Rethinking the Building Blocks of the Enterprise Risk Management Model

2015 ◽  
Author(s):  
Alain Ndedi ◽  
Mau Kelly Kingsly
Keyword(s):  
Risk Management ◽  
Building Blocks ◽  
Enterprise Risk Management ◽  
Management Model ◽  
Enterprise Risk

Research of Wind Power Plant Risk Management Based on Bayesian Network

2014 ◽  
Vol 953-954 ◽  
pp. 587-590 ◽  
Author(s):  
Shuang Yang
Keyword(s):  
Risk Management ◽  
Power Plant ◽  
Wind Power ◽  
Reference Value ◽  
Enterprise Risk Management ◽  
Management Model ◽  
Wind Power Plant ◽  
Management Problem ◽  
Construction Enterprise ◽  
Enterprise Risk

This paper aims to put forward a wind power plant risk management model, using bayesian networks, not only suitable for the project risk management, also useful for subsequent projects. For other construction enterprise risk management problem has great reference value.

scholarly journals From Phishing To Advanced Persistent Threats: The Application Of Cybercrime Risk To The Enterprise Risk Management Model

2010 ◽  
Vol 14 (4) ◽  
Author(s):  
John W. Moore
Keyword(s):  
Risk Management ◽  
Financial Reporting ◽  
Internal Control ◽  
Enterprise Risk Management ◽  
Management Model ◽  
Material Weakness ◽  
Public Companies ◽  
Advanced Persistent Threats ◽  
Sarbanes Oxley ◽  
Enterprise Risk

This paper examines the issues of cybercrime in the context of risk to organizations.  In particular, it considers the control frameworks most commonly used by U.S. public companies to benchmark their internal controls over financial reporting.  It discusses the market for stolen identities, looking at the sources from which many of those identities are stolen.  It reviews the available internal control frameworks and explains how a firm’s risk of cybercrime might be classified as a material weakness under Sarbanes-Oxley Section 404.  It models how the use of COSO’s Enterprise Risk Management model could improve an organization’s chances of avoiding a serious incident.

A proposed enterprise risk management model for health organizations

2018 ◽  
Vol 22 (4) ◽  
pp. 513-531 ◽  
Author(s):  
Ana Paula Beck da Silva Etges ◽  
Joana Siqueira de Souza ◽  
Francisco José Kliemann Neto ◽  
Elaine Aparecida Felix
Keyword(s):  
Risk Management ◽  
Enterprise Risk Management ◽  
Management Model ◽  
Health Organizations ◽  
Enterprise Risk

The emerging importance of risk management and enterprise risk management strategies in the Indian hospitality industry

2019 ◽  
Vol 11 (4) ◽  
pp. 392-403 ◽  
Author(s):  
Madhu Vij
Keyword(s):  
Risk Management ◽  
Value Creation ◽  
Hospitality Industry ◽  
Enterprise Risk Management ◽  
Management Model ◽  
Content Type ◽  
Business Goals ◽  
Enterprise Risk ◽  
Hospitality Sector ◽  
Hospitality Managers

Purpose The purpose of this paper is to discuss the outlook for risk management and enterprise risk management (ERM) within the hospitality sector including how ERM is being balanced with the need to innovate, and what boards of directors are doing to become more engaged in risk oversight. The implementation of ERM is about taking a strategic view of risk and linking it to business goals and value creation. Design/methodology/approach An interviewer-administered survey was used to collect data from 33 senior risk professionals and other industry experts who had a clear understanding of both risk management and ERM. A structured and semi-structured questionnaire consisting of three sections was personally administered to 33 respondents in 2018 to collect information from risk professionals and other industry experts. Findings It is important to create a culture of risk awareness and to incorporate risk planning into business decisions. The complexity of modern business necessitates that managers in the hospitality sector have greater skill levels than ever before. This research should help hospitality managers to better understand the core risks and link them to strategy. ERM creates an environment where the organization as a whole can support the value creation process with a sharper focus on risk management. Practical implications The growing role of technology along with human connections is shaping the hospitality sector and redefining the travel ecosystem. Future travel experiences are likely to be influenced by a blend of technology and human experiences. Many Indian companies are applying the traditional risk management model in their businesses, while ERM is their future goal. The evolution from a traditional risk management model to ERM is challenging, and so it is important to have an appropriate framework in place for its implementation. Originality/value Hospitality managers need to know how to proactively manage risk management and ERM as the sector is increasingly vulnerable to internal risks. ERM creates a direct linkage between risks and opportunities required for decision-making in a dynamic environment. With growing competition on a global level, the hospitality industry should aim to manage risks strategically to increase the likelihood that organizational objectives can be achieved.

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