Most Active Articles 2009-11-25T16:11:50.436-05:00 Business Exchange Business_Exchange@businessweek.com urn:com:businessweek:bx:topic:most-active:global-risk-management Isaac Sacolick isacolick111 urn:com:businessweek:bx:article:2361540071551092412-b30a26ed76d8791794c6f3a8b96970fc 2009-11-17T11:51:58.990-05:00

Back in the 1980's, executives used to joke that you would never get fired for buying "Big Blue" (IBM) computers. It's not that IBM was the best, but you knew they would not screw up. When I worked for Accenture (then Andersen Consulting), the...

Back in the 1980's, executives used to joke that you would never get fired for buying "Big Blue" (IBM) computers. It's not that IBM was the best, but you knew they would not screw up. When I worked for Accenture (then Andersen Consulting), the... http://www.business-strategy-innovation.com/2009/11/do-people-seek-risk-only-to-minimize.html Braden Kelley bkelley034 0 0 0 0 urn:com:businessweek:bx:article:1942501445687669747-f35d05bdd012138baa377343edf0827b 2009-10-26T09:17:29.847-04:00

The conventional wisdom about innovation is that companies should be less risk-averse. If this means they should try to increase their share of courageous employees who are willing to stand up and fight for ideas, then I would agree.

The conventional wisdom about innovation is that companies should be less risk-averse. If this means they should try to increase their share of courageous employees who are willing to stand up and fight for ideas, then I would agree. http://www.business-strategy-innovation.com/2009/10/removing-risk-from-bold-aspirations.html Braden Kelley bkelley034 9 9 0 0 urn:com:businessweek:bx:article:1863635260801197583-697d9a437324d294c8d91b619fa24957 2009-10-25T10:56:28.981-04:00

Instead of trying to be sure of everything before we risk anything, how about adopting Palmer's attitude and simply going for it? I'm not talking about being irresponsible--Arnold Palmer was neither unprepared nor foolish; he simply believed that his natural abilities, hours of practice and years of judgment equipped him to take qualified risks.

Instead of trying to be sure of everything before we risk anything, how about adopting Palmer's attitude and simply going for it? I'm not talking about being irresponsible--Arnold Palmer was neither unprepared nor foolish; he simply believed that his natural abilities, hours of practice and years of judgment equipped him to take qualified risks. http://www.business-strategy-innovation.com/2009/10/nothing-ventured-nothing-gained.html Braden Kelley bkelley034 5 4 0 1 urn:com:businessweek:bx:article:7686194240381121115-79a7de432cdc807b88485930df656c9a 2009-10-25T00:18:21.453-04:00

Europe and the U.S. fall back - at different times Europe set its clocks back one hour to “winter time” at 1 a.m. GMT Sunday. Next Sunday morning, while most people are still...

Europe and the U.S. fall back - at different times Europe set its clocks back one hour to “winter time” at 1 a.m. GMT Sunday. Next Sunday morning, while most people are still... http://www.basexblog.com/2009/10/24/daylight-savings-time-2009/ Jonathan Spira jspira552 4 4 0 0 urn:com:businessweek:bx:article:6564685195740660605-47903bd7ceb8f295c9b0a69dc4ecd9f6 2009-10-17T00:40:37.019-04:00

By Joan Weber, Stamford, CT -- Asian institutions are joining their peers in other markets by refraining from making wholesale changes to their portfolio investment strategies in the wake of the global financial crisis. However, the results of...

By Joan Weber, Stamford, CT -- Asian institutions are joining their peers in other markets by refraining from making wholesale changes to their portfolio investment strategies in the wake of the global financial crisis. However, the results of... http://www.hedgetracker.com/article/Operational-Risk--Asian-Institutions-Sticking-with-Portfolio-Strategies-but-Questioning-Use-of-External-Managers Todd Walker rwienke085 5 5 0 0 urn:com:businessweek:bx:article:3570962834774226929-d07850d1b064d439ea3c972ff6a4cf51 2009-10-08T22:38:14.496-04:00

Improvement in credit default swaps on U.S. and European banks, including Citigroup, UBS and Allied Irish Banks, may not fully capture the risks that investors could take new losses to the firms, according to data by risk...

Improvement in credit default swaps on U.S. and European banks, including Citigroup, UBS and Allied Irish Banks, may not fully capture the risks that investors could take new losses to the firms, according to data by risk... http://www.reuters.com/article/bondsNews/idUSN0647268620091006 Suzanne Woolley swoolley541 1 1 0 0 urn:com:businessweek:bx:article:3387478687194397016-fe89ee4f5ab211adc784524a30c8f34f 2009-04-21T07:42:00.000-04:00

Aon report explores the top ten current risks.

