Categories: Infographic

Why Every Business Needs To Incorporate Enterprise Risk Management [INFOGRAPHIC]

Businesses take risks with the hope of a positive outcome in the end. But sometimes, the venture backfires, and the organization encounters losses. Enterprise risk management (ERM) leverages resources to ensure the company maximizes profits and minimizes losses.

Typically, the ERM guides decision-making, ensuring the business takes well-calculated and planned risks that align with the organization’s goals, mission, vision, and objectives. Taking business risks requires a holistic approach. That means an Enterprise risk management strategy that fosters growth should use a blend of internal controls, corporate governance, third-party providers, and risk management processes, essentially involving every business stakeholder.

Source: Why Every Business Needs to Incorporate Enterprise Risk Management

Sameer
Sameer is a writer, entrepreneur and investor. He is passionate about inspiring entrepreneurs and women in business, telling great startup stories, providing readers with actionable insights on startup fundraising, startup marketing and startup non-obviousnesses and generally ranting on things that he thinks should be ranting about all while hoping to impress upon them to bet on themselves (as entrepreneurs) and bet on others (as investors or potential board members or executives or managers) who are really betting on themselves but need the motivation of someone else’s endorsement to get there. Sameer is a writer, entrepreneur and investor. He is passionate about inspiring entrepreneurs and women in business, telling great startup stories, providing readers with actionable insights on startup fundraising, startup marketing and startup non-obviousnesses and generally ranting on things that he thinks should be ranting about all while hoping to impress upon them to bet on themselves (as entrepreneurs) and bet on others (as investors or potential board members or executives or managers) who are really betting on themselves but need the motivation of someone else’s endorsement to get there.

Recent Posts

How To Access IonQ Quantum Computers On The Cloud

Quantum computing has gone from the research stage to the stage of practical experimentation via the cloud. For example, IonQ…

5 hours ago

Online Casino Singapore 2026: How to Choose a Safe & Trusted Casino Site

Introduction: The online casino scene in Singapore has grown dramatically in recent years, and in 2026, it continues to be…

6 hours ago

What Most Australians Overlook About Their Rights

Understanding your rights is critical when navigating any legal issue. Yet, many Australians either underestimate the scope of their protections…

10 hours ago

Fleet Tracking as a Tool for Smarter Workforce Management

Flexible labour in the industries that rely on fleets has been traditionally based on timetables, numbers of personnel, and their…

11 hours ago

How Boom Gates Help Secure High-Risk Zones

Securing high-risk zones, such as construction sites, mining operations, public infrastructure facilities, and logistics depots, requires more than just surveillance.…

12 hours ago

Thermoforming Innovations Shaping the Future of Manufacturing

Key Takeaways: With the evolution of thermoforming innovations, manufacturers have achieved higher levels of efficiency, accuracy, and eco-friendliness, transforming the…

12 hours ago