Enterprise-Risk-Mn
Enterprise Risk Management
Enterprise risk management starts with identification of events that are of relevance to the organization, the risks and opportunities. These events are evaluated on the basis of their impact and probability of occurrence and a strategy is designed to counter or meet the same; all this to add more value to stakeholders.
It is an approach where in risk is looked upon as an opportunity and at the same time is monitored such that it may not affect an organization to a large extent.
Typically the following four strategies, called as ‘risk response strategy’ are adopted by organizations while facing a risk.
- Exit strategy: Avoiding the activities that lead to risk.
- Reduction strategy: taking certain actions that decrease the impact of the risk.
- Share or Insure strategy: Transferring a certain component of risk so that impact is reduced.
- Accept strategy: No step is taken to mitigate risk. This is taken due to cost/benefit considerations.
http://www.managementstudyguide.com/implementing-enterprise-risk-management.htm
الملفات المرفقة
- Enterprise Risk Management (Enterprise Risk Management.doc - B)
