(Mt) – I need response to the discussion post in 150 words in APA format

Discussion 1 (Devireddy) Enterprise Risk Management The risk management in a business comprises the process of identifying, developing strategy, assessing, which helps in managing risks. It is the crucial factor of a business that supports the business from imminent risk. At the time of the economic downturn, this management monitors the activity of the business, helps in identifying the risk and, issues, and makes a strategy to decrease these issues. But with the upsurging risk, it has become crucial to promote risk management (Queensland, 2017). By establishing ERM, the activity of performance and, progress can be monitored. This strategy has excellent stability for the analysis of risk. Also, the ERM provides the learning framework, which can help in reliability and, also provide an improved strategy for the performance evaluation of risk management. Risk Management enterprise has become crucial because its only effectiveness can help in better understanding the performance of the business. Check Alignment Check alignment in the performance help the business to grow. So, if any fault measures, then ERM helps to manage all the activities to balance the performance. Identifying Opportunities ERM dig deep to look at all the possibilities and, opportunities that can be beneficial for a business. Also, it checks all the chances for the risk that are hidden deep down. Examine Everything Innovative It helps to identify the risk, new regulations, acquisitions, compensation change, new programs, and many more. Consideration of Strategic Risk These kinds of risks are the massive risk for the business, which can kill the value of any performance. Examining the risk according to the dimension of the framework help to resolve these risk easily. The dimension of these risks is- Setting strategy risk, strategic alignment risk, and, the risk involved at the time of implementation of the strategy. Find Connections This ERM help to look at the side of resolving these issues. It is important to know when a risk can occur and is numerous risks arise at the same time and, if so, what is the connection between these risks (Walker, 2018). References Queensland, 2017. Risk Management. [Online] Available at: https://www.business.qld.gov.au/running-business/protecting-business/risk- management/surviving-downturn/risk-management [Accessed 04 october 2019]. Walker, P. L., 2018. ERM for a changing world. JOURNAL OF ACCOUNTANCY, 01 Feb. Discussion 2 (Maddala) Chapter 29 case study discuss the way of approach to managing risk that can be transformed and enhanced in a company. In this case study they discuss about the Akawani a mining company which has been recently acquired by an international company United Mineral. The risk management team at Akawani address the need of improvements in risk management process to the acquisition team. After the acquisition, United Minerals implemented framework for managing risk which is based ISO 31000. They did not identify critical controls during the monitoring process and, they are not assigned to any individuals. The annual audit at the company was no based-on outcomes of the risk assessment and not focused on critical controls. The recommended performance measures to monitor Akawini’s ERM progress and performance are, risk management policies and procedures are fundamental to influence behaviors, organizing different activities, d eveloping protocols for communication and risk reporting. Optimizing internal controlled frameworks is helpful for risk prevention and to eliminate replication and automate controls. When ever the new risk is identified that risk needs to be addressed in strategic and business planning discussions to identify the potential impacts, time to recover and risk likelihood. Being a medium-sized consulting firm, Bim Consultants is partnered with 30 individuals who owns most of the company’s shares. In their recent strategic planning meeting of the major partners, they made decision to continue focusing on customers and they are the top priority. It is very good if the company can introduce changes in aligning subsidiary culture can improve the performance. Discussion 3 (Shety) Akwani copper issue Akwani copper is generally a company mining the company which involve the revenues which involves the 774 million and they can operate with the single mine and where they can process through the single processing plant and they employ which is over 15000 employees and they have a formal albeit risk management type strategy which involves with company recently and kawaii copper which was acquired based on united minerals where they already have the implementation process which can transform the very basic risk of the management and this can outset for transforming the risk management strategies which were used by the akawani copper for highly monitoring and robust preferences which involve measures which are appropriate and they monitoring basis(Fraser, Simkins & Narvaez,2014). Performances measures for akwani ERM so the main goals are for having an erm strategy which has a higher value for the shareholders and has a perfect balance for the risk analysis and learning the framework which can provide effectively measures and balance which can help in learning the reliability which can help in providing a better strategy for the evaluation. it can help the considered for the sustainability for the measurements and the strategies which can help in measure and can help in ERM strategy which helps in evaluation for the Effective ERM strategy should help in integration for the strategic management for the strategic performance of management systems and the PMS so by the performance measures which can he;p in accessing the sorted ERM audit programs which can help in several mechanisms and those tools which monitor which can help progress for the strategy and help in the integration process with the management system for performance PMS so by using these ERM tools there can be several mechanisms which can help in providing a better framework for the ISO 31000 and this can help in providing better performance for monitoring the organizations and the organizations which are generally encouraged for the usage of the frameworks and the ISO 31000 for them which can help in mechanisms and the tools which can be able to ensure for effective monitoring and watching their performances. • Key indications including performance-so this tool which provides better analyzation for the ERM processes which include the focus for the ERM strategies and their identity • • • for the focus which can be based on the company and strategies where the identification and communications based risks and where effective process and their management for risks across the enterprise and help in processing the information which can be robust ERM infrastructures. Risk-based oversight- this involves the process where the structures and evaluation of the implementation program effectively and the implementation of their frameworks where they can have the performance problems in risk analysis which can be set according to the frameworks. Process- this involves the implementation of the ERM monitoring of the Akwini copper for the implementation process at all levels of their enterprise and this involves certain measures which can help in a good indication of the success of the ERM. Data measures- this involves the monitoring and determination for the values which can provide the risk assessment for the identification and functional process which involves with the formal ERM processing and they can help in accessing the functional values which are based on the mitigated process for these metrics which can provide a reasonable accessibility for the calculations which can affect the ERM. these are effective strategies for better communication and organizing the company and proving a better framework for the process. Recommendations for ERM and Risk analysis of nerds galore this is a Canadian service-oriented company which had steady growth for the homebased solutions and had their organization with more than 12 offices and huge employes of 1thousand so this had a initial the workforce which has small scale companies where they have their shift for focussing and have their medium-sized customers where they can have their satisfaction and ability for the retain process where the mid-level employees who have their serious problems which get included with the establishment of the turn around based recommendations and can have their global acceptance for their ERM frameworks which can include the ISO 31000 where they can help in utilization and the performance management tools which can help in describing the Akwani copper for monitoring their configurations and their performance aspects from their ERM Strategy. Reference • Fraser, J., Simkins, B., Narvaez, K. (2014). Implementing enterprise risk management: Case studies and best practices. John Wiley & Sons • COSO Framework Holding Strong – Getting a Polish. (2012, June 27). Retrieved from https://www.accountingweb.com/practice/practice-excellence/coso-framework-holdingstrong-getting-a-polish

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