Short description
Management expert Drucker argues that risk management – the ability to manage the unexpected – is as important as entrepreneurship and business skills in propelling economic growth. A society that is able to control and cushion against disaster is better able to deploy its resources towards economic and social advancement.
In this new edition, the authors build on their unique and respected model of risk management for students, academics and professionals in the southern African context.
Long description
This text provides an introduction to the fundamentals of operations management and is aimed at first-year students. It provides students with the conceptual tools to sift through organisational complexity and enables them to make managerial decisions about how to use available resources to create the operational capability to satisfy customers.
Table of contents
Chapter 1: Principles of management applied to managing risk
Chapter 2: Concept of risk
Chapter 3: Decision-making under conditions of risk and uncertainty
Chapter 4: Corporate governance and enterprise risk management
Chapter 5: Risk identification
Chapter 6: Risk evaluation
Chapter 7: Operational risk management
Chapter 8: Risk response: Risk control
Chapter 9: Risk financing
Chapter 10: Risk retention
Chapter 11: Captive insurance companies
Chapter 12: Insurance
Chapter 13: Finite insurance
Chapter 14: Capital market instruments
Chapter 15: Composite financing strategies