Coca-Cola, IBM, The Red Cross and The Salvation Army: Similarities and Dissimilarities in Risk Management Between For-profit and Non-profit International Organizations
Coca-Cola, IBM, The Red Cross and The Salvation Army: Similarities and Dissimilarities in Risk Management Between For-profit and Non-profit International Organizations
James Martyn Rickard | 2016
Abstract
Risk management styles and techniques vary from organization to organization and this manuscript will briefly touch upon differing techniques used by four major companies both non-profit and for-profit. The research criteria for this project consists of viewing four diverse organizations that have successfully been in existence for over one hundred years. Each organization is wide-ranging and international in scope in providing products and services to people without regard to their country of origin or their culture. Each company will be viewed from its historical basis, with the risk section of each company viewed in its relationship with other standard functional departments and how risk relates to each, as a total organizational body. The Key Performance Indicators (KPI’s) or Metrics will also be reviewed along with the presence and strength of any Succession Planning and Management programs within each organization. Also within this manuscript will be a definition and comparison of Risk Management versus Enterprise Risk Management (ERM) and the benefits and differences of each method. Each view of the various risk departments will follow the same format for ease of comparison during review and for further research.