Description

About the Book

This edition is a well-designed ERM system ensures that all material risks are owned, and risk-return tradeoffs carefully evaluated, by operating managers and employees throughout the firm. The very first chapter deals with conceptual analysis of ERM in tradition and modernity and its implementation in various industries. The second chapter examines a key component of ERM i.e. ethical environment, objective setting, risk identification, assessment and response. Tools and techniques for managing enterprise risk is described in the third chapter. The fourth chapter explains the strategic implications of ERM and role of ERM in insurance companies is reviewed in the fifth chapter. This book will useful for all the professionals to maintain healthy and risk free environment in their enterprises. The facts and findings have been given in this edition is purely authenticated and tested by authors.

About the Authors

F.L. Bascunan is an Associate Professor of Management in Odette School of Business, University of Windsor. Her research interests integrate marketing, strategy, organizational behaviour and entrepreneurship. Her research is an intersection of different research fields, and she strongly believes there is a need of significant contribution in a cross-boundary knowledge-building approach. For example, entrepreneurial and marketing strategy literature is dominated by organizational level theory, and can be enriched by the integration of individual and interpersonal knowledge. Furthermore, she is interested in the management problem of how individual employees influence the successful development and implementation of a strategic orientation.

Monica Loss, a Professor of Management and Entrepreneurship in Yale School of Management, New Haven, specializes in competitive strategy, microeconomic theory, industrial organization, the economics of regulation and antitrust and non-profit strategy. She did her B.A. form Hofstra College in 1970 and Ph.D. from Harvard University in 1974. She is associated as a consultant with Boston Scientific, Health Care REIT, and several organisations. She has written several books and research papers on the regulation of business and competitive strategy.