O'Reilly logo

Fundamentals of Enterprise Risk Management by John J. HAMPTON

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 15LIFE CYCLE RISK

Risk Quote: It’s gonna be a long hard drag, but we’ll make it.

—JANIS JOPLIN, SINGER AND SONG WRITER

Risk Quote: The superior man makes the difficulty to be overcome his first interest; success only comes later.

—CONFUCIUS, CHINESE PHILOSOPHER

Another risk not assigned to a single risk owner is life cycle risk—the reality that business units and lines of business start up, grow to maturity, and, in many cases, enter a period of stagnation or decline. The challenge for a central risk function is first to understand life cycle risk and then to identify the stage of the life cycle for different units.

Most large companies have units at different stages in the organizational life cycle. The four stages of the life cycle ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required