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Enterprise Risk Management in a Nutshell
book

Enterprise Risk Management in a Nutshell

by Dennis Cox
October 2017
Beginner to intermediate
112 pages
2h 15m
English
Business Expert Press
Content preview from Enterprise Risk Management in a Nutshell

CHAPTER 2

The Role of Enterprise Risk Management

Enterprise risk management has, at its core, a simple concept, that is, that a business needs to at least understand all the risks that it is currently facing or is likely to face in the future. Some of these risks, it will be able to measure and manage; whereas others it will need to react to. Let us start with what is perhaps the normal summary of risks and consider how this leads to enterprise risk management. Generally, risks may be analyzed into the following categories:

  • Credit risk
  • Market risk
  • Liquidity risk
  • Operational risk
  • Strategic risk
  • Reputational risk

As soon as you start with any such analysis, you need to ensure that all of the risks that your firm faces are analyzed and classified ...

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Publisher Resources

ISBN: 9781947098459