Perspectives in Strategic Risk Management

A new book relates to the need for effective strategic risk management practices that facilitate the ability to monitor essential exposures and respond appropriately to changing environmental conditions. Associate Professor Torben Juul Andersen (Center for Strategic Management and Globalization) is the editor of a new book from CBS Press. Operating across international markets is a highly turbulent affair that imposes real challenges on corporate risk management capabilities.

The multinational corporation is exposed to many diverse risks and exogenous influences beyond managerial control but also attain new strategic opportunities. The exposures range from price volatilities, changing macroeconomic conditions, and operational disruptions to technological innovations, competitive moves, and socio-political events. Strategic risk management can reduce the adverse effects from these exposures but may also furnish gains from new opportunities.

The book consists of the following chapters:

1. Performance Effects of Risk Management: Torben Juul Andersen
   
   
2. Risk Management: Karsten Andersen and Anette Terp
   
   
3. The Risk-Return Effects of Strategic Responsiveness: A Simulation Analysis: Torben Juul Andersen and Richard A. Bettis
   
   
4. Impediments to Effective Risk Management: Peter Winther Schrøder
   
   
5. Risk and Complexity in Social Systems: The Case of the "Business Risk Audit": Kim Klarskov Jeppesen
   
   
6. Contemporary Enterprise-Wide Risk Management Frameworks: A comparative Analysis in a Strategic Perspective: Per Henriksen and Thomas Uhlenfeldt
   
   
7. An Integrative Framework for Multinational Risk Management: Torben Juul Andersen
   
   
8. Seeking Meaningful Country-Risk Information: A Wealth of Information, a Void in Understanding: Mikelle A. Calhoun
   
   
9. Catastrophe Risk Analysis and Disaster Financing: A Country Perspective: Torben Juul Andersen
   
   
10. Options Reasoning and Strategic Responsiveness: Discussion and Empirical Assessment: Torben Juul Andersen

Questions: Torben Juul Andersen, tel. +45 3815 2514

Additional information

Torben Juul Andersen in Experts@CBS CBS Press

Make a reservation of the book in CBS Library Torben Juul Andersen (eds.): Perspectives on Strategic Risk Management, CBS Press. 2006. From reviews: "... Perspectives on Strategic Risk Management represents the first serious effort to address second-generation risk management issues. Beyond compliance, controls and systems, modern risk management finds itself facing a range of challenges related to performance, value, corporate culture, and strategy. This book covers the current frontier of modern risk management issues and practices and will provide readers with a solid foundation for understanding state of the art issues. Professor Andersen has taken welcome step in advancing our understanding of risk management today". Peter C. Young, Ph.D., University of St. Thomas, USA ----- "... Perspectives on Strategic Risk Management presents up-to-date research on the subject of risk management. Professor Andersen has brought together a competent array of authors from the field of modern risk management, and they have done a great service by contributing to our understanding with these enlightening articles. This book is an inspiring multidisciplinary examination of various approaches of strategic risk management. The overall question is: How to develop more effective strategic risk management practices? Professor Andersen achieves this by combining practitioner and academic views to deliver a useful result". Finn Kjær Jensen, Director, European Institute for Risk Management, Denmark

Sidst opdateret af Insights@CBS 27.4.2006 | april - 2006, nr. 20