The Failure of Risk Management

The Failure of Risk Management

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Hubbard, Douglas W. John Wiley & Sons, Inc., 2009 Audio summary available
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IN THIS SUMMARY

The Failure of Risk Management shows readers how to identify and fix the most common problems in risk management. Ineffective risk management methods, often touted as “best practices,” are passed from company to company like a bad virus: there are no early indicators of ill effects until it is too late and catastrophe strikes. Risk management fails because executives fail to measure and validate methods as a whole or in part; they use components known not to work and do not use components that are known to work. Douglas W. Hubbard shows how to measure the performance of risk management in a meaningful way, identify where risk management is broken and what companies can do to fix it.