Tag "competitive advantage"
GM’s risk management failures provide lessons for other firms
Strategic fails afford valuable lessons. There is something to be learned from the spectacular recent failure of General Motors’ once highly-touted enterprise risk management program. In 2012, G. Mustafa Mohatarem,
Risk management is at the core of strategy development
Strategy does not just happen. It is the result of a systematic process and risk management is at the core. Strategy is a dynamic process characterized by three distinct stages:
Corporate risk management still lags behind
The good news is strategic risk management is beginning to gain traction. The bad news is practitioners still think traditionally. A survey released recently by Deloitte and Forbes Insight, celebrates
Why corporate cultures needs to adopt risk management
If we accept the idea that risk management is part of a corporation’s competitive advantage, and thus part of its value chain, important implications follow. Key among them is Enterprise
A Secret for Success: Understanding Risk Management
If the state of risk analysis could stand some improvement, what does that say about risk management? The point is, flawed risk analysis leads to poor risk management: garbage in,
