Risk management must be a part of every critical decision throughout the organization. (Photo: Shutterstock)
Success these days depends on your ability to immediately grasp all of your current risks, anticipate what's around the corner, and understand what it means for the organization. And there's no room for error.
An enterprise risk management (ERM) program can help you make smart decisions about risk that will put you on the path toward success. ERM collectively looks at all risks, how they relate to each other, and the cumulative impact on the organization. It looks to increase an organization's value by both minimizing losses and maximizing opportunities for growth.
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