Using examples from companies such as Home Depot, Airbus, Boeing, and Nokia, as well as countries including Taiwan and Russia, "Enterprise Risk Management" takes an in-depth look at one of the hottest topics in business today. This title shows 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. Featuring enlightening case studies, interviews, and exercises, this essential book shows readers how they can implement ERM the right way at their organization.
Author(s): John J. Hampton
Year: 2009
Language: English
Pages: 308
Contents......Page 6
Foreword......Page 8
PART ONE. Essentials of Enterprise Risk Management......Page 14
1. Modern Risk Management......Page 16
RUSSIAN FROZEN-CHICKEN CASE......Page 27
2. Scope of ERM......Page 30
3. Contributions of ERM......Page 41
HOME DEPOT CASE......Page 48
4. Challenge of the Black Swan......Page 54
5. Challenge of the 2008 Financial Crisis......Page 71
6. Implementing ERM......Page 81
PART TWO. ERM Technology......Page 92
7. Visual Risk Clusters......Page 94
AIG VISUAL RISK CLUSTER CASE......Page 101
8. Visual Risk—A Hypothetical Case......Page 107
9. Tagging Risk—An Example......Page 117
10. Airbus A380 Jumbo Jet......Page 122
11. Product Launch Application......Page 132
PART THREE. Risks Without Risk Owners......Page 138
12. Strategic Risk......Page 140
TAIWAN STRATEGIC RISK CASE......Page 158
13. Subculture Risk......Page 163
Appendix 13.A: Characteristics to Use in Identifying Subcultures......Page 177
SUBCULTURE RISK AND HIGH SCHOOL CASE......Page 179
14. Leadership Risk......Page 185
JOE PLUMERI’S PASSIONATE PRINCIPLES OF LEADERSHIP CASE......Page 194
15. Life Cycle Risk......Page 198
GM AND TOYOTA LIFE CYCLE RISK CASE......Page 206
16. Horizon Risk......Page 208
PART FOUR. ERM Stories......Page 220
17. Aligning Risk Categories with the Business Model......Page 222
18. Avoiding Business Disruption......Page 228
19. ERM and Sarbanes-Oxley......Page 232
20. Coffee Mug, Candy, Exotic Jams, and Toyota......Page 236
21. ERM and Swarm Theory......Page 240
22. Cerberus and Chrysler......Page 243
23. Risk Management and the History of ERM......Page 246
24. Evolving ERM Since 2004......Page 251
25. Risk Management and the Future of ERM......Page 256
PART FIVE. The People of Risk Management......Page 266
26. Modern Risk Managers......Page 268
27. Chief Risk and Strategy Officers......Page 277
28. Risk Managers in Person......Page 288
29. Central Risk Management Committee......Page 301
BEAUMONT CENTRAL RMC LEADER CASE......Page 305
Denouement......Page 310
Bibliography......Page 312
C......Page 314
E......Page 315
G......Page 316
L......Page 317
P......Page 318
R......Page 319
S......Page 320
Z......Page 321
