Enterprise risk management helps nonprofits contain threats
Abstract: Like their for-profit counterparts, nonprofits face an ever-expanding range of risks. The numerous, sometimes overlapping, types of risk demand a holistic approach, which is where enterprise risk management comes in. Even organizations with limited resources can — and should — find a way to make ERM combat the risks that come with operating in the 21st century. This article explains this comprehensive management strategy and how to use it effectively.