Assignment
ERM in Practice at the University of California Health System Case and provide response for following questions.
1. Your medical group wants to expand by starting a new venture, owning and operating a pharmacy. In order to increase the chances for success, you have been asked to perform an enterprise risk assessment that includes reputational risk. Give three examples of how starting a new venture might have risk events that could lead to repercussions that would negatively impact the organization's reputation and three examples where it might be enhanced, creating opportunity.
2. Explain how improvement is measured with KPIs and give one example related to Human Capital and how this KPI might help you improve your organization.
3. What do you think is the difference between traditional risk management and enterprise risk management?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.
Text book: IMPLEMENTING ENTERPRISE RISK MANAGEMENT- Case Studies and Best Practices by John R.S. Fraser, Betty J. Simkins and Kristina Narvaez.