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Fundamentals of Enterprise Risk Management, 2nd Edition by John J. Hampton

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CHAPTER 15

LIFE CYCLE RISK

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

JANIS JOPLIN, SINGER AND SONGWRITER.

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

CONFUCIUS, CHINESE PHILOSOPHER

Organizational Life Cycle

A reality is that 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 to understand life cycle risk and identify the stage of the life cycle for different units. The stages are:

Start-Up. The birth of a unit. It occurs when a company invests money in a ...

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