Enterprise Risk Management | Thomas H. Stanton | TEDxJHUDC
Tom Stanton talks about the importance of enterprise risk management in organizations and how it is crucial for avoiding a disconnect between top management and lower management.
Thomas H. Stanton is a Past President of the Association for Federal Enterprise Risk Management (AFERM) and a former member of the federal Senior Executive Service. He teaches as an adjunct faculty member at Johns Hopkins University, is a Fellow and former board member of the National Academy of Public Administration, and formerly chaired the Academy’s Standing Panel on Executive Organization and Management.
With a career that spans the practical and the academic, Mr. Stanton’s work has led to the creation of new federal offices and approaches to delivering public services more effectively. Mr. Stanton has written several books including A State of Risk: Will Government Sponsored Enterprises Be the Next Financial Crisis? and Why Some Firms Thrive While Others Fail: Governance and Management Lessons from the Crisis
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at ted.com/tedx
Пікірлер: 20
This is one of the best business presentations that I've come across, not only for Enterprise Risk Management. Practical and profound messages. Thanks Tom
Tom, Great intro into ERM presentation. I' liked the 'why cars have breaks?’ It forces managers to think about risk outside of the box.
@artemkg2345
5 жыл бұрын
Yehuda Schmidt 👍
Wow a good story teller. I thought this would be boring but it was so engaging that I didn't realise it was almost over!
The break analogy was so on point. Thanks for this, one of the best explanations of ERM out there
great comments. Brakes example stands out. Wow!
I appreciate the clear and simple explanation and examples that anyone just starting out can understand. Most of what is out there is made in a way using technical jargon and never giving any clear examples. Thank you, from a newbie! 👏
Love that brake perspective (to go FAST). This ERM works great with the Balance Score Card (BSC) concept. BSC as a dashboard instrument of a high performance automobile (Pedal to the Metal).
Great speech.
Good presentation... Thanks !
awesome!
Information flow across companies.
May be good example describing how reporting to the executive or board is important and helps mitigating the risks immediately by taking right decisions. Per title of this video, wondering how to build or what would be the best way to build ERM for the organisation
Also, keep in mind, that risks often have a GOOD side. It comes from the risk-rewards relationship. e.g. your organisation might be taking huge risks by entering a new market in a foreign country - the good side is that it could pay off (increased sales, quality, customer satisfaction, profit, etc.). NOT seizing a good opportunity is also a risk (FOMO). e.g. acquisition of a new company or technology.
I have a question, if they want to deal on big risk we need to prepare for big risk, but how can we know the big risk if we don't know what we don't know?
Corporate governance is the ERM framework, right?
yeah... support from the top right?? Tell the top first so they can remover their personally commingled funds first
831b 😀
uuzz B
Why does a car has brakes? A car has brakes so it can go fast!!!