5242020 Originality Reporthttpsucumberlands.blackboar.docx

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SafeAssign Originality Report
Summer 2020 - Enterprise Risk Management (ITS-83… •
Assignment #2
%100Total Score: High risk
Nihang Pareshkumar Shah
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Running head: ERM 2
ERM 2
Assignment – 2 Nihang Shah
University of the Cumberland’s
05.24.2020
Question one
I do believe the fact that ERM plays a vital role by evolving
more so when the world is evolving. It can be stated that ERM
has been in the process of
expanding and ensuring that it has various visions and ideas. It
can be stated that through the use of ERM, one is able to come
up with various bugs
that will play a significant role in the oversight. As Felix
Kloman depicts in his section "A Brief History of Risk
Management," a considerable lot of
the ideas return an exceptionally prolonged stretch of time and a
significant number of the purported newfound procedures can be
referenced to
the previous works and practices portrayed by Kloman. In any
case, it is just from around the mid-1990s that the idea of giving
a name to overseeing
dangers in an all-encompassing manner over the many working
storehouses of an endeavour began to grab hold. During the
1990s, terms, for ex-
ample, incorporated risk the executives and enterprise-wide

chance administration were likewise utilized. Many idea
pioneers, for instance, the indi-
viduals who made ISO 31000, accept that the term risk the
executives is all that is expected to portray great risk the board;
in any case, numerous
others accept that the last term is regularly used to depict
chance administration at the lower dimensions of the
association and does not really
catch the ideas of big business level ways to deal with risk. As
ERM keeps on developing there is still much exchange and
perplexity over precisely
what it is and how it ought to be accomplished. Realize that it is
as yet advancing and may take a lot more years before it is
completely systematized
d li h d i li bl T th b t ld th i il f ti th t th i j t i l th d f d i ERM
(Li b b
1
2
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Source Matches (25)

essay 63%
and polished in a reliable manner. Truth be told, there is a grave
peril now of accepting that there is just a single method for
doing ERM (Liebenberg
& Hoyt, 2003). This is most likely an error by controllers who
have too anxiously held onto a portion of these ideas and are
attempting to force them
when the strategies are not completely comprehended, and now
and again the necessities are probably not going to deliver the
ideal outcomes. As
Fraser and Simkins (2010) noted in their first book on ERM:
“While administrative intrigue can compel ERM to the
organizations, to be progressed
nicely, it can turn into another exercise. “The main and most
usually agreed rule to all-encompassing danger the executives
are ISO 31000. In any
case, it ought to be referenced that in the United States the
“COSO 2004 Enterprise Risk Management-Integrated
Framework” has been the predomi-
nant structure used to date. Numerous associations are as of
now receiving either of these structures and after that redoing
them to their own
unique situation.
Question two Indeed. The connection among return and risk
resembles the different sides of a coin: the upside to a cave man
of effectively
chasing a mammoth is that he may nourish his family for a
month (i.e., the arrival), or he may get trampled by his potential
prey (i.e., the risk). He
could choose to concentrate on getting hares rather (i.e., littler
returns), with impressively diminished danger of getting
destroyed by such a prey.
The higher the arrival, the more noteworthy the risk, while

lower returns accompany less risk in a continuum that money
hypothesis names as the
proficient boondocks. There might be an intriguing parallel with
going out on a limb, basic leadership, guideline and the
financial framework. The
primary role of a bank, one could contend, is risk
intermediation. Pre-emergency, stacking up with risk (and
influence) was “something to be
thankful for” that produced out-sized returns for banks,
investors and obviously for the financiers themselves. Guideline
presently shapes prac-
tically every part of movement in a bank. While at the extreme
as a division, brokers are conviction not the only one in
confronting developing exam-
ination. Big pharma, oil and gas, human services, development,
the rundown goes on, are all in almost the same situation. So,
when officials and
chiefs in such enterprises are looked with an unpredictable
choice, what do they do? Ordinarily, they’ll go after the “rule
book”. What does my orga-
nization handbook/controller/procedure direct/corporate rule
instruct me? In the event that there is a response to be found in
such sources, chance
is it will exhort (or for sure immediate) the leader to take the
most secure, most preservationist and least dangerous way. This
might be reasonable
in specific conditions, especially in the event that you are
attempting to make a sheltered workplace post (or in a perfect
world pre) a noteworthy
mishap. However, imagine a scenario in which you are
attempting to discover development or create an arrival. Does
indiscriminately following the
standard book still bode well? So, the banks take the risk? The
short answer is yes. The any longer (and significantly more
intriguing) answer will be
based on which dangers they take, how well they oversee them

