At your own risk! : how the risk-conscious culture meets the challenge of business change

Based on over thirty years of experience, recognized industry leader Gary Lynch reveals in this essential guide a game plan to identify and manage a range of risks faced in this brave new globalized world of changing market dynamics and complex high-tech value networks. This groundbreaking book articulates an experienced-based and spot-on assessment of risk management realities that all corporations should make core to their corporate cultures.

at Your Own Risk: How The Risk-conscious Culture Meets The Challenge Of Business Change

value Chains. They Define How Your Business Is Changing Today Due To Globalization, Tech-nological Advances, Competition, Outsourcing, And Reliance On Global Interdependency. They Also Spell Out How Effectively Your Company Identifies And Manages Risks—such As Product Failures, Environmental Disasters, Intellectual Property Theft, Paralyzing Snowstorms, Pandemic Fears, Skills Shortages, Reckless Lending Policies, Terrorism, Identity And Technological Theft, Industrial Espionage, And New Technology Exploits—that Challenge Your Organization's Resiliency.

whether In The Boardroom Or On The Trading Floor, Rapid Change Without A Value-aligned And Well-defined Process For Managing Risks And Establishing A Risk-conscious Culture Is A Recipe For Disaster. How Can Your Organization Manage Risk In This New Environment? at Your Own Risk Shows You How, With Practical Advice To Ensure That You Are Prepared To Overcome Or Prevent Risks Resulting From Inevitable Changes And Global Events.

based On Over Thirty Years Of Experience As A Practitioner, Consultant, And Advisor To Ceos And Executive Managers Throughout The World And In Many Different Industries, Recognized Industry Leader Gary Lynch Reveals In This Essential Guide A Game Plan To Identify And Manage A Range Of Risks Faced In This Brave New Globalized World Of Changing Market Dynamics And Complex High-tech Value Networks. With Practical And Proven Advice On Creating A Risk-conscious Culture—from The Mailroom Clerk To The Board Of Directors—this Groundbreaking Book Explores:

• Identifying Changes That Have Significantly Impacted The Risk Profile

• Why Every Organization, Regardless Of Size, Is More Vulnerable In Today's Business Environment

• How Your Business Must Rethink Its Attitudes About Potential Losses In Order To Survive In The Future?

• A Complete Set Of Internal And External Resources And Processes Needed To Create And Sustain Value For Your Organization

• How Every Level Of Change Makes Your Organization Potentially Vulnerable

• The Benefits Of A Value Chain Risk Management (vcrm) Approach

• How Your Organization Can Develop An Action Plan, Prioritize Activities, Budget Its Cost, Execute The Plan To Manage A Range Of Risks Effectively, And Create A Risk- Conscious Culture

relevant, Timely, And Filled With Real-world Action Plans, at Your Own Risk Provides Case Studies, Interviews, And Solutions From Business, Operational, And It Leaders Worldwide That Every Organization And Executive Can Put Into Action To Ensure An Organization Protected From Future Disaster.

Praise for At Your Own Risk "Every global company faces risks from all sides: competition, earthquakes, pandemics, or the practices of suppliers far down their value chain. Gary Lynch knows how hundreds of companies handle-or mishandle-risks, and he explains how the best of them find opportunities in the risks they face."--Madeleine Albright, former United States Secretary of State "Although many corporate boards and managers understand that success means accepting risk, they believe they have dealt with the problem by mathematical modeling. They are dangerously wrong. In a globalized, just-in-time world of cascading technological change, terrorism, and sophisticated crime, a setback can metastasize quickly into a catastrophe. Gary Lynch, a real risk management pro, brilliantly spells out in specific cases why this is so, and how we can begin to cope with this new world of risk on steroids."--R. James Woolsey, former Director of Central Intelligence "Gary Lynch articulates an experienced-based, well-reasoned, and spot-on assess-ment of risk management realities that all corporations, large or small, should embrace and make core to their corporate cultures. A one-of-a-kind guide for identifying and assessing real risks and their impacts if left untended."--Dave Carpenter, Vice President for Global Security, PepsiCo and former Assistant Secretary of State for Diplomatic Security "Lynch confronts the critical issues of identifying and managing diverse risks in today's complex and interdependent global marketplace. Board members, senior executives, and line managers should use this book as a sanity/reality check and challenge their organizations risk readiness. All will find his practical insight and guidance invaluable."--Craig Goldman, director on numerous public and private boards and former CIO, Chase Manhattan Bank "As business tries to maximize profits and increase market share they create change in their structure. This book provides insight for all levels of management on how to identify, reduce, or minimize those exposures caused by this change. This is a must-read for all levels of management."--Michael Liebowitz, past president of the Risk and Insurance Management Society (RIMS), Inc., and Director of Insurance and Risk Management, New York University The 'value chain' is a key to anticipating, mitigating and preventing losses from a virtually infinite number of risks. Most business executives are unaware or in total denial about these potential problems. Gary Lynch offers practical, dynamic solutions in this book. Based on his more than 30 years' experience, he describes the problem with clarity and offers specific, effective solutions. This book is brought to life with real-world case histories from Lynch's client base and his own experiences in a variety of organizations. The first half of the book describes the problems of risk exposure and encompasses the many stakeholders involved in risk (executives, employees, investors, vendors and suppliers) and demonstrates how risk is not an isolated phenomenon but rather a universally shared problem. In the second half of the book, Lynch demonstrates how each and every stakeholder can work together to define the risk universe, identify a shared risk paradigm, and develop effective solutions to mitigate losses. This book offers practical and proven advice on creating a risk-conscious culture from the Board of Directors down to the mail room clerk. Perhaps the most important aspect to this ground-breaking book is a frank disclosure of the vast expansion of risk we all face, due to the growth of the Internet and IT, internal threats and external rivalries throughout the world. Lynch shows how the changed world also changes how all organizations have to rethink their attitudes about potential losses in order to survive in the future Content: Introduction: cause and effect in the brave new world -- Change, the double-edged sword -- Rapid change, escalating risk -- Cause and effect -- The vulnerable organization -- Line of site/obstructed views -- A leadership crisis? -- The value chain -- Consciousness, engagement, and execution -- Develop, nurture, and sustain a risk-conscious culture -- Diverse stakeholders' views and motivations across the value chain -- Executing the plan. Introduction: cause and effect in the brave new world Change, the double-edged sword Rapid change, escalating risk Cause and effect The vulnerable organization Line of site A leadership crisis? The value chain Consciousness, engagement and execution Develop, nurture and sustain a risk conscious culture Diverse stakeholders views motivations across the value chain Executing the plan.