Integrate ERM to Establish Sustainable Competitive Advantage

 

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Risk is a four letter word that is normally associated with uncompensated loss exposure. Strategic risks, on the other hand, are compensated risks, meaning the expected upside returns from executing the strategy are regarded as sufficient to warrant taking on the risks inherent in the strategy.

In this Q&A, APQC's Mary Driscoll speaks with Jim DeLoach, a managing director with Protiviti Inc., about enterprise risk management (ERM) and the ways in which CEOs and board members can move beyond theory and develop actionable strategies.

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