Value of Enterprise Risk Management: Enterprise Risk Management helps organization identify and exploit strategic opportunities

Successful companies need a complete understanding of Enterprise Risk Management, which analyzes what risks to avoid and what risks to exploit. Companies must view risk as potential opportunity while also understanding there are possible undesirable outcomes.

The future success of companies will depend on the ability to weigh the expected risks versus rewards on an ongoing basis. By accepting and managing risk, companies have the ability to measure the likely reward for taking on some risk. They have the ability to maximize profit and increase shareholder value by limiting some risks and exploiting others. Therefore, the risk criteria and related risk profiles should be established to meet organizational strategic objectives, and they should be promulgated throughout organizations.

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