Washington, D.C. (October 19, 2016) – In Global Risk Agility and Decision Making (Macmillan, 2016), Dante Disparte and Daniel Wagner, two leading authorities in global risk management, make a compelling case for the need to bring traditional risk management and decision making approaches into the twenty-first century.
Based on their own deep and multi-faceted experience in risk management across numerous firms in dozens of countries, the authors call for a greater sense of urgency from corporate boards, decision makers, line managers, policymakers, and risk practitioners to address the plethora of challenges confronting organizations.
Set against turbulent times, where the convergence of man-made and natural risks are making traditional risk models increasingly obsolete, they argue that remaining passively on the sidelines of the global economy is dangerous, and that understanding and actively engaging the world is central to achieving risk agility. Their definition of risk agility taps into the survival and risk-taking instincts of the entrepreneur while establishing an organizational imperative focused on collective survival.
The agile risk manager is equal parts sociologist, anthropologist, psychologist, and quant. Risk agility implies not treating risk as a cost of doing business, but as a catalyst for growth. Wagner and Disparte bring the concept of risk agility to life through a series of case studies that cut across industries, countries and the public and private sectors. The rich, real-world examples underscore how once mighty organizations can be brought to their knees―and even their demise by simple miscalculations or a failure to do the right thing. The reader is offered deep insights into specific risk domains that are shaping our world, including terrorism, cyber risk, climate change, and economic resource nationalism, as well as a frame of reference from which to think about risk management and decision making in our increasingly complicated world.
Tom Ridge, first U.S. Secretary of Homeland Security and Chairman of Ridge Global says of the book: “You have to manage risks before they manage you. Global Risk Agility provides a practical platform for greater risk governance at all layers of an organization and society. With this compelling work, we can no longer plead ignorance to the era of man-made risk, nor can we afford a slow search for causality. It is time to mount our defenses to the effects of cyber risk, terrorism, climate change and other interconnected threats, which Disparte and Wagner masterfully deconstruct in this book.”
This easily digestible book, available on Amazon, will shed new light on the often complex discipline of risk management. Readers will learn how risk management is being transformed from a business prevention function to a values-based framework for thriving in increasingly perilous times. From tackling governance structures and the tone at the top to advocating for greater transparency and adherence to value systems, this book will establish a new generation of risk leader, with clarion voices calling for greater risk agility. The rise of agile decision makers coincides with greater resilience and responsiveness in the era of man-made risk.
About Risk Cooperative
Risk Cooperative is a specialized strategy, risk and capital management firm founded around the question: what would you do in a world without risk? With this guiding principle, Risk Cooperative addresses the most pressing strategic questions of market expansion and innovation, strives to minimize risk from management decisions, and works to level the playing field for small to medium-sized enterprises in the capital markets. Headquartered in Washington, D.C., Risk Cooperative focuses on three often separate disciplines — strategy, risk and investment — bringing them together as a part of our methodology to unlock value from risk. To learn more visit www.riskcooperative.com.
Andres Franzetti, CRM
Chief Strategy Officer and Founding Member