Enterprise Risk Management for Dummies - Beaumont Vance, Joanna Makomaski - Google книгиListen to a risk management book or any other text with this special promotion. Risk management is an important discipline in the corporate sphere. If done properly, it can propel a well-run company pas what anyone imagined. The face of risk management changed forever after the credit crunch. Through it all, it remains a constantly evolving field.
Enterprise risk management
Publisher: Saylor Foundation. The text is very comprehensive as far as information is concerned. Most, if not all, key vocabulary and methodologies of risk management are covered in depth and written to a level easily understandable at the undergraduate level. However, the However, the text lacks an index or glossary which would be extremely welcomed.
Enterprise risk management ERM in business includes the methods and processes used by organizations to manage risks and seize opportunities related to the achievement of their objectives. ERM provides a framework for risk management , which typically involves identifying particular events or circumstances relevant to the organization's objectives risks and opportunities , assessing them in terms of likelihood and magnitude of impact, determining a response strategy, and monitoring process. By identifying and proactively addressing risks and opportunities, business enterprises protect and create value for their stakeholders, including owners, employees, customers, regulators, and society overall. ERM can also be described as a risk-based approach to managing an enterprise, integrating concepts of internal control , the Sarbanes—Oxley Act , data protection and strategic planning. ERM is evolving to address the needs of various stakeholders, who want to understand the broad spectrum of risks facing complex organizations to ensure they are appropriately managed.
It reviews various categories of risk, including financial, cyber, health, safety and environmental, brand, supply chain, political, and strategic risks and many others. It provides a common framework and terminology for managing these risks to build an effective enterprise risk management system. This enables companies to prevent major risk events, detect them when they happen, and to respond quickly, appropriately, and resiliently. The book solves the problem of differing strategies, techniques, and terminology within an organization and between different risk specialties by presenting the core principles common to managing all types of risks, while also showing how these principles apply to physical, financial, brand, and global strategy risks. Risk managers and executives; security managers and executives; business, risk, and security consultants; and managers and executives in operations, information technology, finance, legal, engineering, health and safety, environment and sustainability, marketing, etc.