Managing Risk in Extreme Environments – Front–line Business Lessons for Corporates and Financial Institutions

Managing Risk in Extreme Environments takes readers through sophisticated risk management concepts and tools by way of insightful anecdotes and authoritative case studies. Offering an informative discourse on how risk management works in extreme situations, it gives readers an assessment of risk management strategies which is quite different from the highly abstract and mathematical versions practiced by businesses around the world every day. Duncan Martin discusses risk management across nine extreme environments, from epidemics to nuclear meltdown, featuring international interviews with front-line personnel. The final chapters outline the author's "seven laws" of extreme risk management, drawing out the implications for risk management in general and suggesting ways to transfer these lessons into the less extreme operational environments more applicable to other companies.