and how they explore the as yet advancing administrative
condition, contrasting by
market purview, developing in both substance and subtlety, and
only centered around urging banks to do precisely the inverse.
2
3
2
Question three
Most companies focus around high metrics that measure
advance toward accomplishing a company’s vision, mission, and
values. Likewise, we
need to make sure to quantify the significant results of long-
term company achievement instead of just estimating what is
anything but difficult to
gauge. Our measures ought to have the option to be evaluated as
far as quantity, quality, time, and cost. They likewise place that
there are 4 basic
key achievement measures and one aux measure that are all of
incredible worth. The 4 fundamental key measures are: 1.
Financial viability. Ex:
profits. 2. Customer fulfillment. Ex: performance on consumer
loyalty overviews. 3. Employee fulfillment. Ex: performance on
employee ful-
fillment overviews. 4. Contribution to society. Ex: number of
trees spared by creating paperless procedures. The one aux
measure is: 5) Key
operational outcomes. Eco: percent of hotel rooms were
occupied. Surely ERM must be good to examine risk in a
holistic, structured way, con-
sistent with a firm’s objectives. Good to look at all risks
together (not fully correlated, and hard to separate risk
types)Survey of US firms that had, in

2005, used ERM shown below measure Scope Measure Result
Appointing CRO US firms 1992-2003 Cumulative abnormal
return No effect using ERM
US insurers 1998-2005 Tobin’s Q +20% on value using ERM
US insurers 1992-2007 Stock volatility Profit per risk Reduces
by 12.3% Increases by
2%Using ERM US gen ins 2000-07 Tobin’s Q Reduces by
5%S&P ERM rating US insurers 2007 Tobin’s Q Positive to
ERM3 only or no effect (Saint-Onge
& Wallace, 2012). Question four
There are key things that can be determined in this case such as
coming up with various decisions that can traced back to the
sequence. The first
thing is to identify various alternatives through understanding
the company stakeholders and ensuring that everything is
delivered on time. The sec-
ond risk in this case is to come up with analysis of different
methodologies that will be sued and how one will conduct the
risk to an extent of getting
better results. Another risk is trying to come up with various
ways on how one can determine the performance through
various components. The
components have different functions that they play. The risk
assessment comes up with various management tools which are
used for managing
purposes. The other thing is coming up with the probability
which aids in coming up with a matrix which differentiates any
dangerous and come up
with an appropriate reaction (Fraser, Simkins & Narvaez, 2014).
References
Liebenberg, A. P., & Hoyt, R. E. (2003). The determinants of
enterprise risk management: Evidence from the appointment of
chief risk offi-

cers. Risk management and insurance review, 6(1), 37-52.
Fraser, J., Simkins, B., & Narvaez, K. (2014). Implementing
enterprise risk
management: Case studies and best practices. John Wiley &
Sons. Saint-Onge, H., & Wallace, D. (2012). Leveraging
communities of practice for
strategic advantage. Routledge.
2
2 2
2 2
2
4 5
6 5 7
8
1
Student paper
05.24.2020
Original source
[24-05-20]

Student paper 97%
Student paper 100%
Student paper 92%
Student paper 100%
Student paper 100%
2
Student paper
As Felix Kloman depicts in his sec-
tion "A Brief History of Risk Manage-
ment," a considerable lot of the
ideas return an exceptionally pro-
longed stretch of time and a signifi-
cant number of the purported new-
found procedures can be referenced
to the previous works and practices
portrayed by Kloman. In any case, it
is just from around the mid-1990s
that the idea of giving a name to
overseeing dangers in an all-encom-
passing manner over the many
working storehouses of an endeav-
our began to grab hold. During the
1990s, terms, for example, incorpo-
rated risk the executives and enter-
prise-wide chance administration
were likewise utilized.

Original source
As Felix Kloman depicts in his sec-
tion "A Brief History of Risk Manage-
ment," distributed in Fraser and
Simkins (2010), a considerable lot of
the ideas return an exceptionally
prolonged stretch of time and a sig-
nificant number of the purported
newfound procedures can be refer-
enced to the previous works and
practices portrayed by Kloman In
any case, it is just from around the
mid-1990s that the idea of giving a
name to overseeing dangers in an
all-encompassing manner over the
many working storehouses of an en-
deavor began to grab hold During
the 1990s, terms, for example, incor-
porated risk the executives and en-
terprise wide chance administration
were likewise utilized
2
Student paper
Many idea pioneers, for instance, the
individuals who made ISO 31000, ac-
cept that the term risk the execu-
tives is all that is expected to portray
great risk the board; in any case, nu-
merous others accept that the last
term is regularly used to depict
chance administration at the lower
dimensions of the association and

does not really catch the ideas of big
business level ways to deal with risk.
As ERM keeps on developing there is
still much exchange and perplexity
over precisely what it is and how it
ought to be accomplished. Realize
that it is as yet advancing and may
take a lot more years before it is
completely systematized and pol-
ished in a reliable manner.
Original source
Many idea pioneers, for instance, the
individuals who made ISO 31000, ac-
cept that the term risk the execu-
tives is all that is expected to portray
great risk the board in any case, nu-
merous others accept that the last
term is regularly used to depict
chance administration at the lower
dimensions of the association and
does not really catch the ideas of big
business level ways to deal with risk
As ERM keeps on developing there is
still much exchange and perplexity
over precisely what it is and how it
ought to be accomplished Realize
that it is as yet advancing and may
take a lot more years before it is
completely systematized and pol-
ished in a reliable manner
2
Student paper

