Learning from others: A low ‐cost–high‐impact risk/opportunity identification technique

AbstractNews for risk/opportunity identification (NfROI) is a tool for practitioners to leverage the journey from a risk management mindset to an enterprise risk management approach. NfROI unleashes the power of storytelling and provides a standardized format to enhance the existing practice of gleaning information from sources such asJHRM, news outlets, social media, and the ASHRM Exchange. A series of 3 examples highlight the advantages of learning from others as a complement to retrospective internal data. The stories have implications across the ASHRM's ERM Framework domains and thereby provide bridges across the pillars in the organizational chart. Learning from others can reduce costs and reveal emerging risks before the direct impact on the organization.

Source: Journal of Healthcare Risk Management - July 8, 2020 Category: Hospital Management Authors: Brendan E. Williams, Anne S. Williams, Katherine M. Williams Tags: Operations Source Type: research