Erm in practice at the university of california health system explain how improvement is measured with kpis and give one example related to human capital and how this kpi might you improve your organization. what do you think is the difference between traditional risk management and enterprise risk management?

Traditional Risk Management is insurable and manages Risk one-by-one, occurs between one business unit and focus solely on Loss prevention, lastly embedded in Disjointed activities.

Enterprise Risk Management is not necessarily covered by insurance but analyze Material risks, focuses on business goals and organization values, lastly embedded in culture and mindset.

Explanation:

Key Differences and Solutions

Enterprise risk management is an extension of traditional risk management, and differs in the following ways. Strategic application. An ERM approach is integrated into an organizations business decisions. ... ERM emphasizes results-based performance measurement throughout the organization.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

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