Learning from catastrophes : strategies for reaction and response /
Events ranging from Hurricane Katrina to the global economic crisis have taught businesspeople an unforgettable lesson: if you don't plan for "extreme risk," you endanger your organization's very survival. But how can you plan for events that go far beyond anything that occurs in...
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| Other Authors: | , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Upper Saddle River, N.J. :
Wharton School Pub.,
©2010.
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| Subjects: | |
| Online Access: | CONNECT |
| Summary: | Events ranging from Hurricane Katrina to the global economic crisis have taught businesspeople an unforgettable lesson: if you don't plan for "extreme risk," you endanger your organization's very survival. But how can you plan for events that go far beyond anything that occurs in normal day-to-day business? In Learning from Catastrophes, two renowned experts present the first comprehensive strategic framework for assessing, responding to, and managing extreme risk. Howard Kunreuther and Michael Useem build on their own breakthrough work on mitigating natural disasters, extending it to the challenges faced by real-world enterprises. Along with the contributions of leading experts in risk management, heuristics, and disaster recovery, they identify the behavioral biases and faulty heuristics that mislead decision makers about the likelihood of catastrophe. They go on to identify the hidden links associated with extreme risks, and present techniques for systematically building greater resilience into the organization. The global best-seller The Black Swan told executives that "once in a lifetime" events are far more common and dangerous than they ever realized. Learning from Catastrophe shows them exactly what to do about it. |
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| Item Description: | "Foreword by Klaus Schwab, founder and executive chairman, World Economic Forum"--Cover. |
| Physical Description: | 1 online resource (xvii, 332 pages) : illustrations |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9780137067237 0137067232 9780137044856 0137044852 |
