It has to be said. Enterprise Risk Management (ERM) has serious flaws.
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My new eBook, "The Five Weaknesses of Enterprise Risk Management," examines the history of Enterprise Risk Management, identifies its five weaknesses, outlines a path for reform and explains what’s at stake for society.
Simply adding `Enterprise' to traditional Risk Management changes nothing. What is needed is fundamental and revolutionary change – the kind that causes the management world, whether private or public, to take note and acknowledge that managing risk is the key to survival in a turbulent and uncertain milieu.
"The Five Weaknesses of Enterprise Risk Management" explains how:
1. ERM Lacks the Framework it Touts
2. ERM is Reactive Instead of Proactive
3. ERM Discards the Wisdom of Insiders
4. ERM Doesn’t Calculate Mitigation Costs
5. ERM Fails to Rank Risks
This eBook is a must-read for CEOs, CFOs, risk managers and others responsible for managing risk. A free download is available at http://omegainc.com/5-weaknesses-of-enterprise-risk-management-erm.
I hope you enjoy it. Let me know what you think.