Enterprise Risk Management

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Enterprise Risk Management

Article Index
Enterprise Risk Management
Expert Opinion
Survey and Research
Example Cases
Measure and Evaluate
Self-Assessments
Summary of Best Practices
Conclusion
References

Page 1 of 9

Enterprise Risk Management (ERM) is a discipline that consolidates risk management throughout an organisation. It should be considered as a key component of organisational strategy, as it reduces the likelihood of potential catastrophic failures and increases the likelihood of organisational success.

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The Stage

The leaders of today’s most successful organisations are risk shapers rather than risk takers. Successful organisations do not shy away from addressing risk, regarding it as a source of growth and future business rewards. Today’s global economy means that organisations have to use ERM if they want to master risk. Otherwise, they may well be enslaved by it. [1]

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