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Rethinking Risk in National Security - Lessons of the Financial Crisis for Risk Management (Hardcover, 1st ed. 2016)
Loot Price: R3,858
Discovery Miles 38 580
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Rethinking Risk in National Security - Lessons of the Financial Crisis for Risk Management (Hardcover, 1st ed. 2016)
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This book examines the role of risk management in the recent
financial crisis and applies lessons from there to the national
security realm. It rethinks the way risk contributes to strategy,
with insights relevant to practitioners and scholars in national
security as well as business. Over the past few years, the concept
of risk has become one of the most commonly discussed issues in
national security planning. And yet the experiences of the
2007-2008 financial crisis demonstrated critical limitations in
institutional efforts to control risk. The most elaborate and
complex risk procedures could not cure skewed incentives, cognitive
biases, groupthink, and a dozen other human factors that led
companies to take excessive risk. By embracing risk management, the
national security enterprise may be turning to a discipline just as
it has been discredited.
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