Before the global financial crisis back in 2007-2008, risk reporting may not have been on the plate for many companies and organisations around the world. However, since then, there has been “increased attention to the formalisation of risk management” (CGMA, 2012). But is that enough for Vietnamese businesses, given the fact that many have gone bankrupt or been caught up in legal entanglements?
The management system of the future will need to adapt to a world that demands greater transparency, corporate responsibility, better risk management and changing patterns of human capital management, according to David Norton, co-founder of the most popular performance management system, the Balanced Scorecard.
January is the perfect time to reflect on the previous year and plan for the next one. Like many people, you may have made New Year's resolutions about dieting, exercising and kicking bad habits. When you make a resolution about dieting, you focus on goals and hard numbers: