Chapters 26 through 29 presented four mini-case studies on ERM and risk. Each one presented a slightly different risk scenario. Starting with chapter 29, assume that you have been asked to advise the Akawini management team on how they should promote and monitor the transformation of risk management in their business. What performance measures would you recommend that use so that they can monitor progress and performance? Choose one other of the chapters from this week and recommend ERM measures that organization should implement as well to monitor risks outlined in that chapter.
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Explanation & Answer
Transformation of risk management
There various ways in which approach to managing risk can be monitored and promoted
to enhance and transform risk management in a business. The risk management of a business
involves identification, assessment, and implementation of risk management techniques and
therefore will allow you to account for risk factors that are correlated to an economic recession
and cope with them. Akawini Co...