Cover image for The Two Headed Coin

The Two Headed Coin

Release Date: 2021/05/01
ISBN: 9781119794202
Topic:
0%
25
Chapters
0-1
Hours read
0k
Total Words
    Start Reading Now    
       Add to Wishlist       
View table of contents

Discover the interplay between strategy and risk in this insightful new resource from two experts in the financial industry who have applied their knowledge to multiple industries 

In The Two Headed Coin, accomplished authors James L. Darroch and David Wm. Finnie deliver an insightful exploration of the interplay between strategy and risk that underlies the operational framework of successful organizations. You’ll learn which risks are fundamental to the strategic positioning and goals of your organization and which are not. You’ll also discover the importance of an independent risk function, e,g., the CRO,  and its invaluable role as part of the strategic process. 

You’ll also find: 

  • A thorough discussion of the notion of competitive advantage and how it relates to risk 
  • An exploration of consumer perception and reputation as an asset to be managed 
  • How to use scenario planning and real options to provide a framework for managing uncertainty 
  • How a focus on culture and ethics can minimize the risk of large losses due to adverse behaviors 

Perfect for risk management and strategy professionals The Two Headed Coin will also earn a place in the libraries of executives and managers who wish to improve their ability to integrate strategic and risk thinking to create competitive advantage. 

Table of Contents

  1. Cover
  2. Title Page
  3. Copyright
  4. Dedication
  5. Preface: Risk Is Good and Uncertainty Is the Reality!
    1. STRATEGY IS THE STARTING POINT!
    2. WHAT IS RISK? WHAT IS UNCERTAINTY?
    3. NOTES
  6. Acknowledgments
    1. JAMES L. DARROCH
    2. DAVID WM. FINNIE
  7. About the Authors
  8. CHAPTER 1: Strategy and Risk
    1. STRATEGIC POSITIONING AND RISK
    2. STRATEGY AND RISK IN A START-UP
    3. NOTES
  9. CHAPTER 2: Executing on the Plan and Discovering New Risks
    1. THE ASSUMPTION OF GOAL CONGRUENCE AND THE IMPORTANCE OF CULTURE
    2. CONCLUSION
    3. NOTES
  10. CHAPTER 3: Which Risks to Keep
    1. STRATEGIC POSITIONING AND RISK GOVERNANCE
    2. HOW DOES RISK MANAGEMENT HELP CLOSE THE GAP BETWEEN STRATEGY FORMULATION AND EXECUTION?
    3. CONCLUSION: EMBRACING AND MANAGING RISK
    4. NOTES
  11. CHAPTER 4: How Do We Achieve Independent Risk Governance and Improve Performance?
    1. WHAT DO WE MEAN BY ERM?
    2. NOTES
  12. CHAPTER 5: Who Has the Specific Knowledge to Design the Risk Architecture?
    1. THE STRATEGY-RISK-GOVERNANCE PROCESS
    2. MEETING THE OBJECTIVE AND THE CATEGORIZATION OF RISKS
    3. THE RISK ARCHITECTURE
    4. CREATION OF A RISK FUNCTION
    5. CONCLUSION
    6. NOTES
  13. CHAPTER 6: Enterprise Risk Management and Competitive Advantage
    1. HOW DOES STRATEGY AFFECT RANDOMNESS?
    2. NOTES
  14. CHAPTER 7: What Reputation Do We Want? With Whom?
    1. MANAGING REPUTATION RISK
    2. NOTES
  15. CHAPTER 8: Uncertainty, Scenario Planning, and Real Options
    1. REAL OPTIONS
    2. CONCLUSION
    3. NOTES
  16. CHAPTER 9: Risk Culture and Ethics
    1. THE ADVISOR-CUSTOMER ENCOUNTER
    2. CONTROL SYSTEMS, DISCRETION, AND ETHICS
    3. CULTURE, ETHICS, PERFORMANCE, AND RISK MANAGEMENT
    4. NOTES
  17. CHAPTER 10: The Top of the Pyramid
    1. THE CEO: THE OPERATIONAL INTEGRATION OF STRATEGY AND RISK
    2. THE BOARD: THE GOVERNANCE INTEGRATION OF STRATEGY AND RISK
    3. THE BOARD PROVIDES MORE THAN OVERSIGHT
    4. NOTES
  18. Epilogue: Decision-Making at the Restaurant
  19. APPENDIX I: Risk Transformation and the Need for an Integrated Risk Approach
    1. NOTES
  20. APPENDIX II: Resiliency
    1. NOTES
  21. Bibliography
  22. Index
  23. End User License Agreement
3.142.135.86