Enterprise-wide Risk Management
Strategies for linking risk and opportunity
Published on 26. May 2000
Book
Paperback/Softback
300 pages
978-0-273-64414-9 (ISBN)
Description
The ability to master risk and manage the inevitable uncertainty associated with evaluating future outcomes is a key to sustainable competitive advantage. Traditional risk management approaches are no longer adequate in today's rapidly changing world in which the rules of wealth creation and preservation are ever evolving. They are too fragmented and function-driven. A new approach is needed - one that is cross-functional, integrated and adaptable in the face of constant change. Enterprise-wide risk management (EWRM) is a new strategic process which enables you to identify, measure and manage the entire range of business opportunities and risks facing your organisation. This value-generating process provides you with the discipline and tools to master risk as your organisation creates value.
Enterprise-wide Risk Management guides you through the key stages of designing and implementing an integrated EWRM process in your organisation. Written by risk consultant James DeLoach, it is centred on the Business Risk Model(tm) he has developed. It provides insight into the risk management practices of over 60 leading companies through in-depth interviews with their senior executives so you can learn from their experiences. This briefing facilitates the management of risk in a world of uncertainty so that you can capitalise on opportunities, risk and growth with confidence.
Case studies include:
Diageo/Guinness
Holderbank
MarineMax
Cable & Wireless
Hydro-Quebec
Charles Schwab
Eidos
Cadbury-Schweppes
Post Office
Contents include:
A New and Evolving Approach to Improving Risk Management Capabilities
Mastering Risk to Create Value - What is an Enterprise-Wide Approach and Why is It Essential?
The Evolution Towards EWRM
A Common Language - The Essential Starting Point
Risk Management Goals, Objectives, and Oversight - Laying the Foundation
Uniform Processes - Assessing Risks and Developing Strategies
Infrastructure Essentials - Designing and Implementing Risk Management Capabilities
Continuously Improve Risk Strategies, Processes and Measures
Taking It All the Way
Getting Started
Enterprise-wide Risk Management guides you through the key stages of designing and implementing an integrated EWRM process in your organisation. Written by risk consultant James DeLoach, it is centred on the Business Risk Model(tm) he has developed. It provides insight into the risk management practices of over 60 leading companies through in-depth interviews with their senior executives so you can learn from their experiences. This briefing facilitates the management of risk in a world of uncertainty so that you can capitalise on opportunities, risk and growth with confidence.
Case studies include:
Diageo/Guinness
Holderbank
MarineMax
Cable & Wireless
Hydro-Quebec
Charles Schwab
Eidos
Cadbury-Schweppes
Post Office
Contents include:
A New and Evolving Approach to Improving Risk Management Capabilities
Mastering Risk to Create Value - What is an Enterprise-Wide Approach and Why is It Essential?
The Evolution Towards EWRM
A Common Language - The Essential Starting Point
Risk Management Goals, Objectives, and Oversight - Laying the Foundation
Uniform Processes - Assessing Risks and Developing Strategies
Infrastructure Essentials - Designing and Implementing Risk Management Capabilities
Continuously Improve Risk Strategies, Processes and Measures
Taking It All the Way
Getting Started
More details
Language
English
Place of publication
Harlow
United Kingdom
Publishing group
Pearson Education Limited
Target group
Professional and scholarly
Dimensions
Height: 298 mm
Width: 209 mm
Thickness: 17 mm
Weight
790 gr
ISBN-13
978-0-273-64414-9 (9780273644149)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Person
James W.DeLoach is a Partner of Arthur Andersen who has been with the firm for over 29 years. He has extensive risk consulting experience in a wide variety of industries and engagements. In his current capacity as the Global Leader of the firm's Business Risk Management Competency Development Center, he works closely with insurance, risk consulting and industry professionals to develop the firm's business risk management competencies. He is co-author of Managing business risk: An integrated approach, published by the Economist Intelligence Unit in 1995, and of several articles covering various aspects of business risk assessment and management. He has delivered numerous presentations on risk management to many companies and groups and has taught senior and graduate level courses at two major universities on a variety of topics over the years. Mr DeLoach is a sport enthusiast and an accomplished magical entertainer. He resides in Houston, Texas with his wife.
