Overview

"In The Black Swan Problem, renowned risk and finance expert H�kan Jankensg�rd delivers an extraordinary and startling discussion of how firms should navigate a world of uncertainty and unexpected events. It examines three fundamental, high-level strategies for creating resilience in the face of ""black swan"" risks, highly unlikely but devastating events: insurance, buffering, and flexibility: The author also presents: detailed case studies, stories, and examples of major firms that failed to anticipate Black Swan Problems and, as a result, were either wiped out or experienced a major strategy disruption; extending the usual academic focus on individual biases to analyze Swans from an organizational perspective and prime organizations to proactive rather than reactive action; practical applications and tactics to mitigate Black Swan risks and protect corporate strategies against catastrophic losses and the collateral damage that they cause; and strategies and tools for turning Black Swan events into opportunities, reflecting the fact that resilience can be used for strategic advantage. An expert blueprint for companies seeking to anticipate, mitigate, and process tail risks, The Black Swan Problem is a must-listen for students and practitioners of risk management, executives, founders, managers, and other business leaders."

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Hakan Jankensgard is associate professor of corporate finance at Lund University, where he teaches corporate valuation and corporate risk Mmanagement. He was formerly a corporate risk manager at Norsk Hydro and has published research on risk management in the Journal of Banking & Finance and Financial Management. Matthew Josdal is a voice-over and theater artist originally from a small town in southwest Saskatchewan. Matthew obtained his BFA in drama from the University of Saskatchewan in Saskatoon, where he currently resides. He has narrated audiobooks in genres ranging from historical nonfiction to contemporary fantasy, along with most things in between. In addition to a fifteen-plus year career in acting for both stage and microphone, he recently completed all of his requirements for his honors degree in psychology.

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