Strategic risk management: A foundation for improving enterprise risk management and governance

Frigo, Mark L.; Anderson, R. J.

doi:10.1002/jcaf.20677

Cited by 82 publications

(65 citation statements)

References 2 publications

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“…Risk Management, in a synthetic way, the guides companies on how to take correct attitudes about which risks they must face up to, which they should ignore, which need to be hedged or eliminated and which should be exploited in order to maximize the organization's performance (Damodaran, 2009). Frigo & Anderson (2011) stress the importance of making Risk Management fit for purpose and analyzing it at the corporate level. They point out that when it is applied only in order to analyze the feasibility of projects, it only gives an individual analysis and thus does not represent the generic panorama of the exposure of company's business to risks.…”

Section: Innovation and Risk Management Modelsmentioning

confidence: 99%

Risk management for companies focused on innovation processes

Etges

Souza

Neto

2017

Prod.

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Risk is inherent to the activities of technology and innovation companies and to manage them represent an opportunity to improve the company capability to achieve its goals. The use of ERM models has been studied since the Committee of Sponsoring Organizations of the Treadway Commission guides. This article adapted the MIGGRI model for the context of an innovation company from a TSP in Brazil. Using a case study and a review from previous ERM literature, the article show that is possible to measure the risks that an innovation company faces, and that they may be managed with a view to supporting a company's strategy. Were applied an economic analysis based on a MCS and an indicator of CFaR were applied to measure innovation risks. A strategic performance model for innovation companies are proposed and the benefit to implement Risk Management practices in innovation organizations was validated.

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Section: Innovation and Risk Management Modelsmentioning

confidence: 99%

Risk management for companies focused on innovation processes

Etges

Souza

Neto

2017

Prod.

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“…8-14), until the late 1990s the understanding of risk management was different from a 'capital market' as opposed to an 'insurance market' perspective. However, the process of the convergence of capital and insurance markets allowed remarkable progress of the concept of risk management, by the evolution of new risk management products and the reorientation of risk management process to a holistic (integrated) approach and strategic dimension (Lam, 2003;Baranoff, 2004;Chapman, 2006;Hillson, 2006;Frigo and Anderson, 2011). This new perception of risk management is referred to as enterprise-wide risk management (hereafter ERM).…”

Section: The Evolution Of Risk Management In Poland -An Outlinementioning

confidence: 97%

Insight into the development of risk management practices in Poland

Wieczorek-Kosmala

2015

Risk Manag

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The aim of this article is to provide an insight into the evolution of risk management in Poland, with respect to global trends. The study re-uses available survey results in order to reveal similarities and differences between Poland and a global benchmark. The analysis is made with three areas of concern: (i) drivers of risk management implementation and their expected outcomes; (ii) approaches to risk identification and (iii) organisation of risk management. The empirical findings are preceded by an outline of the most relevant facts of the evolution of risk management thought and practice in Poland, with a link to the globally evolutionary context. It was found that in many aspects the differences between Polish and global benchmarks are not so obvious as they may seem, taking into account the relatively short post-transition history of Poland.

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“…While GRC has come into increasingly common use, there is no proper universal understanding of the term or its objectives [22]. Thus, there is no single, commonly accepted definition of GRC [23].…”

Section: Background Literature On Grcmentioning

confidence: 99%

Managing Information Security Risk Using Integrated Governance Risk and Compliance

Nicho

Khan

Rahman³

2017

2017 International Conference on Computer and Applications (ICCA)

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Section 6 of the "Repository policy for OpenAIR @ RGU" (available from http://www.rgu.ac.uk/staff-and-currentstudents/library/library-policies/repository-policies) provides guidance on the criteria under which RGU will consider withdrawing material from OpenAIR. If you believe that this item is subject to any of these criteria, or for any other reason should not be held on OpenAIR, then please contact openair-help@rgu.ac.uk with the details of the item and the nature of your complaint.International conference on computer and applications (ICCA 2017), 6-7 September 2017, Dubai, UAE. 9781538627532OpenAIR at RGU

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Strategic risk management: A foundation for improving enterprise risk management and governance

Cited by 82 publications

References 2 publications

Risk management for companies focused on innovation processes

Risk management for companies focused on innovation processes

Insight into the development of risk management practices in Poland

Managing Information Security Risk Using Integrated Governance Risk and Compliance

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