The management of risk

Brian Toft and Simon Reynolds
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Brian Toft: Marsh Ltd

Chapter Chapter 2 in Learning from Disasters: A Management Approach, 2005, pp 12-23 from Palgrave Macmillan

Abstract: Abstract In this chapter theoretical models and practical arguments will be developed to show that risk management is a cost-effective way of protecting organisations from both human and financial losses. The development of risk management as a discipline is discussed including some of the problems associated with its practical application within organisations.

Keywords: Negative Feedback Control; Civil Litigation; Practical Argument; Exchange Rate Mechanism; British Coal (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-27902-9_2

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DOI: 10.1007/978-1-349-27902-9_2

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