ERM as part of strategy process Enterprise Risk Management is a common method to increase the organisation’s awareness and readiness for unknown events related to the selected strategy. In this article, the key concepts and definitions for this good practice are reviewed, added with key process elements, benefits of ERM and some practical examples. Introduction
Welcome- Themes
- Introduction to forest-based bioeconomy
- Wood products
- Natural fibre products
- Man-made bio-based fibre products
- Bio-based nanomaterials
- Recycled fibre
- Pulping and biorefining
- Energy and biofuels
- Biomass chemistry and physiology
- Material testing and product properties
- Forests and other biomass resources
- Supply chain
- Process control and automation
- Asset management
- Business and investment planning
- Environmental control and management
- Learning paths
- Other resources
- Tools
- Contact
- Profile
ERM as part of strategy process
After reading this article you will..
- Understand the purpose, key elements and definitions of an ERM process
- Learn tools to evaluate and prioritise risks
- Consider different types of risks and risk categories
- Learn how different risks can be mitigated
Business and investment planning
- Investment project fundamentals
- Business and investment planning in the forest industry
- Conceptual phase
- Pre-feasibility phase
- Feasibility phase
- Organisational learning in investment projects
Authors & references
Author:
Antti Lindqvist
References:
- Committee of Sponsoring Organizations of the Treadway Commission (COSO), Enterprise Risk Management – Integrating with Strategy and Performance, Executive Summary, https://www.coso.org/Documents/2017-COSO-ERM-Integrating-with-Strategy-and-Performance-Executive-Summary.pdf [Visited 12.11,2019]
- Stora Enso Progress Book 2016, https://www.storaenso.com/-/media/Documents/Download-center/Documents/Annual-reports/2016/Progress_Book_2016_ENG.ashx [Visited 14.11.2019]
Videos
Exercises
This page has been updated 28.03.2022
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