ERM Approaches and Models

Chapter 4 presented the approach Statoil, Inc (Test book page 59) used to implement ERM. Chapter 7 (page 107) presented the approach United Grain Growers used to implement ERM. Compare the two use cases and discuss similarities and differences. Do you agree with the approaches to implement an ERM and why? If you could change anything about the reasons to implement ERM in these case studies what would that be and why? Would you implement the same ERM approaches in your current organization (or future organization)?

Note: The paper should be a minimum of 2 to 3 pages not including title or reference page and in APA format.