ERM Course Refelection
Assignment:
Provide a reflection of at least 500 words (or 2 pages double spaced) of how the knowledge, skills, or theories of this course have been applied, or could be applied, in a practical manner to your current work environment. If you are not currently working, share times when you have or could observe these theories and knowledge could be applied to an employment opportunity in your field of study.
Requirements:
Provide a 500 word (or 2 pages double spaced) minimum reflection.
Use of proper APA formatting and citations. If supporting evidence from outside resources is used those must be properly cited.
Share a personal connection that identifies specific knowledge and theories from this course.
Demonstrate a connection to your current work environment. If you are not employed, demonstrate a connection to you desired work environment.
You should NOT, provide an overview of the assignments assigned in the course. The assignment asks that you reflect how the knowledge and skills obtained through meeting course objectives were applied or could be applied in the workplace.
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Solution Preview
Introduction
It is evident that management of risks in Organizations and Companies is very crucial and vital in determining the success and growth of these Organizations. Ultimately, when an Organization has sound and proper culture that manages risk, the employees and other team members within the Organization manage to exploit all the available opportunities, and mitigate all the latent risks in the market. As such, Enterprise Risk Management is crucial and vital when it comes to the success of every Organization in the market. Apparently, the use of Enterprise Risk Management enables the managers and other stakeholders in the Company to make sound and timely decisions. To this extent, therefore, this paper seeks, to discuss and explore how Enterprise Risk Management is used in Organizations to promote growth and success of these Organizations and Businesses.
(698 words)