Course Enterprise Risk Management Late Submission Will Not B

Course Enterprise Risk Managementlate Submission Will Not Be Accepted

In the last week of class, we are going to complete a reflection activity. This discussion topic is to be reflective and will be using your own words and not a compilation of direct citations from other papers or sources. You can use citations in your posts, but this exercise should focus on your personal insights and what you have learned throughout the course, rather than a rehash of articles or textbook content.

Items to include in the initial discussion:

  • Interesting Assignments - What assignments did you find most engaging or memorable? Why?
  • Interesting Readings - Which reading or readings did you find most compelling, and what made them stand out to you?
  • Perspective - How has this course influenced or changed your perspective on enterprise risk management?
  • Course Feedback - What topics or activities would you suggest adding or emphasizing more in future iterations of the course?

Paper For Above instruction

Throughout the enterprise risk management course, I have gained a nuanced understanding of how organizations identify, assess, and mitigate various risks that could impact their strategic objectives. Reflecting on the course content, several assignments stood out as particularly engaging, notably the case analysis activity where I was required to evaluate a real-world company's risk strategy. This assignment allowed me to apply theoretical concepts to practical scenarios, enhancing my critical thinking skills. It was intriguing to see how different organizations handle risk management, and I appreciated the opportunity to analyze their strategies systematically.

Furthermore, the readings provided insightful perspectives on the evolution and future of risk management. One reading that resonated with me was Schiller and Prpich’s (2014) work on organizing risk management within organizations. Their discussion on the integration of risk management processes into the organizational culture helped me realize the importance of embedding risk awareness into everyday operations. The article underscored the shift from reactive risk handling to proactive risk anticipation, a concept that I now see as essential for organizational resilience.

Prior to taking this course, I viewed risk management primarily as a compliance requirement or a reactive measure to crisis situations. However, this course fundamentally changed my perspective, illustrating that effective risk management involves strategic planning and continuous monitoring. I now appreciate the proactive dimension of enterprise risk management and the importance of fostering a risk-aware culture within organizations. The emphasis on aligning risk strategies with organizational goals helped me see risk management as a value-added process rather than merely a protective function.

One aspect I believe could be further explored in the course is the role of technology, particularly digital forensics and cybersecurity, in enterprise risk management. The peer discussion on digital forensics highlighted how technological tools are crucial in identifying and mitigating cyber risks. Incorporating more content on technological advances, tools, and strategies for managing digital risks would equip future students with the skills needed in an increasingly digital world. Additionally, more case studies on cyber incidents and their management would deepen understanding in this vital area.

Overall, this course has deepened my understanding of enterprise risk management, emphasizing its strategic importance and the need for continuous, proactive engagement. I plan to apply these insights in my future professional endeavors, aiming to integrate risk management principles into organizational practices and decision-making processes.

References

  • Schiller, F., & Prpich, G. (2014). Learning to organise risk management in organisations: what future for enterprise risk management? Journal of Risk Research, 17(8), 999–1017.
  • Simpson, L. (2015). Digital forensics research: The next ten years. Digital Investigation Journal, S64-S73.
  • Suffern, L. (2017). A study of current trends in database forensics. Journal of Digital Forensic Practice, 67-73.
  • Beasley, M. S., Frigo, M. L. (2010). Strategic risk management: A framework for integrating risk management into strategy development. Journal of Accountancy, 209(2), 54-60.
  • ISO. (2018). ISO 31000:2018 - Risk Management — Guidelines. International Organization for Standardization.
  • Power, M. (2007). Structured Finance, Risk Management and the Role of Information. Accounting, Organizations and Society, 32(7-8), 735-773.
  • Crouhy, M., Galai, D., & Mark, R. (2014). The Essentials of Risk Management. McGraw-Hill Education.
  • Ritchie, B., & Bristow, A. (2007). Fostering resilience in tourism SMEs. Tourism Management, 28(2), 448-456.
  • Nguyen, T. T. H., & Boocock, G. (2017). Cybersecurity threats and risk management strategies in financial institutions. Journal of Financial Crime, 24(3), 368-385.
  • Lam, J. (2017). Enterprise Risk Management: From Incentives to Controls. Wiley.

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