Current Economic Conditions and Strategic Risk Management

      
			              Best Practices
			            
							              19

		            		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?
				      
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						            	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.
				                
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						            	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.
				                
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						            	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.
				                
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						            	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 Conditio... Sign up
				              
										              0

						            	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. Howeve... Sign up
				              
										              0

						            	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, ... Sign up
				              
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						            	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 act... Sign up
				              
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						            	bananigantayat
mba, India
												
				                Risk Management Models are Contingent

													I think that risk managaement models or solutions are contingent in nature and approach.... Sign up
				              
										              0

						            	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 ... Sign up
				              
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						            	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 outcom... Sign up
				              
										              0

						            	Jeswan SinghPS
Engineer, Malaysia
												
				                Strategic Risk Management (SRM)

													SRM includes initiatives that are evaluated during uncertain business times. When a major project ge... Sign up
				              
										              0

						            	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... Sign up
				              
										              0

						            	Kala Ganapathy
Teacher, Malaysia
												
				                Self Initiative

													I think self initiative to accept and to learn the changes which occur in our modern situation is fa... Sign up
				              
										              0

						            	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... Sign up
				              
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						            	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 r... Sign up
				              
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						            	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 no... Sign up
				              
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