Enterprise Risk Management Implementation: A Major Rethink Is Necessary
Many companies implement Enterprise Risk Management (ERM), then sit back and assume that all their problems have been solved. Unfortunately, that’s not how ERM works. ERM is an ongoing activity; organisations which implement it should not limit themselves to just ticking boxes. They should be actively overseeing its systems, processes
Risk Management is Best Done In-house
Can you "outsource" risk management? Management of risk may be outsourced but the risk still has to be borne by the organisation. There is no getting away from the fact that regardless of whether risk is managed in-house or is contracted out, the risk itself remains the responsibility of the
Why is there a need to Gear Up For Strategic Risk?
Risk and strategy have a symbiotic relationship. There can be no strategy if there was no risk to begin with, and the existence of risk makes strategy necessary. But what exactly is strategic risk? Strategic risk can be broadly defined as a risk that has a direct impact on an