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 What is risk, and how can it be expressed? Different international standards, such as the AS/NZS 3460 Risk Management Standard, the COSO ERM framework and the ISO 31000 Risk Management Standard do not provide adequate guidance for risk assessments and lack the necessary precision. [ ... ]  This month’s blog is RISKCZAR’s BLOG by Trevor Levine, a blog that is based on his almost 20 years of experience in financial, operational and enterprise risk management (ERM), and process improvement. In other words, a heavy-weight risk champion, but it’s not heavy-weight reading. [ ... ]  What do businesses in Scandinavia fear the most? The answer may surprise you…or maybe not. Interestingly, what is most on managers’ minds is very different from country to country. Supply chain risks do not rank very high. Actually, unless you count them in implicitly, they do not rank at all…almost. [ ... ]  In this book, which is a more or less unabridged version of his dissertation, Holger Köhler not only presents a (new) system for the systematization of supply chain risks, he also develops a model for the factors that influence supplier risk and brings it together in a novel way that I haven’t seen before. [ ... ]  This month’s blog is a blog for anyone who works with or is exposed to risk, and is a blog full of personal insights, funny stories and profound wisdom with business and management insights told through a personal lens and seen in light of past and present events, coupled with a solid dose of risk understanding. [ ... ]  Small and medium-sized enterprises (SMEs) make up the majority of enterprises in most countries, and thus often play a considerable role in supply chains, yet they often lag behind in implementing effective risk management practices, which are essential to their survival and their business continuity. [ ... ]  Do we ever learn? How come we humans knowingly and willingly put ourselves and our critical infrastructure in harm’s way time and again? Instead of living with and adjusting to natural hazards, we turn them into natural disasters, by our own doings and short-sighted decisions. [ ... ]  This a book for companies wishing to survive into the future, simply because developing effective protection against exposure to ‘ethical risk’ is the only possible way forward, as corporate social responsibility is growing in importance. Not the only possible way, but the only viable way. [ ... ]  This is a highly quantitative paper, yet it seems to be very applicable in practice. It proposes a hybrid MCDM method based on ANP and Fuzzy TOPSIS to enhance previous solutions for the problem of selecting the best supplier from a set of potential alternatives based on a set of risk factors. [ ... ]  In this whitepaper by hiperos.com, supplier risk management is focused on four areas: the supplier’s viability, performance, compliance and corporate social performance. That is a perspective very much in line with my own ideas of holistic risk management and how a company should work with risk. [ ... ] | | |
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2011/08/22 
