Select an organization, either your own or another. Discuss at least five key drivers of ERM efficiency that are or should be present in your selected organization. Your discussion should include why you selected each key driver, how each one aligns with the organization’s strategic plans, and how each contributes to ERM efficiency.

Assignment requirements:

• Papers must be original work.
• Papers must be at least 10 double-spaced pages exclusive of title page, abstract, tables and figures, references, and any appendices.
• At least 15 references are expected and 10 of them must be peer-reviewed.
• The paper, sources, and citations are to be provided in APA format.

Reminders on APA Guidelines

• The paper should be double-spaced standard-sized (8.5″ x 11″), with 1″ margins on all sides.
• APA recommends using 12 pt. Times New Roman font.
• Include a page header at the top of every page.
• Your paper should include four major sections: the Title Page, Abstract, Main Body, and References

Answer preview

Enterprise risk management (ERM) plays a critical role in the success of a business venture. Companies that seek to secure a favorable position in their respective industries must know how to manage their risks effectively. ERM affects different areas of the business, for example, marketing, strategic planning, customer service, finance, and logistics. The management of risks is all-rounded, influencing all key business areas. Walmart is an example of a firm that has impeccable ERM. The company, which is a critical player in the retail industry, is a pacesetter in risk management…