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Article
| FS Focus
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June 2011
Stepping into the Unknown: How Companies Learn through Risk Management
by
Anette Mikes
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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.