Further Readings for Lesson 6:Risk Management and Failure

Recommended Reading List

Books

1. Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb
   This book explores the concept of black swan events and how they can have a profound impact on businesses and individuals. Understanding the unpredictable nature of risks is crucial for effective risk management.
2. The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses by Eric Ries
   Ries introduces the methodology of lean startup, emphasizing the importance of rapid iteration and learning from failures. This book provides practical advice on minimizing risks and maximizing chances of success.
3. Antifragile: Things That Gain from Disorder by Nassim Nicholas Taleb
   Taleb presents the concept of antifragility — systems that become stronger and thrive under shocks and volatility. Understanding how to cultivate antifragility is vital for managing risks and building resilience in business.
4. Thinking, Fast and Slow by Daniel Kahneman
   Kahneman explores the two systems of thought that drive decision-making. This book helps in understanding cognitive biases and how they can impact risk assessment and decision-making processes.
5. The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail by Clayton M. Christensen
   Christensen discusses the challenges faced by established companies in adapting to disruptive technologies. Understanding how to navigate technological disruptions and adapt to changing markets is critical for effective risk management.

Scholarly Articles

1. "The Art of Risk Management: What Makes a Good Risk Manager?" by Anagnostopoulos, Varoutas, and Siomkos
   This article explores the qualities and competencies required for effective risk management. It provides valuable insights into the role of risk managers in identifying, evaluating, and mitigating risks.
2. "The Role of Resilience for Entrepreneurial Success: A Review of Conceptual, Empirical, and Critical Literature" by Kuckertz, Brändle, and Gaudig
   This review examines the concept of resilience and its influence on entrepreneurial success. It offers insights into how entrepreneurs can develop and leverage resilience to overcome failures and setbacks.
3. "From Failure to Recovery: Learning from Entrepreneurial Failure and Bouncing Back" by Shepherd, Haynie, and McMullen
   This research paper investigates the process of learning from entrepreneurial failure and recovering from setbacks. It provides insights into the strategies and mechanisms that facilitate successful recovery and growth.
4. "A Systematic Review of Business Failure Prediction Research: Guidelines for Future Research" by Olhager and Österman
   This systematic review analyzes existing research on business failure prediction. It offers guidance on identifying potential warning signs and improving risk assessment for more effective risk management.
5. "Building a Recovery Plan: Key Considerations and Strategies for Business Resilience" by Newman, Zambrano, and Huang
   This article explores the components of a recovery plan and offers strategies for business resilience. By understanding the key considerations and best practices, entrepreneurs can prepare for and navigate through potential failures.