2024 | OriginalPaper | Chapter
2. Risk Management: ERM and Aspects of Its Implementation
Author : Herfried Kohl
Published in: Managing SMEs in Times of Rapid Change, Uncertainty, and Disruption
Publisher: Springer Nature Switzerland
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Key Topics in This Chapter: Mainly Qualitative
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Enterprise Risk Management (ERM): What is it and why is it important?
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ERM and the role of top management.
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Necessary input to ERM.
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How to organize ERM.
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Risk managers: Prerequisites, necessary skills, and capabilities.
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Implementing ERM: Project requirements and good practices.
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How the structure of the organization and the organization’s economic situation impact the ERM.
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Key risk indicators (KRIs) and risk appetite.
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Risk reporting.
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Documentation of the ERM.
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How to keep the ERM alive.
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Human factors and ERM.