Implementation of Enterprise Risk Management (ERM) to Improve Risk Culture Awareness in Alienco Photo

DOI

10.2991/aebmr.k.201222.034How to use a DOI?

Keywords

SMEs, Enterprise Risk Management, ERM, Risk, Business Coaching

Abstract

This research is a report of business coaching conducted on Alienco Photo. The researcher will discuss the implementation of Enterprise Risk Management (ERM) to improve risk culture awareness in Alienco Photo. The absence of risk awareness will cause a lot of problems to the business, such as operational disruptions, potential losses, and even bankruptcy. Therefore, risk awareness is essential not only for the business owner, but also his employees. This research uses a qualitative method by using a risk matrix in mapping the company risks and formulating its risk mitigation. The results of this research show that the most frequent risks are operational risks and business risks, in which both of them are in the red zone. This research aims to help the business owner and his employees to be aware of and try to mitigate the risks. The recommendation on risk mitigation in this research can also be used to reduce the negative impacts that have occurred and will occur in Small and Medium Enterprises (SMEs).

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Arya Kheris Sasmita
AU  - Hasnul Suhaimi
PY  - 2020
DA  - 2020/12/23
TI  - Implementation of Enterprise Risk Management (ERM) to Improve Risk Culture Awareness in Alienco Photo
BT  - Proceedings of the International Conference on Business and Management Research (ICBMR 2020)
PB  - Atlantis Press
SP  - 233
EP  - 238
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201222.034
DO  - 10.2991/aebmr.k.201222.034
ID  - Sasmita2020
ER  -