What represents the key success factors of the ERM program at Mars Incorporated? What improvements would you make?
To complete this assignment, you must do the following:
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A) Create a new thread. As indicated above, describe in what ways the two organization’s approaches to ERM are similar. Also, explain how they differ. Choose one aspect of each ERM implementation from which the other organization would benefit and explain why.
B) Select AT LEAST 3 other students’ threads and post substantive comments on those threads, evaluating the pros and cons of that student’s recommendations. Your comments should extend the conversation started with the thread.
ALL original posts and comments must be substantive. (I’m looking for about a paragraph – not just “I agree.”)
NOTE: These discussions should be informal discussions, NOT research papers. If you MUST directly quote a resource, then cite it properly. However, I would much rather simply read your words.
Improvements that could be made to an ERM program could include regularly reviewing and updating the risk management framework to reflect changes in the organization’s environment, using data analytics to identify emerging risks, and incorporating risk management into the organization’s strategic planning process. Additionally, fostering a culture of risk awareness and accountability throughout the organization can be crucial …
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