The Benefit of an Effective ERM Strategy
An effective, Enterprise Risk Management (ERM) strategy has become widely recognized as a key contributor to the achievement of objectives within an organization, regardless of the size of the organization, or the industries they ply their trade in. As opposed to just putting a risk management policy in place, or compiling and assessing a list of risks, ERM is dependent on a coordinated effort throughout the various departments, divisions or business units to manage the organization’s risks in a holistic, synchronised fashion, including responding to these risks, and the opportunities or threats that arise.
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