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 global experiences, the authors’ innovative and common sense approach to the subject applies as much to value creation as it does to organizational resilience.
Set against the era of man-made risk, where transnational terrorism, cyber risk, and climate change are making traditional risk models increasingly obsolete, they argue that remaining passively on the sidelines 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 of man-made risk, or a simple failure to 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.
In this easily digestible book, which is aimed at a broad audience, Wagner and Disparte 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, Wagner and Disparte have established themselves as a new generation of risk leader, with clarion voices calling for greater risk agility. The rise of agile decision makers should coincide with greater resilience and responsiveness in the era of man-made risk.