Discussion
Read the abstract in this article: “Practical ethical challenges and moral distress among staff in a hospital COVID-19 screening service.” Using insights from this week’s readings, share an ERM strategy you think can help the healthcare industry move forward. Explain why you are recommending this strategy, the framework you think is appropriate, and the requisite professional knowledge for the healthcare industry with specific examples and points from your readings.
When responding to your peers’ posts, share a strategy or framework that was not considered and explain why it is a good fit for this dilemma.
To earn full credit, post an initial response of 500 words that includes at least one APA citation and the associated reference
Assignment
Assignment Instructions
Enterprise Risk Management (ERM) is a dynamic and strategic approach that equips organizations to navigate uncertainty and thrive in an ever-evolving landscape. Just as Charles Darwin’s insights on adaptability apply to living organisms, they also hold true for businesses—those that successfully adjust to change are the ones that endure and excel. History has consistently demonstrated this for both species and organizations. Similarly, Niels Bohr’s reflection on the difficulty of predicting the future underscores the importance of ERM in preparing organizations for the unknown.
Think about what you have learned this week about ERM and select a real-world or fictional company of your making. Visit the Investor Relations page of any company to gather relevant insights. If you are creating a fictional firm, visit the Investor Relations pages of similar companies for insights. Review the sample ERM Framework document (Attached below) as an example to help guide your weekly project development.
Complete your assignment by answering the following questions:
- Share what company you have chosen (or created), what industry it belongs to, and why you selected it.
- What are the current and ongoing challenges your company’s industry faces? How does this factor into your decision to select/create this company?
- How will a new ERM strategy give the company a competitive edge?
- What framework do you think is best for your company’s ERM strategy? Why?
Submit this assignment as a Word document with a minimum of 1500 words, using APA formatting, citations, and a reference page