Rethinking Risk in National Security: Lessons of the Financial Crisis for Risk Management (Paperback) (ISBN-13: 9781349948871)

This book examines the role of risk management in the recent financial crises and applies the lessons learned to the national security realm. It rethinks the way risk contributes to strategy, with insights relevant to practitioners and scholars in national security as well as business. Over the past few years, the concept of risk has become one of the most commonly discussed issues in national security planning. And yet the experiences of the 2007-2008 financial crises demonstrated critical limitations in institutional efforts to control risk. The most elaborate and complex risk procedures could not cure skewed incentives, cognitive biases, groupthink, and a dozen other human factors that led companies to take excessive risk. By embracing risk management, the national security enterprise may be turning to a discipline just as it has been discredited.

Author: Michael J. Mazarr
ISBN-10: 134994887X
ISBN-13: 9781349948871
Publisher: Palgrave MacMillan
Language: English
Published: 04/27/2016
Pages: 246
Format: Paperback
Weight: 0.82lbs
Size: 9.24h x 6.11w x 0.58d