Enterprise risk management

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Enterprise risk management in business includes the methods and processes used by organizations to manage risks and seize opportunities related to the achievement of their objectives. ERM provides a framework for risk management, which typically involves identifying particular events or circumstances relevant to the organization's objectives, assessing them in terms of likelihood and magnitude of impact, determining a response strategy, and monitoring progress. By identifying and proactively addressing risks and opportunities, business enterprises protect and create value for their stakeholders, including owners, employees, customers, regulators, and society overall. ERM can also be described as a risk-based approach to managing an enterprise, integrating concepts of strategic planning, operations management, and internal control. ERM is evolving to address the needs of various stakeholders, who want to understand the broad spectrum of risks facing complex organizations to ensure they are appropriately managed. Regulators and debt rating agencies have increased their scrutiny on the risk management processes of companies

Weitere Informationen

  • Allgemeine Informationen
    • GTIN 09786130226503
    • Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
    • Sprache Englisch
    • Größe H220mm x B150mm x T5mm
    • Jahr 2009
    • EAN 9786130226503
    • Format Fachbuch
    • ISBN 978-613-0-22650-3
    • Titel Enterprise risk management
    • Untertitel Business, Risk management, Operations management, Internal control, Strategic planning, Benefit shortfall, Cost overrun, Credit risk, Information Quality Management
    • Gewicht 130g
    • Herausgeber Alphascript Publishing
    • Anzahl Seiten 76
    • Genre Wirtschaft

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