Enterprise Risk Management.docx - Implementing Enterprise Risk Management(ERM ERM is the process of identifying and addressing potential events that

Enterprise Risk Management.docx - Implementing Enterprise...

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Implementing Enterprise Risk Management (ERM) ERM is the process of identifying and addressing potential events that represent risks to achieve strategic objectives through a methodology that can bring a positive competition. I agree with the introduction of ERM to Kilgore Custom Milling since, at the end of the long discussion and strategic plans by the management team, the five-year contract to supply plants in the U.S was successful. The need for currency to fit the business negotiation between Japanese manufacturers was also achieved since the Kilgore business was interested in the competitive prices despite the high demand from the Japanese manufacturers. According to my opinion, I will not change anything about the implemented ERM in this case study. This is because the proposed ERM deliver profitable move and they manage to acquire the contract with United State and Japanese manufacturers and competition on prices became the goal of the company. Implementation of ERM to my future organization will deeply
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  • Fall '16
  • Erysal

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