Research Paper:

The reading this week discusses strategy and how ERM can be integrated with an organization’s overall strategy. Prepare a research paper on some of the various issues, protocols, methods, frameworks you found and discuss how – if possible – organizations can use ERM as strategy. It is perfectly acceptable if you deem ERM cannot be used as strategy, just back up your claim with scholarly research and justifications.Your paper should meet these requirements:

• Be approximately four to six pages in length, not including the required cover page and reference page.
• Follow APA 7 guidelines. Your paper should include an introduction, a body with fully developed content, and a conclusion.
• Support your answers with the readings from the course and at least two scholarly journal articles to support your positions, claims, and observations, in addition to your textbook. The UC Library is a great place to find resources.

Answer preview

Enterprise Risk Management (ERM) deals with short-term and dynamic risks as well as long-term and strategic risks. For ERM to be successful, it is critical to integrate the various elements of business risks with the overall organizational strategy. The updated Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework on ERM emphasizes on the benefits of an organization aligning…