Single Topic Report
Rethinking Risk - Strategies for Today's Changing Business Climate
28 July 2010
Recent events have caused most firms to take a closer look at their risk management approach. Many are discovering that the traditional divide between business and IT risk is going away. They are also discovering that top-down compliance-based processes are only a small part of the solution. What is needed is a strong bottom-up culture based on ethics, integrity and values that spans both business and IT. This report will describe the many ways that this goal is being pursued.
The report is divided into four main sections:
- What can firms learn from the risk management failures of both the financial crash and the recent Gulf of Mexico oil spill disaster?
- How should business management factor in emerging internet-based risks?
- How are firms’ risk management strategies changing in response to these developments?
- What new frontiers of risk management thinking and research do we see as particularly promising?
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