What are the components of a good ERM process?

Assignment Details (2-3 pages)
For this assignment, make the case for using an Enterprise Risk Management (ERM) process approach to managing risk in a health care organization and why adopting a culture-focused ERM process is essential to risk management in health care organizations.
Consider all of the following in your argument:

  • What is ERM?
  • How does ERM reduce risk?
  • What are the components of a good ERM process?
  • Who is responsible for the ERM process?
  • Why do health care organizations benefit from an ERM process?

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