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Learning from catastrophes : strategies for reaction and response

Author: Howard Kunreuther; Michael Useem; World Economic Forum. Global Agenda Council on the Mitigation of Natural Disasters.
Publisher: Upper Saddle River, N.J. : Wharton School Pub., ©2010.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"Events ranging from Hurricane Katrina to the global economic crisis have taught business people 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  Read more...
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Document Type: Book
All Authors / Contributors: Howard Kunreuther; Michael Useem; World Economic Forum. Global Agenda Council on the Mitigation of Natural Disasters.
ISBN: 9780137044856 0137044852
OCLC Number: 419876377
Description: xvii, 332 pages : illustrations ; 24 cm
Contents: Principles and challenges for reducing risks from disasters / Howard Kunreuther and Michael Useem --
Acting in time against disasters : a comprehensive risk-management framework / Herman B. "Dutch" Leonard and Arnold M. Howitt --
Forecasting and communicating the risk of extreme weather events / Geoff Love and Michel Jarraud --
Cognitive constraints and behavioral biases / Séan Cleary --
The five neglects : risks gone amiss / Alan Berger [and others] --
Can poor countries afford to prepare for low-probability risks? / Michele McNabb and Kristine Pearson --
The role of risk regulation in mitigating natural disasters / Bridget M. Hutter --
Hedging against tomorrow's catastrophes : sustainable financial solutions to help protect against extreme events / Erwann O. Michel-Kerjan --
A financial malignancy / Suzanne Nora Johnson --
Climate change : nature and action / Thomas E. Lovejoy --
Lessons from risk analysis : terrorism, natural disasters, and technological accidents / Detlof Von Winterfeldt --
Turning danger to opportunities : reconstructing China's National System for Emergency Management after 2003 / Lan Xue and Kaibin Zhong --
Dealing with pandemics : global security, risk analysis, and science policy / Jiah-Shin Teh and Harvey Rubin --
Long-term contracts for reducing losses from future catastrophes / Howard Kunreuther --
Developing leadership to avert and mitigate disasters / Michael Useem.
Responsibility: edited by Howard Kunreuther and Michael Useem ; in collaboration with the World Economic Forum Global Agenda Council on the Mitigation of Natural Disasters.

Abstract:

"Events ranging from Hurricane Katrina to the global economic crisis have taught business people 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 Catastrophes shows them exactly what to do about it"--Book Description.

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