Managing Risks: A New Framework

摘要: Risk management is too-often treated as a compliance issue that can be solved by drawing up lots of rules and making sure all employees follow them. Many such rules, course, are sensible do reduce some risks could severely damage company. But rules-based risk will not diminish either the likelihood or impact disaster Deepwater Horizon, just it did prevent failure many financial institutions during 2007–2008 credit crisis. In this article, Robert S. Kaplan Anette Mikes present categorization allows executives to understand qualitative distinctions between types organizations face. Preventable risks, arising from within organization, controllable ought eliminated avoided. Examples employees’ managers’ unauthorized, unethical, inappropriate actions breakdowns in routine operational processes. Strategy those company voluntarily assumes order generate superior returns its strategy. External arise events outside beyond influence control. Sources these include natural political disasters major macroeconomic shifts. any category fatal company’s strategy even survival. Companies should tailor their processes different categories. A approach effective for managing preventable whereas require fundamentally based on open explicit discussions. To anticipate mitigate external companies call tools war-gaming scenario analysis.