Risk Appetite versus Risk Attitude has brought a whole new perspective on risk and risk management to my attention: How much risk do we want to take? That is risk appetite. How much risk do we think we should take? That is risk attitude
This a book for companies wishing to survive into the future, simply because developing effective protection against exposure to ‘ethical risk’ is the only possible way forward, as corporate social responsibility is growing in importance. Not the only possible way, but the only viable way.
This is a fascinating book, showing how easy it may be for employees, customers, clients and consultants to commit fraud, and how easy it may be for management to detect and to prevent this. It is a book I highly recommend for anyone working in procurement or supply chain management.
Every firm with a supply chain that sources globally or operates internationally is exposed to political risks that may be very different from what they are used to domestically. On the international scene such risk can occur suddenly and without warning, not because they cannot be foreseen, but because the firm usually lacks the tools and the knowledge it needs to anticipate and react coherently to political risks.
For businesses, failing to comply with customs requirements may result in delayed shipments and serious disruptions in the supply chain. That is why managing customs risk is an integral part of managing global supply chain risks, but customs risks are unfortunately absent from much of the supply chain risk literature.
This book describes how difficult it is to build a reputation, and how easy it is to destroy, how it can be measured, how it can be managed, what drives it and how different stakeholders focus on different aspects of reputation, and how reputation (risk) management is an integral part of risk management in general.
Not only will this book help procurement professionals to lift their head from their desks and gain a wider perspective on possible ramifications of their purchasing decisions, it will also help top managers to seeing procurement as a crucial contributor to a company’s well-being and competitive advantage.
