Business risk usually occurs in one of four ways: strategic risk, compliance risk, operational risk, and reputational risk. Strategic risk arises when a business does not operate according to its ...

Enterprise Risk Management lecturer Penny Cagan shares the evolution of the field of operational risk and dispels some of its most common misconceptions.

The COSO enterprise risk management framework identifies five core components that define ... core business processes. The primary purpose of ERP systems is to streamline operations across finance ...

operational risk has the shortest history, with the industry beginning to give it serious consideration only 25 years ago. In that time, the industry has made great strides in both the definition and ...

Introduction In the business world, operational resilience can be compared to the physical concept of resilience, which ...

Schmidt, William, and Ananth Raman. "Operational Disruptions, Firm Risk, and Control Systems." Manufacturing & Service Operations Management 24, no. 1 (January ...