Can Bad Culture Kill a Firm?Can Bad Culture Kill a Firm? This article discusses that several ERM characteristics mitigate ... (Clark). Survival depends on capital management, care- fully study, focus on particular markets, and dis- ...
Description: This article discusses that several ERM characteristics mitigate the effects of bad corporate culture, including: • The whole firm is considered the system in view holistic characteristic. • Peers are empowered to lead in positive ways intensive management characteristic. • Risk taking should be separated from risk management objective assessment characteristic. • Risk management is a key corporate value, second only to profit maximization postmodern characteristic.Hide
- Authors: Stephen W Hiemstra
- Date: Dec 2008
- Competency: Strategic Insight and Integration
- Publication Name: Risk Management
- Topics: Enterprise Risk Management