PART ONE  

ESSENTIALS OF ENTERPRISE RISK MANAGEMENT

HERE WE TELL THE STORY of why organizations should create modern risk management programs. Risks are related. One risk affects others as they cross the often-artificial walls of day-to-day operations. People can be too close to risk or just too busy to recognize impending critical problems.

We start with the features of modern risk management, a discipline that morphed from a narrow insurance-buying role. Stories and examples help us grasp hazard risk management as a foundation for ERM. What is modern risk management? What does it mean for an organization? What are the contributions it makes to ...

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