--- product_id: 258046094 title: "Enterprise Risk Management: From Incentives to Controls" price: "£153.79" currency: GBP in_stock: true reviews_count: 5 url: https://www.desertcart.co.uk/products/258046094-enterprise-risk-management-from-incentives-to-controls store_origin: GB region: United Kingdom --- # 30+ years expert insights Expanded 2nd edition content Practical ERM implementation tools Enterprise Risk Management: From Incentives to Controls **Price:** £153.79 **Availability:** ✅ In Stock ## Summary > 📈 Own your risk, own your future — the ultimate ERM playbook for leaders. ## Quick Answers - **What is this?** Enterprise Risk Management: From Incentives to Controls - **How much does it cost?** £153.79 with free shipping - **Is it available?** Yes, in stock and ready to ship - **Where can I buy it?** [www.desertcart.co.uk](https://www.desertcart.co.uk/products/258046094-enterprise-risk-management-from-incentives-to-controls) ## Best For - Customers looking for quality international products ## Why This Product - Free international shipping included - Worldwide delivery with tracking - 15-day hassle-free returns ## Key Features - • **Balance Risk and Reward:** Learn how to treat risks as assets to optimize your company’s risk-return portfolio. - • **Implement with Confidence:** Access practical tools like the Risk Assessment Self-Evaluation List to embed ERM seamlessly. - • **Future-Proof Your Organization:** Navigate today’s dynamic market conditions with a proven, business-focused ERM framework. - • **Stay Ahead with Updated Insights:** Benefit from expanded chapters and fresh case studies featuring Ford, Airbus, and Boeing. - • **Master Enterprise Risk Management:** Leverage 30+ years of James Lam’s expertise to transform your risk strategy. ## Overview Enterprise Risk Management: From Incentives to Controls, 2nd Edition by James Lam, is a definitive guide offering a comprehensive, business-centric approach to ERM. Updated with new case studies, expanded chapters, and practical implementation tools, it equips managers and boards to effectively balance risk and reward in today’s complex market landscape. ## Description A fully revised second edition focused on the best practices of enterprise risk management Since the first edition of Enterprise Risk Management: From Incentives to Controls was published a decade ago, much has changed in the worlds of business and finance. That's why James Lam has returned with a new edition of this essential guide. Written to reflect today's dynamic market conditions, the Second Edition of Enterprise Risk Management: From Incentives to Controls clearly puts this discipline in perspective. Engaging and informative, it skillfully examines both the art as well as the science of effective enterprise risk management practices. Along the way, it addresses the key concepts, processes, and tools underlying risk management, and lays out clear strategies to manage what is often a highly complex issue. Offers in-depth insights, practical advice, and real-world case studies that explore the various aspects of ERM Based on risk management expert James Lam's thirty years of experience in this field Discusses how a company should strive for balance between risk and return Failure to properly manage risk continues to plague corporations around the world. Don't let it hurt your organization. Pick up the Second Edition of Enterprise Risk Management: From Incentives to Controls and learn how to meet the enterprise-wide risk management challenge head on, and succeed. Review: James Lam’s book ‘Enterprise Risk Management 2nd Edition is a must read! - If the discipline of Enterprise Risk Management is an area of interest for you. James Lam’s book ‘Enterprise Risk Management 2nd Edition’ is a must read! It clearly set the stage by positioning, conveying and educating me on the critical importance Enterprise Risk Management plays within all business organizations and industries. Further driving this important point home, James continued to illustrate this with in-depth case studies representing lessons learned throughout the length of the book which simply helped me connect-the-dots. I found James’ book to be a sound road map of best practice embedded with complimentary step by step guidance on how to successfully integrate Enterprise Risk Management into the core business processes of any organization. I highly recommend this book and look forward to reading his next. - Lita Cuen Review: Second Edition of a Seminal Work in Enterprise Risk Management - When the first edition of “Enterprise Risk Management; from Incentives to Controls” appeared in 2003, it seemed as if the business world – at least in the U.S. - was in disarray. The bankruptcy of Enron in 2001, the collapse of WorldCom in 2002, the shutdown of Arthur Anderson – the auditor of both companies - and the arrests of the senior management of Tyco were resonating in the marketplace. Risk management, previously something that might have been considered an accounting specialty, now demanded the attention of senior managers and their corporate boards. It had gotten to the point that even if board members and management might have been inclined to continue to hand off their risk-oversight responsibilities, the Sarbanes Oxley Act of 2002 wasn’t going to let them; and their outside auditors, the ones surviving after the vaporization of Arthur Andersen, were insisting