Operational risk management : organizational controls and incentive system design / Jasmijn Bol, PhD and Jenna M. Blanche.

Author/creator Bol, Jasmijn author.
Other author Blanche, Jenna M., author.
Format Electronic
EditionFirst edition.
PublicationNew York : Business Expert Press, 2021.
Description1 online resource (1 PDF (xi, 158 pages)) : illustrations (some color).
Electronic LocationEbook Central
Subjects

SeriesManagerial accounting collection, 2152-7121
Managerial accounting collection. ^A1016945
Contents Part I. Operational risk management. Chapter 1. A structured approach to risk management ; Chapter 2. The risk concept ; Chapter 3. Risk identification and risk mapping ; Chapter 4. Control system design ; Chapter 5. Systems thinking ; Chapter 6. Continuous reassessment -- Part II. Employee management. Chapter 7. Agency theory ; Chapter 8. Financial rewards ; Chapter 9. Alternative means of motivation ; Chapter 10. Directing effort ; Chapter 11. Organizational architecture -- Part III. Incentive systems. Chapter 12. Risk-incentive trade-off ; Chapter 13. Performance measurement ; Chapter 14. Target setting ; Chapter 15. Supervisor discretion -- Conclusion.
Summary To remain viable, let alone competitive, organizations must manage risks. In this book, we explore the concept of operational risk as well as the mechanisms used to diminish the impact and occurrence of risks: the organizational control system. Since the scope and scale of operational risks are unique to each organization, our objective is to explain the theory behind why and how managers respond to the unique combination of threats that challenge their organization. We emphasize employee management and the complexities surrounding the design of management controls, incentive systems in particular, because risks related to employee actions are faced by virtually every organization. Overall, we provide empirically grounded insights into the process of diagnosing operational risks as well as designing, implementing and maintaining a control system that properly manages those risks.
Bibliography noteIncludes bibliographical references (pages 149-152) and index.
Source of descriptionDescription based on PDF viewed 05/03/2021.
Issued in other formPrint version: 9781637420126
Genre/formElectronic books.
ISBN9781637420133 (electronic bk.)
ISBN1637420137 (electronic bk.)
ISBNprint
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