Turning risk into advantage: A case study
By John Michael Farrell, KPMG LLP. | June 20, 2011
From the 404 Institute
Turning risk in advantage: A case study provides an overview of a company that transitioned from a siloed, passive approach to risk management to one that looks at risk in a holistic, enterprise-wide fashion, and in the process, gained a competitive advantage.
This case study examines how the company fostered clear accountabilities and responsibilities for risk management; balanced risk and return through an understanding of risk and what the appetite for that risk is; embedded risk management as part of the overall business strategy.
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