wk chan commented on Simon Strong's blog post Five years after the Lehman's collapse – what has changed?
"From "house of bricks" pre-financial crisis to "house of cards" post-financial crisis, where the prosperity story has been built on cheap debt funding, and to "Humanitarian Crisis", probably stretching into the next decade due to imperial overreach…"
Oct 9, 2013
wk chan replied to GlobalRiskCommunity's discussion What is the most important Risk Management lesson that you have learned up to this point?
"As usual half of the work done in this World is camouflaged by Powerful Politicians/Financial Elites and that the Global Economic System is reaching a tipping point with catastrophe lying in wait.!!!!!"
Aug 31, 2013
wk chan replied to GlobalRiskCommunity's discussion What is the most catastrophic error made by a Risk Manager at a bank or any other company?
"1) Failure to Manage Extreme Risk in a System of Systems,
OR
2) "Friction with Unreliable Narrators" of CRO such asa) overweight small probabilities and underweight large probabilitiesb) allowing risk to overtake appetite,c) operating creep…"
Aug 9, 2013
wk chan commented on Riskviews's blog post WHAT IS RISK QUALITY?
" With respect, we can have effective risk discourse but not risk quality. What do you mean by Risk/Unit of Activity - risk activity by sales transaction-volume/company-industry/week-month-year-cycle/country-region-global? What about co-existing…"
Oct 17, 2011
wk chan replied to Jonathan Kidd's discussion What is the biggest risk threatening your applications strategy? Why?
"The difficulty in identifying IT compliance governed by various laws - since information engineering or security engineering does not provide a specialised methodology for IT compliance, this is notwithstanding cost of compliance."
Oct 17, 2011
wk chan replied to Boris Agranovich's discussion Perspectives on Risk management. Are risk managers bean counters or game changers?
"Is a convergence challenge to integrate corporate strategy, governance and risk management since risk neglects strategy formulation. Risk management is the practice of identifying, evaluating and controlling those factors to avoid or mitigate…"
May 22, 2011
wk chan replied to Noah Raford's discussion Eight Ideas for 21st-Century Risk Managers
"Although process knowledge elicitation is good, is not a cookie-cutter process and care must be taken since a) different elicitation techniques used depend on the context thereby creating multiple criteria decision-making problem such as risky…"
Apr 17, 2011
wk chan replied to Boris Agranovich's discussion How to set up a successful Risk consultancy?
"From Macro and Strategic Perspectives :-Market forces form the "rules of the game in the industry", which when stable and operating efficiently can reduce uncertainty but create risk for start-up company (company) covering transaction costs…"
Apr 9, 2011
wk chan replied to Marcus Cree FRM's discussion The effect on cultural adoption, of risk management, of production control
"I shall rename :-- culture adoption, of risk management, of production control as "Core", and- capital issue as "Periphery".Both are Insight-Building Models based on past, present and extrapolation of the future, for which Core relates to…"
Mar 6, 2011
wk chan commented on Tony Ridley's blog post Human Capital Risk Management-What’s Missing?
"continuation.
.. (of the acquired company) left despite G-to-G intervention.

So, how to address such risk :-
a) "Culture of Identity" (which will lead to "Identity Politics") as opposed to Culture of Shared Beliefs),
b) avoid engaging in M&A…"
Feb 20, 2011
wk chan commented on Tony Ridley's blog post Human Capital Risk Management-What’s Missing?
"Dear Lawrence, 
I agree with Marcel, lets stick to the discussion topic. However, I would like to enter into a discussion with you if you post separately on "neuro economic, artificial intelligence or accelerating intelligence", tks
Dear…"
Feb 20, 2011
wk chan commented on Riskviews's blog post Business Risks
"(Missing from the earlier posting)
Non-Financial Risk, chief of which relates to Human, as follows :-
i) knowing the knowable risks or pretense-of-knowledge syndrome with no exit strategy in place.
ii) investment risk = risk management
iii) systemic…"
Feb 9, 2011
wk chan commented on Riskviews's blog post Business Risks
"Business Risk consists of Financial Risk and Non-Financial Risk.

Financial Risk :-
Causes of Financial Crisis -
Globalization = Risk Diversification = Systemic Risk Generation through Innovation + Incentive = Propagation of Financial Distress and…"
Feb 9, 2011
wk chan commented on Tony Ridley's blog post Human Capital Risk Management-What’s Missing?
"Lawrence, Marcel and Robert,

Thanks for sharing your thoughts and concluding my comments on subject matter, I give below some of the methods used by MNCs in addressing organization's risk. These MNCs employ more than 5,000 staff each and with…"
Feb 1, 2011
wk chan commented on Tony Ridley's blog post Human Capital Risk Management-What’s Missing?


Thank you for sharing your thoughts, Lawrence. I agreed wholeheartedly that conviction is our enemy due to our pervasive ignorance resulting in almost everything that we know is based on information about Exonerations which are largely…"
Jan 31, 2011
wk chan commented on Tony Ridley's blog post Human Capital Risk Management-What’s Missing?


Hi Lawrence,

a) "identify, attract, and return" 

The assessment is normally based on IQ to predict how an individual will perform in a number of different cognitive domains although such cognitive abilities, along with social and psychological,…"
Jan 30, 2011
More…

Comment Wall

You need to be a member of Global Risk Community to add comments!

Join Global Risk Community

Comments are closed.

Comments

  • Dear Mr. Chan,

    I see you are from Malaysia. I am from the Netherlands and currently stay in Hong Kong to conduct a research for credit management practices and procedures and dedicated credit (risk) management software (B2B / B2C).

    Though credit management (accounts receivable) is something else than risk management, may I ask you if you could tell me more about how credit management in B2B / B2C companies is applied in Malaysia. Is doing business on open account basis getting more common in your country e.g. the APEC region and how do organizations deal with overdue invoices and credit / payment risks. To what extent play cultural aspects such as guanxi and lose face a role in the credit and collections process?

    I would highly appreciate your time and thoughts.

    Best wishes,

    Marcel Wiedenbrugge
    marcel.wiedenbrugge@wcmconsult.com
    www.wcmconsult.com
    Home
    Financiële diensten, credit management software, credit risk, credit risk management software, financial services, financial supply chain optimizatio…
  • Hi Wk, It’s great to have you here! Feel free to invite new people, participate in discussions, activities and share knowledge. If you've got a frog for a picture, hurry up and replace it!
This reply was deleted.

    About Us

    The GlobalRisk Community is a thriving community of risk managers and associated service providers. Our purpose is to foster business, networking and educational explorations among members. Our goal is to be the worlds premier Risk forum and contribute to better understanding of the complex world of risk.

    Business Partners

    For companies wanting to create a greater visibility for their products and services among their prospects in the Risk market: Send your business partnership request by filling in the form here!

lead