Many thanks to our International Consulting Project Asia partner, CCAFM, for publishing our graduate students’ work on Risk Management into a Chinese publication. Here’s the original Chinese version and a short English abstract is below.
With the “outward promotion” of strategy implementation, Chinese enterprises are facing an increasingly complex environment, and different risks which they may be encountering more and more. A timely identification of risk, assessment of risks, and the appropriate measures to reduce the impact of risk are all very important. Three of the world’s top 500 multinational corporations, Boeing, GE, and Johnson & Johnson all have experience in the field of risk management, and it is worth learning from them.
During the beginning of this new year, the Boston College MBA project research team, with a delegation of 24 people, came to Beijing to begin presentations during a week-long field project (finishing out 6 months of their research in the US). More than eight years ago, CCAFM (China Financial Advisory Co., Ltd.) began cooperating with Boston College, and is jointly committed with them to completing business management academic research and field work practice. The Sino-US joint research group studied different enterprises’ strategies, conducted interviews with corporate risk managers, and identified various companies’ risk factors, an assessment of the risks, response and other risk management tools to conduct research and analysis in order to explain the practice of risk management and control systems of transnational corporations.