Aon report explores the top ten current risks. http://www.continuitycentral.com/news04513.html 30 30 0 0 urn:com:businessweek:bx:article:12882549726966232063-05e91e8b00d2e02955cc6bd02ec335fe 2009-09-23T05:51:53.302-04:00

Learn why structured innovation is a front-end process. The current economic environment is the most challenging in...Read more

Learn why structured innovation is a front-end process. The current economic environment is the most challenging in...Read more http://www.sixsigmaiq.com/video.cfm?id=304&utm_source=sixsigmaiq.com&utm_medium=SMO&utm_campaign=BXCHANGE&utm_content=09_23_2009 Genna Weiss gweiss207 1 1 0 0 urn:com:businessweek:bx:article:4531672898420978858-1db930240e4dea1b066c2fd8c935d47b 2009-05-11T19:14:09.571-04:00

Unsurprisingly the financial and economic turmoil of the past year has forced companies to increase their focus on the risks in their business. “Enterprise Risk Management” is the term we use to describe the set of activities that corporations undertake to deal with the diverse risks they face, many of which can have a significant impact on their profitability, effectiveness and reputation.

Unsurprisingly the financial and economic turmoil of the past year has forced companies to increase their focus on the risks in their business. “Enterprise Risk Management” is the term we use to describe the set of activities that corporations undertake to deal with the diverse risks they face, many of which can have a significant impact on their profitability, effectiveness and reputation. http://www.ventanaresearch.com/blog/commentblog.aspx?id=3136 Mark Smith msmith670 15 14 1 0 urn:com:businessweek:bx:article:17479317028325849041-7ac4535fb254e79836c299f406754941 2009-04-03T17:57:00.000-04:00

Los Angeles, Apr. 3, 2009 -- Aon Corporation (NYSE: AOC), (http://www.aon.com ), the leading provider of global risk management and consulting

Los Angeles, Apr. 3, 2009 -- Aon Corporation (NYSE: AOC), (http://www.aon.com ), the leading provider of global risk management and consulting http://www.greensheet.com/newswire.php?newswire_id=11582 17 17 0 0 urn:com:businessweek:bx:article:10432121001977696176-0140e5be4737f887c9b0e44a0316b742 2009-09-01T00:17:28.857-04:00

Remember the Sarbanes-Oxley Act (SOX)? It seems so early 21st century now. SOX was a well-intentioned attempt to prevent major fraud in corporations by mandating tighter controls. Much of what has worked well with SOX was nothing more than a couple of tweaks to established law and business practices (such as requiring management to sign off on the veracity of the filings and expanding the scope of material disclosures). Read more at http://www.ventanaresearch.com/blog/commentblog.aspx?id=3273

Remember the Sarbanes-Oxley Act (SOX)? It seems so early 21st century now. SOX was a well-intentioned attempt to prevent major fraud in corporations by mandating tighter controls. Much of what has worked well with SOX was nothing more than a couple of tweaks to established law and business practices (such as requiring management to sign off on the veracity of the filings and expanding the scope of material disclosures). Read more at http://www.ventanaresearch.com/blog/commentblog.aspx?id=3273 http://www.ventanaresearch.com/blog/commentblog.aspx?id=3273 Ventana Research vresearch293 1 1 0 0 urn:com:businessweek:bx:article:3344427454114793720-eb769c66404f74b1cb6aa4846921444b 2009-08-06T11:39:54.918-04:00

Ask any group of senior executives why they think innovation has become such an imperative, and the answer is invariably, "Because it drives growth." This is quite a reasonable and obvious way of thinking. Pushed into a relentless and never-ending...

Ask any group of senior executives why they think innovation has become such an imperative, and the answer is invariably, "Because it drives growth." This is quite a reasonable and obvious way of thinking. Pushed into a relentless and never-ending... http://www.business-strategy-innovation.com/2009/08/real-reason-companies-must-innovate.html Braden Kelley bkelley034 7 7 0 0 urn:com:businessweek:bx:article:15781626114822578648-89ea68178f42ed9ac2bd9096cd9a7492 2009-03-03T14:53:32.305-05:00

Sunday I was on a plane heading east out of San Francisco. Seat belt sign goes off and I start to get up. I glance over to seat 9E and see a presentation entitled, “Weathering the Storm: Strategies for Today’s Market“. It is everywhere! Discussions about what to do about the economy. It reminded me of a trip last fall...

