Risk management response
Hello Phani Sasidhar
Risk management is an essential venture in every organization. Risk is encountered in the daily activities of every organization (Lončarski, 2016). Enterprise Risk Management is a proposed procedure of managing the risk that organizations face in their daily activities. ERM was applied in Astro in managing it oversees and other vital investments. The application of ERM to the organization’s system is intended to manage all its finances effectively. Astro holds some of the critical factors of production in the Malaysian economy, which puts it in a condition of adopting an enterprise risk management plan (Dionne, 2013). Astro oversees limited combine’s information from the risk profile and financial performance of each investment and reflects the return on the dashboard together with all other investments in a portfolio to make better risk investment decisions.
References
Dionne, G. (2013). Risk Management: History, Definition, and Critique. Risk Management and Insurance Review, 16(2), 147-166.: 10.1111/rmir.12016
Lončarski, I. (2016). Risk Management (2016). Risk Management, 18(1), 1-3.: 10.1057/rm.2016.2