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Understanding and Managing Risk Attitude (Paperback)

by David Hillson (Author), Ruth Murray-Webster (Author) "The Danish Nobel Prize-winning physicist Niels Bohr (1885-1962) rightly said that 'Prediction is very difficult, especially about the future.' ..." (more)

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Product details

Paperback: 180 pages
Publisher: Gower Publishing Ltd; 2nd Revised edition edition (23 Mar 2007)
Language English
ISBN-10: 0566087987
ISBN-13: 978-0566087981
Product Dimensions: 24.1 x 17.3 x 2 cm
Average Customer Review: No customer reviews yet. Be the first.
Amazon.co.uk Sales Rank: 63,232 in Books (See Bestsellers in Books)
Popular in these categories:
#37 in Books > Business, Finance & Law > Professional Finance > Corporate
#43 in Books > Study Books > Professional > Business & Management > Banking & Finance

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Product Description

Despite many years of development, risk management remains problematic for the majority of organizations. One common challenge is the human dimension, in other words, the way people perceive risk and risk management. Risk management processes and techniques are operated by people, each of whom is a complex individual, influenced by many different factors. And the problem is compounded by the fact that most risk management involves people working in groups. This introduces further layers of complexity through relationships and group dynamics. David Hillson's and Ruth Murray-Webster's "Understanding and Managing Risk Attitude" will help you understand the human aspects of risk management and to manage proactively the influence of human behaviour on the risk process. The authors introduce a range of models, perspectives and examples to define and detail the range of possible risk attitudes; looking both at individuals and groups. Using leading-edge thinking on self-awareness and emotional literacy they develop a powerful approach to address the most common shortfall in current risk management: the failure to manage the human aspects of the process. All this is presented in a practical and applied framework, rather than as a theoretical or academic treatise, based on the authors' shared experiences and expertise, rather than empirical research. Anyone involved in implementing risk management will benefit from this book, including risk practitioners, senior managers and directors responsible for corporate governance, project managers and their teams. It is also essential reading for HR professionals and others interested in organizational or behavioural psychology. This second edition is updated to strengthen the understanding of individual risk attitudes and reinforce what individuals can do to manage those risk attitudes that are leading them away from their objectives. For people who want to embrace this subject, the book highlights ways forward that are proven and practical.

From the Author

Risk matters, as it represents significant uncertainty that can affect achievement of our objectives. That’s why risk management is so important. People also matter, since projects aren’t performed by machines. How individuals and groups behave is a major Critical Success Factor for all aspects of managing projects – including risk management.

Risk process effectiveness is strongly influenced by the risk attitudes of the people involved. Although everyone agrees that risk attitudes are important, diagnosis is not the same as treatment. This book offers a practical guide to both understanding and managing risk attitude. It first describes the risk attitude spectrum and what influences the position people adopt. This is followed by an introduction to emotional literacy, which is well recognised as a framework for understanding how and why people behave. Finally the book applies the insights from emotional literacy to the challenge of managing risk attitudes, giving practical guidance on how to adopt the appropriate risk attitude for any particular situation.

The authors believe that combining their twin passions for understanding risk and understanding people has produced something uniquely useful which will make a major contribution to project and business success --This text refers to an out of print or unavailable edition of this title.

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Inside This Book (Learn More)

First Sentence
The Danish Nobel Prize-winning physicist Niels Bohr (1885-1962) rightly said that 'Prediction is very difficult, especially about the future.' Read the first page

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