Strategic Risk Management - Risk Books
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Strategic Risk Management

By Patrick McConnell

Overview

Strategy is hard. Risk Management is hard. Putting the two together creates a ‘wicked’ combination, the size and complexity of which will tax even the best of minds. To succeed, a smart Board will consider the problem of how to develop and then execute a meaningful strategy in advance of when they need to.

Strategic Risk Management is aimed to help Boards to stop and think before they leap, in the hope they will be more likely to succeed when they do decide to make major strategic decisions.


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Publish date: 24 Jun 2016

Availability: In stock

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Book - Strategic Risk Management

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Book description

The Board of every financial institution has to have a strategy.  But in an ever-growing and crowded marketplace, what should such a strategy look like?

Unfortunately, there are no easy answers to that question, as the strategic options are limited by: the position that the firm holds in the industry today; the markets in which it operates; the capabilities (capital, assets and skills) that they have today and, importantly, can get access to in the future; trends in the industry; and, of course, what competitors are doing or are planning to do.  All of these external and even internal pressures are to some degree uncertain, unknown and sometimes unknowable.  There is, as a result, substantial risk in every strategic decision.

This book, about the management of Strategic Risks, is divided into three distinct parts:

1) Part One: which introduced some of the key concepts in the book, in particular Strategic Risks and the enormous losses to shareholders’ wealth that can result from failures to manage such risks.  The chapters in this part also discussed concepts such as Business Model, Strategic Positioning Risk, and Strategic Execution Risk.

2) Part Two: described some case studies of Strategic Risk, in particular failures of large firms as a result of flawed growth and acquisition strategies.   The difficulties of executing innovation and technology strategies were also discussed using appropriate case studies.

3) Part Three: which discussed some of the tools and techniques for the management of Strategic Risks based on already widely used models from strategy development.

Author Patrick McConnell, a Visiting Fellow at Macquarie University Applied Finance Centre in Sydney (where he teaches Masters-level courses on Strategic Risk Management), has been publishing and teaching in the area of Strategic Risk for several years. Dr McConnell also has over 30 years’ experience in Information Technology and Risk Management and has been employed by, and consulted for, the Australian government in addition to major banks and corporations in the US, Europe and Australia. Strategic Risk Management provides a balanced combination of both hands-on experience and theoretical reasoning, explaining the organisational (re)alignments to ensure that the necessary changes are made.

Book details

ISBN
Book: 9781782722649 / eBook: 9781782723141
Publish date
24 Jun 2016
Format
Paperback
Size
155mm x 235mm

Author biography

Patrick McConnell

Dr Patrick McConnell has been a senior executive in, and a consultant to, large international corporations, financial institutions and governments on multiple continents for over 35 years. His expertise is in risk management and information technology. In his academic career, Dr McConnell has taught post-graduate and executive courses in Australia, China, Japan, India and Ireland.  He has published widely in books and academic journals, especially on strategic risk and operational risk management. He holds a doctorate in business administration and degrees in pure and applied mathematics, is a fellow of the British Computer Society and a graduate of the Australian Institute of Company Directors.

Table of contents

PART I: STRATEGY AND STRATEGIC RISK

Introduction

  1. What is Strategy?
  2. What is Strategic Risk?
  3. Strategic Governance Risk
  4. Different Strategies, Different Risks
  5. Strategic Risk Assesment
  6. Organic Growth Strategies

PART II: CASE STUDIES IN STRATEGIC RISK

  1. Acquisition Strategies
  2. Productivity Strategies
  3. Innovation Strategies
  4. Restructuring Strategies
  5. Evolution of Strategic Risks – A Case Study
  6. Summary of Strategic Risks from Case Studies


PART III: TOOLS AND TECHNIQUES FOR RISK MANAGEMENT

  1. Strategic Risk-Management Framework
  2. Managing Strategic Positioning Risks
  3. Managing Strategic Execution Risks
  4. Summary

References
Index

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