The objective of the multi-volume book Developments in Managing and Exploiting Risk is to offer
a balanced view to enable the reader to better appreciate risk as a counterpart to reward and
to understand how to holistically manage both elements of this duality. Crises can challenge
any organization and with a seemingly endless stream of disruptive and even catastrophic
events taking place there is an increasing emphasis on preparing for the worst. However being
focused on the negative aspects of risk without giving consideration to the positive
attributes may be shortsighted. Playing it safe may not always be the best policy because
great benefits may be missed. Analyzing risk is difficult in part because it often entails
events that have never occurred. Organizations being mindful of undesirable potential events
are often keenly averse to risk to the detriment of capitalizing on its potential
opportunities. Risk is usually perceived as a negative or downside but a commensurate weight
should also be given to the potential rewards or upside when evaluating new ventures. Even so
too much of a good thing may create unintended consequences of positive risk which is also an
undesirable situation. Developments in Managing and Exploiting Risk provides a professional and
scholarly venue in the critical field of risk in business with particular emphasis on
decision-making using a comprehensive and inclusive approach.
