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Understanding and managing risk attitude

Author: David Hillson; Ruth Murray-Webster
Publisher: Aldershot, England ; Burlington, VT : Gower, ©2007.
Edition/Format:   Print book : English : 2nd edView all editions and formats
Summary:
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 that fact that most risk  Read more...
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: David Hillson; Ruth Murray-Webster
ISBN: 9780566087981 0566087987
OCLC Number: 74649136
Description: xx, 180 pages : illustrations ; 25 cm
Contents: Risk management status quo- efficient but not effective? --
The importance of human factors in risk management --
General principles of risk attitudes --
Individual risk attitudes and heuristics --
Group risk attitudes and heuristics --
Emotion- definition and relevance --
Emotional literacy for individuals --
Emotional literacy for groups --
Applying emotional literacy to risk attitudes --
Final thoughts and the way ahead.
Responsibility: David Hillson and Ruth Murray-Webster.
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Abstract:

Despite many years of development, risk management remains problematic for the majority of organizations. This book helps you understand the human aspects of risk management and to manage proactively  Read more...

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Reviews of the Second Edition: 'As a way to approach business, the book is well worth a read by managers; whether they seek to manage change in their organization, be a leader getting more from Read more...

 
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    schema:description "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 that 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 is practical and highlights ways forward that work in practice."@en ;
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