Initial Post 3 Your post reminds me of the importance of ERM systems and how

Initial post 3 your post reminds me of the importance

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Initial Post 3 Your post reminds me of the importance of ERM systems and how they can transform IHLs. In my opinion, ERM would improve service delivery in schools. It will improve efficiency and clarity of what is important. Many IHLs, as Lundquist explains, pursue many competing goals and end up losing the bigger picture (Fraser, Simkins & Narvaez, 2014, p. 145). While the benefits of ERM are undisputable, many IHLs are yet to implement ERM systems. Why do you think this is happening? According to the text, implementing ERM system in IHLs is not as easy as implementing them in the corporate world. Lundquist identifies several reasons for this phenomenon. First, IHLs and for-profit organizations are organizationally and culturally different (p. 145). The processes, systems, and strictures of accountability used in ERM systems in other organizations are not always applicable in IHLs (p.145). For example, many IHLs lack the metrics needed to assess progress and accountability yet such metrics are very crucial in implementing ERM systems (p.145). There are also leadership differences that hinder the implementation of ERM in IHLs. Given the potential of ERM in IHLs, do you think it is high time that these institutions adopted a corporate approach to leadership and management to enable the implementation of ERM?
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ENTERPRISE RISK MANAGEMENT 4 Reference Fraser, J., Simkins, B., & Narvaez, K. (2014). Implementing enterprise risk management: Case studies and best practices. John Wiley & Sons.
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