Risk Management in Organizations
An Integrated Case Study Approach
By Margaret Woods
In any organization, risk plays a huge role in the success or failure of any business
endeavour. Measuring and managing risk is a difficult and often complicated task and the
global financial crisis of the late noughties can be traced to a worldwide deficiency in
risk management regimes. One of the problems in understanding how best to manage risk is a
lack of detailed examples of real world practice.
In this accessible textbook the author sets the world of risk management in the context of
the broader corporate governance agenda, as well as explaining the core elements of a risk
management system. Material on the differences between risk management and internal
auditing is supplemented by a section on the professionalization of risk – a relatively
contemporary evolution. Enterprise risk management is also fully covered.
With a detailed array of risk management cases – including Tesco, RBS and the UK
government – lecturers will find this a uniquely well researched resource, supplemented
by materials that enable the cases to be easily integrated into the classroom. Risk
managers will be delighted with the case materials made available for the first time with
the publication of this book.
Introduction
1. How To Use This Book
2. Risk and Governance
3. Risk and Control
4. Case Study: Tesco PLC
5. Case Study: Royal Bank of Scotland
6. Case Study: Department of Culture Media and Sport
7. Case Study: Birmingham City Council
8. Lessons from the Case Studies
192 pages, Paperback
