MEANING AND USAGE OF A CONCEPTUAL ENTERPRISE RISK MANAGEMENT FRAMEWORK – A CASE STUDY

Authors

  • Jan KOPIA Bucharest University of Economic Studies
  • Vanessa JUST Bucharest University of Economic Studies
  • Wiebke GELDMACHER Bucharest University of Economic Studies
  • Aykut BUßIAN

Keywords:

Enterprise Risk Management, ERM, Performance, Performance Measurement

Abstract

Enterprise Risk Management (ERM) includes processes and methodologies for organizations to manage companies’ risks. Due to an increase in the environmental complexity, a standardized approach of managing risks and opportunities is not only useful, but absolutely essential for business continuation – the way organizations deal with such risks is the key role for success and can be seen in the company’s overall performance. In a previous paper the authors suggested a model for ERM assessment. In order to proof this model, this paper presents a case study of a production company with a working ERM to evaluate the model, based on a real example.

The results demonstrate that a suggested model to assess ERM and its performance is practically useable by organizations and might be further extended in future studies.

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Additional Files

Published

30.05.2017

Issue

Vol. 6 No. 2 (2017)

Section

Management, Marketing and Business Administration

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