Discover the interplay between strategy and risk in this insightful new resource from two experts in the financial industry&nbsp;who have&nbsp;applied&nbsp;their knowledge to multiple&nbsp;industries&nbsp; In&nbsp;The&nbsp;Two Headed Coin, accomplished authors&nbsp;James L. Darroch and David&nbsp;Wm.&nbsp;Finnie deliver&nbsp;an insightful&nbsp;exploration of the interplay between strategy and risk that underlies&nbsp;the operational framework of successful organizations. You'll learn&nbsp;which risks are fundamental to the strategic positioning and goals of your organization and which are not. You'll also discover the importance of an independent risk function,&nbsp;e,g., the CRO,&nbsp;&nbsp;and&nbsp;its&nbsp;invaluable role as&nbsp;part of the strategic process.&nbsp; You'll also find:&nbsp; <ul> <li>A thorough discussion of the notion of competitive advantage and how it relates to risk&nbsp;</li> <li>An exploration of consumer perception and reputation as an asset to be managed&nbsp;</li> <li>How to use scenario planning and real options to provide a framework for managing uncertainty&nbsp;</li> <li>How a focus on culture and ethics can minimize the risk of large losses due to adverse behaviors&nbsp;</li> </ul> Perfect for&nbsp;risk management and strategy professionals&nbsp;The Two Headed Coin&nbsp;will also earn a place in the libraries of&nbsp;executives and managers who wish to improve their ability to integrate&nbsp;strategic and&nbsp;risk&nbsp;thinking to create competitive advantage.&nbsp;

The Two Headed Coin: Unifying Strategy and Risk in Pursuit of Performance (Wiley Finance)

Business & Money

Finnie, David Wm.

Darroch, James L.

Economics

wiley

Winner of the 2018 Donner Prize for the Best Public Policy Book by Canadian authors, Stumbling Giants by Patricia Meredith and James L. Darroch presents a compelling new vision of the Canadian banking industry in which stakeholders work together to propel the country’s banking system into the twenty-first century. 
 Canada’s big six banks survived the 2008 financial crisis by adhering to traditional banking practices, which made them a safe harbour amidst the turmoil. With banks earning 40 per cent return on equity from practices such as in-person retail banking, pressure from investors with short-term interests continues to discourage technological innovation and adaptation. 
 However, today’s global information economy has transformed the financial lives of individuals and companies alike. Meredith and Darroch argue that Canadian banks refuse to address the disruptive info-tech changes that ultimately threaten their very existence. The authors also set forth a cohesive set of recommendations to prepare the nation’s banks for the challenges and opportunities offered by the digital age. 
 This call to action for the Canadian banking will resonate with financial sector managers, policy makers, and, above all, general readers.

Stumbling Giants: Transforming Canada's Banks for the Information Age (Rotman-Utp Publishing)

Meredith, Patricia

Rotman-UTP Publishing

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Books by Darroch, James L.