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Risk Aversion
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- Title:
- How Risk Aversion Can Hurt Your Organization
- Author:
- Abstract of source article authored by ERM Initiative Faculty, 2014
- Date:
- August 1, 2012
- Published by:
- Enterprise Risk Management Initiative
- Summary:
- Abstract and relevant links: ERM discusses how organizations become overly risk-averse in their decision-making and they can actually squander reasonable opportunities to grow and achieve enterprise objectives.
- Keywords:
- Risk aversion, risk management, Enterprise Risk Management Initiative
- Title:
- Enterprise Risk Management Initiative Library of Risk Aversion/ Risk Management Articles, Resources, and Research
- Author:
- NCSU and ERMI
- Date:
- 2017
- Published by:
- Enterprise Risk Management Initiative
- Summary:
- The North Carolina State University’s Enterprise Risk Management Initiative Library and Data Base of risk aversion/management articles, resources, and research
- Keywords:
- Risk management, risk aversion, Enterprise Risk Management Initiative, NCSU
- Title:
- ARE GOVERNMENT EMPLOYEES RISK AVERSE?
- Author:
- Nicole Willingham
- Date:
- October 27, 2014
- Published by:
- govloop.com
- Summary:
- Featured govloop.com blog on governmental employees and risk aversion
- Keywords:
- Risk aversion, govloop.com, state government employees
- Title:
- Risk Aversion
- Author:
- Wikipedia
- Date:
- last updated May 28, 2017
- Published by:
- www.wikipedia.com
- Summary:
- Wikipedia's article on the definitions and example of risk aversion, relative risk aversion, absolute risk aversion, and public understanding.
- Keywords:
- Risk aversion, Wikipedia, absolute risk aversion, relative risk aversion
- Title:
- Why It Can Be Tough to Work for the Government
- Author:
- Emma Green
- Date:
- December 19, 2013
- Published by:
- The Atlantic
- Summary:
- "Peter Orszag quit his government job. For three and a half years, he ran two federal budget agencies, and in 2010, he defected to Wall Street. Even though he thinks the government desperately needs more smart people, he has deep empathy for those who flee to the private sector."
- Keywords:
- Risk aversion, The Atlantic, private sector, employee satisfaction
- Title:
- Opinion: Gov. Jerry Brown Now Risk-Averse, Predictable
- Author:
- Dan Walters
- Date:
- January 5, 2015
- Published by:
- sacbee.com
- Summary:
- "Jerry Brown was just 44 years old in 1982 but had already served two terms as governor of California, run for president twice and seen his bid for a U.S. Senate seat resoundingly rejected…"
- Keywords:
- Risk aversion, Sacramento Bee, Governor Jerry Brown, California State Government
- Title:
- Challenging A Risk-Averse Government Procurement Culture
- Author:
- Jonathan Ortmans
- Date:
- October 5, 2015
- Published by:
- Ewing Marion Kauffman Foundation
- Summary:
- "New or young companies on the frontline of solving problems are under-utilized by governments facing bigger challenges when bidding for government contracts than older incumbent businesses that too often have lost their dynamism. While most governments still choose to debate "fair small business procurement targets," some are starting to focus on how to reduce the barriers for those talent rich new businesses."
- Keywords:
- Risk aversion, Ewing Marion Kauffman Foundation, Bloomberg Philanthropies
- Title:
- Tackle Risk Aversion with This Lesson from Adele, Three ways to fight for risk and make way for it.
- Author:
- Anne Marie Kilgallon
- Date:
- May 4, 2017
- Published by:
- inc.com
- Summary:
- "Companies can learn a lot from Adele. The ability to take risks is challenging many businesses right now. With today's pace of change, it's either innovate or get left behind. But most businesses don't have the risk-taking nerve of a startup -- or even a singer."
- Keywords:
- Risk aversion, inc.com, innovation, policy makers
- Title:
- Seven Ways to Cure You Aversion to Risk
- Author:
- Stephanie Vozza
- Date:
- May 4, 2015
- Published by:
- fastcompany.com
- Summary:
- "Being comfortable with risk means changing your mindset–here's how."
- Keywords:
- Risk aversion, fastcompany.com, innovation
- Title:
- Innovation in the public sector: Is risk aversion a cause or a symptom?
- Author:
- Nesta
- Date:
- February 22, 2016
- Published by:
- nesta.org.uk
- Summary:
- "Innovation by its very nature brings some degree of risk and for many organizations the fear of failure can be an innovation inhibitor. Unsurprisingly, one of the most common complaints about public sector organizations and other large organizations who struggle with innovation is that they suffer from risk aversion. However, perhaps we need to consider risk aversion as a symptom of two difficult conditions, namely organizational debt and flaws in organizational physics?"
