Answer to Question #93188 in Management for nelisiwe nkuna

Question

discuss the benefits of enterprise Risk Management(ERM)

Answer 1

Enterprise Risk Management is the process of planning, leading, and organizing activities in an organization. Since ERM supports better structuring and planning, it helps in the standardization of reports, improves the focus and perspectives on risks, ensures that resources are effectively used, and helps in making better decisions since there is an effective coordination of regulatory and compliance matters.