Risks are a huge part of the decision making process within business. Though it’s scary to put things on the line, risks can pay off in the long run. It takes experience to be capable of managing all areas in your business. Risk management is a skill that most people have to work towards. If you want to get better at your own decision making strategies, here are 5 risk management books you must read.
1. World-Class Risk Management by Norman Marks
In his book, Norman Marks discusses what world class risk management is. He has been recognized for his expertise in the subject. Norman shares his insight on how huge corporations and businesses are missing out by playing it safe. He claims that risks are an essential factor that goes into strong approaches and quality functioning of a business as a whole. “Norman’s open minded perspective makes his book different from the rest. Risk management skills are a great asset to any business, and Norman backs his claims up in World-Class Risk Management,” shares Dorian Blair, writer at Top writing service and Australianreviewer.
2. Decision Quality: Value Creation from Better Business Decisions by Carl Spetzler
Dr. Carl Spetzler wrote this book with his coauthors Hannah Winter and Jennifer Meyer. The main theme of this book is the value of being able to make good business related decisions. Dr. Spetzler specializes in decision science, and shares his views on making the best choices possible. The book includes a list of requirements necessary for making quality risks. Carl also covers the differences between a good decision versus a desirable outcome. This book is a perfect read if you are wanting to know what exactly goes into well thought out decisions. Knowing the science behind daily and business focused choices is important insight to have.
3. The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty by Sam Savage
Failing to separate yourself from other businesses that fear change will prevent you from achieving consistent success. In his book, Sam Savage discusses how many people underestimate the power risks hold. Savages reveals how businesses can prevent making common mistakes, and increase their ability to make better, smarter risks. He focuses on inspiring businesses owners and employees to work towards stepping out of their comfort zones. When too many businesses use the same approaches, they tend to all only receive average success. “The Flaw of Averages is a well written book that is targeted towards beginners and the most skilled individuals involved in business. Savage uses simple language to describe unique strategies that can help people make better choices,” shares Lawrence Conway, risk management blogger at Ukservicesreviews and Writing services reviews.
4. Financial Risk Management by Jimmy Skoglund and Wei Chen
When it comes to financial risk management, the risks involved are at an elevated level. Coauthors Jimmy Skoglund and Wei Chen share their insight of financial management. Financial Risk Management is a novel suitable for all audiences. Both authors provide readers with a refreshing perspective on how to properly manage business finances. Financial risk is described on a global scale, and Jimmy and Wei prove their leadership in the financial industry. They cover topics like market risk, management methods, profitability analysis and more. These two fincila experts dive deep into all sides of business financial management. This book is a great option if you want to become more finance savvy, growing more comfortable with taking higher financial risks.
5. Identifying and Managing Project Risk by Tom Kendrick
Tom Kendrick speaks about project related risk in his book. His work was so impactful, it is highly recognized in the risk management community. Tom covers how groups and teams can carefully plan and make smart risks. It’s harder for those working on group based projects to take efficient risks. This is due to differing opinions blocking end goals and expectations that are made by businesses. Tom gives readers strategies on how to effectively plan risk forward decisions when working with others. His novel is a wonderful read for business students, new employees, and management teams.
These 5 books are beneficial to both beginners and experts wanting to gain better risk management skills.
Writer Emily Henry works at Aacademic paper writing services and RatedWriting. She writes about business and risk management. Emily also tutors at Academized Review.