ERM meaning in Business ?

Answer:

What is Enterprise Risk Management mean?

Enterprise risk management (ERM) in business includes the methods and processes used by organizations to manage risks and seize opportunities related to the achievement of their objectives. ERM provides a framework for risk management, which typically involves identifying particular events or circumstances relevant to the organization's objectives (threats and opportunities), assessing them in terms of likelihood and magnitude of impact, determining a response strategy, and monitoring process. By identifying and proactively addressing risks and opportunities, business enterprises protect and create value for their stakeholders, including owners, employees, customers, regulators, and society overall.

ERM can also be described as a risk-based approach to managing an enterprise, integrating concepts of internal control, the Sarbanes–Oxley Act, data protection and strategic planning. ERM is evolving to address the needs of various stakeholders, who want to understand the broad spectrum of risks facing complex organizations to ensure they are appropriately managed. Regulators and debt rating agencies have increased their scrutiny on the risk management processes of companies.

According to Thomas Stanton of Johns Hopkins University, the point of enterprise risk management is not to create more bureaucracy, but to facilitate discussion on what the really big risks are.

reference

Full Form	Category
Earth Resistance Meter	Academic & Science
Erechim	Airport Code
Electronic Relationship Management	Business
Enterprise Risk Management	Business
Euromoney Institutional Investor, PLC	Business
Emmerson Resources Ltd	Business
Enterprise Rights Management	Business
Electronic Refund Management	Business
Electronic Records Management	Business
Employee Relationship Management	Business
External Resource Members	Community
Educational Research Methodology	Community
Event Related Model	Community
Electronic Rodent Monitoring	Community
ETSI committee on EMC and Radio spectrum Matters	Computer and Networking
Erase Reserved Memory	Computer Assembly Language
Electromagnetic Compatibility and Radio Spectrum Matters	Computing
Enterprise Resource Manager	Computing
Electronic Resource Management	Computing
Entity Relationship Diagram Model	Computing
Electronic Report Management	Computing
e-Business Relationship Management	Computing
Enterprise Record Management	Computing
Enterprise Resource Management	Computing
Bitmap Graphics	File Type
Entity Relationship Diagram Model File (prosa)	File Type
Engineering Requirements Model	General
Epstein Rosenblum Maoz	General
extended Rasch modelling	General
Employer Reporting and Maintenance	General
Empirical Risk Minimization	General
Error Rectification Module	General
Encapsulated Remote Mirroring	General
Exchange Rate Misalignment	General
Extended Regression Model	General
Event Rider Masters	General
Eesti Rahva Muuseumis	General
Eccentric Rotating Mass	General
Emergency Response Management	General
Edward R Murrow	General
Edge Rate Male	General
Enterprise Risk	General
Electronic Roll Mitigation	General
Electrochromic Rearview Mirror	General
Elon Reeve Musk	General
Elastic Reservoir Molding	General
Effects Range Median	Governmental
Enterprise Refrigerant Management	Governmental
Environmental Resources Management	Governmental
En Route Metering	Governmental
ERNAKULAM MARSHALLIN	Indian Railway Station
Entity-Relationship Model	Information Technology
ERMenice	International
Epi-retinal membrane	Medical
Electronic Reserve Material	Military and Defence
Extended Range Missile	Military and Defence
Events Resourcing Model	Military and Defence
European Restructuring Monitor	Regional
European Reference Materials	Regional
Erechim, Rio Grande do Sul, Brazil	Regional
European Rate Mechanism	Regional
Enterprise Relationship Management	Softwares
Endfors Racing Motors	Sports
Exchange Rate Mechanism	Stock Exchange
Explicit Rate Marketing	Telecommunication