The requirement for presentation:(need in 4hrs) slide1: ERM at Mars and UC slide2:ERM in industry and academia slide3:Measuring and Selecting an ERM Framework slide 4:Special Rick Management Topic slide 5 :conclusion below is the content for doing a presentation 1. ERM at Mars and UC Two different organizations can approach similar to the ERM due to some common benefit or some common purpose suppose we have following two organization the ERM at Mars incorporated and ERM in practice at the University of California Health The system both the approaches are used to spread and include the process in business units and other units. The developments in these growths of this program caused working with the professionals to address the business units. Ways the two organization’s approaches to ERM differ Two different organizations can approach in a different way to ERM because it has different purposes and different advantages which vary from field to field (WARNER, LARRY, 2015). Suppose we have following two different organizations that approach differently the ERM at Mars can be migrated to the non-family management i.e., it can apply to other areas/platforms different from professional organizations, while ERM at UC focuses on the enterprise risk analysis, audits, monitoring and report generation. ERM at Mars uses simple technology in framework building like word, excel and some tools. Whereas ERM at UC focuses on complex technologies for the building of the framework. One aspect of each ERM implementation from which the other organization would benefit For any organization implementing Enterprise Risk Management is a key, initially, an organization has to know about the fundamentals i.e. scope and tools that accommodate the ERM implementation plan. To implement ERM getting essentials right up to an organization explicit ERM system that unmistakably and quantifiably characterizes what ERM will mean for the organization and utilizing that structure to build up an ERM execution plan that is explicitly for accomplishment in the organization. Enterprise Risk Management (ERM) mainly involves six fundamentals. Identify Analyze Control Transfer Reduce Assess Most Organizations have faith in big business change administration like ERM. In many cases, many have been baffled by execution issues at this point, caused ERM to miss the mark regarding its potential. Before starting ERM they have to do solid back end work to implement. What advantages can an organization acknowledge through ERM Organizations that comprehend their dangers have a more noteworthy capacity to anticipate or respond to occasions that can affect objectives and targets. Eventually, this can convert into less unpredictability and an aggressive edge. A decent handle of hazard can likewise open up an organization's viewpoint on circumstances it might need to seek after. ERM empowers the board and the board to have an increasingly steady perspective of a way .

1. The requirement for presentation:(need in 4hrs)
slide1:
ERM at Mars and UC
slide2:ERM in industry and academia
slide3:Measuring and Selecting an ERM Framework
slide 4:Special Rick Management Topic
slide 5 :conclusion
below is the content for doing a presentation
1. ERM at Mars and UC
Two different organizations can approach similar to the ERM
due to some common benefit or some common purpose suppose
we have following two organization the ERM at Mars
incorporated and ERM in practice at the University of
California Health The system both the approaches are used to
spread and include the process in business units and other units.
The developments in these growths of this program caused
working with the professionals to address the business units.
Ways the two organization’s approaches to ERM differ

2. Two different organizations can approach in a different way to
ERM because it has different purposes and different advantages
which vary from field to field (WARNER, LARRY, 2015).
Suppose we have following two different organizations that
approach differently the ERM at Mars can be migrated to the
non-family management i.e., it can apply to other
areas/platforms different from professional organizations, while
ERM at UC focuses on the enterprise risk analysis, audits,
monitoring and report generation. ERM at Mars uses simple
technology in framework building like word, excel and some
tools. Whereas ERM at UC focuses on complex technologies for
the building of the framework.
One aspect of each ERM implementation from which the other
organization would benefit
For any organization implementing Enterprise Risk Management
is a key, initially, an organization has to know about the
fundamentals i.e. scope and tools that accommodate the ERM
implementation plan. To implement ERM getting essentials
right up to an organization explicit ERM system that
unmistakably and quantifiably characterizes what ERM will
mean for the organization and utilizing that structure to build up
an ERM execution plan that is explicitly for accomplishment in
the organization.
Enterprise Risk Management (ERM) mainly involves six
fundamentals.
Identify
Analyze
Control

