Article | FS Focus | June 2011

Stepping into the Unknown: How Companies Learn through Risk Management

by Anette Mikes

Abstract

Risk management can add value through the continuous questioning of existing controls, strategies, and scenarios. The article outlines a new framework for risk management predicated on the notion of organizational learning, and illustrates it by a case study of a company that combined the strengths of a tripartite risk management function, deploying both independent and embedded risk managers.

Keywords: Learning; Framework; Governance Controls; Risk Management; Organizational Change and Adaptation;

Citation:

Mikes, Anette. "Stepping into the Unknown: How Companies Learn through Risk Management." FS Focus 50 (June 2011): 22–25.