{"product_id":"the-failure-of-risk-management","title":"The Failure of Risk Management","description":"\u003cp\u003e\u003cb\u003eLearn Why Risk Management is Still Broken and How to Fix It\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eThe risk management field is constantly evolving. Unfortunately, many organizations fail to evolve with it. They frequently apply risk management techniques that are proven not to work. These dangerously flawed methods are mere placebos which do nothing to reduce risk and improve decisions. \u003c\/p\u003e\u003cp\u003eThat doesn't need to be the case. In \u003ci\u003eThe Failure of Risk Management\u003c\/i\u003e, \u003ci\u003eSecond Edition\u003c\/i\u003e renowned risk analysis expert Douglas W. Hubbard explains why certain common risk management techniques are causing bad decision making. He also explains which techniques actually deliver genuine value. Through case studies, review of existing research, and detailed procedures, Hubbard illustrates how decision-makers at organizations in any and all industries can adjust their risk management methodologies to better suit the demands of the modern world. \u003c\/p\u003e\u003cp\u003eOnce you understand the reason popular risk management techniques don't work, you'll know what you must do to ensure your organization thrives in the future.  \u003c\/p\u003e\u003cp\u003e\"Some study the theory of risk management. Some actively engage in risk management and find that what works in theory does not always work in practice. Some develop new technologies that will make risk management work better in the future. Doug Hubbard does all three. That's why this book should be your risk management must-read.\"\u003cbr\u003e \u003cb\u003e—SAM L. SAVAGE, P\u003c\/b\u003e\u003cb\u003eh\u003c\/b\u003e\u003cb\u003eD,\u003c\/b\u003e Executive Director, ProbabilityManagement.org, Author, \u003ci\u003eThe Flaw of Averages: Why we Underestimate Risk in the Face of Uncertainty\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e\"Combining solid research with unassailable logic and examples, Douglas describes why today's common risk measurement beliefs and practices are profoundly flawed. Perhaps more importantly, he provides alternative methods that are effective and practical. His 'start simple and evolve from there' strategy is spot-on, proving that you don't need high levels of complexity or a PhD  in math to make significantly better-informed risk management decisions. This book should be required reading for anyone whose job responsibilities include risk management.\"\u003cbr\u003e \u003cb\u003e—JACK JONES,\u003c\/b\u003e RiskLens Co-Founder and Chief Scientist, Creator of the FAIR method \u003c\/p\u003e\u003cp\u003e\"Not long after the Great Recession of 2008, I assigned my students the \u003ci\u003eFirst Edition\u003c\/i\u003e of \u003ci\u003eThe Failure of Risk Management\u003c\/i\u003e as required reading. My students still tell me that they turn to this book in their professional careers. Hubbard disrupted the world of risk consultants with this masterpiece and with its \u003ci\u003eSecond Edition\u003c\/i\u003e he brings us fresh examples and insights from new research.\"\u003cbr\u003e \u003cb\u003e—PETER ALAN SMITH,\u003c\/b\u003e Professor of Insurance and Risk Management, College of Charleston School of Business \u003c\/p\u003e\u003cp\u003e\"The \u003ci\u003eFirst Edition\u003c\/i\u003e of \u003ci\u003eThe Failure of Risk Management\u003c\/i\u003e demolished myths and mistakes and the thinking that qualitative assessments are 'good enough.' The \u003ci\u003eSecond Edition\u003c\/i\u003e extends this excellent work with new useful and practical methods to be quantitative in assessing risk and taking actions to manage it.\"\u003cbr\u003e \u003cb\u003e—STEVE ROEMERMAN,\u003c\/b\u003e Lone Star Chairman and CEO\u003c\/p\u003e","brand":"Douglas W. Hubbard","offers":[{"title":"Default Title","offer_id":42856550236221,"sku":"9781119522034","price":77.36,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0597\/7689\/2989\/files\/9781119522034_d1a1c345-4e8b-4bf9-92f3-433895fcafc7.jpg?v=1766989784","url":"https:\/\/www.palmleaf.com.au\/products\/the-failure-of-risk-management","provider":"Palmleaf","version":"1.0","type":"link"}