Like six sigma in the 1990s and total quality management in the 1980s, risk management now buzzes through corporate America as the latest initiative for better business management – and for good reason. Most financial executives say their companies faced significant operational surprises in the last five years.
While it’s encouraging to see growing interest from business leaders in better management of corporate risk, the challenge will be for corporate America to transform that interest into action that actually helps reduce organizational risk.
See Paper, in pdf format.
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