What Is Enterprise Risk Management?

Enterprise risk is also known as business risk. The "Guideline for Comprehensive Risk Management of Central Enterprises" (hereinafter referred to as the "Guideline") issued by the SASAC defines enterprise risk as: "the impact of future uncertainty on the realization of business objectives of enterprises." Risks can be divided into market risk, product risk, business risk, investment risk, foreign exchange risk, personnel risk, system risk, merger risk, natural disaster risk, public crisis, policy risk, diplomatic risk, and so on.

Business risk

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Enterprise risk is also known as business risk. The "Guideline for Comprehensive Risk Management of Central Enterprises" (hereinafter referred to as the "Guideline") issued by the SASAC defines enterprise risk as: "the impact of future uncertainty on the realization of business objectives of enterprises." Risks can be divided into market risk, product risk, business risk, investment risk, foreign exchange risk, personnel risk, system risk, merger risk, natural disaster risk, public crisis, policy risk, diplomatic risk, and so on.

Chinese name

Business risk

Alias

Operating risk

Definition

Unexpected exchange rate fluctuations

Management

Diversified operations, diversified financing

Features

It carries subjective consciousness, etc.

Nature

Potential risk

1) Diversified operations. It means diversifying its sales markets, production bases, and sources of raw materials on an international scale.

2) Diversification of financing. It refers to pursuing the source and application of multi-currency funds in different financial markets, that is, to achieve diversified financing and investment diversification.

Because this kind of risk not only affects the company's domestic economic behavior and efficiency, but also directly affects the company's overseas operating efficiency or

Corporate Risk and Social Responsibility in the Light of Frequent Personal Information Leaks

Author:

"Enterprise Risk Prevention and Financial Control in the Financial Crisis"

The current financial turmoil has severely impacted global capital markets and has had a significant impact on Chinese companies. Whether the enterprise's capital operation risk control system is complete, whether the company's internal control is tight, and whether the company's financial analysis is complete; these will all play a vital role in whether the company can smoothly pass the financial risk period! It is also an important guarantee for whether the enterprise can develop rapidly! How to ensure the reliability and security of corporate capital operations? How to establish an effective corporate management and risk prevention system? How to ensure the efficiency and effectiveness of business operations? How to ensure the safety of corporate assets? How to establish an accurate financial analysis system ... enterprises face these practical problems, what should they do? The only way is to improve the enterprise capital operation risk prevention system, establish an effective internal control system, and an accurate financial analysis system.

Chen Naixing

Famous economist. Researcher of Institute of Industrial Economics, Chinese Academy of Social Sciences; Director of SME Research Center of Chinese Academy of Social Sciences; professor, doctoral supervisor of Graduate School of Chinese Academy of Social Sciences. Concurrent Vice Chairman of the China Society for International Economics, Technology, and Legal Talents, Vice President and Vice Chairman of the Expert Committee of the China Logistics Industry Association, Chief Economist of the Asia-Pacific Small and Medium Enterprises Association, Director of the Chinese Academy of Science and Technology Policy, Preston University Adjunct Professor, etc. He graduated from the Department of Industrial Economics of China National University in 1970, and graduated from the Department of Industrial Economics of the Graduate School of the Chinese Academy of Social Sciences with a master's degree in economics in 1981. Later, he joined the Institute of Industrial Economics of the Chinese Academy of Social Sciences and engaged in research and teaching of industrial economy and business management. In the past 30 years, he has participated in key national and academic researches on industrial economic development strategies, industrial economic benefits, industrialization roads in southern Jiangsu, industrial policies, coordinated development of urban and rural industries, human resources, township industries, and SMEs. Submitted more than 300 research reports and published papers; published more than 30 monographs. Often accept invitations from central ministries, commissions and local governments, institutions of higher learning and enterprises and institutions to conduct research, consultation, and academic reports. Many times accepted invitations from foreign research institutions and universities to participate in seminars, lectures and other academic exchanges. Many papers have been translated into foreign languages and published in foreign journals. The research results have won many awards. Enjoy special allowances from the State Council.

Xiao Xudong

10 years of foreign enterprise finance (including: 7 years of IBM factory financial management experience) + 5 years of central enterprise management experience; one of the founders of the "financial manager" website; one of the sponsors of China's "financial technology" research center; the finance of Renmin University of China Distinguished Lecturer of the School of Finance; Invited Lecturer by Tsinghua University's Chief Financial Officer; Expert Advisor to the Chief Financial Officer magazine. As the first-generation professional senior financial manager in Mainland China, Mr. Xiao has accumulated rich experience in corporate management after years of experience in the world's top multinational companies. He has very profound accomplishments in corporate financial strategy, financial management, and financial technology. An accomplished financial management expert. The clients he has served include IBM (China) Co., Ltd., NOKIA (China) Co., Ltd., Midea Group, Sany Heavy Industry, China Ordnance Group, Suzhou Tyco Electronics, CITIC Construction Investment, ICBC, CCB, Zoomlion , Changhong Jiahua, Hangxing Machine, Ericsson China Academy, China Mobile, Sun River Intelligent, etc.