Discussion and responses_1_ERM

Subject: Enterprise Risk Management

Chapter 6 presented the approach the LEGO Group used to implement ERM, and chapter 9 presented a discussion and case study on implementing ERM in a higher education environment. Please explain how ERM adoption and implementation in the higher education (HE) environment differs from the for-profit environment. Cite specific examples from this week’s readings.

To complete this assignment, you must do the following:

A) Create a new thread. As indicated above, explain how ERM adoption and implementation in the higher education (HE) environment differs from the for-profit environment. Cite specific examples from this week’s readings. In your explanation, discuss at least three points or aspects in which the implementing ERM in the two environments differ.
B) Select AT LEAST 3 other students’ threads and post substantive comments on those threads, evaluating the pros and cons of that student’s recommendations. Your comments should extend the conversation started with the thread.

Discussion should be around 500-600 words; APA format; check for plagiarism

ALL original posts and comments must be substantive. (I’m looking for about a paragraph – not just “I agree.”)

NOTE: These discussions should be informal discussions, NOT research papers. If you MUST directly quote a resource, then cite it properly. However, I would much rather simply read your words.

Required resources:

Fraser, J., Simkins, B., & Narvaez, K. (2014). Implementing enterprise risk management: Case studies and best practices. John Wiley & Sons.

Solution Preview

Topic 1 PSSY
In response to this, it is apparent that Enterprise Risk Management in an Organization involves, making control and planning all the goings-on to help curb all risks that can emanate from poor management of finances in the Organization. Basically, ERM involves making profound plans on how to utilize the finances and monitoring the activities that require cash flows in the Organization.

(432 words)