Risk management decisions may require careful framing to remove the emotions and myopia of decision-makers from the equation.
By T&R Staff|June 26, 2013 at 02:32 PM
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Howard Kunreuther: Today risk management has a high profile in many corporations, and enterprise risk management [ERM] is now part of the organizational culture in both large and small companies. But it will be viewed very differently depending on which organization you are dealing with. Each firm looks at enterprise risk management from the perspective of the backgrounds of the people involved and the types of activities in which they are involved. Some organizations, such as insurers or financial institutions, are concerned with quantitative information, while other companies view ERM more qualitatively.
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