3. Transfer
Reduce
Assess
Most Organizations have faith in big business change
administration like ERM. In many cases, many have been
baffled by execution issues at this point, caused ERM to miss
the mark regarding its potential. Before starting ERM they have
to do solid back end work to implement.
What advantages can an organization acknowledge through
ERM
Organizations that comprehend their dangers have a more
noteworthy capacity to anticipate or respond to occasions that
can affect objectives and targets. Eventually, this can convert
into less unpredictability and an aggressive edge. A decent
handle of hazard can likewise open up an organization's
viewpoint on circumstances it might need to seek after.
ERM empowers the board and the board to have an increasingly
steady perspective of a way to deal with hazards. The
executives and the board frequently have alternate points of
view on an organization's most critical dangers, for example,
ramifications of a catastrophe or a business disturbance.
Regularly, an organization's capacity to react isn't really
comprehended until an occasion, for example, a tornado or
tremor happens. Taking into account that 50 percent of
organizations encountering a noteworthy interruption or
catastrophe is bankrupt inside five years, an organization's
readiness can have a significant effect.

4. In 2010, Mars received the Corporate Executive Board’s “Force
of Ideas Award” for ERM because.
They have implemented excellent principles.
The ERM group connected with and directed intermittent
studies of the specialty units, the blemish's supervisory
crew, and the blemishes board counselors.
The procedure to be a decent identifier of ability and an
open door for a partner advancement for the business.
They concentrated on advancement and not transformation.
Therefore, the program had a ceaseless enhancement
process.
Adaptability and not unbending nature added to the
program's outcomes. By helping units in building up the
workshop and refreshing procedures that best addressed their
issues, the program had an interest in administrations instead of
a push. Besides, a large number of the development of the
program director came about because of unit demands.
.
2. ERM in industry and academia
ERM refers to the term Enterprise risk management. This term
refers to the act of focusing on the methods and processes being
used by the organization to manage the risks which the
organization might encounter in the future and to gain
opportunities available in the surrounding environment, which
might give an advantage to the organization. A higher education

5. environment is the one which focuses on the learning of the
individuals associated with the organization. They try to
improve their skills and making the organization more efficient
(Revamping ERM 2019). On the other hand, a for-profit
environment is the one, which focuses on the development of
profit for the organization regardless of the skills of the
employees. Several factors are placing pressure on the
implementation of ERM in Higher Education. These can be
listed as
Fierce competition for faculty, students, staff, and financial
resources.
Pressure for increased productivity, responsiveness, and
accountability while reducing costs.
Increased external scrutiny from government, the public,
governing boards, journalists, and taxpayers’ rights groups.
On the other hand, ERM has the following benefits in the
Higher Education environment.
Sustain its competitive advantage
Solidify its integrity and reputation
Respond effectively when a significant event occurs
Avoid financial surprises
3. Measuring and Selecting an ERM Framework

6. Presented in 2009 and refreshed in 2018, ISO 31000 considers
chances as vulnerabilities that affect the targets set by an
association. The methodology in this system is Qualitative and
quantitative and pursues top-down examination. The reason for
existing is completely in relieving dangers when executing a
choice. Its essential objective is to guarantee esteem creation
with regards to chance administration. Consequently, in this
structure procedures of organizations become some portion of
the master plan and emphasis is fundamental. Then again, PM2
hazard scorecard-put together structure is engaged with respect
to inner control, chance administration, and extortion
discouragement. Lining up with the COSO Framework it
considers a danger the board approach for inside controls (THE
NEW ISO 31000 KEEPS RISK MANAGEMENT
SIMPLE,2018). It requests budgetary revealing, inner
announcing and spotlights on five key issues of consistency,
procedure, and setting of goals just as execution, trailed by
audit and correction. Correspondence is insistently upheld by
method for inward and outside partners.
When looking at both the strategies clearly chances the board as
observed by ISO 3100 is by characterizing the extension,
hazard, and motivation behind overseeing such chances. Plan
component just expresses the potential procedures embraced.
Then again, the chance scoreboard is progressively organized. It
recognizes in a precise way. All the more normally utilized
system for ERM in undertakings is ISO 31000, even as different
structures utilized habitually in money related hazard the board
in associations. ERM Framework's essential center is the
decrease of dangers, evasion, acknowledgment just as sharing of
dangers in its unique organization. Be that as it may, with
customary updates to the structure, the attention is on hazard
decrease, by including staggered ideas, for example, connecting
goals with hierarchical parts.
4.Special Rick Management Topic

