDF, EPUB, Mobi Format. Download Strategic Risk Management books, This book presents a new approach to risk management that enables executives to think systematically and strategically about future risks and deal proactively with threats to their competitive advantages in an ever more volatile, uncertain, complex, and ambiguous world. Organizations typically manage risks through traditional tools such as insurance and risk mitigation; some employ enterprise risk management, which looks at risk holistically throughout the organization. But these tools tend to focus organizational attention on past actions and compliance. Executives need to tackle risk head-on as an integral part of their strategic planning process, not by looking in the rearview mirror. Strategic Risk Management (SRM) is a forward-looking approach that helps teams anticipate events or exposures that fundamentally threaten or enhance a firm's position. The authors, experts in both business strategy and risk management, define strategic risks and show how they differ from operational risks. They offer a road map that describes architectural elements of SRM (knowledge, principles, structures, and tools) to show how leaders can integrate them to effectively design and implement a future-facing SRM program. SRM gives organizations a competitive advantage over those stuck in outdated risk management practices. For the first time, it enables them to look squarely out the front windshield.







The Routledge Companion To Strategic Risk Management

The Routledge Companion to Strategic Risk Management PDF
Author: Torben Juul Andersen
Publisher: Routledge
ISBN: 1317703987
Size: 69.49 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 522
View: 3688

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Book Description:

The Routledge Companion To Strategic Risk Management

by Torben Juul Andersen, The Routledge Companion To Strategic Risk Management Book available in PDF, EPUB, Mobi Format. Download The Routledge Companion To Strategic Risk Management books, Managing risk in and across organizations has always been of vital importance, both for individual firms and for the globalized economy more generally. With the global financial crisis, a dramatic lesson was learnt about what happens when risk is underestimated, misinterpreted, or even overlooked. Many possible solutions have been competing for international recognition, yet, there is little empirical evidence to support the purported effectiveness of these regulations and structured control approaches, which leaves the field wide open for further interpretation and conceptual development. This comprehensive book pulls together a team of experts from around the world in a range of key disciplines such as management, economics and accounting, to provide a comprehensive resource detailing everything that needs to be known in this emerging area. With no single text currently available, the book fills a much needed gap in our current understanding of strategic risk management, offering the potential to advance research efforts and enhance our approaches to effective risk management practices. Edited by a globally recognized expert on strategic risk management, this book will be an essential reference for students, researchers, and professionals with an interest in risk management, strategic management and finance.







Smart Risk Management

Smart Risk Management PDF
Author: Ron Rael
Publisher: John Wiley & Sons
ISBN: 1940235332
Size: 75.57 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 144
View: 1364

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Book Description:

Smart Risk Management

by Ron Rael, Smart Risk Management Book available in PDF, EPUB, Mobi Format. Download Smart Risk Management books, Management accountants must be able to define the payoffs from their organisation's risk taking, as well as identify, understand, and reduce the negative effects of everyday business risks. This book defines organisational risk taking and outlines a formal process to handle risk effectively. The book details six steps for sound risk management: Defining risk Examining your attitude toward risk Analysing your organisation's ability to handle risk Minimising a risk's exposure or downside Recovering quickly from a risk's negative impacts Expanding your knowledge so you can accept more risk with confidence Written for management accountants, Smart Risk Management analyses your position in the middle of the organisation-ensuring both that it does not take risks whose costs it cannot afford and that it takes enough risks to stay competitive in the evolving marketplace. Having adequate insurance coverage is only one small piece of risk management, as this book explains. With ample examples and case studies, as well as 50 hands-on risk tools, Smart Risk Management will enhance your understanding of strategic, operational, and innovation risk and increase your value to your organisation.







Strategic Risk Management Practice

Strategic Risk Management Practice PDF
Author: Torben Juul Andersen
Publisher: Cambridge University Press
ISBN: 9781139483810
Size: 56.64 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages :
View: 6478

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Book Description:

Strategic Risk Management Practice

by Torben Juul Andersen, Strategic Risk Management Practice Book available in PDF, EPUB, Mobi Format. Download Strategic Risk Management Practice books, At a time when corporate scandals and major financial failures dominate newspaper headlines, the importance of good risk management practices has never been more obvious. The absence or mismanagement of such practices can have devastating effects on exposed organizations and the wider economy (Barings Bank, Enron, Lehmann Brothers, Northern Rock, to name but a few). Today's organizations and corporate leaders must learn the lessons of such failures by developing practices to deal effectively with risk. This book is an important step towards this end. Written from a European perspective, it brings together ideas, concepts and practices developed in various risk markets and academic fields to provide a much-needed overview of different approaches to risk management. It critiques prevailing enterprise risk management frameworks (ERMs) and proposes a suitable alternative. Combining academic rigour and practical experience, this is an important resource for graduate students and professionals concerned with strategic risk management.