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reduve the risks of an enterprise

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∙ 12y ago

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Why enterprise risk management is a more effective approach for today's organizations?

why enterprise risk management is a more effective approach for today's organizations.


What is the difference between the traditional risk management and enterprise risk management?

The differences between traditional risk management and enterprise risk management are their strategic applications and performance metrics. Enterprise risk management involves the whole organization while traditional risk management is usually more departmentalized.


A person who takes the risk of a new business enterprise?

This kind of person can be described as an entrepreneur.


Where can one find more information about enterprise risk management software?

There are several sites that can assist someone in seeking information about enterprise risk management software. CSO Online and Investopedia both have substantial information regarding enterprise risk management and the best software to help one with this.


What is a retained risk?

A retained risk is when an enterprise decides to keep hold of a risk instead of transferring it by a means of insurance.


Why should bilges be kept clean and free oil drips?

to reduce the risk of pollution


Who organizes manages and assumes the risk of a business or enterprise?

An Entrepreneur organizes, manages, and assumes the risks of a business or enterprise.


Can exercise reduce the risk of dying young?

Yes, it can reduce the risk of dying young.


How do mutual funds reduce the risk of loss?

Mutual fund do not reduce the risk of loss.


What are the control designed to do?

Controls are designed to reduce or eliminate risk.


What is the enterprise risk management in a business?

Enterprise risk management in a business has a framework to help identify, respond to and monitor risks to a business opportunity. These are avoidance, reduction, alternative actions, share or insure and accept.


What is an entreprenueur?

a person who organizes and manages any enterprise with initiative and risk.

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