Fundamentals of Enterprise Risk Management: How Top Companies Assess Risk, Manage Exposure, and Seize Opportunity
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.
Excellent Foundation Book for New ERM Managers
By Justin S - February 25, 2011
I purchased this book to gain foundation knowledge in ERM and Corporate Risk Management. My greatest concern with these types of texts is that they provide tons of theory and little practical application. I selected this book because NC State has it as a suggested reading for its ERM Masters courses.
Bottomline, if you are looking for a book to give you the theory and then provide concrete practical application, this is the book you want. If you are looking for a starting point to get your hands around the major topis of ERM, this is the book you want. Basically, the text allowed me to diagram a future state ERM program for my company, and challenge potential consultants to work with us on the implementation project.
Very well written.
The smart side of enterprise risk management
By Rolf Dobelli "getAbstract" - September 20, 2010
Fully managing enterprise risk means more than insuring against fire, floods and other hazards. Companies commonly have many uninsured exposures to loss from tougher competition, rapid technological change, financial instability and regulatory sanctions. That is why business leaders in growing numbers have adopted enterprise risk management (ERM), a flexible way to identify and respond to a corporation's total range of risks. Not all risks are all bad. Some are worth taking. Firms that practice enterprise risk management can minimize their potential peril while taking their best calculated risks, the ones most likely to increase sales and profits. Enterprise risk management will not eliminate risk. It did not prevent the failures of major financial institutions during the 2008 crisis. But author John J. Hampton cogently upholds the practice, noting that a disciplined, detailed approach is critical to making ERM actually work. He favors a customizable model of risk management -... read more
By Valery Vyatkin - September 22, 2009
This book is a systematic description of contemporary Enterprise Risk Management with new methodology. It is so visual and practical showing readers the qualities that managers all over the world need to get a clear idea of ERM and its benefits. Many real cases are included, even from Russia. But the most interesting part is "ERM Technology," a new approach to diagnose and visually present the family of core risks of any business. Supported by the ERM implementing instructions, this methodology makes the book a really practical guide for anyone interested in corporate risks. More than that, ERM realities are analyzed in the clear context of the modern challenges of making decent profits in an honest and ethical framework. Written in a clear language and supported by many illustrations (pictures and stories), I am sure that the book of Professor J. Hampton will be highly valuable to risk managers, general managers, and students of business globally.
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