Managing Risk and Opportunity

Managing Risk and Opportunity offers clear guidance on the essential principles of risk governance and management for contemporary corporate leaders. Targeted at managers, executives, and board members, the book examines how effective risk governance not only mitigates the threats posed by a volatile environment but also capitalizes on its potential benefits. Drawing on recent research and framed within the practical realities of today's fast-changing business landscape, the volume avoids overly technical language and impenetrable mathematical formulas. It builds its arguments around the pressing challenges faced by executives and directors, emphasizing that strategic risk-taking is vital for enhancing corporate responsiveness and maneuverability. Grounded in the principles of financial economics, the book provides a rigorous framework for evaluating risk management strategies by linking the reduction of bankruptcy costs with the prospect of improved future cash flows. With immediate applications in mind, it methodically explains techniques and practices that enable organizations to strike a careful balance between controlling downside risks and pursuing upside opportunities.