Question

All of the following are ways an organization that incorporates enterprise-wide risk management (ERM) with its strategic planning process improves its decision making, EXCEPT:______.
Select one:
A. It can address potentially devastating threats.
B. It can exploit opportunities by incorporating them into its current business model.
C. It can use ERM as a process to manage unwanted variations from expectations.
D. It can eliminate risks to its business model.

Answer 1

All of the following are ways an organization that incorporates enterprise-wide risk management (ERM) with its strategic planning process improves its decision-making, EXCEPT It can eliminate risks to its business model.

A business model describes how an organization creates, delivers, or acquires value in an economic, social, cultural, or other context. The process of building and modifying business models, also called business model innovation, is part of business strategy.

The term business model describes a company's profit plan. Identify the products or services that the company plans to sell, the identified target markets, and the expected costs. Business models are important for both new and established companies.

In its simplest form, a business model provides information about an organization's target markets, the needs of those markets, and the role a company's products or services play in meeting those needs. Business model innovation describes the process by which an organization adapts its business model.

Learn more about business model  brainly.com/question/27093440

#SPJ4