«Critical Risks of Different Economic Sectors»
Springer, January 2020
This book explores the major differences between the kinds of risk encountered in different sectors of industry - production (including agriculture) and services - and identifies the main features of accidents within different industries. Because of these differences, unique risk-mitigation measures will need to be implemented in one industry that cannot be implemented in another, leading to large managerial differences between these broad economic sectors. Based on the analysis of more than 500 disasters, accidents and incidents - around 230 cases from the production sector and around 280 cases from the service sector - the authors compare the risk response actions appropriate within different sectors, and establish when and how it is possible to generalize the experience of dealing with risks in any given industry to a wider field of economic activity. This book is mainly intended for executives, strategists, senior risk managers of enterprise-wide organizations and risk management experts engaged in academic or consulting work. By setting out clearly the sector differences in risk management, the authors aim to improve the practice of general risk assessment with regard to identifying and prioritizing risks, and of risk control with regard to planning appropriate mitigation measures.
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«Man-made Catastrophes and Risk Information Concealment»
Soshisha Publishing Co., August 2017
Japanese version of the book published by Soshisha Publishing Co.
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«Dynamics of Information Flow Before Major Crises:
Lessons from the Collapse of Enron, the Subprime Mortgage Crisis
and Other High Impact Disasters in the Industrial Sector»
Springer, September 2016
The analysis of the two largest financial disasters in the USA so far in the first decade of this century - the collapse of Enron in 2001 and the subprime mortgage crisis of 2007-2008 - suggests that the huge scale of these disasters stemmed from a lack of timely information. We present extensive evidence that regulators, investors and associates were not informed of the conditions and risks associated with the activities of Enron management in the first case, or with the assessment and underwriting of collateralized debt obligations (CDOs) in the second; and with little understanding of the "whole picture" of risks, they could not intervene decisively to prevent or minimize disaster. Moreover, we identify similar obstacles to the transmission of reliable risk information in past cases such as the Barings Bank crash, the Deepwater Horizon oil spill, the nuclear accidents at Chernobyl and Fukushima-Daiichi as well as in the current development of the US shale energy industry.
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«Man-made Catastrophes and Risk Information Concealment»
Springer, March 2016
The book reveals the results of Dmitry Chernov’s doctoral research, which was focused on understanding the obstacles within organizations that prevented the transmission of truthful, relevant, accurate and understandable intra-organization and inter-organization risk information in 45 major past disasters and five ongoing risky cases. The Three Mile Island nuclear accident, the Bhopal pesticide plant gas leak, the Challenger Space Shuttle disaster, the Chernobyl nuclear disaster, the Exxon Valdez and Deepwater Horizon oil spills, the subprime mortgage crisis and the Fukushima-Daiichi nuclear disaster are some of the cases treated in detail in the book. The research identified more than 30 repeated causes of failures within the cases considered, and confirmed that most of the factors which obstruct the free transmission of risk information have been consistently present across many major disasters, which have occurred throughout the world and in different historical periods according to quite similar scenarios.
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Doctoral thesis of Dmitry Chernov
(Doctor of Science in Risk Management of ETH Zurich (2015))
«Causes of Failures in Intra- and Inter-organizational Risk Information Transmission Before and During Major Disasters. Sector Differences in Risk Management».
ETH Zurich, March 2013 - November 2015
The doctoral research of Dmitry Chernov consisted of two separate undertakings.
The first was a study of the causes of failures in intra- and inter-organizational risk information transmission before and during major disasters. The second was an investigation of sector differences in risk management.
Abstract in PDF
Handbook for executives and media representatives of Russian Railways
«Reputation management in emergency situations»
Russian Railways, August 2012
Table of content in Russian
«Top 10 management mistakes in a crisis situation»
The Industrialist of Russia,
October 2011
«Leadership in a crisis situation»
The Industrialist of Russia,
December 2011
«What to do for the prevention of technological hazards»
The Industrialist of Russia,
January-February 2012
«First five steps in a crisis situation»
The Industrialist of Russia,
March 2012
«Sector differences of crisis situations»
The Industrialist of Russia,
April 2012
Additional books and publications of Dmitry Chernov on corporate strategy, general management, investor relations and service management will be presented on this site soon.