The Evolution of Enterprise Risk Management

The evolution of enterprise risk management is rooted in the shift of attitudes surrounding it. That shift in attitude came from organizations that, in the past, dismissed the idea of risk management. Now, more and more companies are starting to see the light. Recognition of the importance of risk management is one of the major things that set the tide.

It used to be that risk managers were regarded as the naysayers in a group, the killjoys, the ones who always stood in the way of innovation. These days, that is no longer the case.

As companies now begin to incorporate risk-based approaches into their business strategies, greater importance is being placed on risk management planning. There is now a whole slew of departments and teams that study how risks can drive growth and opportunity for companies, how to identify risks, how to pull off near misses so risks that have a negative impact on a company