As more and more companies implement Enterprise Risk Management (ERM) programs, visionary companies are moving beyond risk avoiding and compliance to adopt the upside of risk. Many organizations believe that "manage risk" is just a way to avoid loss. But by taking a strategic view, leading corporations create competitive advantage.
Traditional ERM focuses on “probability x consequence” risks, yet most of the value impairment comes from the uncertainty in the value drivers of businesses. Value-Driven ERM is comprehensive and considers all uncertainty on a consistent basis so that management can recognize the key sources of risk and opportunity across the entire enterprise. With this perspective, management can embrace uncertainty, instead of eliminating risk, and manage exposure in a way that creates shareholder value and provides better decision making.
** Free webinar ** Available in: May 2013
Duration: 00:40:00 | Language:
English | Speaker: Tobias Schroeder
About | Tobias Schroeder SoftExpert’s Product & Market Manager of CPM/GRC Solutions
Expert in Business Management with a degree in Computer Science, holds certifications in risk management, Certified by the International HACCP Alliance, and performance management, with great participation in various projects on Balanced Scorecard Methodology in public and private companies, he has been working for seven years at SoftExpert as product and market analyst for CPM, GRC and ERM solutions.