August 2009
Beginner
308 pages
6h 50m
English
Content preview from Fundamentals of Enterprise Risk ManagementBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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CHAPTER 13SUBCULTURE RISK
RISK QUOTE: Our loyalties must transcend our race, our tribe, our class, and our nation; and this means we must develop a world perspective.
—REV. DR. MARTIN LUTHER KING, JR., CIVIL RIGHTSLEADER
RISK QUOTE: Why do they call it rush hour when nothing moves?
—ROBIN WILLIAMS, COMEDIAN
Just as strategic risk is not the responsibility of a single risk owner, cultural exposures are the culmination of multiple units and activities. Subculture risk, sometimes called hierarchy risk, is inherent in a large entity. The concept dates back to the mid-1800s, when growing organizations developed a structure and techniques to manage relationships, tasks, and behavior. Elaborate sets of rules accompanied the growth, so each entity took ...
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