Innovative approaches to building enterprise risk management in emerging economies: the case of Mexico's Grupo Proeza

Ilse Patricia Lopez De La Cruz; Alasdair James Marshall; Udechukwu Ojiako; Serkan Ceylan; Fenfang Lin

doi:10.4018/978-1-6684-4503-7.ch019

Innovative approaches to building enterprise risk management in emerging economies: the case of Mexico's Grupo Proeza

Ilse Patricia Lopez De La Cruz^*, Alasdair James Marshall, Udechukwu Ojiako, Serkan Ceylan, Fenfang Lin

^*Corresponding author for this work

Design, Manufacturing And Engineering Management

Research output: Chapter in Book/Report/Conference proceeding › Chapter

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.

Original language	English
Title of host publication	Research Anthology on Business Continuity and Navigating Times of Crisis
Place of Publication	Hershey, PA
Chapter	19
Pages	361-377
Number of pages	17
ISBN (Electronic)	9781668445044
DOIs	https://doi.org/10.4018/978-1-6684-4503-7.ch019
Publication status	Published - 7 Jan 2022

Keywords

enterprise risk management
Grupo Proeza
risk assessment
Mexico

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10.4018/978-1-6684-4503-7.ch019

Cite this

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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. / De La Cruz, Ilse Patricia Lopez; Marshall, Alasdair James; Ojiako, Udechukwu et al.
Research Anthology on Business Continuity and Navigating Times of Crisis. Hershey, PA, 2022. p. 361-377.

Research output: Chapter in Book/Report/Conference proceeding › Chapter

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Innovative approaches to building enterprise risk management in emerging economies: the case of Mexico's Grupo Proeza

Abstract

Keywords

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