Understanding how value is created and destroyed and the role that risk plays in this process is the key to any successful business operation. But achieving this understanding is easier said than done. In a new, online-exclusive Risk Management article, Jorgen Ellingson, a risk manager with Dubai-based TECOM Investments, offers a useful way to simplify the process through the use of a value and risk management framework.
Managing value and risk is generally an intuitive skill and learned by experience. By applying a discipline to this inherent process you can better manage value creation and avoid destruction from both a quantitative and qualitative perspective. It is a balancing act between risk mitigation and risk exploitation and the winners will be those companies that understand the market and their value proposition better than their competition.
For more, read the rest of his informative article only on RMmagazine.com.
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Morgan O’Rourke is editor in chief of Risk Management magazine, where he has worked since 2002. He graduated from Cornell University in Ithaca, New York, with a degree in communications and lives on Long Island, where he was born and raised.
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