Here’s how Deloitte & Touche LLP principal Rick Funston defines the concept of “risk intelligence” in five words: “Managing risk before it manages you.”

Not bad for someone who recently invested tens of thousands of words on the same topic in his and co-author Stephen Wagner’s new book, “Surviving and Thriving in Uncertainty: Creating the Risk Intelligent Enterprise” (Wiley, 2010).

I asked Funston about various elements of risk intelligence in this Q&A chat that I conducted for Business Finance. ###