Truth be told, there is a grave peril
now of accepting that there is just a
single method for doing ERM
(Liebenberg & Hoyt, 2003). This is
most likely an error by controllers
who have too anxiously held onto a
portion of these ideas and are at-
tempting to force them when the
strategies are not completely com-
prehended, and now and again the
necessities are probably not going to
deliver the ideal outcomes. As Fraser
and Simkins (2010) noted in their
first book on ERM: “While adminis-
trative intrigue can compel ERM to
the organizations, to be progressed
nicely, it can turn into another
exercise.
Original source
Truth be told, there is a grave peril
now of accepting that there is just a
single method for doing ERM This is
most likely an error by controllers
who have too anxiously held onto a
portion of these ideas and are at-
tempting to force them when the
strategies are not completely com-
prehended, and now and again the
necessities are probably not going to
deliver the ideal outcomes As Fraser
and Simkins (2010) noted in their
first book on ERM "While administra-
tive intrigue can compel ERM into or-

ganizations, if not progressed nicely,
it can turn into another case ticking
exercise that includes little value."
2
Student paper
“The main and most usually agreed
rule to all-encompassing danger the
executives are ISO 31000. In any
case, it ought to be referenced that
in the United States the “COSO 2004
Enterprise Risk Management-Inte-
grated Framework” has been the
predominant structure used to date.
Numerous associations are as of
now receiving either of these struc-
tures and after that redoing them to
their own unique situation.
Original source
The main and most usually agreed
rule to all-encompassing danger the
executives are ISO 31000 In any
case, it ought to be referenced that
in the United States the COSO 2004
Enterprise Risk Management-Inte-
grated Framework has been the pre-
dominant structure used to date Nu-
merous associations are as of now
receiving either of these structures
and after that redoing them to their
own unique situation

2
Student paper
The connection among return and
risk resembles the different sides of
a coin: the upside to a cave man of
effectively chasing a mammoth is
that he may nourish his family for a
month (i.e., the arrival), or he may
get trampled by his potential prey
(i.e., the risk). He could choose to
concentrate on getting hares rather
(i.e., littler returns), with impressively
diminished danger of getting de-
stroyed by such a prey. The higher
the arrival, the more noteworthy the
risk, while lower returns accompany
less risk in a continuum that money
hypothesis names as the proficient
boondocks.
Original source
The connection among return and
risk resembles the different sides of
a coin the upside to a cave man of
effectively chasing a mammoth is
that he may nourish his family for a
month (i.e., the arrival), or he may
get trampled by his potential prey
(i.e., the risk) He could choose to
concentrate on getting hares rather
(i.e., littler returns), with impressively
diminished danger of getting de-
stroyed by such a prey The higher

the arrival, the more noteworthy the
risk, while lower returns accompany
less risk in a continuum that money
hypothesis names as the proficient
boondocks
Student paper 100%
astischool 79%
Student paper 100%
Student paper 98%
Student paper 100%
Student paper 100%
Student paper 100%
Student paper 100%
Student paper 100%
2
Student paper

There might be an intriguing parallel
with going out on a limb, basic lead-
ership, guideline and the financial
framework. The primary role of a
bank, one could contend, is risk
intermediation.
Original source
There might be an intriguing parallel
with going out on a limb, basic lead-
ership, guideline and the financial
framework The primary role of a
bank, one could contend, is risk
intermediation
3
Student paper
Pre-emergency, stacking up with risk
(and influence) was “something to be
thankful for” that produced out-
sized returns for banks, investors
and obviously for the financiers
themselves.
Original source
Pre-emergency, stacking up with risk
(and influence) was “something to be
grateful for� that produced out-
sized returns for banks, buyers and
obviously intended for the bankers
themselves

2
Student paper
Guideline presently shapes practical-
ly every part of movement in a bank.
While at the extreme as a division,
brokers are conviction not the only
one in confronting developing exam-
ination. Big pharma, oil and gas, hu-
man services, development, the run-
down goes on, are all in almost the
same situation. So, when officials
and chiefs in such enterprises are
looked with an unpredictable choice,
what do they do?
Original source
Guideline presently shapes practical-
ly every part of movement in a bank
While at the extreme as a division,
brokers are conviction not the only
one in confronting developing exam-
ination Big pharma, oil and gas, hu-
man services, development, the run-
down goes on, are all in almost the
same situation So, when officials and
chiefs in such enterprises are looked
with an unpredictable choice, what
do they do
2
Student paper

