Donald Wherung and Kenneth R. Maccrimmon examine how the external factors of leaders lives effect their ability to manage and take risks.
Emphasizing the importance of a manager's ability and willingness to take risks in their business decisions, Taking Risks reveals how age, education, income, industry, and firm size, among other factors, affect a manager's drive to take risks.
"By far the most authoritative and comprehensive study of risk taking that I have ever seen. Must reading for business executives, social scientists, government officials, management scholars - anyone who face real-world pressures of making decisions or seeks to understand the process behind them." - James S. Dyer, Foster Parker Centennial Professor of Management and Finance, University of Texas - Austin
Rezensionen / Stimmen
Business Fascinating...should appeal to all managers for whom risk is an integral part of business life. Howard Kunreuther Professor of Decision Sciences and Public Management, Director of the Center for Risk and Decision Processes, The Wharton School This is the first time that extensive data on executive attitudes toward risk has been pulled together and analyzed...Very solid...will be of great interest to business managers and consultants as well as academics in business schools. James S. Dyer Foster Parker Centennial Professor of Management and Finance, University of Texas -- Austin Taking Risks is an excellent book -- by far the most authoritative and comprehensive study of risk taking that I have ever seen. Must reading for business executives, social scientists, government officials, management scholars -- anyone who faces the real-world pressures of malting decisions or seeks to understand the processes behind them.
Sprache
Verlagsort
Verlagsgruppe
Zielgruppe
Für höhere Schule und Studium
Für Beruf und Forschung
Produkt-Hinweis
Maße
Höhe: 229 mm
Breite: 152 mm
Dicke: 24 mm
Gewicht
ISBN-13
978-0-02-919563-5 (9780029195635)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Klassifikation
Kenneth R. MacCrimmon is Earle Douglas McPhee Professor of Management, Faculty of Commerce and Business Administration, the University of British Columbia. The former J.L. Kellogg Distinguished Professor of Strategy and Decision at Northwestern University, he is internationally known for his work on decision making, risk taking, and strategic management.
Contents
Preface
Acknowledgments
Part One: INTRODUCTION
Chapter 1 Essence of Risk
Introduction
Risky Situations
Risk Behavior
Risk Takers and Risk Averters
Preview of the Book
Chapter 2 Studying Risk
Introduction
Other Studies of Risk
Our Study of Risk
Part Two: RISK IN STANDARDIZED SITUATIONS
Chapter 3 Risk In-Basket: Adjusting Risky Business Situations
Introduction
Our Study
Research Findings
Conclusions
Chapter 4 Investment Gambles: Choosing in Risky Personal and Business Situations
Introduction
Our Study
Research Findings
Conclusions
Chapter 5 Risk-Return Rankings: Evaluating Risky Attributes of Personal Investments
Introduction
Our Study
Research Findings
Conclusions
Chapter 6 Real Money Wagers: Evaluating Gambles with Common Risk Components
Introduction
Our Study
Research Findings
Conclusions
Chapter 7 Managerial Summary and Implications: Studying Risk in Standardized Situations
Introduction
Risk Recognition and Evaluation
Risk Adjustment
Risky Choice
Part Three: RELATIONSHIPS AMONG RISK MEASURES
Chapter 8 Comparison of Risk Measures in Standardized Situations
Introduction
Measures of Risk Propersity
Research Findings
Conclusions
Chapter 9 Measuring Risk in Natural Situations and Attitudes
Introduction
Natural Situations
Attitudes
Natural Situations and Attitudes
Conclusions
Chapter 10 Characteristics Related to Risk
Introduction
Risk and Personal Characteristics
Risk and Financial Characteristics
Risk and Business Characteristics
Risk and Success
The Consistent Risk Averters and the Consistent Risk Takers
Conclusions
Chapter 11 Managerial Summary and Implications: Relationships among Risk Measures and Characteristics
Introduction
Risk Taking and Risk Averting
Characteristics Related to Risk
Part Four: ASSESSING YOUR OWN WILLINGNESS TO TAKE RISKS
Chapter 12 Assessing Your Own Willingness to Take Risks
Introduction
Comparing Your Willingness to Take Risks with the Risk-Neutral Responses
Comparing Your Willingness to Take Risks with the Managers in the Study
Uses of Risk Portfolios and Risk Profiles
Organizational Risk Profile for a Firm
Individual Risk Profiles
Summary
Appendix: Questionnaires in the Risk Portfolio
Notes
References
Index
