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Enterprise Risk Management versus Strategic Risk Management
Younes Mazlumi, CEO, Iran
These days the importance of managing all risks together has been recognized by organizations. Any risk management process in a firm must include interactions between all risks which mainly are hazard risks, financial risks, operational risks and strategic risks. Risk management is not managing those risks which are familiar or easy to quantify. Even seemingly insignificant risks may cause big losses or damages. Managing all risks together is called ERM (Enterprise Risk Management).
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Management of RiskNdongo albert rene, etudiant, Tunisia These risks are difficult to quantify and that's the real problem. Solutions about it are also not easy to find. |
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