Acknowledgments |
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xiii | |
Foreword |
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xv | |
Preface |
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xix | |
Introduction |
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xxi | |
Conventional Risk Management |
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xxi | |
A Risk Intelligent Approach |
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xxii | |
The Approach of This Book |
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xxiii | |
The Structure of This Book |
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xxv | |
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PART I WHEN RISKS BECOME BRUTAL REALITIES |
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1 | (50) |
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To Survive and Thrive: A Matter of Judgment |
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3 | (14) |
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The Revolving Door to the Corner Office |
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4 | (4) |
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Barriers to Board Effectiveness |
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8 | (3) |
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The Imperatives of the Enterprise |
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11 | (6) |
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Conventional Risk Management Has Failed |
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17 | (16) |
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What Goes Up Must Come Down |
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19 | (5) |
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The Evolution of Finance, Market, and Risk Management Theory |
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24 | (2) |
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26 | (7) |
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An Unconventional Approach to Risk Management |
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33 | (18) |
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Calculated Risk Taking Creates Value |
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35 | (9) |
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Calculated Risk Taking and Risk Aversion |
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44 | (2) |
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Risk Intelligence: An Unconventional Approach |
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46 | (5) |
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PART II TEN ESSENTIAL RISK INTELLIGENCE SKILLS |
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51 | (184) |
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Check Your Assumptions at the Door |
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53 | (20) |
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Fatal Flaw #1: Failing to Challenge Your Assumptions |
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55 | (6) |
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Risk Intelligence Skill #1: Check Your Assumptions at the Door |
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61 | (12) |
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Maintain Constant Vigilance |
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73 | (20) |
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Fatal Flaw #2: Lack of Vigilance |
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73 | (10) |
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Risk Intelligence Skill #2: Maintain Constant Vigilance |
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83 | (10) |
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Factor in Velocity and Momentum |
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93 | (18) |
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Fatal Flaw # 3: Failure to Consider Velocity and Momentum |
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95 | (6) |
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Risk Intelligence Skill #3: Factor in Velocity and Momentum |
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101 | (10) |
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Manage the Key Connections |
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111 | (20) |
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Fatal Flaw #4: Failure to Make Key Connections and Manage Complexity |
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112 | (5) |
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Risk Intelligence Skill #4: Manage Your Key Connections |
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117 | (14) |
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Anticipate Causes of Failure |
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131 | (18) |
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Fatal Flaw #5: Failure to Anticipate Failure |
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132 | (5) |
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Risk Intelligence Skill #5: Anticipate Causes of Failure |
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137 | (12) |
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Verify Sources and Corroborate Information |
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149 | (16) |
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Fatal Flaw #6: Failure to Verify Sources and Corroborate Information |
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150 | (8) |
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Risk Intelligence Skill # 6: Verify Sources and Corroborate Information |
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158 | (7) |
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Maintain a Margin of Safety |
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165 | (18) |
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Fatal Flaw #7: Failing to Maintain a Margin of Safety |
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166 | (4) |
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Risk Intelligence Skill #7: Maintain a Margin of Safety |
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170 | (13) |
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Set Your Enterprise Time Horizons |
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183 | (20) |
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Fatal Flaw #8: Short-Termism |
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184 | (6) |
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Risk Intelligence Skill #8: Set Your Enterprise Time Horizons |
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190 | (13) |
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Take Enough of the Right Risks |
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203 | (16) |
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Fatal Flaw #9: Failure to Take Enough of the Right Risks |
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204 | (4) |
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Risk Intelligence Skill #9: Taking Enough of the Right Risks |
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208 | (11) |
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Sustain Operational Discipline |
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219 | (16) |
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Case Example: The U.S. Submarine Force |
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220 | (2) |
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Fatal Flaw #10: Lack of Operational Discipline |
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222 | (5) |
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Risk Intelligence Skill #10: Develop and Sustain Operational Discipline |
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227 | (8) |
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PART III CREATING THE RISK INTELLIGENT ENTERPRISE |
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235 | (72) |
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Risk Intelligence Is Free |
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237 | (20) |
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239 | (14) |
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The Rewards of Risk Intelligence |
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253 | (4) |
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Risk Intelligent Governance |
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257 | (24) |
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The Risk Intelligent Board |
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258 | (13) |
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Committees of the Board and Risk Intelligence |
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271 | (6) |
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Where Does Risk Oversight End and Risk Management Begin? |
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277 | (4) |
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Risk Intelligent Enterprise Management |
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281 | (12) |
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ERM and Risk Intelligence |
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282 | (2) |
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Developing Risk Intelligent Enterprise Management |
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284 | (3) |
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287 | (4) |
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A New Way of Doing Business |
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291 | (2) |
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The Way Forward: Creating the Risk Intelligent Enterprise |
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293 | (14) |
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The Benefits of Improved Risk Intelligence |
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294 | (1) |
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What's Your Enterprise Risk IQ? |
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295 | (3) |
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Making the Transformation |
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298 | (6) |
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304 | (3) |
Notes |
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307 | (18) |
About the Authors |
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325 | (2) |
Index |
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327 | |