Taming the Risk Hurricane: Preparing for Major Business Disruption

by David Hillson Narrated by Peter Noble

Overview

A leading expert on risk management describes how to steer your company through a risk hurricane-the extreme risk exposure that can lead to major disruption for your business.

Risk management has become a standard part of the strategic tool kit, providing senior leaders with a forward-looking radar to scan the future and give early warnings of approaching threats and opportunities. However, even best-in-class organizations can falter in the face of extreme risk exposure. Special circumstances demand special responses, and extreme risk exposure needs very careful handling. Routine risk management approaches will fall short, but businesses that demonstrate a high degree of flexibility and resilience will have the competitive advantage and the ability to thrive where others fail.

The causes and consequences of meteorological hurricanes have parallels in the way uncontrolled risk exposure can develop in organizations. Both are caused largely by predictable factors, but both are characterized by sustained uncertainty and severe impact once they develop. If we can learn to predict a risk hurricane, prepare for it effectively, and survive its effects, then our organizations will be well placed to address the challenge of extreme risk exposure, if and when we are unfortunate enough to face it.

Editorial Reviews

From the Publisher

Advances in thinking frequently occur when ideas from one field are used in another. In this remarkable book, David Hillson discusses analogies between extreme weather risk and business risk. Superficially these might seem quite distinct. Read the book and discover otherwise!”
—Tim Palmer, Royal Society Research Professor in Climate Physics, University of Oxford
 
“David Hillson’s analogy of the Risk Hurricane paints a visceral image that brings theoretical concepts of business risk to life. By weaving together a tapestry of meteorological insights, risk theory, and practical business management, he has created the definitive playbook by which organizations can prepare to weather the inevitable storms of a volatile business world.”
—Mark Turner, Managing Director, Emsity, and Certified Fellow, Institute of Risk Management
 
“David Hillson and I share a passion for risk management and helping others understand this complex subject by describing it in simple and fun ways. I wish I had written this book. It is so pertinent to today’s business, and the extended analogy has great impact. I will be recommending it to my clients. Read it as soon as possible!”
—Dr. Ruth Murray-Webster, Principal, Potentiality UK
 
“The Risk Doctor does here what he does best. He takes very complex subject matter and renders it in an engaging and understandable way. Most importantly, he provides guidance on how to practically apply the insights to manage risk more effectively.”
—Carl Pritchard, The Risk Guy
 
“David does an excellent job of extending the concept of the Risk Hurricane, highlighting how critical organizational culture is to effective risk management. David’s approach to system-based risk models is especially interesting and shows great promise.”
—Joseph Mayo, President, J. W. Mayo Consulting, LLC
 

[FROM THE FOREWORD]
“Taming the Risk Hurricane provides the foundation for protection from an oncoming Risk Hurricane, helping you minimize the impact and recovery period of a major risk event. It’s an essential resource for business leaders and their risk management colleagues, emphasizing the need for continuous vigilance in an often-overlooked area of responsibility.”
—Frank Saladis, CEO, Blue Marble Enterprizes Inc.

Product Details

BN ID:	2940175924207
Publisher:	Berrett-Koehler Publishers
Publication date:	09/06/2022
Edition description:	Unabridged

Videos