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Palgrave Macmillan

Risk-Based Performance Management

Integrating Strategy and Risk Management

ISBN 9780230301320
Publication Date November 2013
Formats Hardcover Ebook (PDF) Ebook (EPUB) 
Publisher Palgrave Macmillan

The world of business has undergone unparalleled change in recent years as a result of dramatic social, economic and political events. Senior managers are faced with a business landscape that bears little resemblance to the world in which they began their careers and are challenged with more risks than ever before.

A new model for management in a new time, this book introduces the Risk-Based Performance Management methodology. This pioneering and practical framework enables senior management to understand, manage and control the risks facing their organizations while exploiting emerging opportunities to gain and maintain competitive advantage. By establishing the wider context of change within business, from the Credit Crunch, the upheaval of the Arab Spring, the uncertainty created by the Euro-zone Crisis and the increasing global influence of social media, the authors explain how and why a revolution is taking place in how organizations are structured, regulated and go to market. This results-focused guide to embedding risk management into strategic and operational decision-making gives executive teams the tools to align their risk-taking to strategy, enabling them to drive sustainable success while operating within appetite.

Andrew Smart is CEO and Founder of Manigent, a strategy execution and risk management consulting firm and StratexSystems, a software company which develops an integrated strategy and risk management solution, StratexPoint. He has worked in the field of enterprise performance management and risk management for over 15 years, primarily in the financial services and other regulated industries. He holds an MBA from Henley Business School.

James Creelman is an author, practitioner and advisor specializing in the Balanced Scorecard and enterprise performance management. He is the author of more than 20 book or major research reports, most recently More with Less: Maximizing value in the public sector and Creating a Balanced Scorecard for a Financial Services Organization. James has consulted to public and private sector organizations across the globe and regularly leads both public and in-house training events. He is presently heading the Knowledge and Research Center for Palladium, the world's leading strategy execution consulting and training firm.

Table of Figures
Living in Turbulent Times: the Need for Risk-based Performance Management
Risk-Based Performance Management, an Explanation of this New Strategic Paradigm
Risk-Based Performance Management, a Roadmap for Delivering this New Strategic Paradigm
Clarify Strategy
Operationalize Change
Embed the Change (formerly known as 'Monitor and Analyse Results')
Model Future Uncertain
Ensuring a Risk-based Performance Culture
The Crucial Role of Technology
Conclusion and Call to Action


'This is the best handbook I have read on Risk Based Performance Management… It equips the manager with the knowledge, tools and road maps to successfully develop and implement RBPM in their organization'
−Kieran Rigby, CEO, GAB Robins Group, United Kingdom
'Grounded in compelling research and rich practical experience, readers and their organizations will gain greatly from their insights.'
−Brian Brodie, Former CEO, Homeloan Management Limited, United Kingdom
'Risk management has been often overlooked in strategy literature despite its immense importance. Smart and Creelman argue convincingly why, and in the light of recent crises, risk management and strategy should be integrated and show how.'
−Professor Hasan Cavusoglu, Ph.D. Sauder School of Business, Canada
'Not only an essential read but a necessary culture for any business attempting to compete and succeed post the financial crisis era.'
−Amer Shashati, Enterprise Risk Consultant, Saudi Telecom Group, Saudi Arabia
'We cannot pursue, and take advantage of, opportunities without taking on an element of risk... RBPM is a framework that will ensure we walk the road, safely avoiding obstacles, to reach our goals, whilst knowing when we need to change route to stay ahead of the other traffic.'
−Colin Lobley, Information Risk Management Consultant, United Kingdom
'Risk-Based Performance Management is a must read for all Strategy Execution practitioners. The book has made a tangible contribution towards successfully integrating Enterprise Risk Management with Enterprise Performance Management.'
−Rafael Lemaitre, Partner, ShiftIn Partners, United Arab Emirates
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