Wiley Finance-The Two Headed Coin

Praise for THE TWO HEADED COIN “David and James bring the keen eyes of experienced practitioners, theorists, and educators to The Two Headed Coin. That unique combination of perspectives is necessary to convey to others the successful integration of strategy and risk to our pursuit of corporate goals. This ambition is at the heart of their book and I enjoyed the opportunity to read it.” —David R. Koenig, author, Governance Reimagined and The Board Member’s Guide to Risk “I greatly enjoyed reading this book. The use of a readily understood business to provide examples of the concepts developed through the book is helpful in putting risk, strategy, governance, and the integration of these into the practical context of real life.” —Francois Desjardins, former President and CEO, Laurentian Bank EXPLORE THE VITAL AND UNBREAKABLE CONNECTION BETWEEN RISK AND STRATEGY Although it’s often relegated to an isolated silo, risk management is a fundamental part of strategic planning. And in The Two Headed Coin, authors James L. Darroch and David Wm. Finnie show you the interplay between the two interconnected forces of risk and strategy. You’ll discover how to identify those risks that are essential to the strategic positioning and goals of your organization and those that can be translated into risks that the organization has the capability to manage. A rigorous and practical perspective on competitive advantage undergirds and informs more specific discussions of individual executive and leadership positions like the Chief Risk and Executive Officers. You’ll also find out how an unrelenting focus on culture and ethics can minimize the risk of sustaining large losses caused by aberrant and adverse behaviors. Finally, you’ll learn how to use real options and scenario planning to…