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Fall Journal

Volume 27, Issue 4

Full Contents Now Available!

4 Steps to Effective Enterprise Risk Management

The bigger a business is, the more it has to lose. If a company doesn’t create an effective risk management plan, it could soon find itself in major trouble for overlooking an easily avoidable event. The price of not having a risk management plan can very quickly outweigh any cost related to creating one. Enterprise risk management ensures that risks are evaluated and avoided and any opportunities to achieve the company’s objectives are seized. Let’s take a look at the 5 key steps of enterprise risk management.