<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Strategy @ Risk &#187; ERM</title>
	<atom:link href="http://www.strategy-at-risk.com/tag/erm/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.strategy-at-risk.com</link>
	<description>Understanding risk, creating value</description>
	<lastBuildDate>Wed, 25 Jan 2012 20:02:43 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.3.1</generator>
<image>
  <link>http://www.strategy-at-risk.com</link>
  <url>http://www.strategy-at-risk.com/images/favicon.ico</url>
  <title>Strategy @ Risk</title>
</image>
		<item>
		<title>You only live once</title>
		<link>http://www.strategy-at-risk.com/2011/08/02/you-only-live-once/</link>
		<comments>http://www.strategy-at-risk.com/2011/08/02/you-only-live-once/#comments</comments>
		<pubDate>Tue, 02 Aug 2011 11:07:24 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Corporate Strategy]]></category>
		<category><![CDATA[Decision making]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[Operations]]></category>
		<category><![CDATA[Uncertainty]]></category>
		<category><![CDATA[ensemble average]]></category>
		<category><![CDATA[ergodic]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[Market growth]]></category>
		<category><![CDATA[non-ergodic]]></category>
		<category><![CDATA[non-stationary]]></category>
		<category><![CDATA[stationary]]></category>
		<category><![CDATA[time average]]></category>
		<category><![CDATA[Valuation]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=2462</guid>
		<description><![CDATA[It can be shown that the ensemble average always will overestimate the growth and thus can falsely lead to wrong conclusions.]]></description>
		<wfw:commentRss>http://www.strategy-at-risk.com/2011/08/02/you-only-live-once/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The tool that would improve everybody&#8217;s toolkit</title>
		<link>http://www.strategy-at-risk.com/2011/03/03/the-tool-that-would-improve-everybodys-tookit/</link>
		<comments>http://www.strategy-at-risk.com/2011/03/03/the-tool-that-would-improve-everybodys-tookit/#comments</comments>
		<pubDate>Thu, 03 Mar 2011 16:58:06 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Decision making]]></category>
		<category><![CDATA[Modelling]]></category>
		<category><![CDATA[Other topics]]></category>
		<category><![CDATA[Uncertainty]]></category>
		<category><![CDATA[Certainty]]></category>
		<category><![CDATA[Cognitive toolkit]]></category>
		<category><![CDATA[Edge]]></category>
		<category><![CDATA[Edge; The World Question Center]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[FRM]]></category>
		<category><![CDATA[Possibility spaces]]></category>
		<category><![CDATA[Probability Distribution]]></category>
		<category><![CDATA[Randomness]]></category>
		<category><![CDATA[Risk]]></category>
		<category><![CDATA[Risk literacy]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=2310</guid>
		<description><![CDATA[Edge, which every year invites scientists, philosophers, writers, thinkers and artists to opine on a major question of the moment ...]]></description>
		<wfw:commentRss>http://www.strategy-at-risk.com/2011/03/03/the-tool-that-would-improve-everybodys-tookit/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Plans based on average assumptions &#8230;&#8230;</title>
		<link>http://www.strategy-at-risk.com/2011/03/01/plans-based-on-average-assumptions/</link>
		<comments>http://www.strategy-at-risk.com/2011/03/01/plans-based-on-average-assumptions/#comments</comments>
		<pubDate>Tue, 01 Mar 2011 14:48:29 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Balance sheet and P&L simulation]]></category>
		<category><![CDATA[Corporate risk analysis]]></category>
		<category><![CDATA[Modelling]]></category>
		<category><![CDATA[Other topics]]></category>
		<category><![CDATA[Uncertainty]]></category>
		<category><![CDATA[Cauchy distribution]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[Error rate]]></category>
		<category><![CDATA[FRM]]></category>
		<category><![CDATA[Normal distribution]]></category>
		<category><![CDATA[single estimate]]></category>
		<category><![CDATA[Triangular distribution]]></category>
		<category><![CDATA[Uniform distribution]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=2285</guid>
		<description><![CDATA[Don’t worry about the average, worry about how large the variations are, how frequent they occur and why they exists.]]></description>
		<wfw:commentRss>http://www.strategy-at-risk.com/2011/03/01/plans-based-on-average-assumptions/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Planning under Uncertainty</title>
		<link>http://www.strategy-at-risk.com/2010/12/07/planning-under-uncertainty/</link>
		<comments>http://www.strategy-at-risk.com/2010/12/07/planning-under-uncertainty/#comments</comments>
