Enterprise Risk Management Practices in Kenya

نویسندگان

چکیده

Enterprise Risk Management (ERM) is a structured and coordinated approach for identifying, assessing, managing risks faced by an organization. Implementing ERM standards frameworks has several benefits, including improving focus perspective on risk. aids in developing leading indicators to detect potential risk events provide early warning signals. also incorporates key metrics measurements of improve reporting value analysis monitor possible changes vulnerabilities or likelihood. An facilitates efficient management (RM) process, allowing businesses manage efficiently across various departments through robust framework. This framework includes the related department’s team, working rules, operational tools, covering all types risks, financial, strategic, operational, accidental losses. The primary advantage its ability create systematic intentional process identifying addressing treating as exercise where liabilities are addressed part comprehensive rather than ad-hoc problem-solving. ISO 31000, NIST framework, COSO widely used enterprise risks. standard positive relationship with business performance.

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ژورنال

عنوان ژورنال: Journal of international business research and marketing

سال: 2023

ISSN: ['1849-8558', '2584-3222']

DOI: https://doi.org/10.18775/jibrm.1849-8558.2015.81.3002