Current Economic Conditions and Strategic Risk Management

Strategic Risk Management
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Best Practices
Nikhil
Business, India

Current Economic Conditions and Strategic Risk Management

How can we explain the current recession in the light of SRM? Which of above categories does this period fit into?
Does this come under uncertainties clause? How can we include risk solutions to prevent this situation from happening again?

  Augusto Carreira
Partner, Portugal
 

Current Economic Conditions and Strategic Risk Management

I don't think this framework is applicable to the macro economic environment.
In fact if anything can be said about it is that there was no risk management at all specially by the real estate and derivatives specialist firms.

  Ahmad Azman
Manager, Malaysia
 

Current Economic Conditions and SRM

Sometimes to overcome the crisis we can use intuition based on how we define the problems and experiences. Theories may help a lot.

  Gary Monti
Consultant/Educator, United States
 

Greed

I agree with Augusto. There was no risk management. That requires humility (a sense of limit), which is a key part of risk management. Greed knows no such limit.

  Firstep Eapl Astimen
Manager, Indonesia
 

SRM in Small Areas

We can implement SRM in small areas like start / end analysis with 6 issues: Goals, Current Conditions, Strategy and App...

  Kevin Rapp, USA
 

Humility and Bravery for Better Good of All

Macro risk management is something that if regulated becomes what we have fought not to have. However, the individuals w...

  GIMENO
dirigeante, France
 

Willingness to Change

May be the way to prepare for the future and a way to face the crisis is to prepare people to move, to change. Our way ...

  Folkert Visser, Netherlands
 

Inspiration vs. Greed

Changing our way of life will be the turnkey. Inspiration is what we all need to work on. People acting by inspiration r...

  bananigantayat
mba, India
 

Risk Management Models are Contingent

I think that risk managaement models or solutions are contingent in nature and approach....

  Pam Davou
Analyst, Nigeria
 

How About Country Risk

This article is extremely timely and useful in the light of increasing diversity of risk in today's business environment...

  Jaap de Jonge
Editor, Netherlands
 

Role of Cognitive Biases

Our mind has a tendency (a cognitive bias) to over-estimate our level of control to influence outcomes which in reality ...

  Jeswan SinghPS
Engineer, Malaysia
 

Strategic Risk Management (SRM)

SRM includes initiatives that are evaluated during uncertain business times. When a major project gestation period is lo...

  Irene Jurczyk, USA
 

Shift in Consciousness - Consumerism vs Cooperation

I read with interest the responses on SRM and was particularly struck by Folkert Visser's and Gimeno's comments. Is it ...

  Kala Ganapathy
Teacher, Malaysia
 

Self Initiative

I think self initiative to accept and to learn the changes which occur in our modern situation is far more important. Ch...

  KHURSHID ALAM
Manager, India
 

Planned SRM gives a Competitive Advantage

SRM is a vital tool for an organisation in the present scenario of market where on every step there is a risk. If someo...

  Odink
Netherlands
 

Standard Rules for Implementing Risk Management

Last november ISO 31000 en ISO Guide 73 where published as standards in risk management. It covers rules and regulations...

  h fotheringham
drilling consultant, United Kingdom
 

SRM

There has to be a starting point and a benchmark for reality, if SRM works then well and good. If not modify it to your ...

 

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