Intelligence and Risk Management
Yale School of Management
December 10, 2008
Yale SOM Working Paper No. OB-07 and PM-06
This paper summarizes a two-year project working with risk management specialists in finance, health care, political risk, engineering, and other fields to understand how risk management applies to intelligence and international security affairs. It distinguishes between two broad approaches for risk management implementation in complex organizations (large companies, the U.S. intelligence community). Tactical approaches focus on particular models (VaR, option theory, fault trees, etc.) while strategic approaches take an enlarged view of key managerial and contextual factors which shape the actual use of risk management. As environments become more turbulent, managers should focus far more on these strategic, rather than tactical approaches to managing risk.
Number of Pages in PDF File: 9
Keywords: risk management, integrated risk management, political risk, competitive intelligenceworking papers series
Date posted: December 21, 2008 ; Last revised: January 7, 2009
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