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The Risk Management Process: Business Strategy and Tactics

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Title: The Risk Management Process: Business Strategy and Tactics
by Christopher L. Culp
ISBN: 0-471-40554-X
Publisher: John Wiley & Sons
Pub. Date: 23 March, 2001
Format: Hardcover
Volumes: 1
List Price(USD): $85.00
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Average Customer Rating: 4 (5 reviews)

Customer Reviews

Rating: 1
Summary: Uneven, Academic, and Often Inaccurate
Comment: This seems to be a digestion of some articles on risk management without the practical experience to make it useful for practicing risk managers.

Forget that much of the theory is dated, the notion of how risk managment works is incorrect. This isn't a good resource. Try the GARP website for better resources.

Rating: 5
Summary: Good Coverage of The Topic
Comment: This is a good coverage of the subject for a student introduction. "Iceberg Risk" and "Beyond Value at Risk" by Kevin Dowd are also recommended for students who intend to practice in this field.

Rating: 5
Summary: Highly Recommended!
Comment: Christopher Culp definitively combines a thorough reference work on company-wide risk management with a sweeping discussion of the best hedging practices. Since this is also a textbook, you'll find the kind of math that would make even Einstein sweat. But, as the author notes, he's written this book for senior managers, so you have a note from the teacher that you can skip the math and statistics if you have a staff for that. Instead, apply your executive thinking skills to absorbing Culp's excellent lessons in risk management theory and practice. We from getAbstract recommend this book to senior managers and directors - in other words, any executives who create, implement or supervise risk management strategies.

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