Making Enterprise Risk Management Pay Off: How Leading Companies Implement Risk Management

Customer Reviews

I run a medium size business in a big city. If you want to "de-risk" a company, you need to learn from managers who are already doing it and doing it well. This book has very detailed cases about the risk management programs at companies like Microsoft and DuPont with managers telling their own stories. The book is short on fancy theories and long on practical ideas.

I admit I was surprised to see Chase bank among these elite companies. Chase wrote off $500 million because of Enron. But you have to wonder how much more they would have written off without a good risk management program. No one ever said these systems are perfect. The Chase chapter even describes two big problems the bank had with their bookkeeping and how they were fixing them.

This book has everything you need to get started in a good risk management program. Lord knows businesses had better manage their risks or they're history.

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