Fundamentals of Enterprise Risk Management: How Top Companies Assess Risk, Manage Exposure, and Seize Opportunity
| Author | : | |
| Rating | : | 4.88 (770 Votes) |
| Asin | : | 0814434649 |
| Format Type | : | paperback |
| Number of Pages | : | 320 Pages |
| Publish Date | : | 2015-07-08 |
| Language | : | English |
DESCRIPTION:
An advance in the field The activities described as risk management have been evolving over the past decades. Ask a finance person what risk management is and you will hear about hedging by diversification through financial instruments such as derivatives and stock pools. Ask an insurance person the same question and you will hear about insurance products. More recently accountants weight in with COSO and with discussions about governance and internal controls. IT-people think they are the risk managers of an enterprise. The logical path for all of these views is that there is, or needs to be, a central management function th. Practical book This book is a systematic description of contemporary Enterprise Risk Management with new methodology. It is so visual and practical showing readers the qualities that managers all over the world need to get a clear idea of ERM and its benefits. Many real cases are included, even from Russia. But the most interesting part is "ERM Technology," a new approach to diagnose and visually present the family of core risks of any business. Supported by the ERM implementing instructions, this methodology makes the book a really practical guide for anyone interested in corporate risks. More than that, ERM realiti. "ERM in Action" according to Chris Mandel. Dr. Hampton's new book on ERM is a breath of fresh air for the world of risk practitioners. So few good and useful texts are written in support of ERM best practices. This concise and well written work, presents the key aspects of this continually evolving discipline in a way atypical of most risk management works. Jack offers a five part view that crystallizes the key differences in practitioner's experiences and uses specific stories and examples from those who've "done it" for the benefit of those that haven't. What I hear from colleagues most often is: how have you done it and how might I learn fro
"Fundamentals of Enterprise Risk Management offers insights for anyone eager to know more about ERM." --Business Insurance
Using examples from companies such as Home Depot, Airbus, Boeing, and Nokia, Fundamentals of Enterprise Risk Management takes a fresh look at one of the hottest topics in business today. Featuring enlightening case studies and practical exercises, this essential book shows readers how they can implement ERM the right way at their organizations.. Showing readers in charge of monitoring operational exposures in corporations, nonprofit organizations, and government agencies how they can best determine and balance opportunities against the possibilities of loss, this book provides clear strategies to help readers: • recognize both internal and external exposures • understand important concepts such as risk mapping and risk identification • recognize the weaknesses of current ERM systems • align risk opportunities with their organization's business model • stay in line with Sarbanes-Oxley compliance The book introduces innovative new concepts such as hierarchical risk structures, alignment of risks with the business model, creation of a central risk function, and the role of an ERM knowled