How Mature is Your Risk Management? ? HBR | Accounting and ...

June 29, 2012 ? 12:18 PM

Where is your risk management strategy or is it at all??? The article based on E&Y research makes great points.? Do you consider risk management is not the key areas of company growth and revenue ? business goals?? Read on.? I think your strategy may be altered.

Exerpt: In recent research conducted by Ernst & Young, the top finding was that organizations with greater risk management maturity?that is to say, those that do focus on strategic risks and have integrated their various risk management activities?outperform their peers financially. They clearly generate higher growth in revenue, EBITDA, and EBITDA/EV. The finding is a correlation but points to a theory of causation: we believe these companies are far more adept at identifying and mitigating the risks that could undermine their achievement of business goals. At the same time, they are effectively containing financial reporting and compliance risks.

Read full article via How Mature is Your Risk Management? ? Michael Herrinton ? Harvard Business Review.

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Source: http://bjconquest.com/2012/06/29/how-mature-is-your-risk-management-hbr/

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