Enterprise Risk Management Initiative, Poole College of Management, North Carolina State University

Providing Thought Leadership, Education and Training on the Subjects of Enterprise Risk Management

Business Case for ERM Articles

  • How Did BP’s Risk Management Lead to Failure?

    Recently, the news has been flooded with updates on the environmental impact of the BP oil spill on the gulf coast and the economic impact on businesses in the surrounding…

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  • Managing Uncertainty: Ten Considerations

    The downfall of companies during the recent economic crisis seemed endless and unbiased. When the business world went in search of the reason, everyone kept coming back to the same topic: risk. Organizations weren’t properly understanding and managing risks leading to unforeseen catastrophes and missed opportunities. This article focuses on ten skills that are essential during uncertainty.

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  • Balancing Risk Appetite and Strategy Execution

    Good risk management involves making informed and rational decisions considering the risks the company wants to take in pursuit of its objectives and regarding the measures used to mitigate and manage risks. This publication explores how companies can effectively define risk appetite, risk tolerance, and risk targets to execute strategies and perform effective risk management to gain a competitive advantage.

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  • Aligning Risk Appetite and Risk Exposure

    The devastating effects of the global credit crisis can be linked to the failure of organizations to embed risk management within the foundation of strategic and operational processes. Now, increased…

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  • Report on the Current State of Enterprise Risk Oversight: 2nd Edition

    This second edition report from the ERM Initiative at NC State University and the AICPA provides insight on how boards and senior management teams are responding the challenges of risk…

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  • Global Risks

    After the shock to the global financial system in 2008, global risks were brought to the forefront of risk discussions. Surprisingly, the risk landscape has not changed much. What has…

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  • Enterprise Risk Management:  Is it Relevant to Government?

    Regulatory agencies and investors alike have come to a consensus; they are demanding that corporations engage in a fundamental review of risk management processes and make necessary improvements to bring…

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  • Integrating Risks and Strategies to Foster Stakeholder Value Growth

    Every strategy that an organization undertakes in order to grow stakeholder value has risks and opportunities associated with it. There can be opportunity encompassed in a strategic plan that will…

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  • Risk Intelligent Governance: A Practical Guide for Boards

    A recent whitepaper issued by Deloitte LLP provides practical guidance for boards of directors to follow when enabling and executing “risk intelligent” governance. This whitepaper provides approaches to create value…

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  • The Future of Risk

    The current economic downturn has caused companies everywhere to question their risk management process and investigate ways to upgrade their risk management efforts. As risk complexity has increased, so too…

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  • S&P Issues Progress Report on ERM Integration into Credit Ratings

    Standard & Poor’s recently published a report detailing the focus of their discussions with rated companies regarding ERM and insights gleaned from these discussions to date. So far, ERM discussions…

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  • Determining the Value of ERM

    In the current economy, companies are under pressure to justify all major investments, including enterprise risk management (ERM). In this article, KPMG provides some common approaches for valuing ERM programs or ERM components. Placing a value on ERM can help companies realize the return of their investment through reduced costs, increased reputation, and improved decision-making.

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  • ERM in an Economic Downturn

    Risks are necessary for success, but the failure to manage those risks effectively often leads to a plethora of negative outcomes for an entity. In the current economic environment, it…

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  • Internal Audit’s Role in Managing Reputation Risk

    Reputational risks and corporate missteps are having more significant impacts on bottom lines and stakeholder perceptions of companies than ever before. Therefore, companies are recognizing the importance of reputational risk and placing a greater emphasis on reputational risk management. Internal audit departments can play a significant role in helping companies manage reputational risks through their advisory and monitoring efforts.

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  • Risk Preparedness

    Risk intelligence is a risk management philosophy focusing on the use of both risk avoidance and risk-taking to create value. While this article deals with risk intelligence, it focuses on…

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  • Balancing Enterprise Risk Management and Enterprise Performance Management

    Poorly planned and executed risk management capabilities contributed to the collapse, and they are likewise impeding the recovery as companies have shifted from taking too many risks to taking too…

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  • Reputation Management

    Reputation management is critical to organizations and it continues to grow more complicated. Companies in the past could earn reputations as good corporate citizens by making philanthropic contributions without significant…

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  • Getting Risk Appetite Right

    While the concept of a risk appetite framework is sound and can provide many benefits to organizations, many of these frameworks failed during the current crisis due to design and…

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  • Global Risk Management Survey

    Risk management today is becoming increasingly important to the marketplace because of the financial instabilities felt by all. This turbulent atmosphere in the marketplace since the early part of 2008…

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  • Companies Succeed During Downturn with ERM

    In the four-part series “Managing in a Downturn” produced by The Financial Times, Russell Walker comments on the place for enterprise risk management in the current economic environment. Walker uses…

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