Developing a Culture for Sound Risk Management

Russell Walker
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Russell Walker: Northwestern University, USA

Chapter 10 in Winning with Risk Management, 2013, pp 143-163 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:British Petroleum and Its BeginningRisk Brewing and Early Warning SignsThe Explosion in the GulfCleaning up and Growing CostsCase ReviewRisk Management LessonsExamine your company's history for taking riskExamine anomalies in low operating expenses and cash reservesBe mindful of the political process and how it can exacerbate your lossesSet risk management goals for long-term value protectionExamine your risk-taking relative to the industry and your level of readiness relative to the industryCase Questions

Keywords: Risk Management; Risk; Financial Markets; Enterprise Risk (search for similar items in EconPapers)
Date: 2013
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