Discussion 2: Implementing a Risk-Aware Culture

In today's competitive business climate, there is more pressure than ever to manage risks in an organization. When an organization decides to commit to a risk aware culture and encourage a collective effort, what, if any, is the relationship between organizational culture and risk?

References

Fraser, J., & Simkins, B. J. (Eds.). (2010). Enterprise risk management: Today's leading research and best practices for tomorrow's executives. Hoboken, NJ: Wiley.

• Chapter 1, "Enterprise Risk Management: An Introduction and Overview"

This chapter provides an overview of enterprise risk management and discusses how the broad view of ERM can assist firms in managing risk in a holistic way.

• Chapter 2, "A Brief History of Risk Management"

This chapter reviews the early stages of risk management to current thinking on risk management.

• Chapter 6, "Creating a Risk-Aware Culture"

This chapter provides methods on how to create positive, informed, and supportive culture for risk management.