Strategy as a Risk Management Tool

Over the last decade, risk management has been an obsession of managers in a number of industries. But how much better are we at managing the significant risks in business than we were a decade ago? How could the financial crisis stemming from a number of uncontrolled financial practices have occurred if financial institutions were implementing sound risk management practices? Why did North American automobile companies fail to address the risks in their business that have resulted in their catastrophic decline? Read what professors Elspeth Murray and Peter Richardson have to say about the strategic planning process as truly effective risk management process.