ERM (Enterprise Risk Management)
SUSTAINABLE BUSINESS CAN BE CRATED IF THE COMPANIES UNDERSTAND HOW TO CONDUCT ENTERPRISE RISK MANAGEMENT (ERM) BASED ON ISO 31000
Enterprise Risk Management should be seen as the umbrella for both, CSR and Community Enterprise. It is the key driver for creating a sustainable business and determining which CSR activities should be undertaken.
The elective subjects related to ERM are designed to enable the students to understand HOW to:
- Conduct a risk assessment to support a CSR project/program throughout its life cycle
- Relate risk and compliance with the concepts, theories and practices of businesses and CSR
- Design a CSR risk framework using the 5 key components described in ISO 31000 using a workplace based case study
After graduating from the subjects, the students are expected to be able to identify and mitigate the risks in order to sustain their business activities through sustainable impact creation for the community.