What are the preconditions for carrying out constructive dialogue in an a firm?
Please review Chapter 32: Constructive Dialogue and ERM: Lessons from the Financial Crisis Case and provide response for following questions.
- What are the preconditions for conducting constructive dialogue in an organization?
- Is effective risk management possible without constructive dialogue?
- What are the forces that tend to undermine effective risk management in an organization?
- Given its obvious value in helping an organization to understand the major risks that could prevent it from accomplishing its mission and objectives, why was the financial sector, including a risk-sensitive organization such as Goldman Sachs, so slow in adopting ERM?
Please write 500 words for each questions
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