Sunday I was on a plane heading east out of San Francisco. Seat belt sign goes off and I start to get up. I glance over to seat 9E and see a presentation entitled, “Weathering the Storm: Strategies for Today’s Market“. It is everywhere! Discussions about what to do about the economy. It reminded me of a trip last fall... http://www.supplyexcellence.com/blog/2009/03/03/financial-directors-seek-risk-management-cash-management-and-visibility/ Justin Fogarty jfogarty134 12 11 0 1 urn:com:businessweek:bx:article:753490000536808114-203083bc01af8cfc2e4604cfc80da8f9 2009-01-30T16:54:21.009-05:00

Risk management is a discipline that is being taken far more seriously these days thanks to the current financial crisis. Translation: the financial meltdown means big...

Risk management is a discipline that is being taken far more seriously these days thanks to the current financial crisis. Translation: the financial meltdown means big... http://blog.aefeldman.com/2009/01/27/risk-management-watch-financial-crisis-big-opportunity-for-risk-professionals/ Maki Yamasaki myamasaki237 15 15 0 0 urn:com:businessweek:bx:article:7274892446978852555-2690430ef4fec4d2dc46cdf9335de8c5 2009-08-02T10:06:23.527-04:00

Lehman_Brothers Risk management is back in vogue. The collapse of Lehman Brothers, government bailouts and the unchecked greed of hedge fund manipulation has reawakened concepts of risk that had lain dormant during the boom years. Liquidity risk is now self-evident as central banks,

Lehman_Brothers Risk management is back in vogue. The collapse of Lehman Brothers, government bailouts and the unchecked greed of hedge fund manipulation has reawakened concepts of risk that had lain dormant during the boom years. Liquidity risk is now self-evident as central banks, http://www.english.globalarabnetwork.com/200908022011/Finance/the-future-lies-in-risk-management-but-keep-it-simple.html Arab British Business aarabukbusiness201 3 3 0 0 urn:com:businessweek:bx:article:2440792583666514976-1ce5d08f62affeeb71e19e9663f6b3be 2009-04-30T16:56:00.748-04:00

The 24/7 news cycle is absolutely blowing up with coverage of the swine flu. And frankly, if some of the worst case scenarios play out (as they have historically in several other flu pandemics, although those were before modern vaccines and containment plans), the massive volume of coverage may be warranted. But before panicking, it’s worth taking a step back to assess what we know, what we’ve learned from the recent SARS and bird flu episodes, and what steps we can take today to help ensure the steady flow of our complex, global supply chains...

The 24/7 news cycle is absolutely blowing up with coverage of the swine flu. And frankly, if some of the worst case scenarios play out (as they have historically in several other flu pandemics, although those were before modern vaccines and containment plans), the massive volume of coverage may be warranted. But before panicking, it’s worth taking a step back to assess what we know, what we’ve learned from the recent SARS and bird flu episodes, and what steps we can take today to help ensure the steady flow of our complex, global supply chains... http://www.supplyexcellence.com/blog/2009/04/30/swine-flu-impact-supply-chains/ Justin Fogarty jfogarty134 6 3 1 2 urn:com:businessweek:bx:article:16862071857205412466-c9c2ea727946922d3d0ee201d5f668a3 2009-05-11T12:54:21.862-04:00

Last week, the New York Times reported that “solid majority of people in the major Western democracies expect a rise in political extremism in their countries as a result of the economic crisis, according to a new poll.” Digging further into the national level cross-tabs, 53% of US and Italian citizens believe it is “certain to happen” or “probable” that there will be a rise in extremism in their own countries in the next 3 years. 60% of French and Spanish citizens held that view, while Britain and Germany were at 65%. With the content and tone of economic news in recent months, it’s not all that surprising to see this pessimistic view of how conditions may unfold in the near future. Although some economists (and possibly the markets?) see signs of life in the economy, a recovery this year still feels far from certain. And continued rising unemployment, which hit 8.9% in the US in April, doesn’t breed optimism. If we do indeed see a rise of political extremism across the globe, it could significantly impact supply chains and consumer markets. Are businesses, including yours, taking steps necessary to monitor this risk?

