Exploiting Future Uncertainty

Author: David Hillson
Publisher: Taylor & Francis
ISBN: 1351937707
Category : Business & Economics
Languages : en
Pages : 221

Book Description
Whatever the future holds, one thing is sure: nothing is certain except uncertainty. Prediction is always hard, especially about the future, but the biggest risk is not taking any risk at all. All businesses face significant levels of uncertainty these days. To succeed you need to exploit future uncertainty, turning it to your advantage by managing risk effectively. This book shows you how. In his role as The Risk Doctor, international risk consultant Dr David Hillson has advised many major organisations across the globe, showing them how to create value from risk. Now you can benefit from his unique approach and insights. Exploiting Future Uncertainty contains more than sixty focused briefings, each addressing a key part of the risk challenge. Using five themes, David covers the links between better business and risk-taking, basic risk concepts, making risk management work in practice, people aspects, and managing risk in the wider world. Each section is packed with clear practical advice with specific how-to tips and guidance. David Hillson is one of the most influential writers and consultants on risk and in Exploiting Future Uncertainty he offers his prescription for effective risk management in 21st Century businesses.

Entrepreneurial Action

Author: Andrew C. Corbett
Publisher: Emerald Group Publishing
ISBN: 1780529015
Category : Business & Economics
Languages : en
Pages : 327

Book Description
Volume 14 addresses the central issue of entrepreneurial action: while many factors are important to the phenomenon of entrepreneurship, entrepreneurship does not happen until someone takes action!

Hacking Uncertainty

Author: Price Pritchett
Publisher:
ISBN: 9780944002490
Category :
Languages : en
Pages : 23

Book Description

Transnational Corporations and the Exploitation of Natural Resources

Author: Bruce McKern
Publisher: Taylor & Francis
ISBN: 9780415085434
Category : Business & Economics
Languages : en
Pages : 394

Book Description

The Uncertainty Mindset

Author: Vaughn Tan
Publisher: Columbia University Press
ISBN: 0231551878
Category : Social Science
Languages : en
Pages : 296

Book Description
Innovation is how businesses stay ahead of the competition and adapt to market conditions that change in unpredictable and uncertain ways. In the first decade of the twenty-first century, high-end cuisine underwent a profound transformation. Once an industry that prioritized consistency and reliability, it turned into one where constant change was a competitive necessity. A top restaurant’s reputation and success have become so closely bound up with its ability to innovate that a new organizational form, the culinary research and development team, has emerged. The best of these R&D teams continually expand the frontiers of food—they invent a constant stream of new dishes, new cooking processes and methods, and even new ways of experiencing food. How do they achieve this nonstop novelty? And what can culinary research and development teach us about how organizations innovate? Vaughn Tan opens up the black box of elite culinary R&D to provide essential insights. Drawing on years of unprecedented access to the best and most influential culinary R&D teams in the world, he reveals how they exemplify what he calls the uncertainty mindset. Such a mindset intentionally incorporates uncertainty into organization design rather than simply trying to reduce risk. It changes how organizations hire, set goals, and motivate team members and leads organizations to work in highly unconventional ways. A revelatory look at the R&D kitchen, The Uncertainty Mindset upends conventional wisdom about how to organize for innovation and offers practical insights for businesses trying to become innovative and adaptable.

Managing the Continuum: Certainty, Uncertainty, Unpredictability in Large Engineering Projects

Author: Franco Caron
Publisher: Springer Science & Business Media
ISBN: 8847052440
Category : Technology & Engineering
Languages : en
Pages : 89

Book Description
The brief will describe how to develop a risk analysis applied to a project , through a sequence of steps: risk management planning, risk identification, risk classification, risk assessment, risk quantification, risk response planning, risk monitoring and control, process close out and lessons learning. The project risk analysis and management process will be applied to large engineering projects, in particular related to the oil and gas industry. The brief will address the overall range of possible events affecting the project moving from certainty (project issues) through uncertainty (project risks) to unpredictability (unforeseeable events), considering both negative and positive events. Some quantitative techniques (simulation, event tree, Bayesian inference, etc.) will be used to develop risk quantification. The brief addresses a typical subject in the area of project management, with reference to large engineering projects concerning the realization of large plants and infrastructures. These projects are characterized by a high level of change, uncertainty, complexity and ambiguity. The brief represents an extension of the material developed for the course Project Risk Analysis and Management of the Master in Strategic Project Management (Erasmus Mundus) developed jointly by Politecnico di Milano, Heriot Watt University (Edimburgh) and Umea (Sweden). The brief may be used both in courses addressing project management subjects and by practitioners as a guide for developing an effective project risk management plan.

