Educational Objective 7
Describe each of the following with regard to reputation risk:
• Reputation as a key asset
• Key risk sources
• Systemic approach to managing reputation risk
• Implementation of risk management for reputation risk
Key Word or Phrase
7-1. Define reputation in the context of reputation risk.
7-2. Identify why reputation is a key asset to an organization.
7-3. Identify examples of external stakeholders.
7-4. Identify examples of organizational risks that can threaten reputation as a key asset.
7-5. Summarize the systemic approach to managing reputation risk.
7-6. Identify the three risk management principles that an organization must follow to implement risk management for risk to reputation.