Understanding and Managing Risk Attitude (Google eBook)
Gower Publishing, Ltd., Mar 1, 2012 - Business & Economics - 208 pages
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.
What people are saying - Write a review
We haven't found any reviews in the usual places.
ability achievement of objectives action adopted anchoring and adjustment approach to risk appropriately express emotions assessment availability heuristic awareness behaviour brain Chapter chosen response context cultural conformity decision-making decisions defined described diagnostic effective risk management elements emotional intelligence emotional literacy emotionally literate example feelings Figure group risk attitude groupthink heuristics Hofstede human factors identified impact implementation important individual or group individual risk attitudes individuals and groups influence Johari Window lead limbic system managing risk attitudes national cultural negative neo-cortex ofindividuals ofrisk ofthe risk ofthese ofthis opportunities organization organizational outcome perceived perception personal power position possible power distance preferred risk attitude proactive recognize Relative regard relevant representativeness heuristic result risk management effectiveness risk management process risk process risk-averse risk-seeking risky shift Scale significant strategies subconscious tend threats Transactional Analysis Triune Brain uncertain situation uncertainty avoidance understanding and managing