Explain how ERM adoption and implementation in the higher education
Chapter 6 presented the approach the LEGO Group used to implement ERM, and chapter 9 presented a discussion and case study on implementing ERM in a higher education environment. Please explain how ERM adoption and implementation in the higher education (HE) environment differs from the for-profit environment. Cite specific examples from this week’s readings.
To complete this assignment, you must do the following:
A) Create a new thread. As indicated above, explain how ERM adoption and implementation in the higher education (HE) environment differs from the for-profit environment. Cite specific examples from this week’s readings. In your explanation, discuss at least three points or aspects in which the implementing ERM in the two environments differ.
B) Select AT LEAST 3 other students’ threads and post substantive comments on those threads, evaluating the pros and cons of that student’s recommendations. Your comments should extend the conversation started with the thread.
300-350 words
20190515234200chapter_6_slides
20190515234158chapter_9_slides
Solution Preview
ERM Adoption
Chapter 9 presented the approach that was used by the LEGO group when adopting enterprise risk management at various institutions. The chapter specifically bases a lot of attention on the higher education environment. There are several differences that can be observed between the adoption of ERM in higher education institutions and other for-profit organizations and environments. One of the major differences is based on the regulations and laws that are applicable within each industry. In the higher education sector,
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