ERM (Enterprise Risk Management)

Enterprise Risk Management (ERM) is a strategic approach that organizations use to identify, assess, and respond to potential risks that could affect their objectives and operations. It involves a systematic process of understanding uncertainties across various areas, such as financial, operational, regulatory, and reputational risks. By integrating risk management into decision-making, businesses aim to enhance performance, ensure compliance, and safeguard assets. Ultimately, ERM helps organizations proactively manage risks, making them better equipped to navigate challenges and seize opportunities in an ever-changing environment.