Denetişim

Yazarlar: Maşuk Cahit UYSAL

Konular:İktisat

Anahtar Kelimeler:COSO Framework,ISO 31000 Standard,Enterprise Risk Management

Özet: Enterprise risk management (ERM) has emerged as the new paradigm in risk management with the goal of holistically managing all risks facing an organization. Yet organizations still manage risks in a piece-meal fashion and struggle to effectively implement ERM and manage complex strategic risks. Therefore, given the devastating changes in environmental factors and the dynamic nature of the sectors, organizations must stay up-to-date with new risks and monitor ERM processes constantly. Although the issue of ERM has been extensively researched in the literature, only a few studies have focused on the analysis of frames to highlight potential implementation problems. İn this study proposes a solution to this problem; ERM implementation using a system dynamics approach, which enables integrating risks in a causal modeling environment that includes feedback and delays. The methodology of implementation is described using the ISO 31000 Risk Management Standard and COSO ERM Framework updates. Users need to understand the extent of the changes and identify their potential impact on how their organization manages risk. The article aims to contribute to the widening of the knowledge on the subject by emphasizing the important managerial results. The concepts, approach and guidance outlined in this article provide useful information on the implementation of ERM processes. The study also includes various suggestions for continuous improvement efforts, evaluating opportunities for more connectivity, and integrating organizations’ ERM activities with strategy formulation and operational processes.

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