Meaning and Usage of a Conceptual Enterprise Risk Management Framework – A Case Study
Meaning and Usage of a Conceptual Enterprise Risk Management Framework – A Case Study
Author(s): Aykut Bußian, Wiebke Geldmacher, Vanessa Just, Jan KopiaSubject(s): Business Economy / Management, Accounting - Business Administration
Published by: Asociaţia de Cooperare Cultural-Educaţională Suceava
Keywords: risk management; ERM; sustainability; performance measurement; risk management framework;
Summary/Abstract: Enterprise Risk Management (ERM) includes processes and methodologies for organizations to manage companies‘ risks. Due to an increase in the environmental complexity, a standardized approach of managing risks and opportunities is not only useful, but absolutely essential for business continuation – the way organizations deal with such risks is the key role for success and can be seen in the company‘s overall performance. In a previous paper the authors suggested a model for ERM assessment. In order to proof this model, this paper presents a case study of a production company with a working ERM to evaluate the model, based on a real example. The results demonstrate that a suggested model to assess ERM and its performance is practically useable by organizations and might be further extended in future studies.
Journal: Ecoforum
- Issue Year: 6/2017
- Issue No: 2
- Page Range: 0-0
- Page Count: 10
- Language: English