How NOT to reinvent the 'risk management' wheel

July 2009 Issue

Think fast; can you name 3 publications on risk management? More importantly, what risk management literature have you read within the past year? If your answers are blanks, you are in danger of wasting your time and resources trying to reinvent the risk management wheel.

I have noticed that many executives with risk management responsibilities read surprising little about the discipline. But the most successful ones do keep current with risk and management literature. This observation is confirmed by the paper Who Reads What Most Often? A Survey of Enterprise Risk Management Literature Read by Risk Executives by John R.S. Fraser, Karen Schoening-Thiessen, and Betty J. Simkins. Their study, published in the Journal Of Applied Finance - Spring/Summer 2008, found that experienced risk executives are much more familiar with the literature than their less experienced counterparts.

The paper also lists those titles that experienced risk executives found very useful at early and advanced stages of ERM implementation. Any risk executive would be well served to consult the risk and management resources (books, papers, and reports) featured in the paper by Fraser et al.

Research and learning from others can help you to shorten your learning curve, avoid expensive mistakes and reduce the chance of failure in change initiatives associated with enhancing risk management practices.

What is your plan to stay current with the risk management literature?

Follow the links to:

Current Special Offers for Subscribers

Current Special Offers for Subscribers

The codes to access the following special offers have been emailed to The Mobilize for Growth™ Advisory subscribers:

  • SPECIAL OFFER: $100 off for The Mobilize for Growth™ Advisory subscribers on the full fee on The Conference Board of Canada's Strategic Foresight Training Workshop (August 28, 2018) or Strategic Foresight Scanning Workshop held (August 29, 2018) to be presented in Ottawa, ON.  (Subscribers have been sent the instructions on how to access this offer).  Not yet a subscriber?  Don't miss out, click here to sign-up for your complimentary Advisory subscription.
  • SPECIAL OFFER: $500 off for The Mobilize for Growth™ Advisory subscribers on the full program fee Masters Certificate in Risk Management and Business Performance presented by the Schulich School of Business.  The next module to be held on September 17-20, 2018 in Toronto, ON. (Subscribers have been sent the instructions on how to access this offer).  Not yet a subscriber?  Don't miss out, click here to sign-up for your complimentary Advisory subscription.

  • SPECIAL OFFER: $200 off for The Mobilize for Growth™ Advisory subscribers on NavIncerta's Risk Management and Quantification Learning (October 1 - December 10, 2018).  Learn methods for quantifying non-technical risks.  This Virtual Learning Lab consists of pre-programmed live virtual expert lectures, online self-study materials (split up in blocks) and optional class check-ins.  This is a unique opportunity to learn tools pioneered at Shell and evolved to be applicable to any company that makes business decisions under uncertainty. (Subscribers have been sent the instructions on how to access this offer).  Not yet a subscriber?  Don't miss out, click here to sign-up for your complimentary Advisory subscription.

Not yet a subscriber, but want to access these special offers?

When you subscribe to the Advisory, we'll send you the code for all current special offers along with a link to your New Subscriber Bonus, a copy of Moving Beyond the Risk Map to Operational Vigilance.

FIND OUT FOR YOURSELF why risk management leaders subscribe, click to access the ARTICLE INDEX of all past issues of the Risk Management Made Simple Advisory.

"I save and study each issue of the Advisory. I appreciate how Diana gives very practical advice and links it to fundamental theories and best practices." 

Sherrie Hyde, Risk Manager, Lutherwood

Current Special Offers for Subscribers

The code to access the following special offer has been emailed to all Risk Management Made Simple Advisory subscribers:

Not yet a subscriber, but want to access these special offers?

When you subscribe to the Advisory, we'll send you the code for all current special offers along with a link to your New Subscriber Bonus, a copy of Moving Beyond the Risk Map to Operational Vigilance.

FIND OUT FOR YOURSELF why risk management leaders subscribe, click to access the ARTICLE INDEX of all past issues of the Risk Management Made Simple Advisory.

"I save and study each issue of the Advisory. I appreciate how Diana gives very practical advice and links it to fundamental theories and best practices." 

Sherrie Hyde, Risk Manager, Lutherwood

FREE DOWNLOAD

Moving Beyond the Risk Map to Operational Vigilance

Read more about the Risk Management Made Simple Advisory.

"It is so refreshing to read a newsletter that offers real solutions for risk management challenges."
Cathy Taylor
Director, Risk
Kinross Gold Corporation

Jump Start your risk management program.

Receive personalized advice from Risk Wise

See Details

Diana's Pick

The Neuroscience of Enterprise Risk Management (written by Diana Del Bel Belluz of Risk Wise) expores findings from the field of neuroscience and shares practical tips on how to apply them to enhance individuals' risk management thinking and implement brain-friendly ERM practices in organizations.

The article was published by The Conference Board of Canada in the Autumn 2017 issue of the journal Risk Watch.