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

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CHAPTER 18

COLLABORATION FOR EFFECTIVE RISK MANAGEMENT

RISK QUOTE: Half the lies they tell about me aren’t true.

YOGI BERRA, BASEBALL PLAYER

RISK QUOTE: Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.

DONALD TRUMP, BUSINESSMAN

Collaboration

Collaboration occurs when two or more parties work together to achieve common goals. In risk management, it increases available knowledge, shares it, creates learning from new viewpoints, and produces a cooperative effort in developing consensus.

Management deals with activities to improve organizations. Leadership involves efforts to help others achieve their goals. We might ask whether collaboration requires leadership, that is, a vision ...

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