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Running Head: ENTERPRISE RISK MANAGEMENT
Enterprise Risk Management
ENTERPRISE RISK MANAGEMENT
The primary mission of ERM is to make sure that in a vastly uncertain environment,
the anticipated results of the entire organization are made most probable, and attained by
actively tackling diverse outcomes that result from combining strategic risks and unknowns.
My workshop's approach to ERM is different from others because it is established on the
concept that considerable uncertainty of the future has an influence on the corporate
operations and strategies and should be keenly considered. It takes a holistic and systematic
approach to handle uncertainty, evade experiences that previously impacted the organization,
and handle situations that generate risks.
There are massive and growing narratives on psychological concerns related to the
processing of information uncertainty and diverse ways of conveying user-detailed
probability and additional information uncertainty. Interpretation and use of information
uncertainty relate mostly to the end-user. The best way my workshop handles information
uncertainty is by incorporating the uncertainty in the ERM decision making process. Also,
my workshop decision-makers evaluate the uncertainty by looking into several sources of
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