May 4, 2012 Posted by Peter Moore 1 Comment
Why did Dr Robert Kaplan from the Harvard Business School recently announce at the Global Strategy Forum in the Middle East that rules based risk management (and he included ISO 31000) is now no longer relevant? The discussion on the LinkedIn forum, ISO 31000 Risk Management Standard has been extensive with many risk professionals concerned that such a prominent person in business has adopted this position.
An article published by the Harvard Business School in 2009 from the Global Business Summit on Enterprise Risk Management was moderated by Robert Kaplan. In the context of the article Kaplan “provided his perspective on why risk management plays an important role in firm performance”. Three panelists from major US firms provided their perspective on the role and value of risk management in the business. As session moderator, Kaplan is very supportive of risk manament (refer page 1 of the paper below). What made him reverse his views on risk management?