For many business owners and CFOs, risk management is not an enjoyable topic. So, how can Enterprise Risk Management (ERM) surge wealth? After all, a complex nomenclature like “Enterprise Risk Management” sounds like code for “spend more money.” However, the opposite is the case. Developing and executing a more mature risk management approach – described as ERM – will almost always increase the total wealth of a business and its owners, while better managing risks.
Over the years, entrepreneurial thinking has created tremendous wealth in the United States, fueled upward mobility, expanded the middle class and provided a standard of living that would have been unimaginable to America’s founders. This same entrepreneurial spirit Continue Reading