Operational Risk – Page 5
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Analysis13 common mistakes when building global crisis readiness programmes
Regardless of the sector, size or the geographic location, there are a number of common mistakes that organisations make when establishing global readiness programs. Control Risks senior partner, Bill Udell and associate director, Aaron Schwirian explain how you can avoid them
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AnalysisStrategicRISK Europe Q3 now live: corporate culture lessons learned from Mount Kilimanjaro
Companies and teams with clear values and a strong corporate culture are better placed to execute strategy and maintain focus. Culture underpins many of our risk decisions and actions. These were some of the corporate culture lessons learned during an expedition up Mount Kilimanjaro
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AnalysisThailand cave rescue: the lessons that can apply to risk management
Important risk management lessons emerged from this summer’s dramatic rescue operation, as Juliana Sutanto, professor of information systems at Lancaster University, explains
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Latest IssueStrategicRISK Europe Q3 now live: corporate culture lessons learned from Mount Kilimanjaro
Companies and teams with clear values and a strong corporate culture are better placed to execute strategy and maintain focus. Culture underpins many of our risk decisions and actions. These were some of the corporate culture lessons learned during an expedition up Mount Kilimanjaro
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AnalysisWhy strategic risks are not "operational risks viewed strategically"
Chief risk officer, Michael Doyle tells StrategicRISK why businesses need to be very clear on where strategic risk ends and operational risk begins.
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AnalysisIs a recall ever good?
Fall out from a recall can be devastating, hitting retailer and consumer trust, and bringing heavy hidden costs. While some say it is possible to come out of a recall looking good, ultimately prevention is always better than cure.
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AnalysisEurope’s listeria outbreak sends stern warning to risk and supply chain managers
As Europe’s food and industry thrives, the heat is on to manage its risks. We look to the lab where solutions are being developed to better handle contamination and consider a more holistic approach to coverage that goes far beyond simple product recall insurance
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AnalysisRisk innovation: Germany, part 2 – new era heralds new risks
Often seen as a bit of a laggard in the race for automation, Germany’s construction and engineering industry is making up for lost time
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AnalysisWhy does risk management need a systemic approach?
Christoph Schwager, managing director of SRI Strategic Risk Institute and former Chief Risk Officer, Airbus Group and Partner EY explains why risk management always needs a systemic approach.
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AnalysisPart three: Building resilience in the Fourth Industrial Revolution
In the final part of our series, risk specialist Warren Black explains how organsations can embed a systemic sense of resilience
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HeadspaceInside Greenyard Frozen: the listeria outbreak
Aldi, Lidl, Iceland, Sainsbury’s, Tesco and Waitrose have had to recall thousands of frozen foods after harmful bacteria was found in products they sold. Such recalls can result in tumbling share prices or total collapse. Here’s what can be done to minimise the threats
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AnalysisShould I be using ‘near misses’ in my risk management programme and if so, how are these best used/incorporated?
The thought of a near miss is enough to send shivers down the spine of any risk manager. But as seasoned risk and internal audit leader Chris Corless explains these near misses provide important lessons for risk managers looking to not make the same mistake twice
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AnalysisTo ERM or not to ERM?
Is ERM valuable? This was the theme of an online discussion hosted by Alex Sidorenko and Hans Læssøe. StrategicRISK caught up with both risk practitioners ahead of the debate to find out more
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AnalysisJLT plans for challenges of a no-deal Brexit
JLT chief executive Dominic Burke highlights preparing for Brexit as a challenge for the second half of the year
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AnalysisThe risks and opportunities of cross-border energy sharing
Damage to deep-sea cables - such as those servicing offshore wind projects - has been a major driver of losses within the renewable sector. As grids seek to import and export more of their power via interconnectors, there is an opportunity to learn from these losses
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AnalysisRisk-managing renewable energy projects: what Hurricane Maria taught us
Hurricane Maria, Puerto Rico’s worst natural disaster on record, highlights the impact major natural catastrophes can have on renewable energy projects and what can be learnt
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Case StudiesManaging natural disaster to renewable energy projects: an Asia-Pacific case study
Asia-Pacific’s renewable energy sector is poised for growth, placing greater pressure on finding the best risk management solutions to prevent and mitigate the risks
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AnalysisCould energy storage resolve grid volatility?
As power grids seek to adapt to the transition to renewable power generation, energy storage solutions, including battery storage, gas peaking plants and hydroelectricity, are touted as one solution to grid volatility
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AnalysisWhat things should I consider when buying corporate insurance?
Suchitra Narayanan, head of risk and insurance for Bumi Armada, offers a complete guide to the process
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AnalysisI am in the process of developing my ERM programme. What common mistakes should I avoid?
When it comes to implementing a successful ERM program, sometimes learning what not to do is just as important as learning what to do. StrategicRISK spoke with one of Taiwan’s most experienced risk managers, Jeff Yeo, to get his tips and tricks on ERM.