		<pubDate>Tue, 07 Dec 2010 21:21:33 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Corporate risk analysis]]></category>
		<category><![CDATA[Corporate Strategy]]></category>
		<category><![CDATA[Decision making]]></category>
		<category><![CDATA[Other topics]]></category>
		<category><![CDATA[Uncertainty]]></category>
		<category><![CDATA[Balance simulation]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[FRM]]></category>
		<category><![CDATA[Future state]]></category>
		<category><![CDATA[Scenario analysis]]></category>
		<category><![CDATA[Stochastic dominance]]></category>
		<category><![CDATA[Target analysis]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=2233</guid>
		<description><![CDATA[Let’s say that the board have sketched a future desired state (value of equity) of the company and that you are left to find if it is possible to get there and if so - the road to take. ]]></description>
		<wfw:commentRss>http://www.strategy-at-risk.com/2010/12/07/planning-under-uncertainty/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Working Capital and the Balance Sheet</title>
		<link>http://www.strategy-at-risk.com/2010/12/01/working-capital-and-the-balance-sheet/</link>
		<comments>http://www.strategy-at-risk.com/2010/12/01/working-capital-and-the-balance-sheet/#comments</comments>
		<pubDate>Wed, 01 Dec 2010 11:48:09 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Balance sheet and P&L simulation]]></category>
		<category><![CDATA[Balance sheet simulation]]></category>
		<category><![CDATA[Modelling]]></category>
		<category><![CDATA[Balance]]></category>
		<category><![CDATA[Balance simulation]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[FRM]]></category>
		<category><![CDATA[operating capital]]></category>
		<category><![CDATA[working capital]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=2192</guid>
		<description><![CDATA[Simplifying the balance sheet - using the concept of working- and operating capital.]]></description>
		<wfw:commentRss>http://www.strategy-at-risk.com/2010/12/01/working-capital-and-the-balance-sheet/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Uncertainty modeling</title>
		<link>http://www.strategy-at-risk.com/2010/11/24/uncertainty-modeling/</link>
		<comments>http://www.strategy-at-risk.com/2010/11/24/uncertainty-modeling/#comments</comments>
		<pubDate>Wed, 24 Nov 2010 21:05:01 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[About us]]></category>
		<category><![CDATA[Balance sheet and P&L simulation]]></category>
		<category><![CDATA[Corporate risk analysis]]></category>
		<category><![CDATA[Corporate Strategy]]></category>
		<category><![CDATA[Decision making]]></category>
		<category><![CDATA[Macro risk]]></category>
		<category><![CDATA[Modelling]]></category>
		<category><![CDATA[Uncertainty]]></category>
		<category><![CDATA[Decision]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[Financial modelling]]></category>
		<category><![CDATA[Forecast modelling]]></category>
		<category><![CDATA[FRM]]></category>
		<category><![CDATA[Simulation modeling]]></category>
		<category><![CDATA[Stochastic simulation]]></category>
		<category><![CDATA[Strategy]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=2149</guid>
		<description><![CDATA[We know that forecasts based on average values are on average wrong. In addition will deterministic models miss the important uncertainty dimension that gives both the different risks facing the company and the opportunities they bring forth.]]></description>
		<wfw:commentRss>http://www.strategy-at-risk.com/2010/11/24/uncertainty-modeling/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Big Issues Needs Big Tools</title>
		<link>http://www.strategy-at-risk.com/2010/11/24/big-issues-needs-big-tools/</link>
		<comments>http://www.strategy-at-risk.com/2010/11/24/big-issues-needs-big-tools/#comments</comments>
		<pubDate>Wed, 24 Nov 2010 14:30:14 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[About us]]></category>
		<category><![CDATA[Balance sheet and P&L simulation]]></category>
		<category><![CDATA[Contingency planning]]></category>
		<category><![CDATA[Cost of debt]]></category>
		<category><![CDATA[Cost of equity]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[Financial modeling]]></category>
		<category><![CDATA[FRM]]></category>
		<category><![CDATA[Monte Carlo]]></category>
		<category><![CDATA[Simulation modeling]]></category>
		<category><![CDATA[Uncertainty]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=2132</guid>
		<description><![CDATA[We believe you know your business best and will in your capacity implement the necessary resources, competence, tools and methods for running a successful and efficient organization.

