Tag "Enterprise risk management"
Risk management should span the company
Experience shows risk management can be pushed down from top levels to involve front-line staff. Because risk and uncertainty are often too complex for centralized systems to manage, it should
Risk is not limited to internal corporate audit
Could concentrating ERM functions in internal audit, under a supervising corporate audit committee, be an obstacle to developing effective enterprise-wide risk management? Managing risks should involve all levels of corporate management and staff,
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,
Companies shouldn’t risk how they manage risk
To quote UCLA Coach John Wooden, “Never mistake activity for achievement.” Integrating risk management into the corporate value chain is a daunting proposition. Policy is not enough. Execution is critical.
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
