At your own risk! : how the risk-conscious culture meets the by Gary S. Lynch

By Gary S. Lynch

According to over thirty years of expertise, well-known chief Gary Lynch unearths during this crucial advisor a video game plan to spot and deal with a variety of hazards confronted during this courageous new globalized international of fixing marketplace dynamics and intricate high-tech worth networks. This groundbreaking publication articulates an experienced-based and spot-on evaluation of danger administration realities that each one agencies may still make middle to their company cultures

Show description

Read or Download At your own risk! : how the risk-conscious culture meets the challenge of business change PDF

Similar managerial books

Strategic Business Tax Planning, Second Edition

Strategic company Tax making plans, moment version is the definitive instruction manual on company tax making plans, skipping the pointless and minute taxation info and focusing as a substitute at the great photo in taxes. prepared round enterprise strategies, this reader-friendly consultant exhibits you the way to optimally positioned tax administration rules to paintings on your enterprise.

Single Point of Failure: The 10 Essential Laws of Supply Chain Risk Management

During the last decade businesses have confronted relentless consumer call for for larger price at much less expense, person customization, larger selection, quicker supply, better caliber, unprecedented provider, and extra lately – elevated environmental and social realization. The organization’s weapon of choice to tackle this expanding call for has been the availability chain.

Review of Management Accounting Research

A accomplished assessment of up to date examine in administration accounting. presents an intensive severe research of modern matters released within the administration accounting literature and identifies gaps for destiny examine in every one factor reviewed.

Fair Value Accounting: Key Issues Arising from the Financial Crisis

The 2008 monetary challenge has became a focus at the position of economic reporting during times of monetary downturn. In analysing the monetary predicament, many commentators have attributed blame to reasonable worth accounting (FVA) end result of the pro-cyclical impression it in all likelihood introduces in banks' monetary statements.

Extra info for At your own risk! : how the risk-conscious culture meets the challenge of business change

Example text

As a result, single points of failure became more prevalent, thus increasing the risk profile. Here are a few examples: Factories and assembly lines became totally automated, increasing the dependence on sophisticated technology, concentrating resouces where many single points of failure now exist. Most manufacturing, assembly and testing was outsourced to the Asia-Pacific region in the 1990s, thus creating massive sourcing, transportation, and communication single points of failure points. 1 magnitude earthquake off the coast of Taiwan disrupted 98% of Taiwan’s communications with Malaysia, Singapore, Thailand and Hong Kong —almost no calls could be made to Southeast Asia.

Many organizations tried to solve this dilemma by deploying corporate-driven holistic enterprise risk management (ERM) programs. Those involved with the deployment of these programs have been and are still struggling to gain the support of executive management. Unfortunately, ERM is not a silver bullet. It has its place in providing a common language, protocols, and framework for managing organizational risk holistically. However, support might be diminishing. ’’ In 2004, only 39% of the CEOs and 30% of the COOs said it was important.

Demand-side risks (typically customer facing risks): unfavorable trade, legal or regulatory environment, language barriers, evaporating market, obsolescence, and lack of experience selling to customers in emerging markets. Change 2 Implementation of JIT process improvement. Risk: In an effort to improve the return on assets, JIT is a process to reduce inventory and its associated costs. Typically the JIT process is pushed upstream which results in Tier 1/first line suppliers also trying to reduce inventory.

Download PDF sample

Rated 4.14 of 5 – based on 24 votes