Problem
Review Chapter 32: Constructive Dialogue and ERM: Lessons from the Financial Crisis Case and provide response for following questions.
• What are the preconditions for conducting constructive dialogue in an organization?
• Is effective risk management possible without constructive dialogue?
• What are the forces that tend to undermine effective risk management in an organization?
• Given its obvious value in helping an organization to understand the major risks that could prevent it from accomplishing its mission and objectives, why was the financial sector, including a risk-sensitive organization such as Goldman Sachs, so slow in adopting ERM?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.