that management take accountability so that no more scandals would crop up on their watches. Management was facing a risk-management learning curve and they needed guidance if they were to begin to make informed risk decisions across their organizations. It was into this environment that James Lam published his book, “Enterprise Risk Management; from Incentives to Controls” and it was a business best seller. It introduced the background and concepts that were wanting for most managers and the boards they answered to. In his book, Lam gave risk a business context, advanced a risk-management framework applied to business and then drilled down into the three principal forms of business risk: credit risk, market risk, and operational risk - all the while supporting his approach with references to real-life examples and case studies. Among the many valuable insights the author delivered in that first edition was the concept of the risk portfolio in which risks are treated like investments or assets. He showed how a portfolio of risks can recast the perspective and thus the approaches available to management. Grouped into a portfolio, some risks will likely offset each other and minimize aggregate risk, while others will correlate and amplify aggregate risk, and still others will offer opportunities for increased return on investment. The message was simple. Risks can be managed. And further, not all risks are bad because, in business, without risk there is no reward. In the second edition of his book, James Lam has built on the first edition starting with an expanded index, a bibliography, and an entirely new section, “ERM Implementation”. In the new section he addresses the practical implications of establishing an ERM program, from implementation to management to decision making to reporting, and includes a Risk Assessment Self-Evaluation List to help direct the effort. The new section rounds out the ERM story. Now all the most compelling questions, what should we do and how should we do it, are addressed in a single volume. But there are numerous other updates in this second edition to consider as well. They include the expansion of chapters, notably those on Line Management, Stakeholder Management, and Operational Risk Management, and the addition of new case studies including Ford and Airbus and Boeing. Furthermore, I can’t think of anywhere else you will find a better explanation of risk appetite, a term frequently employed by ERM practitioners but rarely if ever adequately explained. And that is not to overlook the inclusion of one of the best explanatory definitions of risk and enterprise risk management that you will find (see page 53). To my mind, “Enterprise Risk Management; from Incentives to Controls” remains the single best source of information for managers on every level and for board members contemplating risk management on an enterprise-wide scale. Up until the 21st century, risk might have been left to the finance department or managed heuristically, but the collapse in 2001 and 2002 of high-profile businesses that stood at the time for a new age of innovation led to demands for new accountability. The first edition of James Lam’s book arrived with impeccable timing and helped to lay the groundwork for risk management as a business practice, and the second edition has improved on the first. It is not a theoretical book. With its timely updates and additions and a new section on implementation, this book has made risk and risk management something that can be assimilated and practiced in any business in any industry worldwide. ## Features - Wiley ## Technical Specifications | Specification | Value | |---------------|-------| | Best Sellers Rank | #114,938 in Books ( See Top 100 in Books ) #38 in Insurance #105 in Budgetary & Cost Accounting #677 in Management Science | | Customer Reviews | 4.6 out of 5 stars 46 Reviews | ## Images ![Enterprise Risk Management: From Incentives to Controls - Image 1](https://m.media-amazon.com/images/I/61Nbvswjd1L.jpg) ## Customer Reviews ### ⭐⭐⭐⭐⭐ James Lam’s book ‘Enterprise Risk Management 2nd Edition is a must read! *by L***N on 5 September 2014* If the discipline of Enterprise Risk Management is an area of interest for you. James Lam’s book ‘Enterprise Risk Management 2nd Edition’ is a must read! It clearly set the stage by positioning, conveying and educating me on the critical importance Enterprise Risk Management plays within all business organizations and industries. Further driving this important point home, James continued to illustrate this with in-depth case studies representing lessons learned throughout the length of the book which simply helped me connect-the-dots. I found James’ book to be a sound road map of best practice embedded with complimentary step by step guidance on how to successfully integrate Enterprise Risk Management into the core business processes of any organization. I highly recommend this book and look forward to reading his next. - Lita Cuen ### ⭐⭐⭐⭐⭐ Second Edition of a Seminal Work in Enterprise Risk Management *by R***R on 16 November 2015* When the first edition of “Enterprise Risk Management; from Incentives to Controls” appeared in 2003, it seemed as if the business world – at least in the U.S. - was in disarray. The bankruptcy of Enron in 2001, the collapse of WorldCom in 2002, the shutdown of Arthur Anderson – the auditor of both companies - and