- Keywords:
- Risk aversion, nesta.org, innovation
- Title:
- Alternative Dispute Resolution (ADR)
- Author:
- US Department of Veteran Affairs
- Date:
- 2017
- Published by:
- va.gov
- Summary:
- The U.S. Department of Veterans Affairs four step way of dealing with conflict
- Keywords:
- Risk aversion, va.gov, Alternative Dispute Resolution (ADR), conflict resolution, Interest-Based Problem Solving (IBPS), US Department of Veterans Affairs
- Title:
- Conflict-Avoidance and Conflict-Resolution Mistakes that Ruin Workplace Culture, Part I: Failing to Recognize and Confront High-Risk Situations
- Author:
- Patti C. Perez
- Date:
- October 27, 2016
- Published by:
- Ogletree Deakins
- Summary:
- "I dedicate a fair portion of my professional life to resolving workplace conflict. While I enjoy helping companies once a crisis has occurred, my preference is to help companies avoid crises in the first place. Whether your role is in risk assessment and/or management, legal services, human resources, or employee relations, it is important to hone your skills in both proactive crisis-avoidance and creative problem-solving."
- Keywords:
- Risk aversion, conflict resolution, conflict avoidance, legal compliance, litigation avoidance, Ogletree Deakins, lexology.com
- Title:
- Conflict-Avoidance and Conflict-Resolution Mistakes that Ruin Workplace Culture, Part II: Creating a Perception of Unfairness
- Author:
- Patti C. Perez
- Date:
- October 31, 2016
- Published by:
- Ogletree Deakins
- Summary:
- "In part one of this three-part series, we discussed a trap companies often fall into when it comes to avoiding and resolving conflict: failing to anticipate and plan for high-risk situations. Part two covers situations that may give rise to the perception of unfairness in the workplace, which is another common trigger for conflicts and crises."
- Keywords:
- Risk aversion, conflict resolution, conflict avoidance, legal compliance, litigation avoidance, Ogletree Deakins, lexology.com
- Title:
- Conflict-Avoidance and Conflict-Resolution Mistakes that Ruin Workplace Culture, Part III: Failing to Address Workplace Conflicts
- Author:
- Patti C. Perez
- Date:
- November 2, 2016
- Published by:
- Ogletree Deakins and lexology.com
- Summary:
- "In part one and part two of this three-part series, we discussed two of the most common traps employers fall into when it comes to avoiding and resolving workplace conflict: failing to anticipate and plan for high-risk situations and creating situations that may give rise to the perception of unfairness in the workplace. The final segment will explain how focusing on legal compliance may—oddly enough—turn workplace conflicts into crises and how to lay out a plan for addressing workplace conflicts quickly and effectively."
- Keywords:
- Risk aversion, conflict resolution, conflict avoidance, legal compliance, litigation avoidance, Ogletree Deakins, lexology.com
- Title:
- Risky business: Risk aversion impedes IT modernization
- Author:
- Avi Alpert and Kevin Cheung
- Date:
- August 22, 2016
- Published by:
- federaltimes.com
- Summary:
- "The importance of modernizing the federal government's aging legacy IT systems is broadly recognized. Pinpointing what makes the much-needed modernization so difficult — and what to do about it — is a more contentious conversation. There are some commonly noted challenges, like securing funding, navigating the procurement process, and finding technical execution skills, with wide ranging views on how to address these issues. However, there are more foundational challenges that must be addressed before sustained modernization successes are achieved."
- Keywords:
- Risk aversion, federaltimes.com, IT systems, government agencies
- Title:
- The State of Economic Risk Aversion
- Author:
- Matthew Yglesias
- Date:
- May 31, 2012
- Published by:
- slate.com
- Summary:
- Blogs on the state of economic risk aversion
- Keywords:
- Risk aversion, slate.com, economic risk aversion
- Title:
- An Enhanced Data-Analytic Framework for Integrating Risk Management and Performance Management
- Author:
- Shital Thekdi and Terje Aven
- Date:
- July 14, 2016
- Published by:
- Elsevier
- Summary:
- "There is increasing interest for agencies and industries to develop risk management processes for a wide variety of applications. Traditional risk management processes are motivated by controlling risk and avoiding losses. In contrast, other organizational processes focus on managing performance and value generation. In this paper we argue that risk management also adds an important contribution to these processes. However, this requires "proper" risk management extending beyond narrow safety oriented perspectives built on quantitative risk analysis and tolerability/acceptance criteria. There is need for a broad risk-performance framework with uncertainty being a main component of risk ,and where knowledge and surprises are adequately reflected. In the paper we present and discuss such a frame-work. The frame–work is developed on the basis of an analysis of combinations of different risk management and performance management practices/policies. We show how the risk and performance management processes can be improved by proper risk conceptualization and a holistic thinking on how to develop and use goals in the organization, how to balance different concerns, and consider the need for agility – "sensitivity to operations", as well as how to give weight to vulnerabilities, resilience, and anti-fragility."
- Keywords:
- risk management, risk aversion, Elsevier, data-analytics, performance management
- Title:
- Coca-Cola's Unique Challenge: Turning 250 Datasets Into One
- Author:
- Sam Ransbotham
- Date:
- 2015
- Published by:
- Massachusetts Institute of Technology
- Summary:
- "Mathew Chacko, Coca-Cola's director of enterprise architecture, and Remco Brouwer, the company’s director of business intelligence, spoke with Sam Ransbotham, an associate professor of information systems at the Carroll School of Management at Boston College and the MIT Sloan Management Review guest editor for the Data and Analytics Big Idea Initiative about the challenges of integrating so many data sets, the ways the company is moving toward a predictive analytics model, and the value of visualizations to convey complex information."
- Keywords:
- Risk Management, Risk Aversion, Coca-Cola, Remco Brouwer