About this item
Highlights
- This one-stop guide provides you with the tools and information you need to keep their twenty-first-century organizations as blissfully risk-free as possible.Risk in business cannot be avoided--but that doesn't mean there isn't a better way to work through it.
- About the Author: John J. Hampton (Litchfield, CT) is the KPMG Professor of Business and Director of Graduate Business Programs at St. Peter's College, and former Executive Director of the Risk and Insurance Management Society (RIMS).
- 320 Pages
- Business + Money Management, Finance
Description
About the Book
For anyone in charge of monitoring operational exposures in corporations, nonprofit organizations, and government agencies this essential book explains how to best determine and balance opportunities against the possibilities of loss.Book Synopsis
This one-stop guide provides you with the tools and information you need to keep their twenty-first-century organizations as blissfully risk-free as possible.
Risk in business cannot be avoided--but that doesn't mean there isn't a better way to work through it. The problem is that most risk management strategies, books, and experts are based on outdated concepts, technologies, and markets. Since the 2008 financial crisis that set the baseline for the roller-coaster market we deal with today, combined with the constantly changing developments in technology and communications, modern-day risk management demands dealing with up-to-the-minute approaches for defending against threats.
Extensively updated, the second edition of Fundamentals of Enterprise Risk Management examines the latest technologies such as Riskonnect and High Tech Electronic Platform (HTEP), and helps you:
- recognize both internal and external exposures,
- understand crucial concepts such as risk mapping and risk identification,
- and align risk opportunities with their organization's business model.
Packed with practical exercises and fresh case studies from organizations such as IBM, Microsoft, Apple, JPMorgan Chase, and Sony, this invaluable resource is key to assessing company risk, managing exposure, and seizing opportunities.
From the Back Cover
After the devastation experienced by AIG, Bear Stearns, Lehman Brothers, and other financial institutions, the need for effective, comprehensive enterprise risk management (ERM) systems has never been more stark or immediate. Whether your organization needs to implement an ERM program from scratch or radically improve upon an existing one, "Fundamentals of Enterprise Risk Management" is the most up-to-date, all-in-one resource for creating a proactive, clearly articulated ERM system. The book shows you how to use a highly innovative and surprisingly easy-to-use visual architecture for accurately identifying your orga-ni-zation's exposure to hundreds, sometimes thousands, of risks, and clearly seeing how they interlink with one another--and can potentially set off a cascade of negative effects. Packed with eye-opening case studies, engaging stories, and "lessons learned," "Fundamentals of Enterprise Risk Management" helps you: ● Avoid the dire consequences of failing to recognize both your external and internal risk exposures. ● Set up a world-class ERM system using the practical strategies, helpful examples, and unique tools. ● Create a central, easy-to-use knowledge warehouse to share information and support decision-making. ● See and manipulate complex risk relationships using innovative visual software such as Riskonnect(R). ● Exceed the monitoring requirements mandated by the Securities and Exchange Commission, Basel II, the Sarbanes-Oxley Act--and much more.Review Quotes
""Fundamentals of Enterprise Risk Management "offers insights for anyone eager to know more about ERM." --"Business Insurance"
About the Author
John J. Hampton (Litchfield, CT) is the KPMG Professor of Business and Director of Graduate Business Programs at St. Peter's College, and former Executive Director of the Risk and Insurance Management Society (RIMS).