{"product_id":"erm-enterprise-risk-management-isbn-9781118539521","title":"ERM - Enterprise Risk Management","description":"\u003cp\u003e\u003cb\u003eA wealth of international case studies illustrating current issues and emerging best practices in enterprise risk management\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDespite enterprise risk management's relative newness as a recognized business discipline, the marketplace is replete with guides and references for ERM practitioners. Yet, until now, few case studies illustrating ERM in action have appeared in the literature. One reason for this is that, until recently, there were many disparate, even conflicting definitions of what, exactly ERM is and, more importantly, how organizations can use it to utmost advantage. With efforts underway, internationally, to mandate ERM and to standardize ERM standards and practices, the need has never been greater for an authoritative resource offering risk management professionals authoritative coverage of the full array of contemporary ERM issues and challenges. Written by two recognized international thought leaders in the field, \u003ci\u003eERM-Enterprise Risk Management\u003c\/i\u003e provides that and much more.\u003c\/p\u003e \u003cul\u003e \u003cli\u003ePacked with international cases studies illustrating ERM best practices applicable across all industry sectors and business models\u003c\/li\u003e \u003cli\u003eExplores contemporary issues, including quantitative and qualitative measures, as well as potential pitfalls and challenges facing today's enterprise risk managers\u003c\/li\u003e \u003cli\u003eIncludes interviews with leading risk management theorists and practitioners, as well as risk managers from a variety of industries\u003c\/li\u003e \u003cli\u003eAn indispensable working resource for risk management practitioners everywhere and a valuable reference for researchers, providing the latest empirical evidence and an exhaustive bibliography\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eContributor List vii\u003c\/p\u003e \u003cp\u003eAbout the Editors ix\u003c\/p\u003e \u003cp\u003eAcknowledgements x\u003c\/p\u003e \u003cp\u003eIntroduction xi\u003c\/p\u003e \u003cp\u003eISO 31000 and Guide 73: 2009 Select Terms and Their Definitions xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Erm Articles 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Establishing the Internal and External Contexts 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Managing Risks to Enable Strategy 3\u003cbr\u003e \u003ci\u003eJean-Paul Louisot and Christopher Mandel\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e1.2 Strategy, Constraint, Risk Management and the Value Chain 12\u003cbr\u003e \u003ci\u003eChristopher Ketcham and Kevin W. Knight\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e1.3 The Risk of Group Decision Making within Organizations: A Synthesis 19\u003cbr\u003e \u003ci\u003eDaniel A. Gaus\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Risk Assessment 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Risk Quantification: Cornerstone for Rational Risk Management 41\u003cbr\u003e \u003ci\u003eJean-Paul Louisot, Laurent Condamin and Patrick Naim\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e2.2 Brief Overview of Cindynics 48\u003cbr\u003e \u003ci\u003eGeorges-Yves Kervern and Jean-Paul Louisot\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e2.3 Risk Assessment or Exposure Diagnostic 56\u003cbr\u003e \u003ci\u003eJean-Paul Louisot\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e2.4 Managing the Collection of Relevant Data for an ERM Program: The Importance of Efficient and Neutral Questionnaires 84\u003cbr\u003e \u003ci\u003eSophie Gaultier-Gaillard\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e2.5 Enterprise Risk Analytics Systems 96\u003cbr\u003e \u003ci\u003eRichard Connelly and Jean-Paul Louisot\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e2.6 Emerging Enterprise Risks Facing the US Healthcare Industry 103\u003cbr\u003e \u003ci\u003eRobert L. Snyder\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Select and Implement the Appropriate Risk Management Technique 109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Risk to Reputation 109\u003cbr\u003e \u003ci\u003eSophie Gaultier-Gaillard, Jean-Paul Louisot and Jenny Rayner\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e3.2 Disturbance Management 123\u003cbr\u003e \u003ci\u003eJean-Paul Louisot\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Monitor Results and Revise 135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Business Ethics and Risk Management 135\u003cbr\u003e \u003ci\u003eMarc Ronez\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e4.2 Governance, Risk, Compliance: The New Paradigm of Risk Management 146\u003cbr\u003e \u003ci\u003eJean-Paul Louisot\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Communicate and Consult 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Communication as a Risk Mitigation Tool 155\u003cbr\u003e \u003ci\u003eJean-Paul Louisot\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Case Studies 163\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6 Case Study Protocol 165\u003c\/p\u003e \u003cp\u003e7 Case Study: Risk Management Implementation in China 167\u003cbr\u003e \u003ci\u003eDuojia (Doug) Lu\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Case Study: Agreeing Upon the Scope of the Project and the Job of the ERM Risk Manager 187\u003cbr\u003e \u003c\/b\u003e\u003ci\u003eChristopher Ketcham\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Case