ENTERPRISE RISK

Posted by Guy Taylor on March 22nd, 2007

The Risk Forum was established in 2004 at the London School of Economics in order to bring together individuals and their organisations to provide a transdisciplinary community of interest in “risk”. Now it is operating as an independent organisation, still based in London and infact still working with academics at LSE.

We are academics, actuaries, economists, lawyers, treasurers, insurers and of course risk professionals.

We are interested in appetite for risk to zoonosis, explore the nature of risk,and how to manage both the hazards and the opportunities.

We network and associate with others across the whole spectrum and universe of “risk”.

In association with the London School of Economics, Cass Business School, South Bank University in London and a global network of academics and risk practitioners.

small dalhia ANALYSIS & COMMENTS

The potential for gain or loss, risk and uncertainty, from activities in the business or organisations operations arising from price, liquidity, credit inflation, or hedging, by the use of financial market products or services, including insurance policies.

The potential for harm, loss or damage from matters or things you are usually aware of. Insurance typically is used to transfer these known risks to, physical assets from fire and other perils, any legal liabilities arising from the business, products or services provided and perhaps loss of profits as a result of any insured losses. Usually management systems take care of any hazards relating to health and safety issues in the workplace.

The potential for loss or gain, risk and uncertainty, arising from the activities of the business or the organisation. For example from human resources, product development, product or service failure, supply chain management, information systems, and the reporting of these activities to any relevant stakeholders.

The specific choices made both in the past, present and in the future which have or are likely to affect the achievement of the business or organisations objectives. These choices are subject to risk, uncertainty and opportunity for gain or loss. Constant awareness of changing circumstances, new issues, emerging trends, and persistent problems are part of the analysis required.

small dalhia Find out more …

Today’s organisations operate in the rapidly changing international environment in which risk is both a challenge and an opportunity. The future success of these organisations rests upon taking risks and therefore a continuous development of understanding is required. To identify, assess and manage risk in this dynamic environment requires rigorous, intensive analysis and broad awareness of emergent issues and trends. Performing this analysis and creating this awareness demands a constantly evolving knowledge base. This knowledge base is sustained and enriched by ideas that come from outside of the organisation.