Enterprise Risk Management $($ERM$)$ is a comprehensive and systematic approach used by organizations to identify, assess, prioritize, and manage risks that may impact the achievement of their objectives. It involves a coordinated effort across the entire organization to understand and address risks in a proactive and integrated manner. ERM begins with the identification of potential risks that could affect the organization's ability to achieve its strategic objectives. Risks can arise from various sources, including internal processes, external factors, strategic decisions, and regulatory changes.

Purpose:

The purpose of this assignment is to enable the students to enhance their knowledge of the importance of Enterprise Risks Management $($ERM$).$

Requirement:

ERM Case Study

Company X$,$ a multinational corporation operating in various industries, has implemented Enterprise Risk Management $($ERM$)$ strategies to navigate economic uncertainty and mitigate potential risks effectively. Company X operates in sectors such as manufacturing, retail, and technology, with a global footprint. The company encountered challenges due to economic volatility, including fluctuating demand, supply chain disruptions, and currency fluctuations. To safeguard its business operations and ensure resilience during uncertain economic conditions, Company X plans to adopt a proactive approach to ERM for the company$$s survival.