Enterprise risk management When weathering the storm is not enough

"Staying the Course" by Russell Walker Risk management is not an exercise in paranoia, but rather an approach to understanding uncertainty, exposures, opportunities and limits in order to make educated investments. It requires executive involvement, an emphasis on making data- driven decisions, open communication and the discipline to think through scenarios and ready responses. A great many of the winners coming out of the current economic crisis will be those that not only held a bit more cash, but had a bit more information than their competitors and were able to seize a window of opportunity.