Integration of ERM with Strategic Planning

Author(s)	Varun Kumar Vishnoi
Country	India
Abstract	The integration of Enterprise Risk Management with strategic planning surfaces this paper because it focuses on this front as a framework that is to be used in the quest for institutional strengthening and performance enhancement of an organization. In today's fast-changing business environment characterized by volatility, uncertainty, complexity, and ambiguity, Enterprise Risk Management can provide a structured, holistic approach to risk management. This calls for the embedding of ERM in strategic decision making, so an organization is better prepared to face the uncertainties and align its risk appetite with long-term goals for sustainable growth. Relevant models have been discussed with concrete insights into overcoming problems posed by implementation, among others. In addition, this paper explores post-pandemic risk management where ERM is going to play a certain kind of role in recovery and resilience.
Keywords	ERM, Strategic Planning, Risk Management, Decision-Making, Organizational Resilience
Published In	Volume 5, Issue 5, September-October 2023
Published On	2023-10-25
Cite This	Integration of ERM with Strategic Planning - Varun Kumar Vishnoi - IJFMR Volume 5, Issue 5, September-October 2023.

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International Journal For Multidisciplinary Research