A guide to enhancing strategic performance with smart ERM
A smart and integrated approach to enterprise risk management (ERM) can be the “silver bullet” that drives an organization’s performance to new levels of success. Excellence in ERM practices means moving beyond silos and considering the full spectrum of risks, across the enterprise, in the context of achieving corporate objectives and maximizing operational performance. It means embracing some risks as opportunities and not just something to be avoided. It also means having constant insight into what is actually happening, both within and outside the organization, and responding to minimize the damage from both previously known and emerging risks.
Is excellence in ERM practices easy to achieve? Of course not. If it was easy, all organizations would already be doing it. Moreover, poor risk management can spell disaster for an organization. Taking a smarter approach to managing risk and compliance processes at all levels just makes good business sense.
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