the arrests of the senior management of Tyco were resonating in the marketplace. Risk management, previously something that might have been considered an accounting specialty, now demanded the attention of senior managers and their corporate boards. It had gotten to the point that even if board members and management might have been inclined to continue to hand off their risk-oversight responsibilities, the Sarbanes Oxley Act of 2002 wasn’t going to let them; and their outside auditors, the ones surviving after the vaporization of Arthur Andersen, were insisting that management take accountability so that no more scandals would crop up on their watches. Management was facing a risk-management learning curve and they needed guidance if they were to begin to make informed risk decisions across their organizations. It was into this environment that James Lam published his book, “Enterprise Risk Management; from Incentives to Controls” and it was a business best seller. It introduced the background and concepts that were wanting for most managers and the boards they answered to. In his book, Lam gave risk a business context, advanced a risk-management framework applied to business and then drilled down into the three principal forms of business risk: credit risk, market risk, and operational risk - all the while supporting his approach with references to real-life examples and case studies. Among the many valuable insights the author delivered in that first edition was the concept of the risk portfolio in which risks are treated like investments or assets. He showed how a portfolio of risks can recast the perspective and thus the approaches available to management. Grouped into a portfolio, some risks will likely offset each other and minimize aggregate risk, while others will correlate and amplify aggregate risk, and still others will offer opportunities for increased return on investment. The message was simple. Risks can be managed. And further, not all risks are bad because, in business, without risk there is no reward. In the second edition of his book, James Lam has built on the first edition starting with an expanded index, a bibliography, and an entirely new section, “ERM Implementation”. In the new section he addresses the practical implications of establishing an ERM program, from implementation to management to decision making to reporting, and includes a Risk Assessment Self-Evaluation List to help direct the effort. The new section rounds out the ERM story. Now all the most compelling questions, what should we do and how should we do it, are addressed in a single volume. But there are numerous other updates in this second edition to consider as well. They include the expansion of chapters, notably those on Line Management, Stakeholder Management, and Operational Risk Management, and the addition of new case studies including Ford and Airbus and Boeing. Furthermore, I can’t think of anywhere else you will find a better explanation of risk appetite, a term frequently employed by ERM practitioners but rarely if ever adequately explained. And that is not to overlook the inclusion of one of the best explanatory definitions of risk and enterprise risk management that you will find (see page 53). To my mind, “Enterprise Risk Management; from Incentives to Controls” remains the single best source of information for managers on every level and for board members contemplating risk management on an enterprise-wide scale. Up until the 21st century, risk might have been left to the finance department or managed heuristically, but the collapse in 2001 and 2002 of high-profile businesses that stood at the time for a new age of innovation led to demands for new accountability. The first edition of James Lam’s book arrived with impeccable timing and helped to lay the groundwork for risk management as a business practice, and the second edition has improved on the first. It is not a theoretical book. With its timely updates and additions and a new section on implementation, this book has made risk and risk management something that can be assimilated and practiced in any business in any industry worldwide. ### ⭐⭐⭐⭐⭐ Excellent *by H***L on 31 December 2016* A must read for those associated with ERM as profession. Clear lucid language and assists in clearing your way through an unknown terrain. ## Frequently Bought Together - Enterprise Risk Management: From Incentives to Controls - Implementing Enterprise Risk Management: From Methods to Applications (Wiley Finance) - Operational Risk Management: A Complete Guide for Banking and Fintech (Wiley Finance) --- ## Why Shop on Desertcart? - 🛒 **Trusted by 1.3+ Million Shoppers** — Serving international shoppers since 2016 - 🌍 **Shop Globally** — Access 737+ million products across 21 categories - 💰 **No Hidden Fees** — All customs, duties, and taxes included in the price - 🔄 **15-Day Free Returns** — Hassle-free returns (30 days for PRO members) - 🔒 **Secure Payments** — Trusted payment options with buyer protection - ⭐ **TrustPilot Rated 4.5/5** — Based on 8,000+ happy customer reviews **Shop now:** [https://www.desertcart.co.uk/products/258046094-enterprise-risk-management-from-incentives-to-controls](https://www.desertcart.co.uk/products/258046094-enterprise-risk-management-from-incentives-to-controls) --- *Product available on Desertcart United Kingdom* *Store origin: GB* *Last updated: 2026-09-25*