as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
how does erm contribute to managing the impact of potential events on an organization's strategy and business objectives?
user
erm helps organizations better understand the range of potential events (both positive and negative), assess their impact on achieving strategy and business objectives, and align management actions and risk responses with the organization's risk appetite.
assistant