The Role of Risk in Strategy
The previous chapters have examined the ways in which risk management can go wrong, often under the influence of human factors that overwhelm procedural approaches to risk. What remains is to discuss potential solutions—ways of approaching risk that offer better opportunities to deal with the potential dangers.
KeywordsRisk Management Financial Crisis National Security Strategic Choice Risk Process
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- 1.Frank Camm, Lauren Caston, Alexander C. Hou, Forrest E. Morgan, and Alan Vick, Managing Risk in USAF Force Planning (Santa Monica, CA: The RAND Corporation, 2009), 4.Google Scholar
- 5.See, for example, Douglas W. Hubbard, The Failure of Risk Management: Why It’s Broken and How to Fix It (Hoboken, NJ: Wiley, 2009), 117–143.Google Scholar