Last week, the New York Times reported that “solid majority of people in the major Western democracies expect a rise in political extremism in their countries as a result of the economic crisis, according to a new poll.” Digging further into the national level cross-tabs, 53% of US and Italian citizens believe it is “certain to happen” or “probable” that there will be a rise in extremism in their own countries in the next 3 years. 60% of French and Spanish citizens held that view, while Britain and Germany were at 65%. With the content and tone of economic news in recent months, it’s not all that surprising to see this pessimistic view of how conditions may unfold in the near future. Although some economists (and possibly the markets?) see signs of life in the economy, a recovery this year still feels far from certain. And continued rising unemployment, which hit 8.9% in the US in April, doesn’t breed optimism. If we do indeed see a rise of political extremism across the globe, it could significantly impact supply chains and consumer markets. Are businesses, including yours, taking steps necessary to monitor this risk? http://www.supplyexcellence.com/blog/2009/05/11/political-extremism-supply-chain-risk/ Justin Fogarty jfogarty134 5 4 0 1 urn:com:businessweek:bx:article:10430442318354170382-da5e573948668931d248da0a083824cd 2009-06-26T01:58:05.263-04:00

Key Risk Indicators (KRIs) are emerging as an important element of performance management. This reflects the times, since corporations tend to pay closer attention to understanding and mitigating risk during a crisis or a tough business environment. I’ve written a great deal about how the downturn in the developed countries and prevailing high level of volatility in the world economy has focused executives’ attention on improving planning.

Key Risk Indicators (KRIs) are emerging as an important element of performance management. This reflects the times, since corporations tend to pay closer attention to understanding and mitigating risk during a crisis or a tough business environment. I’ve written a great deal about how the downturn in the developed countries and prevailing high level of volatility in the world economy has focused executives’ attention on improving planning. http://www.ventanaresearch.com/blog/commentblog.aspx?id=3206 Mark Smith msmith670 2 2 0 0 urn:com:businessweek:bx:article:17079167928260657686-39f51e34cdb1e37f358aa0b3d2b1946f 2009-03-19T22:55:47.266-04:00

I have seen a lot of conversation about governance, risk and compliance (GRC) but the focus on the governance component has not been well defined how technology can actually make it work. It is pretty clear that governing business from management to business process is essential to overcome the results of our global economic dilemma. Now what does that mean to you from an information and technology perspective?

I have seen a lot of conversation about governance, risk and compliance (GRC) but the focus on the governance component has not been well defined how technology can actually make it work. It is pretty clear that governing business from management to business process is essential to overcome the results of our global economic dilemma. Now what does that mean to you from an information and technology perspective? http://www.ventanaresearch.com/blog/commentblog.aspx?id=3044 Mark Smith msmith670 7 7 0 0 urn:com:businessweek:bx:article:1139136159659374102-bd2f4f0c04166c20564be7d248d7b333 2009-06-29T17:17:56.301-04:00

We recently stirred up some interesting debate over risks and legal contracts, specifically regarding balancing risk and whether or not companies are actually protecting against the right kind of risk (or introducing risk and losing opportunities in the process). But we truly touched a nerve with a post quoting a presentation where a procurement leader at a large corporation suggested starting with a supplier’s paper rather than their own for some types of purchases. Given the emotions and indeed risks around the topic of legal contracts, I found an anecdote by Tim Cummins during a roundtable at the Ariba LIVE event in London a few weeks ago to be very thought provoking. Tim, the President and CEO of the International Association for Contract & Commercial Management (IACCM), told the story of an IACCM member company that decided to do an experiment with their buy and sell side contracts. They had their in-house legal teams do a blind review (the company name was concealed) of their own contracts to look for misplaced priorities and potential exposure. Their sell side legal team looked at their own company’s buy side contracts and vice-versa for the buy side team, who reviewed the sell side team’s paper. To quote Tim on the findings: "Both sides were apoplectic!...

We recently stirred up some interesting debate over risks and legal contracts, specifically regarding balancing risk and whether or not companies are actually protecting against the right kind of risk (or introducing risk and losing opportunities in the process). But we truly touched a nerve with a post quoting a presentation where a procurement leader at a large corporation suggested starting with a supplier’s paper rather than their own for some types of purchases. Given the emotions and indeed risks around the topic of legal contracts, I found an anecdote by Tim Cummins during a roundtable at the Ariba LIVE event in London a few weeks ago to be very thought provoking. Tim, the President and CEO of the International Association for Contract & Commercial Management (IACCM), told the story of an IACCM member company that decided to do an experiment with their buy and sell side contracts. They had their in-house legal teams do a blind review (the company name was concealed) of their own contracts to look for misplaced priorities and potential exposure. Their sell side legal team looked at their own company’s buy side contracts and vice-versa for the buy side team, who reviewed the sell side team’s paper. To quote Tim on the findings: "Both sides were apoplectic!... http://www.supplyexcellence.com/blog/2009/06/29/are-your-contracts-focused-on-the-right-risks/ Justin Fogarty jfogarty134 3 3 0 0 urn:com:businessweek:bx:article:5602797493926009547-d0ce623536286ead2d43d3a4e7a1e835 2009-05-27T11:29:46.112-04:00

Every day as we catch up on the latest news, we are reminded from many perspectives about the growing uncertainty and challenges of today’s economic crisis. Here are suggestions on ways to think about how risk management is crucial to cost reductions within an organization and cut costs.

