In Global Risk Agility and Decision Making, Daniel Wagner and Dante
Disparte, two leading authorities in global risk management, make a
compelling case for the need to bring traditional approaches to risk
management and decision making into the twenty-first century. Based on
their own deep and multi-faceted experience in risk management across
numerous firms in dozens of countries, the authors call for a greater
sense of urgency from corporate boards, decision makers, line managers,
policymakers, and risk practitioners to address and resolve the plethora
of challenges facing today's private and public sector organizations.
Set against the era of manmade risk, where transnational terrorism,
cyber risk, and climate change are making traditional risk models
increasingly obsolete, they argue that remaining passively on the
side-lines of the global economy is dangerous, and that understanding
and actively engaging the world is central to achieving risk agility.
Their definition of risk agility taps into the survival and risk-taking
instincts of the entrepreneur while establishing an organizational
imperative focused on collective survival.
The agile risk manager is part sociologist, anthropologist,
psychologist, and quant. Risk agility implies not treating risk as a
cost of doing business, but as a catalyst for growth. Wagner and
Disparte bring the concept of risk agility to life through a series of
case studies that cut across industries, countries and the public and
private sectors. The rich, real-world examples underscore how once
mighty organizations can be brought to their knees--and even their
demise by simple miscalculations or a failure to just do the right
thing. The reader is offered deep insights into specific risk domains
that are shaping our world, including terrorism, cyber risk, climate
change, and economic resource nationalism, as well as a frame of
reference from which to think about risk management and decision making
in our increasingly complicated world.
This easily digestible book will shed new light on the often complex
discipline of risk management. Readers will learn how risk management is
being transformed from a business prevention function to a
values-based framework for thriving in increasingly perilous times.
From tackling governance structures and the tone at the top to
advocating for greater transparency and adherence to value systems, this
book will establish a new generation of risk leader, with clarion voices
calling for greater risk agility. The rise of agile decision makers
coincides with greater resilience and responsiveness in the era of
manmade risk.
