• Corpus ID: 117819000

The Failure of Risk Management: Why It's Broken and How to Fix It

  title={The Failure of Risk Management: Why It's Broken and How to Fix It},
  author={Douglas Hubbard},
Preface. Acknowledgments. PART ONE AN INTRODUCTION TO THE CRISIS. CHAPTER 1 Healthy Skepticism for Risk Management. Common Mode Failure. What Counts as Risk Management. Anecdote: The Risk of Outsourcing Drug Manufacturing. What Failure Means. Scope and Objectives of This Book. CHAPTER 2 Risk Management: A Very Short Introduction to Where We've Been and Where (We Think) We Are. The Entire History of Risk Management (in 800 Words or Less). Methods of Assessing Risks. Risk Mitigation. The State of… 

Risk Management and Risk Management Failure: Lessons for Business Enterprises

The recent economic volatility gives risk management a new focus and eminence. Successful firms are able and willing to effectively integrate risk management at all levels of management process. The

Empirical investigation of risk management practices

In risk management research, dealing with known risks and helping companies foresee new risks are areas for subject matter experts. In practice, risk management is often perceived as a set of formal

Risk Management Praxis In Engineering Industries.

Engineering industries from time-to-time is learning about risk management as much work is accomplished in mitigating the impact of the risk. None of these control procedures are absolutely new to

Operational Risk Management (ORM)

This article discusses the management process of operational risk in financial institutions. While risk management has always been an integral part of financial activity, the 1990s has seen risk

Risk management reconceived: reconciling economic rationality with behavioural tendencies

Risk management practices as described in many leading texts feel counterintuitive to many practitioners and are frequently ignored, despite their being evidently logical and potentially valuable.

Risk management; a behavioural perspective

The risk contributor is usually regarded as responsible for risk mitigation and accident compensation, especially when the risk is due to the operation of a commercial company. The culpability of

Risk Management in the Age of Turbulence:Failures and Challenges

Today’s business, being affected by the continuous changes in economic environment, must reinvent “prudent risk taking” concept to strike an appropriate balance between risk, return and growth, in

Role of Monetary Politics on Financial Risk Management

  • Hakim Ali Rhuma
  • Business
    International Journal of Scientific and Research Publications (IJSRP)
  • 2019
Risk exists as a consequence of uncertainty and is present in all activities whatever the size or complexity and whatever industry or business sector. It is important to understand that risk is a

Can Strategic Risk Management Contribute to Enterprise Risk Management? A Strategic Management Perspective

Within the discipline of enterprise risk management (ERM), strategic risk management (SRM) has become a subject of increasing interest to practitioners and academics. To our knowledge, the term

regulatory compliance Managing Risk Risk Assessment : Issues and Challenges by

R isk can be defined as the effect of uncertainty on objectives. Risk assessment is considered to be the overall process of risk identification, risk analysis and risk evaluation. The risk management



How Near-Misses Influence Decision Making Under Risk: A Missed Opportunity for Learning

It is hypothesized that organizations and managers fail to learn from near-misses because they evaluate such events as successes and thus feel safer about the situation, and distinguish perceived (“felt”) risk from calculated statistical risk and propose that lower levels of perceived risk encourage people with near- miss information to make riskier subsequent decisions compared to people withoutNear-miss information.

Risk, Uncertainty and Profit

In Risk, Uncertainty and Profit, Frank Knight explored the riddle of profitability in a competitive market profit should not be possible under competitive conditions, as the entry of new

Theory of Aces: Fame by Chance or Merit?

ABSTRACT We study empirically how fame of WWI fighter-pilot aces, measured in numbers of web pages mentioning them, is related to their achievement or merit, measured in numbers of opponent aircraft

Foundations of Portfolio Theory

Prize Lecture to the memory of Alfred Nobel, December 7, 1990.(This abstract was borrowed from another version of this item.)