ERM can be used to predict and offset the risks associated with strategic business decisions.
CEOs should reassess how well their companies are taking care of the basis of enterprise risk management (ERM). Integration of ERM into strategic planning is crucial to making the right investment decisions. It may be that integration of ERM into strategic planning is considered advanced, but implementation of an organization-wide risk vocabulary is part of the basics. Many CEOs may find their organizations are not as far along the road to truly integrating risk management as they would like.