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A FIELD BOOK ON ENTERPRISE RISK MANAGEMENT: A PRACTICAL APPROACH TO EMBEDDING RISK MANAGEMENT INTO ORGANIZATIONAL PROCESSES

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Description

Risk is pervasive and inherent in every sphere of life. At a personal level, risks derail plans, result in accidents, anger, frustration, and poverty. At a corporate level, risks result in accidents, failed objectives, missed targets, redundancies, sequestration, lost markets, and even liquidation. Failing to understand risk, may result in failure to exploit the upside potential created by risk for example in missed opportunities. In this step-by-step approach to risk management, we provide a practical guide to embedding risk management in everyday organizational processes; to create resilient, sustainable and prosperous corporations. The starting point will be to acknowledge each firm's uniqueness and explore how risks affect the firm in its business context. Furthermore, role definition, will help clearly allocate responsibilities to each role-player to avoid unassigned roles, over-stepping each other, and to create a formal risk governance framework. Resourcing for risk management, the risk management tools, common risk language, and risk culture formation are key discussion topics with guidelines on how to avoid common pitfalls. At the core of the book is a discussion on risk management methodologies, where we take a deep-dive into the practical worked examples regarding key aspects of the major risk categories. The guidebook demystifies the de-risking processes of every enterprise in a non-prescriptive but rational based approach to dealing with practical risk issues in every facet of the business. In a nutshell, this field book is a toolkit that offers all the various size spanners and explains when to use which size and type spanner given the organizational context. It must be mentioned however, that while the guidebook focuses on corporates, the lessons from this field book can be applied in everyday sphere of life, at a personal level, government level, and non-governmental organizations. Risk affects the attainment of objectives, hence, anybody can draw lessons from this guidebook to become more effective, and prosperous.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
12 October 2022
Listed Since
14 October 2022

Barcode

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