Enterprise risk management

1. Why do you think enterprise risk management is important for organizations. 
2. Chapter 3 from your textbook presented  the approach Mars, Incorporated used to implement ERM, and chapter 5 presented the University of California Health System’s ERM development. In what ways are the two organization’s approaches to ERM similar? How do they differ?
3. Explain few pros and cons of the approach Incorporated used to implement ERM by both(Mars and UC)

Please read the following chapters from textbook (Fraser, J., Simkins, B., & Narvaez, K. (2014). Implementing enterprise risk management: Case studies and best practices. John Wiley & Sons.)

Chapter 3- ERM at Mars, Incorporated: ERM for Strategy and Operations

Chapter 5- ERM in Practice at the University of California Health System