Revolutionizing Enterprise Risk Management with Multidimensional Strategy Integration.
The article presents a new way for organizations to manage risks effectively by using a multidimensional approach. The researchers suggest a framework that focuses on integrating risk management into all aspects of a business, rather than just dealing with specific issues. By analyzing relationships and impacts of risks across different areas, this approach aims to provide a balanced and comprehensive strategy for handling risks. The key components of this framework include a Business Process-Centric Risk Management System, a Risk Dialogue Matrix based on expert rules and data mining, and a Risk Management Program led by a dedicated office. This approach is designed to improve how organizations identify, analyze, and respond to risks in a more holistic and effective manner.