Investigating Enterprise Risk Management III: Custom-Tailored Solutions Using Enterprise Risk Management
- Topics:
- Enterprise Risk Management
- Tags:
- Business Operations,
- Security,
- Risk Management,
- Risk,
- Management,
- Financial Services,
- Financial Planning,
- Finance,
- ERM,
- Enterprise Risk Management,
- ...
- Source:
- Aon
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Overview: One of many big companies has realized that its traditional approach to risk management has been fragmented, treating risks as disparate and easily compartmentalized. Through Enterprise Risk Management, it was found out that the overall risk management program was not adequately integrated with the identification, evaluation, and optimization of growth and capital. By the utilization of the ERM process, the company now shares between department’s organizational goals and broad coordination of strategic control and yet provides freedom to act within well-defined boundaries. Today, the company uses ERM to facilitate the management of risk in a world of uncertainty, leading to broader optimization of opportunities, risk, growth, and capital. ERM harnesses for company the enormous advances available today in the sharing of technology and knowledge to build and improve the enterprise’s risk management capabilities. Its overall objective is to improve the organization using risk management as a competitive tool and one that works daily to increase the firm’s shareholder value.
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Format: PDF | Size: 142KB | Date: Jan 2000 | Pages: 14
