Do you think that ERM is necessary in the contemporary organization|My homework helper

Posted: January 26th, 2023

After reading this week’s article, and any other relevant research you locate, please discuss the following in your main post:.

• Which case study in the paper was most interesting to you and why?
• Do you think that ERM is necessary in the contemporary organization and why?

Please make your initial post

• 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.

Reading Materials –

Do, H., Railwaywalla, M., & Thayer, J. (2016). Integration of ERM with strategy (p. 35). Enterprise risk management initiative. Retrieved from Poole College of Management, NCSU.

SOLUTION

ERM, or enterprise risk management, is a process by which organizations identify, assess, and prioritize risks in order to minimize their impact and maximize opportunities. While it may not be strictly necessary for all organizations, it is generally considered to be a best practice and can help organizations to be more resilient and better prepared for potential risks.

Additionally, many industries and regulatory bodies require some form of ERM, so it may be necessary for organizations operating in those contexts.