At Your Own Risk: How the Risk-Conscious Culture Meets the Challenge of Business Change

Overview

At Your Own Risk: How the Risk-Conscious Culture Meets theChallenge of Business Change

Value chains. They define how your business is changing todaydue to globalization, tech-nological advances, competition,outsourcing, and reliance on global interdependency. They alsospell out how effectively your company identifies and managesrisks—such as product failures, environmental disasters,intellectual property theft, paralyzing snowstorms, pandemic fears,skills shortages, reckless ...

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Overview

At Your Own Risk: How the Risk-Conscious Culture Meets theChallenge of Business Change

Value chains. They define how your business is changing todaydue to globalization, tech-nological advances, competition,outsourcing, and reliance on global interdependency. They alsospell out how effectively your company identifies and managesrisks—such as product failures, environmental disasters,intellectual property theft, paralyzing snowstorms, pandemic fears,skills shortages, reckless lending policies, terrorism, identityand technological theft, industrial espionage, and new technologyexploits—that challenge your organization's resiliency.

Whether in the boardroom or on the trading floor, rapid changewithout a value-aligned and well-defined process for managing risksand establishing a risk-conscious culture is a recipe for disaster.How can your organization manage risk in this new environment?At Your Own Risk shows you how, with practical advice toensure that you are prepared to overcome or prevent risks resultingfrom inevitable changes and global events.

Based on over thirty years of experience as a practitioner,consultant, and advisor to CEOs and executive managers throughoutthe world and in many different industries, recognized industryleader Gary Lynch reveals in this essential guide a game plan toidentify and manage a range of risks faced in this brave newglobalized world of changing market dynamics and complex high-techvalue networks. With practical and proven advice on creating arisk-conscious culture—from the mailroom clerk to the boardof directors—this groundbreaking book explores:

  • Identifying changes that have significantly impacted the riskprofile
  • Why every organization, regardless of size, is more vulnerablein today's business environment
  • How your business must rethink its attitudes about potentiallosses in order to survive in the future?
  • A complete set of internal and external resources and processesneeded to create and sustain value for your organization
  • How every level of change makes your organization potentiallyvulnerable
  • The benefits of a value chain risk management (VCRM)approach
  • How your organization can develop an action plan, prioritizeactivities, budget its cost, execute the plan to manage a range ofrisks effectively, and create a risk- conscious culture

Relevant, timely, and filled with real-world action plans, AtYour Own Risk provides case studies, interviews, and solutionsfrom business, operational, and IT leaders worldwide that everyorganization and executive can put into action to ensure anorganization protected from future disaster.

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Editorial Reviews

From the Publisher
"…Lynch draws on his vast experiences in operations, supply chain, and information technology risk management to provide a well-balanced, practical guide to contemporary risk assessment and management. Excellent vignettes, illustrations, and case studies complement the chapters." (Choice; 1/09)
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Product Details

  • ISBN-13: 9780470259412
  • Publisher: Wiley
  • Publication date: 5/2/2008
  • Edition number: 1
  • Pages: 244
  • Product dimensions: 6.20 (w) x 9.10 (h) x 1.00 (d)

Meet the Author

Gary S. Lynch, CISSP, is a recognized thirty-year industry veteran worldwide, with leadership positions in the operational, supply chain, and IT risk management profession. He has held risk executive positions at Chase Manhattan Bank and Prudential. While serving as a global leader at Marsh and a partner at Booz Allen Hamilton, he pioneered leading-edge methodologies to transform their business supply chain, operational, IT, and continuity risk management programs. He has contributed to the World Economic Forum Global Risk Report, been a panel member with the World Customs Organization and The Albright Group at the New Reality of Risk Forum, and was a speaker at the 2007 Secure Trade in APEC Region conference. He has appeared on the Discovery/Equinox Channel, NBC Nightly News, CNBC, and the ABC broadcast network and has been published in the Wall Street Journal, CEO Magazine, Financial IT Decisions, CIO Insight, The Asset (Asia Pacific), and Business Review Weekly.

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Table of Contents

Introduction. Cause and Effect in the Brave New World.

Section I. Change, the Double-Edged Sword.

Chapter 1. Rapid Change, Escalating Risk.

Chapter 2. Cause and Effect.

Chapter 3. The Vulnerable Organization.

Section II. Line of Sight.

Chapter 4. A Leadership Crisis?

Chapter 5. The Value Chain.

Section III. Consciousness, Engagement and Execution.

Chapter 6. Develop, nurture and sustain a risk consciousculture.

Chapter 7. Diverse Stakeholders Views  Motivations Acrossthe Value Chain.

Chapter 8. Executing the Plan.

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Sort by: Showing all of 2 Customer Reviews
  • Anonymous

    Posted December 4, 2009

    fluid and crystallized intelligence

    This book is a "must read" for every business professional. It completely changed my perception of many aspects of business, people, and events. It works. Outstanding!

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  • Anonymous

    Posted May 22, 2008

    A reviewer

    Gary Lynch provides insight into the problems of risk exposure and how to effectively manage it in corporations today. After reading the book, I have a better understanding of the variety of risk that we are faced with today as well as how dramatically risk has evolved over time. He explores the roles of individuals and details his experience on managing risk as a shared problem with a shared approach instead of in isolated pockets within an organization. As a business executive, I appreciate the time he takes to examine the roles within the company. It helped me to better understand the issues that we are facing by managing risk in silos instead of a more holistic approach with shared responsibility. He uses real world examples to help the reader understand the problem and he explores ways to develop effective solutions while also developing a risk conscious culture. He also uses case studies from a wide cross section of companies and industries. This is a practical book that is useful for both the risk professional and the business executive.

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