Description
discusses strategy and how ERM can be integrated with an organization’s overall strategy. Prepare a research paper on some of the various issues, protocols, methods, frameworks you found and discuss how – if possible – organizations can use ERM as strategy. It is perfectly acceptable if you deem ERM cannot be used as strategy, just back up your claim with scholarly research and justifications.
Your paper should meet these requirements:
- Be approximately four to six pages in length, not including the required cover page and reference page.
- Follow APA 7 guidelines. Your paper should include an introduction, a body with fully developed content, and a conclusion.
- Be clearly and well-written, concise, and logical, using excellent grammar and style techniques. You are being graded in part on the quality of your writing.

Explanation & Answer

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Running head: ENTERPRISE RISK MANAGEMENT STRATEGY
Enterprise Risk Management Strategy
Name of Student
Institution Affiliation
Course
Date
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ENTERPRISE RISK MANAGEMENT STRATEGY
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Introduction
Enterprise risk management (ERM) happens to be an exercise of planning, managing,
controlling, and leading the ventures of an enterprise to alleviate the impacts of risk on a
company's capital and earnings. ERM also tends to be an exercise executed by an organization's
board of directors, management, and other staff, implemented in strategy setting and around the
company. ERM gets created to determine possible events which may impact the firm, and
control risk to be in its risk appetite, to offer a reasonable affirmation concerning the attainment
of organization purpose.
ERM is essential in an organization since its achievement identifies the health and life of
a business. If a company fails to determine risks to its existent, it should get prepared to face any
risk occurrences. Enterprise risk management tends to offer a framework for risk management.
This entails determining specific events or conditions essential to the company's objectives,
evaluating them with regards to likelihood and dimensions of effect, identifying a response
strategy, and tracking process (PricewaterhouseCoopers, 2017). Therefore, ERM is an evolving
process that sets out numerous objectives and is a tool for strategic planning, management of
risk, and determination of evolving opportunities and anticipated competitive benefits.
Issues, Protocols, and Methods
Organizations continue to face a lot of complexity, inconsistency, ...
