ENTERPRISE RISK MANAGEMENT- A WAY FOR BUSINESS DEVELOPMENT

Abstract

Based in previous experiences and knowing the environments where the businesses are developing their activities, it is urgent to identify
the risks of their activities in future. In this paper we will clarify the risk in businesses and their impact in the enterprises; this is applicable
for small, medium and large enterprises. Every activity has to be rolled and every step in business management is exposed to the risks of
every kind. This has to be identified and quantified by their role as threat, uncertainty, loss, that will bring the enterprises to the unlikely
situation in the future. Critical challenges for enterprise managements is to determine how much risk the entity is prepared to and does
accept as it strives to create value. This report will better enable them to meet this challenge. The target of this paper is to define
enterprise risk management, their objective, list the risks and give the model for management of the risks in the business and in the
conclusion to synthesize the results of research.