Enterprise risk management
Write a 1,050- to 1,400-word paper about enterprise risk management (ERM) in which you:
- Explain the difference between traditional and enterprise risk management.
- Explain why enterprise risk management is a more effective approach for today’s organizations.
- Explain key drivers of value-driven enterprise risk management.
- Explain how these key drivers are applied within health care to drive enterprise risk management. Provide examples.
Cite at least 3 outside sources.
Enterprise risk management is quickly gaining popularity in the corporate world. Organizations use a strategy to identify and monitor dangers and other potential risks that might prevent the company from continuing with its operations or attaining their objectives (Bromiley et al., 2015). Risk and hazards are a common phenomenon…