MEANING AND USAGE OF A CONCEPTUAL ENTERPRISE RISK MANAGEMENT FRAMEWORK – A CASE STUDY

Jan Kopia, and Vanessa Just,
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Jan Kopia,: Bucharest University of Economic Studies
Vanessa Just,: Bucharest University of Economic Studies Author-Name :Wiebke GELDMACHER,

EcoForum, 2017, vol. 6, issue 2, 11

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.

Keywords: Enterprise Risk Management; ERM; Performance; Performance Measurement (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:scm:ecofrm:v:6:y:2017:i:2:p:11

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