Theoretical Approaches to Risk and Risk Management

Evaluate the different theoretical approaches to risk and risk management and apply these in an organizational setting.

Critically review the nature of risk strategy and strategic risk management and development in respect of supporting those with risk management roles within this. Critically discuss the relationship between strategic risk management (SRM) and enterprise risk management (ERM). Demonstrate a broad and detailed knowledge of both SRM and ERM and show where the boundaries are for each area. Remember, the boundaries are not fixed and are not always clear.