Due to digitization, globalization, regulatory regime and creeping competition, managing risk is the biggest problem for Senior Management of all organizations. However, no business is immune to risk, but finding and managing them in order to create a sustainable enterprise is a critical task.
Enterprise Risk Management is known as a rigorous approach to simply assess and address risks from sources that plays a vital role in stopping an organization from achieving strategic objectives. There is no denying the fact that ERM manage risk strategically and holistically.
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