Why do enterprise Risk Management?
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In business Enterprise Risk Management (ERM) are the methods and processes used to manage those risks, possible events or circumstances that can have influence on the Enterprise in question. By identifying and proactively treating such potential effectors, one protects the very existence, the resources (human and capital), the products and services, or the customers of the Enterprise, as well as external effects on Society, Markets or the Environment.\n\nERM is similar to operational risk management (ORM) but also includes credit risk and market risk.
795152
There could be many reasons.  But, ultimately it helps management actually manage the business better by having it broken out into functional areas.  \n\nYou can divide a business up into functional areas such as Human Resources, Finance, Accounting, Production, Research & Development (R&D), etc. etc.   Imagine how hard it might be to have one manager over all of those areas?  But if you break it out, and you have one person directly responsible for a function, they will most likely have an expertise in that field.  Such as an HR Director.\n\nFrom a cost perspective, you can track costs more accurately by functional areas and also allow each area to create its own budget and then you can do budget analysis to see if that area is adding to the overall profit of the business.\n\nHope that helps some.
1100575
because you are a bad risk
655158
From observation Companies today are too diversified and need to consolidate if they are to survive.I see the push toward companies managing their separate department totally autonomously from each other in order to better evaluate their performance and profitability. I worked in a company many years ago which used the profitable divisions to prop up those divisions which were not so profitable which, to my way of thinking, was a huge mistake even for those days.I have seen many a company collapse under the weight of excessive diversification
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Exposure to modern management practises\nmore oppurtunity to grow\nmore exposure\nmore challenges
513089
managing litigation risk.   Nonprofit organisations must minimise risk even more than for-profit enterprises because they cannot pass on the costs of potential harm to customers. Nonprofits that cannot deliver services safely will lose client trust and have difficulty in recruiting volunteers and soliciting donor support.\n\nIn an increasingly litigious society, nonprofits need information on risk management to mitigate liability for both staff and boards of directors.
556320
Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium and duty of care.
1128340
The vital component of an effective ERP is its ownership with the user community.  HR efforts to drive this ownership away from the IT folks to th euser comunity with a system of rewards and recognition would be the way to go.
463875
I may be misunderstanding your question but all industries require management - what specifically are you interested in?
1170937
Risk managment is a safety net.  By considering what problematic areas may affect your project, you take the initiative to avoid them.  I don't know about optimism, but proper application (and following!) of risk management processes will certainly have the opposite effect of dragging the timeline.
717373
Yeah like the 1st person said, to maximize the production. Operations management gives several techniques to maximize the use of resources, say money, people, materials, etc.  It can also help you plan a proyect through pert and cpm. Sorry i cant tell u more, my main language is spanish so i dont really know how to translate this technical words and the names of the techniques. If you understand spanish i can tell you more.
135608
Because women are just now (in the last 50 years) starting to aquire stable jobs in the buisness world. Men however, have reached their peak in the buisness world and have their wives to earn a considerable amount of the family income. Therefore, men are able to take more financial risks.
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A Disaster recovery plan covers the data, hardware and software critical for a business to restart operations in the event of a natural or human-caused disaster. It should also include plans for coping with the unexpected or sudden loss of key personnel, although this is not covered in this article, the focus of which is data protection.\n\nThere are many different risks that can negatively impact the normal operations of an organization. A risk assessment should be performed to figure out what constitutes a disaster and which risks a specific company is susceptible to, including:\n\nNatural disasters \nFire \nPower failure \nTerrorist attacks \nOrganized or deliberate disruptions \nSystem and/or equipment failures \nHuman error \nComputer viruses \nLegal issues \nWorker strikes
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Is where you evaluate future risks of certain activities and determine what action can be taken to avoid accidents before they occur.  It is typically done statistically with probability calculations based on industrial records.
177929
I assume you are talking about strategic planning? If so and are an enterprise sized firm there are ton's of resources- try the OGSM (Objectives Goals Strategies and Meausres) approach from EMM Group. E-mail someone there to ask about it- they are very accomplished at using the process.
1025541
Oh wow...  That question has such a lengthy answer...Let me try to summarize.  Internal controls help the business owners/management have an at a glance of the daily activity of their business for things such as losses, employee activity, compliance, training, general ledger balancing.  These are very accurate records and accounts of daily, monthly, and annual activity.  It aids in giving a method to research credit/debits that do not balance.  Does that help at all?
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1. Minimize harm: Work to minimize the negative consequences of business activities and decisions on stakeholders, including employees, customers, communities, ecosystems, shareholders, and suppliers. Examples include operating ethically, supporting efforts to stop corruption, championing human rights, preventing environmental harm, enforcing good conduct from suppliers, treating employees responsibly, ensuring the safety of employees, ensuring that marketing statements are accurate, and delivering safe, high-quality products.\n\n   2. Maximize benefit: Contribute to societal and economic well-being by investing resources in activities that benefit shareholders as well as broader stakeholders. Examples include participating voluntarily to help solve social problems (such as education, health, youth development, economic development for low-income communities, and workforce development), ensuring stable employment, paying fair wages, and producing a product with social value.\n\n   3. Be accountable and responsive to key stakeholders: Build relationships of trust that involve becoming more transparent and open about the progress and setbacks businesses experience in an effort to operate ethically. Create mechanisms to include the voice of stakeholders in governance, produce social reports assured by third parties, operate according to a code of conduct, and listen to and communicate with stakeholders.\n\n   4. Support strong financial results: The responsibility of a company to return a profit to shareholders must always be considered as part of its obligation to society.