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Risk Management – Introduction

Strategy Driven

All organizations face a host of risks incurred during the conduct of day-to-day business operations and stakeholder interactions. Risk = Probability of an adverse event’s occurrence times the severity of the event’s impact should it occur. Focus of the Risk Management Topic.

Why have a Risk Management Program?

Strategy Driven

Most people think of risk management as an insurance policy, the price paid to help prevent potentially negative outcomes from being realized by their company. Such a view leads to the conclusion that risk management is a business expense with a highly subjective value proposition.

Risk Management Best Practice 4 – Risk Quantification

Strategy Driven

Each organization faces a unique set of risks challenging the continuity of its operations. All risks, however, are not equal. In order for an organization’s leaders to economically manage their business’s risks, they must first understand each risk’s inherent and residual value.

Risk Management Best Practice 5 – Ongoing Risk Monitoring

Strategy Driven

Every organization is challenged by risks manifest through its many different day-to-day operations. To help monitor and manage these risks, most organizations employ groups providing performance and compliance risk assurance so that significantly adverse consequences are avoided.

Risk Management – Principles for Responding to Unexpected, Catastrophic Black Swan Events

Strategy Driven

The post Risk Management – Principles for Responding to Unexpected, Catastrophic Black Swan Events appeared first on StrategyDriven.

Risk Management Best Practice 5a – Monitoring for Organization-Wide Performance Risk Associated with Large Capital Projects

Strategy Driven

Consequently, executive and manager attention and financial support may be disproportionately applied to the capital project(s), particularly in the event of overruns, at the detriment of problem resolution at the organization’s other operating assets. StrategyDriven Risk Management Forum.

StrategyDriven Launches Operational Risk Management Resource Forum

Strategy Driven

StrategyDriven is proud to announce the launch of a risk management resource forum; providing innovative thought leadership and collaboration opportunities to help leaders effectively address their most pressing operational risks. Risk Management – Introduction.

Simple Ethics Rules for Better Risk Management

Harvard Business Review

For far too long, managing risk has been seen as an esoteric business function — designed to control losses and adhere to compliance standards. But as more organizations fall prey to complex intangible risks, from unwanted disclosure due to rampant cyber threats to breaches of conduct driven by skewed incentive systems, the aperture of risk management is expanding from protecting the balance sheet to promoting ethical leadership and values-based decision making.

Mentoring and Lifelong Learning

Strategy Driven

If you cannot take the dirtiest job in any company and do it yourself, then you will never become “management.” The management that takes steps to “fix themselves” rather than always projecting problems upon other people will have a successful organization.

Risk Management – Value of Effective Risk Management

Strategy Driven

Most think of risk management as an insurance policy, the price paid to help prevent potentially negative outcomes. Such a view leads to the conclusion that risk management is a business expense with a highly subjective value proposition.

Management Styles

Strategy Driven

Organizations should coordinate management skills into its overall corporate strategy, in order to satisfy customer needs profitably, draw together the components for practical strategies and implement strategic requirements to impact the business. Under it, people were managed.

The Making of Legends

Strategy Driven

I developed the concept of integrating Pop Culture Wisdom with management training and business planning over the last 40 years. There have been books on fundraising and some articles on volunteer management and the business aspects of running non-profit organizations.

Public Service Announcements

Strategy Driven

I performed a management study for my state comptroller’s office. Non-profit organizations and the causes they promote are greatly served by enlightening the public. Public education is an important part of the charge for those organizations.

Complimentary Resource – Operational Risk Management

Strategy Driven

Operational Risk Management. Without a consistent way to manage people, assets, and process safety, companies are more susceptible to risks that drive up costs and can cause serious incidents. How to manage operational risks while delivering return on investment?

Risk Management Warning Flag 2 – Normalcy Bias

Strategy Driven

Failing to adequately prepare for adverse events places an organization at significant risk. While it is impossible, if not impractical, to prepare for every eventuality, leaders sometimes ignore seemingly obvious risks. Corporate Risk Analysis, Management, and Mitigation.

