At Your Own Risk: How the Risk-Conscious Culture Meets the Challenge of Business Change

9780470259412

0470259418

Praise for At Your Own Risk"Every global company faces risks from all sides: competition, earthquakes, pandemics, or the practices of suppliers far down their value chain. Gary Lynch knows how hundreds of companies handle-or mishandle-risks, and he explains how the best of them find opportunities in the risks they face." -Madeleine Albright, former United States Secretary of State"Although many corporate boards and managers understand that success means accepting risk, they believe they have dealt with the problem by mathematical modeling. They are dangerously wrong. In a globalized, just-in-time world of cascading technological change, terrorism, and sophisticated crime, a setback can metastasize quickly into a catastrophe. Gary Lynch, a real risk management pro, brilliantly spells out in specific cases why this is so, and how we can begin to cope with this new world of risk on steroids." -R. James Woolsey, former Director of Central Intelligence"Gary Lynch articulates an experienced-based, well-reasoned, and spot-on assess-ment of risk management realities that all corporations, large or small, should embrace and make core to their corporate cultures. A one-of-a-kind guide for identifying and assessing real risks and their impacts if left untended." -Dave Carpenter, Vice President for Global Security, PepsiCo and former Assistant Secretary of State for Diplomatic Security"Lynch confronts the critical issues of identifying and managing diverse risks in today's complex and interdependent global marketplace. Board members, senior executives, and line managers should use this book as a sanity/reality check and challenge their organizations risk readiness. All will find his practical insight and guidance invaluable." -Craig Goldman, director on numerous public and private boards and former CIO, Chase Manhattan Bank"As business tries to maximize profits and increase market share they create change in their structure. This book provides insight for all levels of management on how to identify, reduce, or minimize those exposures caused by this change. This is a must-read for all levels of management. " -Michael Liebowitz, past president of the Risk and Insurance Management Society (RIMS), Inc., and Director of Insurance and Risk Management, New York University