CHAPTER 1MODERN RISK MANAGEMENT
RISK QUOTE: More than at any other time in history, mankind faces a crossroads. One path leads to despair and utter hopelessness. The other to total extinction. Let us pray that we have the wisdom to choose correctly.
—WOODY ALLEN, WRITER/ACTOR/DIRECTOR/PRODUCER
RISK QUOTE: Better to remain silent and be thought a fool than to speak out and remove all doubt.
—ABRAHAM LINCOLN, U.S. PRESIDENT
In 1988, companies and managers began to discuss enterprise risk. A decision in one area can have major impact, for better or worse, on overall results, a possibility long recognized by economists, analysts, and managers. Stated differently, an optimal risk mitigation decision for a business unit may be suboptimal for the entity ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access