Think Risk

11 To manage risk is for our own benefit

DOI: 10.4324/9781003329220-14

Learning Objectives

After reading this chapter, you will develop further knowledge on aspects of:

• Benefits of active risk management

Many business executives share stories about the stresses associated with worrying about untreated risk in their individual lives and organizations. In some cases, stress can be helpful. The fight-or-flight response can be essential in handling emergencies. From a risk perspective, some stress can be helpful, particularly if that stress enables individuals and organizations to act in a way to appropriately address the sources of those stressors. As a result, individuals learn from those stressors and can incorporate those learnings into ...