Risk Intelligence: Learning to Manage What We Don't Know

Risk Intelligence: Learning to Manage What We Don't Know

by David Apgar
     
 

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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:
1) Recognize which risks…  See more details below

Overview

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:
1) Recognize which risks are learnable—and reduce their uncertainty by discovering more about them.
2) Identify risks you can learn about the fastest. The higher your learning speed, the more a project is worth pursuing.
3) Take on risky projects one at a time—learning about the risks underlying each before moving to the next.
4) 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.

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Editorial Reviews

When confronting a business book with a title like Risk Intelligence: Learning to Manage What We Don't Know, it's easy to think first not about corporations and competitive advantage but about foreign policy and the specter of terrorism. So it should come as no surprise that David Apgar, despite his pedigree as a former McKinsey & Company consultant, has made news by applying his risk intelligence strategies to formulate an imaginative if unorthodox plan to secure the future of Iraq. Apgar's political proposal likely has little bearing on his book's value to the long-term survivability of your firm, but it does illustrate the versatility of his risk thinking and the rules that undergird it. All in all a provocative how-to for extending risk management far beyond finance -- to embrace a business's entire transactional network.

Product Details

ISBN-13:
9781422131015
Publisher:
Harvard Business Review Press
Publication date:
07/06/2006
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
210
File size:
596 KB

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Meet the Author

David Apgar is a managing director of the Corporate Executive Board, a best practices research organization serving senior executives at more than 2,500 leading institutions worldwide. He has incorporated the ideas of Risk Intelligence in a course on Risk Management and Development at Johns Hopkins’ School of Advanced International Studies. He lives in Washington, DC.

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