Every day as we catch up on the latest news, we are reminded from many perspectives about the growing uncertainty and challenges of today’s economic crisis. Here are suggestions on ways to think about how risk management is crucial to cost reductions within an organization and cut costs. https://community.archer-tech.com/blogs/archer/archive/2009/05/21/using-risk-and-compliance-management-to-support-cost-cutting-initiatives.aspx Bill Hartzer (billhartzer@yahoo.com) bhartzer157 1 0 1 0 urn:com:businessweek:bx:article:6406149376180595624-be4eb9daee3da1f1671b13bee814ce06 2009-02-24T11:55:35.506-05:00

Earlier this week, old friend Dane Chamorro (General Manager of Control Risks Asia) sat down to discuss how business risks are changing/ increasing in China as the ripples of the economic crisis come ashore. One of the most important issues he...

Earlier this week, old friend Dane Chamorro (General Manager of Control Risks Asia) sat down to discuss how business risks are changing/ increasing in China as the ripples of the economic crisis come ashore. One of the most important issues he... http://www.allroadsleadtochina.com/index.php/2009/02/05/valuable-lessons-in-understanding-planning-for-and-mitigating-risk-in-china/ Ray Kwong rkwong113 6 6 0 0 urn:com:businessweek:bx:article:14446424311376143511-7370238b6d380a0464e5f3b9cbb25e22 2009-01-30T16:47:41.595-05:00

Value at risk (VaR) financial models are the latest game being played by those on Wall Street who profess to manage risk, a troubling trend detailed superbly by Joe Nocera in a January 2 New York Times Magazine article. Such models give bankers a...

Value at risk (VaR) financial models are the latest game being played by those on Wall Street who profess to manage risk, a troubling trend detailed superbly by Joe Nocera in a January 2 New York Times Magazine article. Such models give bankers a... http://seekingalpha.com/article/117671-risk-management-or-risk-manipulation Michelle Lockett mlockett714 8 8 0 0 urn:com:businessweek:bx:article:4175745527117302241-b618649ec0db8073a46cda127665153a 2009-07-13T16:42:20.529-04:00

According to NOAA scientists, El Niño conditions are emerging in the Pacific and are expected to last through the 2009-10 winter. It is still too early to tell the severity of this year’s El Niño, with computer model forecasts ranging from relatively weak to strong intensity. But, given El Niño’s tremendous capacity for influencing weather worldwide … and thus, cost drivers for business … it’s worth monitoring the situation and taking some precautionary measures. When we think of weather’s impact on supply chain costs, risks and logistics, we’re usually discussing discrete events, such as hurricanes. But El Niño is a whole other beast, capable of...

According to NOAA scientists, El Niño conditions are emerging in the Pacific and are expected to last through the 2009-10 winter. It is still too early to tell the severity of this year’s El Niño, with computer model forecasts ranging from relatively weak to strong intensity. But, given El Niño’s tremendous capacity for influencing weather worldwide … and thus, cost drivers for business … it’s worth monitoring the situation and taking some precautionary measures. When we think of weather’s impact on supply chain costs, risks and logistics, we’re usually discussing discrete events, such as hurricanes. But El Niño is a whole other beast, capable of... http://www.supplyexcellence.com/blog/2009/07/13/el-nino-costs-2009-noaa/ Justin Fogarty jfogarty134 0 0 0 0 urn:com:businessweek:bx:article:13361894997753493054-30b3be0df83edc7542c82ba0c3666410 2009-03-04T10:45:02.133-05:00

I definitely know that in today’s climate being risk adverse is at the top of the list for many in business and IT. How can you not be risk adverse when so much is changing in our organizations and around the world in the global economic environment? You are not sure when to take action or if you are making the right decision. I have spoken a lot about sound business decisions using performance management processes and technology that provides you the information for understanding, optimizing and aligning to the business goals and objectives.

I definitely know that in today’s climate being risk adverse is at the top of the list for many in business and IT. How can you not be risk adverse when so much is changing in our organizations and around the world in the global economic environment? You are not sure when to take action or if you are making the right decision. I have spoken a lot about sound business decisions using performance management processes and technology that provides you the information for understanding, optimizing and aligning to the business goals and objectives. http://www.ventanaresearch.com/blog/commentblog.aspx?id=2898 Robert Kugel rkugel549 6 6 0 0