You are here

Conclusions

15 January, 2016 - 09:50

The main advantages that companies could obtain from Enterprise Risk Management were deeply investigated in the sections above. Anyway, this novel approach could present some difficulties, common to many businesses, related to the absence of a culture of strategic planning aimed at prevention rather than response, to a general lack of professionals and of appropriate tools capable to really integrate processes. But while complexity is becoming a part of the corporate governance system, absorbing a great amount of time and resources, the need for competitiveness requires a specific attention to performances and results. A new attitude of organizations towards risk-sensitive areas, able to ensure the coordination among all its components, helps to transform the management of risk from a cost factor to an added value. This business view, allows, with a little effort, to reduce the overall risk of the company and helps the dialogue among business functions and with the stakeholders.