Think Risk

A Practical Guide to Actively Managing Risk

Shital Thekdi, Terje Aven

$263

Hardback

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English

Routledge
18 May 2023

Risk assessment; Business & management; Occupational & industrial health & safety; Fire protection & safety

Risk is the single most prevalent and enduring factor that influences every individual, organization, and society. People often seek protection from negative risk events, but also seek to take advantage of opportunities arising from positive risk events. We may feel overwhelmed by messages encountered in daily interactions with media and society, contributing to a sense of ambiguity over how to act in response to risk-related information and misinformation. We seek to leverage evidence and reason to find our own balance between both positive and negative outcomes in an uncertain world. This groundbreaking book delivers practical concepts and tools that empower readers to leverage innovations in risk science to improve their abilities to interpret, assess, communicate, and handle risk. It provides a practical non-quantitative approach to understanding the risk and making better decisions involving risk.

Think RISK covers several key themes in risk science: a) the main goals and strategies for understanding and managing risk; b) how readers can inform their risk stances by considering their own individual values and mission; c) the difference between risk and safety, and how that difference is critical for managing the risk; d) the role of psychological factors when understanding and managing the risk; e) the role of communication when understanding and managing the risk; and f) the general importance and incentives for effectively understanding and managing the risk.

Written for business professionals in all private and public sectors, this book will also be relevant to non-business professionals such as medical practitioners and policymakers and would be an ideal fit for executive education and seminar-style courses in universities, corporate book clubs, and training seminars. Because it’s based on foundational and scientifically accepted ideas and principles, the book should remain relevant for many years.

By: Shital Thekdi, Terje Aven
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 417g
ISBN: 9781032358925
ISBN 10: 1032358920
Pages: 130
Publication Date: 18 May 2023
Audience: College/higher education , Professional and scholarly , Adult education , Primary , Undergraduate
Format: Hardback
Publisher's Status: Active

Shital Thekdi is Associate Professor of Analytics and Operations at the University of Richmond. She has coauthored several papers on risk management and decision-making. Terje Aven is Professor of Risk Analysis and Risk Management at the University of Stavanger, Norway, since 1992. Previously he was also Professor (adjunct) of Risk Analysis at the University of Oslo and the Norwegian University of Science and Technology.