A nonprofit assumes enterprise risk management applies only to Fortune 500 manufacturers. What is the accurate view?
Select an answer to reveal the explanation.
Short Explanation
ERM is not a Fortune 500 club card. Nonprofits, cities, and mid-size orgs still have objectives to protect—and integrated risk thinking scales to fit them.
Full Explanation
Enterprise risk management principles are adaptable across sectors and sizes. Nonprofits and public entities also face strategic, operational, financial, and hazard risks that benefit from integrated oversight. Assuming ERM is exclusive to large manufacturers unnecessarily limits program maturity.