The Black Swan Problem: Risk Management Strategies for a World of Wild Uncertainty
Hakan Jankensgård
Jun 2022 · Gildan Media · Narrated by Matthew Josdal
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11 hr 52 min
Unabridged
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Eligible
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About this audiobook
In The Black Swan Problem, renowned risk and finance expert Håkan Jankensgård delivers an extraordinary and startling discussion of how firms should navigate a world of uncertainty and unexpected events. It examines three fundamental, high-level strategies for creating resilience in the face of "black swan" risks, highly unlikely but devastating events: insurance, buffering, and flexibility:
The author also presents: detailed case studies, stories, and examples of major firms that failed to anticipate Black Swan Problems and, as a result, were either wiped out or experienced a major strategy disruption; extending the usual academic focus on individual biases to analyze Swans from an organizational perspective and prime organizations to proactive rather than reactive action; practical applications and tactics to mitigate Black Swan risks and protect corporate strategies against catastrophic losses and the collateral damage that they cause; and strategies and tools for turning Black Swan events into opportunities, reflecting the fact that resilience can be used for strategic advantage. An expert blueprint for companies seeking to anticipate, mitigate, and process tail risks, The Black Swan Problem is a must-listen for students and practitioners of risk management, executives, founders, managers, and other business leaders.
The author also presents: detailed case studies, stories, and examples of major firms that failed to anticipate Black Swan Problems and, as a result, were either wiped out or experienced a major strategy disruption; extending the usual academic focus on individual biases to analyze Swans from an organizational perspective and prime organizations to proactive rather than reactive action; practical applications and tactics to mitigate Black Swan risks and protect corporate strategies against catastrophic losses and the collateral damage that they cause; and strategies and tools for turning Black Swan events into opportunities, reflecting the fact that resilience can be used for strategic advantage. An expert blueprint for companies seeking to anticipate, mitigate, and process tail risks, The Black Swan Problem is a must-listen for students and practitioners of risk management, executives, founders, managers, and other business leaders.
In The Black Swan Problem, renowned risk and finance expert Håkan Jankensgård delivers an extraordinary and startling discussion of how firms should navigate a world of uncertainty and unexpected events. It examines three fundamental, high-level strategies for creating resilience in the face of "...
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About the author
Håkan Jankensgård is associate professor of corporate finance at Lund University, where he teaches corporate valuation and corporate risk Mmanagement. He was formerly a corporate risk manager at Norsk Hydro and has published research on risk management in the Journal of Banking & Finance and Financial Management.
Originally from a small town in southwest Saskatchewan, Matthew Josdal is a voice-over and theater artist who has narrated titles in a wide range of genres, including historical nonfiction and contemporary fantasy. He obtained his BFA in drama from the University of Saskatchewan in Saskatoon, where he currently resides.
Håkan Jankensgård is associate professor of corporate finance at Lund University, where he teaches corporate valuation and corporate risk Mmanagement. He was formerly a corporate risk manager at Norsk Hydro and has published research on risk management in the Journal of Banking & Finance and Fina...
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