Content
Preface: a new and evolving approach to improving risk management capabilities
Acknowledgements
Mastering risk to create value: what is an enterprise-wide approach and why is it essential?
A new approach: enterprise-wide
Is your risk management keeping pace?
The early lessons
Conclusion: a journey requiring a cultural change
The evolution towards EWRM
The evolution of risk management
Taking an enterprise wide view
Achieving EWRM: the steps along a visionary journey
How far will you go?
Conclusion
A common language: the essential starting point
Defining risk
A language for risk
A process classification scheme
Developing a language
Conclusion
Case-studies
Risk management goals, objectives and oversight: laying the foundation zone
Business objectives and strategies provide the context
Risk strategy and policy in an EWERM environment
Organizational oversight structure
Summary
Case-study
Uniform processes: assessing risks and developing strategies
A process view of business risk management
Assessing business risks
Risk mapping - a fundamental tool
Rigorous assessment: when risks are vital
Develop business risk management strategies
Risk strategies: translating risk assessment into action
Summary
Infrastructure essentials: designing and implementing risk management capabilities
Design/implement risk management capabilities
The components of infrastructure
Monitor risk management performance
Continuously improve risk management capabilities
Information for decision making
Summary
Case-study
Continuously improve risk strategies, processes and measures
The Risk Management Capability Maturity Continuum
The enablers of continuous improvement
Summary
Case-study
Taking it all the way
Aggregate multiple risk measures
Link to enterprise performance
Formulate enterprise-wide risk strategy
Summary
Case-study
Getting started
The EWRM journey: how far do you want to go?
Keys to navigating the journey
Keys to getting started: EWRM trail markers
The launch pad
Summary
Appendices
The current state of risk management
The Arthur Andersen Business Risk ModelTM: abbreviated defenitions of business risks
Risk controls process framework
Glossary
Bibliography
Index
Acknowledgements
Mastering risk to create value: what is an enterprise-wide approach and why is it essential?
A new approach: enterprise-wide
Is your risk management keeping pace?
The early lessons
Conclusion: a journey requiring a cultural change
The evolution towards EWRM
The evolution of risk management
Taking an enterprise wide view
Achieving EWRM: the steps along a visionary journey
How far will you go?
Conclusion
A common language: the essential starting point
Defining risk
A language for risk
A process classification scheme
Developing a language
Conclusion
Case-studies
Risk management goals, objectives and oversight: laying the foundation zone
Business objectives and strategies provide the context
Risk strategy and policy in an EWERM environment
Organizational oversight structure
Summary
Case-study
Uniform processes: assessing risks and developing strategies
A process view of business risk management
Assessing business risks
Risk mapping - a fundamental tool
Rigorous assessment: when risks are vital
Develop business risk management strategies
Risk strategies: translating risk assessment into action
Summary
Infrastructure essentials: designing and implementing risk management capabilities
Design/implement risk management capabilities
The components of infrastructure
Monitor risk management performance
Continuously improve risk management capabilities
Information for decision making
Summary
Case-study
Continuously improve risk strategies, processes and measures
The Risk Management Capability Maturity Continuum
The enablers of continuous improvement
Summary
Case-study
Taking it all the way
Aggregate multiple risk measures
Link to enterprise performance
Formulate enterprise-wide risk strategy
Summary
Case-study
Getting started
The EWRM journey: how far do you want to go?
Keys to navigating the journey
Keys to getting started: EWRM trail markers
The launch pad
Summary
Appendices
The current state of risk management
The Arthur Andersen Business Risk ModelTM: abbreviated defenitions of business risks
Risk controls process framework
Glossary
Bibliography
Index