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Smart Risk Management - A Guide to Identifying and Calibrating Business Risks (Paperback)
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Smart Risk Management - A Guide to Identifying and Calibrating Business Risks (Paperback)
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Management accountants must be able to define the payoffs from
their organisation's risk taking, as well as identify, understand,
and reduce the negative effects of everyday business risks. This
book defines organisational risk taking and outlines a formal
process to handle risk effectively. The book details six steps for
sound risk management: * Defining risk * Examining your attitude
toward risk * Analysing your organisation's ability to handle risk
* Minimising a risk's exposure or downside * Recovering quickly
from a risk's negative impacts * Expanding your knowledge so you
can accept more risk with confidence Written for management
accountants, Smart Risk Management analyses your position in the
middle of the organisation-ensuring both that it does not take
risks whose costs it cannot afford and that it takes enough risks
to stay competitive in the evolving marketplace. Having adequate
insurance coverage is only one small piece of risk management, as
this book explains. With ample examples and case studies, as well
as 50 hands-on risk tools, Smart Risk Management will enhance your
understanding of strategic, operational, and innovation risk and
increase your value to your organisation.
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