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Unformatted text preview: opportunities, and reputation/goodwill loss. Risk management is the study of tools and techniques to handle these risks or uncertain losses. Risk management involves the systematic identification of exposures to loss, selecting among various alternatives to manage or finance losses and implementing those decisions. The recent evolution of Enterprise Risk Management (ERM) has elevated risk management to the strategic level in many firms. Chief Risk Officers are now becoming RMI 2101 Syllabus Fall 2011 Page 1 of 2 common in large organizations. These recent strategic level developments highlight the growing importance of risk management and ERM in the business environment. RMI 2101 Syllabus Fall 2011 Page 2 of 2...
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- Spring '07