Attitudes of UK managers to risk and uncertainty

In todays fast-changing world, business must be flexible to survive and risks and opportunities must be accurately identified and evaluated if they are to be managed successfully. A number of well-publicised financial disasters in recent years reinforce this point. These disasters have compelled regulatory authorities and professional bodies to examine whether companies have systems in place to manage the risks that they face and to report on these systems to outside stakeholder groups. To date, much of the emphasis has been on the appropriateness of different systems for evaluating different risks and the usage of financial products for risk management purposes. This report adopts a different perspective and concentrates on the attitudes to risk of employees within firms.