CRITICAL SUCCESS FACTORS IN ENTERPRISE RISK MANAGEMENT

Authors

DOI:

https://doi.org/10.14456/jmu.2015.12

Keywords:

ความเสี่ยง, ระบบบริหารความเสี่ยงองค์กร, ปัจจัยแห่งความสำเร็จ

Abstract

         Risks are uncertainty events which deviate the organizational goals as expectations. Robustness of Enterprise risk management (ERM) could enhance organizations to reach the appropriated goals. In globalizing world, organizations can employ ERM standards and paradigm for example, ISO 31000 and COSO-ERM, unfortunately, such standards would not even indicate the success way to implement ERM in organizations. With this importance, the objectives of this paper are to study the methodology of conducting critical success factors (CSFs) in ERM and also to report them. According to the qualitative literatures more than 10 articles, the role of top management is the most important factor in implementing ERM. The commitment of leadership could enhance organizational cooperative by stimulating organizations to conduct ERM through appropriated communication and understanding. Moreover, the role of leadership has a positive impact with execution and integration of ERM through cycle of risk management process-identify, assess and mitigation of ERM.  Apart from the role of leadership, ERM also works well when the completeness of organizational strategic plan would be done.

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Published

2015-12-28

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Academic Articles