7. we will be comparing the two problems being faced by the two
organization, such that the Kilgore is facing the following
problems in managing financial risk with derivatives involves a
series of choices and trade-offs, as this case illustrates. There
are various challenges, in this case, starting with the knowledge
and ability of the executive team to understand and deal with
any solution they might come up with. Additionally, the choice
of the hedging strategy will interact with the profitability of the
contract and of the company itself. Since the choice of the
hedging strategy impacts the overall objectives of the company,
management of the hedging strategy will by necessity become a
significant component of the enterprise risk management system
that the company utilizes.
While on the other hand, Blue Wood chocolates are facing the
following problems as nobody can predict the future, and Blue
Wood may well continue to muddle along successfully for some
time to come. On the other hand, its situation could be
described as a crash waiting to happen. Blue Wood would carry
on being unable to explain volatility in results. If nothing
changes, the company is likely to continue to show volatility
and unpredictability in reported results and cash flows and
would be unable to explain the underlying reasons. The banks
would probably follow through on imposing higher interest
margins on their loans as well as tighter covenant restrictions
on the business. Credit lines may be cut back and the company
may have limited or no access to other sources of finance,
which, at the very least, would be expensive and subject to
strict and limiting conditions on the company. The business
would be subject to possible adverse shocks in cash flows and
hence in its continuing ability to finance operations and other
commitments. The fact that the two cocoa purchasers are each
pursuing their own strategies in isolation, including entering
futures and options contracts and supply agreements, opens up
the company to significant risks. By doing this, the cocoa

8. purchasers could unknowingly be doubling up on price and
currency exposures and committing to unneeded quantities.
Both these companies named Blue Wood Chocolates and
Kilgore Custom Milling are facing issues regarding the risks
being faced by the organizations. Difference between the two
organizations being that they both facing these issues in
different departments. Blue wood chocolates facing these issues
in the overall management of the department while on the other
hand Kilgore Custom Milling facing these issues in the financial
department hence for both these companies, different
department will be provided the opportunity to make the risk
management documentation. For Blue Wood chocolate a person
having a clear view of all the departments working in the
organization should be the head of the task while for the
Kilgore Custom Milling a person from the financial department
should be appointed the head to make the risk management
documentation. A chief risk officer for both the organization
will be a good option as any project without a head faces a lot
of problems during the execution. Hence a Chief Risk Officer
will be the one solving any clashes being faced by the company
or the organization. This chief risk Officer should be reporting
to an individual above it, such as CEO of the organization as a
person reporting to any individual below its post always
produces clashes. In a smaller organization, with the lack of the
resources to appoint a dedicated CRO, such organization
appoint a person who can work extra on the project, while
handling his own duties. The role of the board in such a process
will be to make sure that the task is being done properly.
Blue Wood organization can more briefly be explained as Given
Blue Wood’s dysfunctional state of governance and
management, it would seem that a strong individual would be
required for the role—one who is able to communicate ideas
forcefully to an audience that would be hostile in some cases
and skeptical in others. He or she would need to be persuasive

9. at all levels and abilities to achieve buy-in from the top down
for the purposes, objectives, and practices of ERM. Buy-in must
include the chief executive and the Board. In the case of Blue
Wood, it could be argued that a dedicated CRO is needed, at
least initially, and he or she should report to the CEO and have
access to the Board. The task is great and quite daunting,
involving a major change in attitudes as well as practices, so the
CRO would also need to be delegated a significant level of
authority and support.
Similarly, for Kilgore, it is necessary that a basic SWOT
analysis shows that Kilgore needs to make sure that the
exchange rate volatility does not change a profitable contract
into a losing proposition. Swings in the Canada/United States
exchange rate have been approximately in the range of 0.60 to
over 1.00. Although the Canadian dollar has traditionally not
risen significantly above par with the American dollar, a similar
change would likely transform the contract into a losing
proposition for Kilgore.