Innovative Approaches to Building Enterprise Risk Management in Emerging Economies: The Case of Mexico's Grupo Proeza

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Author(s): Ilse Patricia Lopez de la Cruz (Grupo Proeza, Mexico), Alasdair James Marshall (University of Southhampton, UK), Udechukwu Ojiako (University of Sharjah, UAE), Serkan Ceylan (University of Southampton, UK)and Fenfang Lin (University of Southampton, UK)
Copyright: 2022
Pages: 17
Source title: Research Anthology on Business Continuity and Navigating Times of Crisis
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-6684-4503-7.ch019

Keywords: Business and Organizational Research / Business Science Reference / Environment & Agriculture / Sustainable Development

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Abstract

This chapter explores a very positive example of enterprise risk management (ERM) development in Mexico, set by the firm Grupo Proeza, from which valuable and highly generalisable lessons can be learned. These lessons will pertain most centrally to Grupo Proeza's techniques of ERM building, where risk management practices are used to enhance the cultural and other foundations for ERM. Of particular interest is the notion that various risk assessment techniques can be used for this purpose, which may seem counter-intuitive by reversing the formative relationship between risk culture and risk assessment practice that is more typically the focus for attention.

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Innovative Approaches to Building Enterprise Risk Management in Emerging Economies: The Case of Mexico's Grupo Proeza

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