Enterprise Risk Management
Article: Enterprise Risk Management Integrating with Strategy and Performance Executive Summary. (2017, June). Retrieved from https://www.coso.org/Documents/2017-COSO-ERM-Integrating-with-Strategy-and-Performance-Executive-Summary.pdf
Post: The reading this week 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.
Page count: 4 (excluding cover page and Reference page)
Style: APA-7 strictly (Introduction, a body with fully developed content, and a conclusion)
Supporting articles: course + at least 2 additional scholarly articles
Sample Solution
Enterprise risk management (ERM) is a strategic way to look at risk management from an enterprise-wide or organization-wide perspective. It identifies, assesses, and addresses potential losses, hazards, exposures, and other potential hazards that may affect an organization’s operations and objectives and/or result in loss of preparation. It is a top-down strategy aimed at doing. The ERM takes a holistic approach and requires management-level decisions that may not make sense for a single business unit or segment. Company-wide oversight is prioritized, rather than each business unit being responsible for its own risk management.
