RISK AWARENESS WEEK 2019

Tara Kenyon

Risk Culture Eats Strategy for Breakfast, Too

A Workshop by Tara Kenyon (Founder & CEO, Kentara Analytics)

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About this Workshop

Peter Drucker, the founder of modern management, articulated succinctly: “Culture eats strategy for breakfast.” The same holds true for risk culture, however, after some landmark oversight cases and accounting scandals of the late 1990s and early 2000s, a shift occurred in the then-emerging field of Enterprise Risk Management (ERM) in firms, denoted in part by the reframing of the phrase “risk culture” from being opportunistic and innovative in pre-financial crisis (2007-2009) to something that is both dangerous and harmful in post-crisis.

ERM consequently became focused on the auditing or the accounting fields, or both, emphasizing processes and organizational structure as best practices for ERM, and therefore became the “risk management of nothing.” In this session, Tara Kenyon shows how a country’s culture—be it risk-taking or risk-averse—strongly influences organizational strategies not only for risk management but, more broadly, also for overall business strategies and decision-making.

About The Speakers

Tara Kenyon

Tara Kenyon

Founder & CEO, Kentara Analytics

Tara Heusé Kenyon is the Founder and CEO of Kentara Analytics (USA), a strategic analytics services firm, specializing in quantitative risk, credit risk modeling, and strategic and capital planning. Tara works with regional and community banks and credit unions to make the connection between data and analytics and their correlations to improved margins, better decision-making, and quantitative risk management. Sensitive to the nuances of varying risk cultures, Tara travels the world to speak as a thought leader on risk-taking methodologies for improved firm performance and value.