Date Added: Aug 2009
The practice of risk management is utilized by virtually all major global businesses. Organizations around the world employ risk departments, outsourced risk management teams and many types of risk management tools and methodologies in order to better understand and assess emerging risks and prepare for their occurrence. Why, then, did so many global organizations appear to have been caught flat-footed by the current economic slowdown and liquidity freeze? FT Research and Oliver Wyman undertook a study aimed at learning how today's global organizations utilize risk management to manage their businesses better.