Ordinarily, they’ll go after the “rule
book”. What does my organization
handbook/controller/procedure di-
rect/corporate rule instruct me? In
the event that there is a response to
be found in such sources, chance is
it will exhort (or for sure immediate)
the leader to take the most secure,
most preservationist and least dan-
gerous way. This might be reason-
able in specific conditions, especially
in the event that you are attempting
to make a sheltered workplace post
(or in a perfect world pre) a notewor-
thy mishap.
Original source
Ordinarily, they'll go after the "rule
book" What does my organization
handbook/controller/procedure di-
rect/corporate rule instruct me In
the event that there is a response to
be found in such sources, chance is
it will exhort (or for sure immediate)
the leader to take the most secure,
most preservationist and least dan-
gerous way This might be reason-
able in specific conditions, especially
in the event that you are attempting
to make a sheltered workplace post
(or in a perfect world pre) a notewor-
thy mishap
2

Student paper
However, imagine a scenario in
which you are attempting to discov-
er development or create an arrival.
Does indiscriminately following the
standard book still bode well? So,
the banks take the risk? The short
answer is yes.
Original source
However, imagine a scenario in
which you are attempting to discov-
er development or create an arrival
Does indiscriminately following the
standard book still bode well So, the
banks take the risk The short answer
is yes
2
Student paper
The any longer (and significantly
more intriguing) answer will be
based on which dangers they take,
how well they oversee them and
how they explore the as yet advanc-
ing administrative condition, con-
trasting by market purview, develop-
ing in both substance and subtlety,
and only centered around urging
banks to do precisely the inverse.
Original source

The any longer (and significantly
more intriguing) answer will be
based on which dangers they take,
how well they oversee them and
how they explore the as yet advanc-
ing administrative condition, con-
trasting by market purview, develop-
ing in both substance and subtlety,
and only centered around urging
banks to do precisely the inverse
2
Student paper
Most companies focus around high
metrics that measure advance to-
ward accomplishing a company’s vi-
sion, mission, and values. Likewise,
we need to make sure to quantify
the significant results of long-term
company achievement instead of
just estimating what is anything but
difficult to gauge. Our measures
ought to have the option to be eval-
uated as far as quantity, quality,
time, and cost. They likewise place
that there are 4 basic key achieve-
ment measures and one aux mea-
sure that are all of incredible worth.
Original source
Most companies focus around high
metrics that measure advance to-

ward accomplishing a company's vi-
sion, mission, and values Likewise,
we need to make sure to quantify
the significant results of long-term
company achievement instead of
just estimating what is anything but
difficult to gauge Our measures
ought to have the option to be eval-
uated as far as quantity, quality,
time, and cost They likewise place
that there are 4 basic key achieve-
ment measures and one aux mea-
sure that are all of incredible worth
2
Student paper
The 4 fundamental key measures
are:
Original source
The 4 fundamental key measures
are
2
Student paper
performance on consumer loyalty
overviews.
Original source
performance on consumer loyalty

overviews
Student paper 100%
Student paper 100%
Student paper 100%
Student paper 100%
ud 76%
odu 100%
ijbmi 92%
odu 78%
books-share 100%
firstclassessaywriters 100%
2
Student paper
performance on employee fulfill-
ment overviews.

Original source
performance on employee fulfill-
ment overviews
2
Student paper
Contribution to society.
Original source
Contribution to society
2
Student paper
number of trees spared by creating
paperless procedures. The one aux
measure is: 5) Key operational
outcomes.
Original source
number of trees spared by creating
paperless procedures The one aux
measure is 5) Key operational
outcomes
2
Student paper

percent of hotel rooms were occu-
pied. Surely ERM must be good to
examine risk in a holistic, structured
way, consistent with a firm’s
objectives.
Original source
percent of hotel rooms were occu-
pied Surely ERM must be good to ex-
amine risk in a holistic, structured
way, consistent with a firm’s
objectives
4
Student paper
P., & Hoyt, R.
Original source
Hoyt, and R
5
Student paper
The determinants of enterprise risk
management: Evidence from the ap-
pointment of chief risk officers.
Original source
The determinants of enterprise risk
management evidence from the ap-

pointment of chief risk officers
6
Student paper
Risk management and insurance re-
view, 6(1), 37-52.
Original source
Risk Management and Insurance Re-
view, 6, 37–52
5
Student paper
Fraser, J., Simkins, B., & Narvaez, K.
Original source
Fraser, J., Simkins, B
7
Student paper
Implementing enterprise risk
management:
Original source
Implementing Enterprise Risk
Management

8
Student paper
Case studies and best practices. John
Wiley & Sons.
Original source
Case Studies and Best Practices John
Wiley & Sons

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