Diane Kaern has experience at large, multinational companies such as Siemens. In addition to the provision of leadership and organizational skills, Diane Kaern specializes in business processes, cost reduction, and risk management.

1. THREATS ADDRESSED
THROUGH RISK
MANAGEMENT
Diane Kaern

2. Introduction
 Diane Kaern has experience at large, multinational companies such as
Siemens. In addition to the provision of leadership and organizational skills,
Diane Kaern specializes in business processes, cost reduction, and risk
management.
Risk management refers to the application of business practices, such as
research and analysis, preparation, avoidance, and assessment, to
minimize a firm's exposure to corporate risks. The ultimate goal of risk
management is to eliminate risks altogether.
In the corporate realm, risk management is often referred to as enterprise
risk management (ERM). Risks addressed by ERM are typically detailed in
a plan of action that is shared with investors and other stakeholders. To
mitigate risk, many firms hold various forms of insurance coverage. In
addition to risks associated with natural disasters, such as fires and
flooding, threats of lawsuits and other legal risks are addressed through
insurance holdings. Other external risks include operational threats related
to competitors, changes in technology, or consumer demands. Risks can
also be internal in nature, such as poor management or organizational
structure.