NOKIA最新风险管理(英文版).ppt

《NOKIA最新风险管理(英文版).ppt》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。

1、MikkoRouttiDirector,RiskManagementNokiaCorporationRiskManagementMainThemesofPresentationscopeofpresentation:businessrisk(widely)ourphilosophyaboutriskmanagementwherewearetodayonthejourneyofERMhowtodothisinourorganisationbalancebetween"practical,value-basedandanalytical,fact-based"thinkingwhatkind

2、ofmethodsandtoolsweuse(e.g)howdoweandotherscommunicateaboutthis"Itisonethingtosetupamathematicalmodelthatappearstoexplaineverything.Butwhenwefacethestruggleofdailylife,ofconstanttrialanderror,theabiguityofthefactsaswellasthepowerofthehumanheartbeatcanobliteratethemodelinshortorder."PeterL.Bernste

3、in:AgainsttheGods-TheRemarkablestoryofRisk“Wearenotjustaddingalloftheseriskstogether.Wearecreatingaprobabilisticviewofhowmuchcapitalisactuallynecessary.”--RickBuy,ChiefRiskOfficer,Enron“Wereviewhowgooditcanget,wereviewhowbaditcanget,andeveryplaceinbetween.”--RickCausey,EVPandChiefAccountingOffice

4、r,EnronWhatdoesriskappetitemeaninpractice?Arewefocusingonopportunity?Isthereaclearviewoftheappetiteforrisk?Istherebalanceinrisksandrewards?(i.e.highrisksvslowrewards)Whereshouldmostofmanagement’seffortbedirected?AGenericBusinessRiskContinuumOpportunityUncertaintyHazardComplianceAndPreventionOpera

5、tingPerformanceStrategicInitiativesKeyQuestionstoConsider...EnvironmentHealth&safetySupplychainSoftwareProductcreationRISKUNIVERSEHowdoesriskmanifestitself?–Fortune1000GroupAnalysisOnehundred(10%)oftheFortune1000companiessufferedalossofover25%ofshareholdervaluewithinonemonthCostOverrunsAccounting

6、irregularitiesManagementineffective-nessSupplyChainIssuesCompetitivePressureM&AIntegrationProblemsMis-alignedProductsCustomerPricingPressureLossofKeyCustomerSupplierProblemsR&DDelaysCustomerDemandShortfall%oftop100RegulatoryProblemsStrategicOperationalFinancialHazardForeignMacro-EconomicIss

7、uesInterestRateFluct-uationHighInputComm-odityPriceLaw-suitsNaturalDisasters58%31%6%0%PrimaryCauseofStockDrop(#ofCompanies)Source:Compustat,MercerManagementConsultinganalysisNote:Therewerealso5stockdropsforwhic