Case Study 3: Convergent Enterprise Risk Management (ERM) on Divergent Risks

2021 ◽  
pp. 317-326
Author(s):  
Franco Oboni ◽  
Cesar H. Oboni
Keyword(s):  
Risk Management ◽  
Enterprise Risk Management ◽  
Enterprise Risk

Introducing Enterprise Risk Management Into the University Classroom: A Case Study

2017 ◽  
Vol 20 (1) ◽  
pp. 99-131 ◽  
Author(s):  
Aaron Bruhn ◽  
Bronwen Whiting ◽  
Bridget Browne ◽  
Timothy Higgins ◽  
Chong It Tan
Keyword(s):  
Risk Management ◽  
Enterprise Risk Management ◽  
Enterprise Risk ◽  
The University

scholarly journals Effectiveness of Enterprise Risk Management Practices: A Case Study

2019 ◽  
Vol 10 (2) ◽  
pp. 213
Author(s):  
Hafizah Zainol Abidin ◽  
Siti Zaleha Abdul Rasid ◽  
Haliyana Khalid ◽  
Rohaida Basiruddin ◽  
Shathees Baskaran
Keyword(s):  
Risk Management ◽  
Management Practices ◽  
Gap Analysis ◽  
Enterprise Risk Management ◽  
Web Based ◽  
Enterprise Risk ◽  
Telecommunication Companies ◽  
Planning Development ◽  
Current Risk

Enterprise risk management (ERM) is used to manage, integrate and aggregate all types of risks encountered by the concerned organisation. Despite having established framework and guidelines, the implementation of ERM at divisional level seemed to be lacking. There are gaps in the actual risk management practices that need to be studied and narrowed to ensure a more effective implementation of risk management. Therefore, the objective of this study is to identify characteristics of effective risk management practices and to gauge the effectiveness level at a telecommunication company. The gaps between the actual practices and the expected practices based on twenty-four (24) identified characteristics are identified and compared upon before recommendations are made to close the gaps and further enhance the risk management practices. For the purpose of this research the self-administered, web-based questionnaires were distributed to a total number of 130 engineers who were actively involved with network infrastructure planning, development and maintenance. The feedbacks received indicated that the respondents agreed with the identified characteristics of effective risk management practices and generally agreed that the effectiveness level of current risk management practices in the company is moderate or average. Furthermore, the gap analysis based on the variances indicates that there are rooms for further improvement. The study is important for more effective risk management practices in telecommunication companies. 

A Value Measure for Public-Sector Enterprise Risk Management: A TSA Case Study

Risk Analysis ◽  
2017 ◽  
Vol 38 (5) ◽  
pp. 991-1008 ◽  
Author(s):  
Kenneth C. Fletcher ◽  
Ali E. Abbas
Keyword(s):  
Risk Management ◽  
Public Sector ◽  
Enterprise Risk Management ◽  
A Value ◽  
Enterprise Risk ◽  
Value Measure

Tesco Accounting Misstatements: Myopic Ideologies Overshadowing Larger Organisational Interests

2016 ◽  
Vol 7 (1) ◽  
pp. 9
Author(s):  
Gagan Kukreja ◽  
Sanjay Gupta
Keyword(s):  
Risk Management ◽  
Corporate Governance ◽  
Control Systems ◽  
Internal Controls ◽  
Enterprise Risk Management ◽  
Reporting Standards ◽  
Management Change ◽  
The People ◽  
Enterprise Risk

This case study explores what went wrong in Tesco that resulted in the fraud of accounting misstatements of the magnitude of £263 million, why the fraud remained undetected over a number of years, which resulted in catastrophic consequences for both Tesco and its stakeholders. Furthermore, it highlights the lessons learnt from this debacle in Tesco, with focus on enterprise risk management, change management, corporate governance, materiality of transactions from accounting perspective, auditors' independence, sound accounting practices, internal controls and, employees' incentives policies. Finally, while the ultimate price of these scandals is paid by the society at large - particularly stockholders who put their hard earned savings in these institutions just on the basis of their trust on them - and while such scandals are often attributed to gaps in internal controls and auditors' negligence, this study concludes that, whatever controls are put in place or whatever accounting and reporting standards are set, if the people who are the part of system themselves decide to bypass the control systems, it is next to impossible to prevent such fraudulent activities. This case study has been prepared for educational purposes based on public available sources such as newspapers, magazines, websites and other referred articles.

Enterprise risk management in the bus market of the city of São Paulo

2018 ◽  
Vol 25 (9) ◽  
pp. 4103-4124 ◽  
Author(s):  
Paschoal Federico Neto ◽  
Ricardo Fernandes Santos ◽  
Fábio Lotti Oliva
Keyword(s):  
Risk Management ◽  
Sao Paulo ◽  
Enterprise Risk Management ◽  
São Paulo ◽  
Content Type ◽  
Enterprise Risk ◽  
Identification Evaluation ◽  
Two Stages ◽  
The City

Purpose The purpose of this paper is to analyze the identification, evaluation and treatment of risks, as well as the appetite and corporate maturity in relation to enterprise risk management in the urban bus market of the city of São Paulo, Brazil. Design/methodology/approach A qualitative case study was formulated in two stages: the first one includes an interview with a bus market specialist and the second stage comprehends eight interviews with executives from bus chassis and coachwork manufacturers and bus fleet operators of this market. Findings The results show that larger companies tend to manage their risks in a more structured way when compared with smaller ones, although there are some exceptions. The most critical risks evaluated concerns to the political type followed by the economic/financial, strategic, environmental, social, operational, technological, image and ethical types; and the risk appetites are generally consistent with the risks criticality level. Practical implications This case study of an important sector in the economy can be emblematic for the adoption of good practices of risk management by managers. Originality/value Risk appetites are generally consistent with criticality and the main forms of treatment are to reduce, share and follow, linked to participation in representative associations.

Why do enterprise risk management systems fail? Evidence from a case study of AIG

2013 ◽  
Vol 6 (4) ◽  
pp. 345 ◽  
Author(s):  
Jagdish Pathak ◽  
Khondkar E. Karim ◽  
Clairmont Carter ◽  
Yingshu Xie
Keyword(s):  
Risk Management ◽  
Enterprise Risk Management ◽  
Management Systems ◽  
Enterprise Risk

scholarly journals Operational Risk Assessment of an English Academy in Yogyakarta

2020 ◽  
Vol 9 (2) ◽  
pp. 5-12
Author(s):  
Anastasia Filiana Ismawati
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Data Analysis ◽  
Operational Risk ◽  
Enterprise Risk Management ◽  
Operational Risks ◽  
Long Run ◽  
Enterprise Risk ◽  
Operational Activities

This research was conducted for the risk assessment on the operational activities in order to assist PT. XYZ in managing the operational activities which leads to the goals of the firm. The use of Enterprise Risk Management (ERM) can help the organization to manage the risks holistically using the intergrated methods. This research focused on the risk assessment in PT. XYZ, especially for its operating, and provided a strategy of improvement from the existing risks. The methodology used in this research is a case study with triangulation of sources as the tool to conduct the data analysis. The informants of this research are the Operational Manager of PT. XYZ and five teachers. The data was obtained by conducting interviews and there were six operational risks found which would be best to respond and to manage as soon as possible for minimizing the risks. The result of this research is to hope that PT. XYZ shall be able to manage the risks by using the ERM methodology in order to have the business in the long run and to be successfully competing in the market.

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