The Olympics as a Story of Risk Management

Harvard Business Review

Risk management is now at the heart of the governance model for the Olympic Games and the Olympic movement, and not only because of their growing scale and complexity. Long timelines mean greater vulnerability to emerging risks—that is, dangers with a large potential impact that are not well understood or easily quantified, or which emerge as the unanticipated result of disparate causal processes interacting. Project management Risk management Strategy LOCOG IOC

Nick Gogerty: Part 2 of an interview by Bob Morris

First Friday Book Synopsis

He lectures in Columbia University’s MBA value investing program on innovation, macro-economic portfolio, and scenario risk management. […]. Nick is the author of The Nature of Value: How to Invest in the Adaptive Economy (Columbia University Press 2014) and was involved in a technical confidential project with one of the world’s largest global macroeconomic hedge funds.

Hedge 57

Extra Steps Your Business Should Take When Risks Are Involved

Strategy Driven

There is no risk-free way of doing it. So, you should try to learn how to handle risks better. Your business will face all kinds of different risks. So, here are some of the extra steps you’ll need to take to keep your business safe when risks are involved.

The Big Picture of Business – Achieving the Best by Preparing for the Worst: Lessons Learned from High-Profile Crises, part 3 of 4

Strategy Driven

The same planning process that nurtures Crisis Preparedness can and must also accommodate for Crisis Management. This is regarded as a premiere textbook case of quality crisis management. Effective Crisis Handling, Case Studies. Crises can and will happen to good organizations.

The Big Picture of Business – Achieving the Best by Preparing for the Worst: Lessons Learned from High-Profile Crises, part 2 of 4

Strategy Driven

Current management of both companies were ill-advised on handling the crises. When they are compelled to do so, company leadership will provide leadership for change management and re-engineering…two of the many worthwhile concepts that should be advocated every business day.

How Mature is Your Risk Management?

Harvard Business Review

For years, companies have been pouring money into people, processes, and technology that can help them manage risk. Most have done a great job of containing their financial reporting and compliance risks. But what about the more strategic risk areas, such as those related to emerging market entry or acquisition growth strategies? At the same time, they are effectively containing financial reporting and compliance risks.

Adverse selection: 6 ways employers repel top talent

Lead Change Blog

Posted in Leadership Development Workplace Issues Is your company inadvertently pushing good people away? Are some of your best performers leaving? If so, “adverse selection” may be at work in your organization. Have you pinpointed all the ways you are driving diversity out of your enterprise?

Value-Added Leadership

Strategy Driven

This ladder holds true for managers and employees within the organization, as well as outside consultants brought in. When all succeed, then profitability is much higher and more sustained than under the Hard Nose management style. Managers and employees begin seeing themselves as leaders and grow steadily into those roles. Business is run economically and efficiently, with excellent accounting procedures, payables-receivables practices and cash management.

Managers: What’s Your Plan B?

Lead Change Blog

For career and business success, it’s worth pursuing a middle ground—one where we take calculated risks but have a fallback strategy in case Plan A craters. Leadership Coaching contingency planning Leadership Leadville Lessons from History Management mining paradigm shift risk management

Leadership Caffeine—Teaching Your Firm to Survive a Crisis

Management Excellence

Leadership Leadership Caffeine Strategy Crisis Communication Crisis Management Ethics Risk Management TransparencyWe've Moved! Update your Reader Now. This feed has moved to: [link] Update your reader now with this changed subscription address to get your latest updates from us.

Complimentary Resource – Enterprise Risk Management (ERM) Healthcheck

Strategy Driven

Enterprise Risk Management (ERM) Healthcheck. Minimize total cost of risk. Click here for more information on Enterprise Risk Management (ERM) Healthcheck. You just finished reading Complimentary Resource - Enterprise Risk Management (ERM) Healthcheck !

Risk Management Best Practice 3 – Procedure Annotation and Commitment Tracking

Strategy Driven

You just finished reading Risk Management Best Practice 3 - Procedure Annotation and Commitment Tracking ! Premium Procedure Development Risk Management business leadership business management operational risk management procedure development risk management strategydriven

Risk Management Best Practice 2 – Integrated Risk Assurance Oversight Matrix

Strategy Driven

This oversight takes many forms from internal audits, self-assessments, management observations, and quality checkpoints embedded within the processes themselves. These points of oversight, however, may individually fall short from providing fully effective compliance risk assurance.

