How can we best ensure an Enterprise Risk Management regime that is readily accepted and endures? Answer: by mastering the principles of program success, which will set you apart as an administrator.
Show Notes
SHOW NOTES
Introduction
In our last episode, we focused on maintaining a light footprint, as ERM should not be an extraordinary administrative burden. Now let’s continue the story of successful implementation by employing the success factors shown in studies.
Summary
1. clear goals and objectives - how to formulate them?
2. senior executive support - how to secure meaningful exec support?
3. staff buy-in - how to get take-up on the part of employees?
4. program adequacy - how does bad design scuttle the program?
5. adequate resources - support people’s efforts to take up the initiative
6. program champion - a necessary role for organizational change
7. incremental implementation - many new management practices fail in a monolithic imposition
KEY QUOTE
“Master the principles of program success that have already been studied, and really apply to all administrative programs, all management initiatives -- not just ERM.”
LINKS
(E. Robertson 2016) Solving the Enterprise Risk Management Puzzle: Secrets to Successful Implementation
Program implementation -- failure and success factors: please see the resources I listed in Episode 3.
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