Description
Provide a reflection of at least 500 words (or 2 pages double spaced) of how the knowledge, skills, or theories of this Enterprise Risk Management have been applied, or could be applied, in a practical manner to your current work environment. If you are not currently working, share times when you have or could observe these theories and knowledge could be applied to an employment opportunity in your field of study.
Requirements:
- Provide a 500 word (or 2 pages double spaced) minimum reflection.
- Use of proper APA formatting and citations. If supporting evidence from outside resources is used those must be properly cited.
- Share a personal connection that identifies specific knowledge and theories from this course.
- Demonstrate a connection to your current work environment. If you are not employed, demonstrate a connection to your desired work environment.
- You should NOT, provide an overview of the assignments assigned in the course. The assignment asks that you reflect how the knowledge and skills obtained through meeting course objectives were applied or could be applied in the workplace.
- Any use of outside sources, including your own prior work, will result in a zero on the activity and a report being filed with Academic Affairs regarding plagiarism (even if self-plagiarism).

Explanation & Answer

Attached.
Running head: ERM DISCUSSION
1
ENTERPRISE RISK MANAGEMENT
Name:
Course:
Professor:
Date:
ERM DISCUSSION
2
ERM DISCUSSION
Risk management is becoming a crucial element in today's business world due to the
continued advancement in technology. ERM (Enterprise Risk Management) is a plan-based
strategy that a business can use to determine, evaluate, and plan for potential hazards, dangers, or
obstacles that are likely to impede its performance. In this regard, risk management is a weapon
that competitive organizations can use to optimize their production potential and achieve the set
goals and objectives by addressing any possible hazard and exploring new opportunities. Just
imagine what can befall an organization without any risk mitigation plan in the current hi-tech
world?
Enterprise Risk Management can be used to establish a risk-focused culture in the
organizational setup. When an ERM program is implemented in an organization, it creates a
platform where the emphasis is placed on risks from the top to the lower. This culture enables the
br...
