Fundamentals of Enterprise Risk Management: How Top Companies Assess Risk, Manage Exposure, and Seize Opportunity

by John J. Hampton

One thing that will never change about the business world is the presence of risk. But risk management has changed dramatically since the 2008 financial crisis. . .and new developments in technology and communications demand up-to-the-minute approaches for defending against threats--and seizing opportunities.

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 readers 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--as well as new material on topics including the new role of Risk Owner, cutting-edge collaboration methods, and the upside of risk--this critical guide provides readers with the tools and information they need to keep their organizations as blissfully risk-free as possible.

Genres: Business, Nonfiction

320 pages, Hardcover

First published August 1, 2009

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).

Reviews

[M · Rating 1 out of 5]

ZZZZZzzzzzzzzzzz. Oh! Did I nod off? Oops!

Dated examples, nothing really of any use here because it's such a broadly written book it could really be about any risk ever in any setting, but strangely enough it's not about any particular risk either.

[Jose · Rating 3 out of 5]

Research and more research. Risk is an important part of management, this explains it well but it's kind of boring to read.

[David Matthews · Rating 2 out of 5]

It seems like it should be a textbook but is more like risk management for dummies.

[Jimmy · Rating 1 out of 5]

This book is a joke. Another shallow story book. Maybe this is how KPMG works.

[E · Rating 5 out of 5]

The smart side of enterprise risk management

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 – including a central monitoring function – that can work for a company of any size. getAbstract recommends this book to business leaders seeking a more reliable way to identify each meaningful risk, to distinguish good risks from bad ones and to cover their downsides as much as possible.

To learn more about this book, read the following summary: http://www.getabstract.com/summary/11...