Managing Risk in Extreme Environments

Article excerpt

MANAGING RISK IN EXTREME ENVIRONMENTS

BY DUNCAN MARTIN

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Navigating the day-today dangers of the business world constitutes the bulk of every risk manager's ob. But the true test--or at least the one the bosses will remember--is the extreme. When the going gets tough, will you get going?

This recent book by Duncan Martin helps ensure you will. Through nine case studies and more than 50 expert interviews, Martin offers in-depth insight on how to deal with any disaster from epidemic and nuclear meltdown to wildfire and flood. This should not be confused with a run-of-the-mill catastrophe management lesson, however, as few publications could hope to offer the insight of such an array of global specialists, who include UK special forces officers, former Chernobyl engineers, surgeons, mountain guides, former smokejumpers, underwater oil rig maintenance divers and clinical psychologists.

THE FANTODS OF RISK: ESSAYS ON RISK MANAGEMENT

BY H. FELIX KLOMAN

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For more than 30 years, H. Felix Kloman was author, editor and publisher of Risk Management Reports, one of the industry's more enduring and provocative publications. In Fantods, we take a look back at some of the most significant of these articles and essays (as well as some appearing in other publications), many of which strive to define risk and others that aim to broaden these definitions. With his unique perspective, Kloman harkens the wisdom of historic luminaries such as John Adams, William Wordsworth and Blaine Pascal, and illustrates his topical points on such industry-defining topics as climate change, Katrina, avian flu and Eliot Spitzer by referencing the proverbial frog in boiling water, the lessons of Shackleton's Endurance, the tale of Chicken Little, and a dead parrot born from Monty Python, respectively. …