Gower Handbook of Project Management

Author: Professor J Rodney Turner
Publisher: Gower Publishing, Ltd.
ISBN: 1472422988
Category : Business & Economics
Languages : en
Pages : 1036

Book Description
Over five editions, Gower Handbook of Project Management has become the definitive desk reference for project management practitioners. The Handbook gives an introduction to, and overview of, the essential knowledge required for managing projects. The selected team of contributors includes many of the most experienced and highly regarded international writers and practitioners. The Fifth Edition has been substantially restructured. All but two of the authors are new, reflecting the fast changing and emerging perspectives on projects and their management. The discrete nature of each chapter makes this Handbook a wonderful source of advice and background theory that is easy to consult. Gower Handbook of Project Management is an encyclopaedia for the discipline and profession of project management; a bible for project clients, contractors and students.

Making Risky and Important Decisions

Author: Ruth Murray-Webster
Publisher: CRC Press
ISBN: 1000393259
Category : Business & Economics
Languages : en
Pages : 124

Book Description
This book offers a practical insight to leaders who need to make good decisions in risky and important situations. The authors describe a process for making risk-intelligent decisions, explaining complex ideas simply, and mapping a route through the myriad interrelated influences when groups make decisions that matter. The approach puts the decision maker—you—at the center and explains how you can think and act differently to make better decisions more of the time. The book shows how to Determine the appropriate level of risk Make decisions in uncertain and turbulent conditions Understand how risks are perceived to identify them accurately Develop new behaviors to improve decision-making Making Risky and Important Decisions: A Leader’s Guide builds on earlier ground-breaking publications from these two recognized thought leaders. Their first book together, Understanding and Managing Risk Attitude, brought together the language of risk and risk-taking with the language of emotional intelligence and emotional literacy. Managing Group Risk Attitude followed, and focused on decision-making groups, creating new insights and frameworks. Both books are positioned as specialist textbooks, despite their relevance to real-world situations. A Short Guide to Risk Appetite brought together the concepts of risk appetite and risk attitude into one place for the first time, cutting through confusing terminology and confused thinking to create a practical way of understanding "how much risk is too much risk." This latest installment from Ruth Murray-Webster and David Hillson takes the breadth of their previous work, adds new insights and thinking, and distills it into a highly usable guide for hard-pressed leaders.

Hybrid Offline/Online Methods for Optimization Under Uncertainty

Author: A. De Filippo
Publisher: IOS Press
ISBN: 1643682636
Category : Computers
Languages : en
Pages : 126

Book Description
Balancing the solution-quality/time trade-off and optimizing problems which feature offline and online phases can deliver significant improvements in efficiency and budget control. Offline/online integration yields benefits by achieving high quality solutions while reducing online computation time. This book considers multi-stage optimization problems under uncertainty and proposes various methods that have broad applicability. Due to the complexity of the task, the most popular approaches depend on the temporal granularity of the decisions to be made and are, in general, sampling-based methods and heuristics. Long-term strategic decisions that may have a major impact are typically solved using these more accurate, but expensive, sampling-based approaches. Short-term operational decisions often need to be made over multiple steps within a short time frame and are commonly addressed via polynomial-time heuristics, with the more advanced sampling-based methods only being applicable if their computational cost can be carefully managed. Despite being strongly interconnected, these 2 phases are typically solved in isolation. In the first part of the book, general methods based on a tighter integration between the two phases are proposed and their applicability explored, and these may lead to significant improvements. The second part of the book focuses on how to manage the cost/quality trade-off of online stochastic anticipatory algorithms, taking advantage of some offline information. All the methods proposed here provide multiple options to balance the quality/time trade-off in optimization problems that involve offline and online phases, and are suitable for a variety of practical application scenarios.

Deposit and Geoenvironmental Models for Resource Exploitation and Environmental Security

Author: Andrea G. Fabbri
Publisher: Springer Science & Business Media
ISBN: 9401003033
Category : Science
Languages : en
Pages : 566

Book Description
Geological processes affect the earth itself and human society. Solutions to geological problems, whether natural or man-made, demand close international collaboration. This book presents new approaches to current problems of environmental assessment, demonstrates the interactions between those involved in addressing global problems, and represents a means for the education of others. The book focuses on four major themes: geoenvironmental models, GIS methods and techniques, assessment and resource management, and resource policies and sustainable development. The major topics falling under each theme are introduced, followed by discussions of specific applications. Reports of the discussions of working groups are also presented to round out the individual contributions. The disciplines represented include geology, geophysics, geochemistry, remote sensing, economics, biology, mining engineering, resource analysis, mathematics and statistics.