Front Flap Β In business and investing, risk has traditionally been viewed negatively: investors and companies can lose money due to risk and therefore we typically penalize companies for taking risks. Thatβs why most books on risk management focus strictly on hedging or mitigating risk. Β But
Strategic Risk Taking: A Framework for Risk Management
β Scribed by Damodaran A.
- Year
- 2009
- Tongue
- English
- Leaves
- 34
- Category
- Library
No coin nor oath required. For personal study only.
β¦ Synopsis
In business and investing, risk has traditionally been viewed negatively: investors and companies can lose money due to risk and therefore we typically penalize companies for taking risks. Thatβs why most books on risk management focus strictly on hedging or mitigating risk. But the enterpriseβs relationship with risk should be far more nuanced. Great companies become great because they seek out and exploit intelligent risks, not because they avoid all risk. Strategic Risk Taking: A Framework for Risk Management is the first book to take this broader view, encompassing both risk hedging at one end of the spectrum and strategic risk taking on the other.
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