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Meaning And Usage Of A Conceptual Enterprise Risk Management Framework €“ A Case Study

Author

Listed:
  • Jan KOPIA,

    (Bucharest University of Economic Studies)

  • Vanessa JUST,

    (Bucharest University of Economic Studies Author-Name :Wiebke GELDMACHER,
    Bucharest University of Economic Studies Author-Name :Aykut BUßIAN
    Bucharest University of Economic Studies)

Abstract

Enterprise Risk Management (ERM) includes processes and methodologies for organizations to manage companies’ risks. Due to an increase in the environmental complexity, a standardized approach of managing risks and opportunities is not only useful, but absolutely essential for business continuation – the way organizations deal with such risks is the key role for success and can be seen in the company’s overall performance. In a previous paper the authors suggested a model for ERM assessment. In order to proof this model, this paper presents a case study of a production company with a working ERM to evaluate the model, based on a real example. The results demonstrate that a suggested model to assess ERM and its performance is practically useable by organizations and might be further extended in future studies.

Suggested Citation

  • Jan KOPIA, & Vanessa JUST,, 2017. "Meaning And Usage Of A Conceptual Enterprise Risk Management Framework €“ A Case Study," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 6(2), pages 1-11, July.
    • Handle: RePEc:scm:ecofrm:v:6:y:2017:i:2:p:11
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    References listed on IDEAS

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