Description
After reading both articles this week, and any other relevant research you locate, please discuss the following:
Please summarize, in your own words, a description of enterprise risk management. Why do you feel ERM is different from traditional risk management?
Please make your initial post and two response posts substantive. A substantive post will do at least two of the following:
- Ask an interesting, thoughtful question pertaining to the topic
- Answer a question (in detail) posted by another student or the instructor
- Provide extensive additional information on the topic
- Explain, define, or analyze the topic in detail
- Share an applicable personal experience
- Provide an outside source (for example, an article from the UC Library) that applies to the topic, along with additional information about the topic or the source (please cite properly in APA 7)
- Make an argument concerning the topic.
At least one scholarly source should be used in the initial discussion thread. Be sure to use information from your readings and other sources from the UC Library. Use proper citations and references in your post.
Explanation & Answer
Attached.
Running Head: ENTERPRISE RISK MANAGEMENT
ENTERPRISE RISK MANAGEGEMENT
Institutional affiliation
Date
1
ENTERPRISE RISK MANAGEMENT
Introduction
There are many risks associated with operations in every business that may not be foreseen when
setting up an organization. This means that when these risks occur at some point, it may be late
or not possible to address them effectively. A proactive strategy and mechanisms are, therefore,
important in promoting risk management for an organization. Enterprise Risk Management
(ERM) is a strategic, systematic approach that incorporates processes and methods applied by
enterprises to manage business associated risks by providing a framework for managing threats
and opportunities (Olson & Wu, 2015). This is in regard to how they may occur, the magnitude
of their impact on business, and devising a strategy to identify, analyze, monitor, and respond
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Review
Review
