I’ve been playing quite a bit of Angry Birds ever since I got my Samsung Galaxy Tab for my birthday. I love this game. The objective of course is for birds (each with their unique strengths) to destroy the structures…
Religion and strategic risk management
A story in the National Post today describes the stats behind a decline of religious affiliation in many countries. A researcher explains: “There’ll be a continuing loss of membership among people who identify themselves as belonging to a religion. Over time,…
Professor Pinch’s basic risk management strategy
Professor Pinch builds on my blog and shares his thoughts about personal risk management and risk management in general. He writes: “Always (put) yourself in position to control your response to situations – (do) not have them dictated to you…
Baxter talks about strategic risk management
In this post by De-Risk, Keith Baxter explains the importance of strategic risk management. He writes: Most companies have risk management processes in place, but there is too much focus on operational risk and not enough on strategic risk, De-Risk’s…
strategy+business: Islamic finance
If you don’t know much about Islamic finance, here’s a pretty good explanation in strategy+business. In short, Islamic finance is a financial system that does not “permit payment or collection of interest, nor transactions based on speculation or risk.” So…
KPMG paper: The Business Case for a Risk Executive
Here is the latest white paper from KPMG called The Business Case for a Risk Executive: Leading Efforts to Avoid Surprises, Maneuver through Challenges, and Add Value. (See link below.) Big title. Fortunately, the paper is only 12 pages in…
Retention bonuses: risk or reward?
In a recent article by Jim Heskett in Harvard Business Journal’s Working Knowledge, he weighs in on value of performance bonuses; he says “they provide an incentive to do nothing”. Is $742,000 too much to pay one executive at AIG?…
ERM Creates Value
ERM helps leaders deal effectively with the current or potential events that create uncertainty and respond in a way that balances the downside of the uncertainties that we want to avoid against the upside. The big picture outcomes of ERM…