Enterprise Risk Management

Author: Thomas L. Barton
Publisher:
Publish Date: 2004-08-01
Features: In-depth research and analysis of the implementation of risk management practices across enterprises in five major industries in the United States, including JPMorgan Chase in financial services, DuPont in manufacturing, and Microsoft in the information technology sector. The book draws lessons from the risk management practices of world-class enterprises. It elaborates on the concepts and theories of implementing integrated risk management across the entire enterprise. It evaluates the role and responsibilities of the Chief Financial Officer (CFO) in post-event risk management. It explores emerging risks in new fields and how enterprises should properly assess and prevent them. The book introduces scenario analysis, gain/loss curve analysis, the risk-adjusted return method for measuring risk, and some new effective measurement methods.
The research and practice of risk management have just begun in China, and both the theoretical framework of risk management and the risk management mechanisms of enterprises are still far from perfect. The book's comprehensive introduction to risk management mechanisms will play a significant guiding role in establishing and improving risk management mechanisms for Chinese enterprises. Through case studies, the book introduces an effective risk management mechanism. It explains the basic concepts of risk management and the fundamental principles of implementing risk management across the entire enterprise, providing a concise overview of current risk management techniques. Additionally, the author analyzes the lessons learned from the practical implementation of this mechanism and conducts in-depth research on representative companies in five major industries.
This book is based on in-depth research conducted in relevant research projects, giving it distinct features in its structure and writing style. The viewpoints presented are objective and profound, not only highly persuasive but also highly actionable. The book adopts a case-study-driven format, with content that minimizes overly technical terminology, making it accessible even to beginners. It is believed that the vivid and engaging case analyses will make for an enjoyable reading experience. Whether for business management and research professionals aspiring to engage in risk management practice and research, or for beginners interested in risk management, this book is an excellent resource for gaining a deeper understanding of modern enterprise risk management mechanisms.
(The International Federation of CFOs is a non-profit organization composed of over 15,000 senior financial executives from around the world. The CFO Research Foundation is a non-profit institution affiliated with the Federation. This foundation was established in 1944 and provided financial support for the research conducted for this book.)