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ENTERPRISE RISK MANAGEMENT (ERM)#1
A structured approach to managing risks across an organization, integrating risk assessment with corporate strategy.
GLOBAL RISKS#2
Challenges that transcend national boundaries, affecting multinational corporations and requiring comprehensive management strategies.
CULTURAL CONSIDERATIONS#3
Factors related to cultural differences that influence risk perception and management practices in diverse regions.
RISK MITIGATION#4
Strategies and actions taken to reduce the impact or likelihood of identified risks.
CORPORATE STRATEGY#5
The overarching plan that defines an organization's goals and how it will achieve them, including risk management alignment.
RISK IDENTIFICATION#6
The process of determining potential risks that could affect an organization’s objectives.
RISK ASSESSMENT#7
Evaluating the identified risks to understand their potential impact and likelihood, often using qualitative and quantitative methods.
CULTURAL DIMENSIONS THEORY#8
A framework for understanding cultural differences and their impact on behavior and decision-making in risk management.
SWOT ANALYSIS#9
A strategic planning tool that identifies strengths, weaknesses, opportunities, and threats related to an organization or project.
STAKEHOLDER ENGAGEMENT#10
Involving individuals or groups with a vested interest in the organization's risk management processes.
RISK GOVERNANCE#11
The framework for overseeing risk management practices, ensuring accountability and effective decision-making.
IMPLEMENTATION PLAN#12
A detailed strategy outlining how to execute risk mitigation measures, including timelines and responsibilities.
CASE STUDIES#13
Real-world examples used to illustrate effective risk management practices in multinational corporations.
KEY PERFORMANCE INDICATORS (KPIs)#14
Metrics used to evaluate the success of risk management strategies in achieving corporate objectives.
RISK COMMUNICATION#15
The process of sharing information about risks and risk management strategies with stakeholders.
FINAL REVIEW#16
The process of evaluating and refining the ERM framework before its implementation.
RISK REGISTER#17
A tool used to document identified risks, their assessment, and mitigation strategies.
EMERGING GLOBAL RISKS#18
New or evolving risks that have the potential to impact global operations, requiring proactive management.
CULTURAL IMPACT ASSESSMENT#19
An evaluation tool to identify how cultural factors influence risk management in specific regions.
RISK MITIGATION BEST PRACTICES#20
Proven strategies and techniques for effectively reducing risks in organizations.
RISK COMMUNICATION PLANS#21
Strategies for effectively conveying risk information to stakeholders to ensure clarity and understanding.
REFLECTIVE EXERCISES#22
Activities designed to encourage participants to reflect on their learning and apply insights to their work.
PRACTICAL ASSIGNMENTS#23
Hands-on projects that allow participants to apply course concepts in real-world scenarios.
SELF-ASSESSMENT#24
A method for participants to evaluate their own understanding and application of course material.
REGULATORY COMPLIANCE#25
Adhering to laws and regulations relevant to risk management practices and corporate governance.
RISK STRATEGY ALIGNMENT#26
Ensuring that risk management strategies are consistent with the organization’s overall goals and objectives.