Monday, May 10, 2010

The Risk Management of Everything

"This warning about the escalation of the risk management of everything should be taken seriously. In his first Demos book, The Audit Explosion, Michael Power warned against that companies and governments preoccupation with measuring what is measurable – the now discredited ‘targets culture’.

Power traces the start of the risk management of everything back to 1995 – the year of the collapse Barings bank Shell’s Brent Spar PR disaster. Those events illustrated the two key aspects of the new obsession with risk management: internal control and reputation."

in reference to:

"“Reputation has become a new source of anxiety where organisational identity and economic survival are at stake And if everything may impact on organisational reputation, then reputational risk management demands the risk management of everything.”"
- (view on Google Sidewiki)

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