Tag "Risk management"
The long shadow of 2016
Events that unfolded in 2016 are likely to continue to affect senior level decision making processes in the foreseeable future as the global economy moves toward a period of heightened uncertainty.
The Russian National Guard: Putin’s bodyguards or a modern security force?
Rather than a tool of political oppression, the National Guard could be a reform to assist Russian security institutions in response to new challenges.
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
Managing differences between diversifiable and systemic risk
A hierarchical risk management system is not the best way to go. It is costly and the benefits are insufficient. Diversification suggests a different approach. In a letter to JPMorgan
Why corporate culture needs risk literacy
Risk can be calculated with at least fair amount of confidence. Uncertainty cannot. Therein lies confusion. It is important to recognize the distinction between two fundamental but closely related concepts
European Banking Union comes with fiscal discipline
By end 2014, the European Banking Union will be a reality. Aside from being aimed at restoring banking sector stability, there are far-reaching implications for fiscal discipline. The long-awaited European
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:
Sound risk management creates competitive advantage
Companies can be analyzed in terms of the relative maturity of their risk management practices. This helps us understand how a company uses risk management to create value and develop