Concluding Thoughts

Erik Banks

Chapter 9 in Risk Culture, 2012, pp 158-171 from Palgrave Macmillan

Abstract: Abstract We are reaching the end of our journey into risk culture. It remains in this chapter to summarize some of the key takeaways from the book in order to reinforce the main concepts. We shall also explore, through some speculative analysis, what might have happened to the companies described in the case studies in Chapter 5 had they focused earlier in their corporate lives on creating a robust risk culture; this analysis will help us reinforce some of the benefits of a strong risk culture. We shall then consider a simple jump-start program, based on the imperatives from Chapters 6 and 7, which lets four key groups of professionals take some easy steps to get the risk culture process started. We shall conclude with some ideas on what might happen next in the field of risk culture.

Keywords: Risk Management; Risk Management Process; Private Equity Fund; Tail Risk; Risk Strategy (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-26372-8_9

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DOI: 10.1057/9781137263728_9

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