According to COSO (https://www.coso.org) integrating enterprise risk management practices throughout an organization improves decision-making in governance, strategy, objective-setting, and day-to-day operations. It guides an organization to link strategy and business objectives to risk. By implementing this method, an organization can develop the means to provide the organization with a clear path to creating, preserving, and realizing sustained value. Every organization exists to provide value to its stakeholders. COSO has provided a basic conceptual structure of ideas to help find management a choice on how it can apply ERM to its organization.
Enterprise Risk Manage