2nd Edition
Risk Management in Organisations An Integrated Case Study Approach
Risk management is vital to organisational success, from government down to small businesses, and the discipline has developed rapidly over the last decade. Learning lessons from the good and bad practice of others is a key feature of this book, which includes multiple illustrative examples of risk management practice, in addition to detailed case studies.
Combining both theory and practice, the early chapters compare the ISO 31000 and COSO Enterprise Risk Management frameworks and the relevant regulatory regimes in both Europe and the United States. The core of the book is three highly detailed case studies of risk management in the manufacturing (Akzo Nobel), retail (Tesco), and public sectors (Birmingham City Council). Using the lessons learned from the case studies, together with material from elsewhere, the author then outlines four lessons for risk managers that can be used in any organisation seeking to develop a truly enterprise-wide risk management system.
This completely revised edition contains updates on regulations and practice, together with new chapters covering technology risk and COVID-19, which are major risks faced by all organisations today. As such the book is essential reading for risk management professionals and postgraduate and executive learners.
1 Introduction to This Book; 2 Risk and Governance; 3 International Standards for Risk and Enterprise Management; 4 Risk Management in Theory and Practice; 5 Managing Technology Risk; 6 Enterprise Risk Management in Manufacturing: The Case of Akzo Nobel (2000–2020); 7 Risk Management in Retail: Tesco PLC (2004–2019); 8 Risk Management in the Public Sector: Birmingham City Council (2002–2020); 9 Best Practice Risk Management: Key Lessons; 10 A Risk Management Perspective on COVID-19
Biography
Margaret Woods is Emeritus Professor of Accounting and Risk at Aston Business School, Aston University, UK. A founder of the EU-funded European Risk Research Forum, her work on bank risk management during the global financial crisis stimulated national and international media interest.
"The case studies set out in this book, based on sound research and set firmly within the context of the most up-to-date governance and standards frameworks, make a real contribution to the understanding of managing risk within organisations. The book will be an excellent resource for students and practitioners of risk management." Stephen Sidebottom, Chair, The Institute of Risk Management
"Providing analysis of the evolution of various risk types via detailed case studies and snapshots of risk events across large and small organisations, this unique and valuable book delivers profound insights for risk management scholars and practitioners." Marco Maffei, University of Naples Federico II, Italy
"Risk Management in Organisations remains an invaluable resource and this new edition will be of interest to risk management practitioners, students and academics internationally." Chris Peace, Te Wāhanga□Tātai Hauora Victoria University of Wellington, New Zealand
"Combining theory and regulation, this new edition is an indispensable guide to risk management. With new insights around technological development and COVID-19, the book is required reading for risk practitioners globally." Marie Gemma Dequae, Risk Management Practitioner