Study: Wellcome Trust 191\u003cbr\u003e \u003c\/b\u003e\u003ci\u003eFiona Davidge Interviewed by Jean-Paul Louisot\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Case Study: Large Health Insurer in the US 199\u003cbr\u003e \u003c\/b\u003e\u003ci\u003eAnonymous Interviewed by Christopher Ketcham\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Case Study: Three Steps for Bringing Risk Management Back in House 217\u003cbr\u003e \u003c\/b\u003e\u003ci\u003eRenee Reimer Interviewed by Christopher Ketcham\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 Case Study: University of California 229\u003cbr\u003e \u003c\/b\u003e\u003ci\u003eGrace Crickette Interviewed by Christopher Ketcham\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13 Case Study: Managing Risk at the OPAC du Rhône 241\u003cbr\u003e \u003c\/b\u003e\u003ci\u003eSamiha Viand Interviewed by Jean-Paul Louisot\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eERM References for Practitioners 249\u003c\/p\u003e \u003cp\u003eFurther Reading 253\u003c\/p\u003e \u003cp\u003eIndex 255\u003c\/p\u003e  \u003cp\u003e\u003cb\u003ePROFESSOR JEAN-PAUL LOUISOT,\u003c\/b\u003e ARM, FIRM, holds a Mining Engineering Degree, a Master in Economics and an MBA from the Kellogg School of Management and is a member of Beta Gamma Sigma. He has worked in risk management for nearly forty years, as a broker, an underwriter and a risk-manager. Since 1993, his activity focuses on teaching and coaching postgraduate students and risk management professionals, while still acting as a part-time risk manager for several clients developing ERM programmes. As curriculum director for CARM Institute, Ltd, he supervises the ARM and EFARM (European Fellow in Applied Risk Management) programmes. After nine years at Paris 1 Panthéon Sorbonne University, he now teaches postgraduate courses in Risk Management at the Institut Catholique de Lille and in various universities, including the IACA in Vienna. He is a frequent speaker at professional conferences in Europe, in Australia, and in the USA. He has published a number of articles and studies on risk management and developed the first edition of the ERM course at The Institutes. He is currently working on his Doctorat en sciences de Gestion at University Paris 1 Panthéon Sorbonne and plans to complete this in 2014. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eCHRISTOPHER KETCHAM,\u003c\/b\u003e Ph.D., CPCU, CFP\u003csup\u003e®\u003c\/sup\u003e, CIC, CRM, CISR, recently retired as Visiting Assistant Professor at the University of Houston Downtown’s College of Business Insurance and Risk Management department. While at UHD, Chris developed and taught seven courses for the new online curriculum for insurance and risk management undergraduate majors in this AACSB accredited school. Chris consults with industry and independent insurance agent communities on areas of practical risk management, ethics, and strategic planning. With Jean-Paul Louisot he was co-editor of the first edition of the textbook \u003ci\u003eEnterprise-Wide Risk Management: Developing and Implementing \u003c\/i\u003epublished by The Institutes for their ARM-E designation. Chris’s work in ethics extends to issues associated with emerging technologies such as private space exploration.   \u003c\/p\u003e\u003cp\u003eEnterprise-wide risk management (ERM) is recognized as an important framework and tool for organizational leaders. By linking risk management directly to strategy, organizations are beginning to identify and treat risks that may not have been contemplated in traditional operational risk management processes. As implied by the ISO 31000 standard, the ERM process aims at optimizing the impact of uncertainty on any organization through a portfolio approach to both threats and opportunities. \u003c\/p\u003e\u003cp\u003eIn theory the concept of ERM is sound. However, many questions remain. How successful have other organizations been in their ERM implementation? What issues and problems are organizations facing in their ERM execution? How are others measuring the impact of ERM in their organizations given that there is not yet an agreed-upon measurement of what represents a successful ERM programme? \u003c\/p\u003e\u003cp\u003e\u003ci\u003eERM – Enterprise Risk Management: Issues and Cases \u003c\/i\u003eprovides practical answers to these questions. This book contains interviews with senior risk management professionals from organizations that are in various stages of ERM implementation. It also includes case studies that provide the reader with insight on how to begin, maintain, and evaluate the effectiveness of an ERM programme. In addition to these case studies and interviews, the contributing authors provide suggested solutions to some of the problems that have vexed enterprise risk managers, including ethics, group dynamics, identifying and managing strategy, disturbances and business continuity, adequate and relevant data, risk to reputation, communication, and governance and compliance. \u003c\/p\u003e\u003cp\u003eWritten for the practicing risk professional and those who aspire to enter the risk profession, this book provides an extensive bibliography for further study as well as empirical evidence that can be used as a starting point for further research.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989153333477,"sku":"NP9781118539521","price":110.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118539521.jpg?v=1761783012","url":"https:\/\/k12savings.com\/products\/erm-enterprise-risk-management-isbn-9781118539521","provider":"K12savings","version":"1.0","type":"link"}