risk-taking

Risk and game theory

January 10, 2018 Norman D. Marks, CPA, CRMA Business and Legal Issues, Competition, IT, Privacy and Security, Leadership and Management, Sales, Marketing and Operations, Software Acquisition, Implementation and Maintenance, Systems Acquisition, Maintenance and Disposal

The Cuban Missile Crisis is frequently cited as an example of the use of Game Theory. I am talking about the situation confronting the Kennedy government when they found that the USSR had installed missiles in Cuba that were capable of hitting American cities with nuclear weapons. Here is a link to a summary of […]

competitors, Cuban Missile Crisis, Customer service, decision-making, game theory, highest margin product, Internal Controls, line of products, Lower prices, market share, Market Share Game, PhD, risk management, risk-taking, Ruth D. Fisher, variety of risks and opportunities

Are we doing enough about behavior?

December 13, 2017 Norman D. Marks, CPA, CRMA Budgeting and Auditing, Business and Legal Issues, Corporate Governance, Finance and Accounting, Leadership and Management

I have written about culture as having many facets. Auditing culture is not just about ethics, or risk-taking. It’s about behavior and what drives it. Are we, as individuals (especially when we are in a position of authority, such as any member of internal audit) doing enough?

auditing culture, behavior, culture, risk-taking