Still issues related to uncertainty .......]]></description>
		<wfw:commentRss>http://www.strategy-at-risk.com/2010/11/24/big-issues-needs-big-tools/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Working Capital Strategy</title>
		<link>http://www.strategy-at-risk.com/2010/10/18/working-capital-strategy-2/</link>
		<comments>http://www.strategy-at-risk.com/2010/10/18/working-capital-strategy-2/#comments</comments>
		<pubDate>Mon, 18 Oct 2010 15:09:36 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Balance sheet and P&L simulation]]></category>
		<category><![CDATA[Balance sheet simulation]]></category>
		<category><![CDATA[Modelling]]></category>
		<category><![CDATA[Uncertainty]]></category>
		<category><![CDATA[Balance simulation]]></category>
		<category><![CDATA[cash conversion cycle]]></category>
		<category><![CDATA[Cash management]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[FRM]]></category>
		<category><![CDATA[Monte Carlo simulation]]></category>
		<category><![CDATA[operating capital]]></category>
		<category><![CDATA[working capital]]></category>
		<category><![CDATA[working capital management]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=1844</guid>
		<description><![CDATA[Net working capital is defined as the difference between current assets and current liabilities. It can be both positive and negative depending on the firm’s strategic position in the market.]]></description>
		<wfw:commentRss>http://www.strategy-at-risk.com/2010/10/18/working-capital-strategy-2/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Solving Uncertainty in Simulation Models</title>
		<link>http://www.strategy-at-risk.com/2010/08/02/solving-uncertainty-in-simulation-models/</link>
		<comments>http://www.strategy-at-risk.com/2010/08/02/solving-uncertainty-in-simulation-models/#comments</comments>
		<pubDate>Mon, 02 Aug 2010 10:13:59 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Decision making]]></category>
		<category><![CDATA[Modelling]]></category>
		<category><![CDATA[Other topics]]></category>
		<category><![CDATA[Uncertainty]]></category>
		<category><![CDATA[Decision problems]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[FRM]]></category>
		<category><![CDATA[information incompleteness]]></category>
		<category><![CDATA[knowledge incompleteness]]></category>
		<category><![CDATA[parametric uncertainty]]></category>
		<category><![CDATA[Problem solving]]></category>
		<category><![CDATA[procedural uncertainty]]></category>
		<category><![CDATA[Residual uncertainty]]></category>
		<category><![CDATA[Risk]]></category>
		<category><![CDATA[Risk modeling]]></category>
		<category><![CDATA[Strong substantive uncertainty]]></category>
		<category><![CDATA[structural uncertainty]]></category>
		<category><![CDATA[substantive uncertainty]]></category>
		<category><![CDATA[Weak substantive uncertainty]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=1756</guid>
		<description><![CDATA[Uncertainty in your firm's operations is most likely complex and will need systematic treatment through simulation modeling - by thinking outside the box.]]></description>
		<wfw:commentRss>http://www.strategy-at-risk.com/2010/08/02/solving-uncertainty-in-simulation-models/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Stochastic Balance Simulation</title>
		<link>http://www.strategy-at-risk.com/2010/05/24/balance-simulation/</link>
		<comments>http://www.strategy-at-risk.com/2010/05/24/balance-simulation/#comments</comments>
		<pubDate>Mon, 24 May 2010 20:02:31 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Balance sheet and P&L simulation]]></category>
		<category><![CDATA[Balance sheet simulation]]></category>
		<category><![CDATA[Corporate risk analysis]]></category>
		<category><![CDATA[Corporate Strategy]]></category>
		<category><![CDATA[Macro risk]]></category>
		<category><![CDATA[P&L simulation]]></category>
		<category><![CDATA[Balance simulation]]></category>
		<category><![CDATA[DFA]]></category>
		<category><![CDATA[Dynamic Financial Analysis]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[FRM]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[Ledger]]></category>
		<category><![CDATA[Monte Carlo]]></category>
		<category><![CDATA[P&L]]></category>
		<category><![CDATA[Simulation modeling]]></category>
		<category><![CDATA[Trial balance]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=1705</guid>
		<description><![CDATA[We know that forecasts based on average values are on average wrong.  In addition deterministic models will miss the important dimension of uncertainty - that gives both the different risks facing the company and the opportunities they produce.]]></description>
		<wfw:commentRss>http://www.strategy-at-risk.com/2010/05/24/balance-simulation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

