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Enterprise risk management: Creating value in a volatile economy
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Risk is a reality of doing business. Whether large or small, public or private, domestic or international, companies today operate in a risk-filled world. In many cases, risk is necessary for long-term operational success; however, failure to control risk effectively can often lead to just the opposite, including damaged reputation, loss of profits, disruption in productivity or, in severe cases, the end of the entity altogether.
Although other priorities in running a business may