Make Everyone a Risk Manager

Harvard Business Review

By the nature of their work, people at The University of California, where I serve as Chief Risk Officer, are risk takers. UC manages three U.S. So, how do we align faculty and staff risk appetites with what the system can tolerate? MORE ON MANAGING RISKY BEHAVIORS.

Complimentary Resource – Enterprise Risk Management (ERM) Healthcheck

Strategy Driven

Enterprise Risk Management (ERM) Healthcheck. Minimize total cost of risk. Click here for more information on Enterprise Risk Management (ERM) Healthcheck. You just finished reading Complimentary Resource - Enterprise Risk Management (ERM) Healthcheck !

Compliance And Risk Management In Today's Business World

Eric Jacobson

Dave Yarin is a compliance and risk management consultant to senior management and directors of large and mid-size companies, and author of the soon to be published book, Fair Warning – The Information Within. Compliance Dave Yarin Fair Warning Leadership Risk Management

Can Your Company’s Operations Cause a Black Swan Event?

Strategy Driven

Before we answer the question of whether or not your company’s operations could cause a Black Swan event, I need you to consider your organization’s risk tolerance as we’ll be defining the Black Swan event in those terms.

The Big Picture of Business – Achieving the Best by Preparing for the Worst: Lessons Learned from High-Profile Crises, part 4 of 4

Strategy Driven

Crisis management is so much more than handling of the media. We therefore mounted a full-scope crisis management initiative that focused heavily on after-the-crisis help for the victims and their families. There are three aspects to Crisis Management and Preparedness.

Complimentary Resource – Operational Risk Management: How Best-in-Class Manufacturers Improve Operating Performance with Proactive Risk Reduction

Strategy Driven

Operational Risk Management : How Best-in-Class Manufacturers Improve Operating Performance with Proactive Risk Reduction. Click here for more information on Operational Risk Management : How Best-in-Class Manufacturers Improve Operating Performance with Proactive Risk Reduction.

Risk Management Best Practice 1 – Map Corporate Risks to Operational Processes

Strategy Driven

All enterprises face a unique set of risks that threatens long-term organizational success and viability. Like corporate level performance measures, it can be difficult to readily ‘see’ the day-to-day activities that initiate, amplify, or mitigate these risks.

StrategyDriven White Paper Advises Leaders on Preventing Catastrophic Industrial Accidents

Strategy Driven

StrategyDriven’s Preventing Catastrophic Industrial Accidents reveals how high-risk industry leaders can reduce their significant event risk exposure through application of safety-first principles. StrategyDriven Risk Management Forum.

The High Price of Social Media Risk Management

Harvard Business Review

That's the in-case-of-emergency sign that might as well hover over the desk of any communications manager, as the latest social media crisis reminds us. As Times associate managing editor Philip B. But that kind of risk management comes at too high a price. It's in all of our interests to ensure that a good chunk of online conversation remains outside the editorial purview of managers who are policing content for its brand and message alignment.

Three Strategies to Synchronize, Backup and Protect Your Business Data

Strategy Driven

If your company started out small, it may have seemed easy at first to manage your data. Syncing data is critical if you want to make sure everyone has access to up-to-date information, which is especially important for companies that manage mobile workforces.

Is Your Organization Prepared For Unexpected Bad News?

Michael VanBruaene

Organization Improvement how to manage unexpected bad news how to prepare for unexpected bad news risk management Every organization and executive faces news that was unexpected. And it’s usually the bad news that can be difficult to effectively and efficiently address and/or resolve. A reactionary mode can occur in which addressing the unexpected problem is not done with appropriate care, or the organization is just not prepared to address it. .

The Upside: A book review by Bob Morris

First Friday Book Synopsis

Bob's blog entries "When Your Business Stops Growing" a strategic risk management system Warren Buffett's first rule: Preserve your capital. The Upside: The 7 Strategies for Turning Big Threats into Growth Breakthroughs Adrian J. Slywotsky with Karl Weber Crown Business (2007) Dimensions of “a new strategic imperative&# I have read all of Adrian Slywotzky’s previously published books and reviewed most of them.