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

Jan KOPIA, Vanessa JUST, Wiebke GELDMACHER, Aykut BUßIAN
2017 Ecoforum  
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
more » ... rder 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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