Global Risk: Business Success in Turbulent Times

Intheblack, Mar 2008 by Parker, Derek

Global Risk: Business Success in Turbulent Times By Sean Cleary and Thierry Malleret Palgrave, $49.95

In a globalised economy, risk management has become a necessity - but that hasn't made it any easier. Cleary and Malleret, with a wealth of academic and consulting experience between them, provide an excellent overview of the current issues, but the most interesting aspect of the book is the four case studies they examine: large-scale jihadist attacks, collapse of a major hedge fund, pandemics and radical climate change. They provide some useful answers, ranging from decentralisation of crucial business functions to specialist Insurance bonds. But they underline the point that the best protective measures are careful planning and an awareness of one's own vulnerabilities.