Enterprise Risk Management: Strategic Importance, Challenges, and Case Studies
Description
Enterprise Risk Management (ERM) has evolved into a vital component of modern corporate governance, offering organizations a comprehensive framework for identifying, evaluating, and addressing risks. Unlike traditional, siloed risk management practices, ERM connects risk oversight directly with organizational strategy, thereby improving resilience, regulatory compliance, and sustainable performance. This paper examines the strategic role of ERM, highlights common challenges in its adoption, identifies key success factors, and reviews practical applications through case studies of Microsoft and Singapore Airlines. The analysis demonstrates how ERM equips organizations to balance risk exposure with value creation, ultimately strengthening adaptability and long-term competitiveness.
Files
Enterprise Risk Management-Strategic Integration for Organizational Success.pdf
Additional details
Additional titles
- Alternative title (En)
- Enterprise Risk Management: Strategic Integration for Organizational Success
Dates
- Available
-
2025-08-24
References
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- Do, H., Railwaywalla, M., & Thayer, J. (2016). Integration of ERM with strategy. Enterprise Risk Management Initiative, Poole College of Management, North Carolina State University. https://erm.ncsu.edu/wp-content/uploads/sites/41/migrated-files/Integration_of_ERM_and_Strategy_Case_Study.pdf
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