what is the difference between risk management and enterprise risk management 
risk management has traditionally been used to describe the practices and policies surrounding a specific risk that a company faces more modern risk management has introduced erm a comprehensive company wide approach to view risk holistically for the entire company the bottom lineas a company makes sells and delivers goods to customers it faces countless risks from numerous sources to better plan for these risks companies are turning to enterprise risk management a company wide top down approach to assessing risk and devising plans the ultimate goal of erm is to protect a company s assets and operations while having strategies in place should certain unfortunate events occur 