Why You
Want More
Risk
By: Trevor Levine, MBA
Riskczar Corporation
Risk management is the third most important
thing your organization needs.
It’s obvious the First things you need are great products or services, and revenues from them. Your Second need is to manage your costs related to growing, producing, selling, etc.
When you generate revenues and manage your costs effectively then you have profits; you have assets. And when your enterprise has assets you need a mechanism to protect your assets from bad things; enter enterprise risk management.
Definition: Enterprise risk management (ERM) provides a framework for proactively identifying and addressing uncertainties related to your organization’s objectives. ERM create value for their stakeholders.
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