ERM Adoption and Implementation in the Higher Education

The ERM in for-profit organizations aims to identify, assess, and prepare for potential dangers, losses, and other potential harms that are likely to interfere with the organization's efficiency and profitability. For the education institutions, the ERM is meant to check on productivity in the form of quality education, responsiveness, and accountability while at the same time striving to cut down on costs. The internal environment is scanned, and indicators are put in place. A lot of monitoring and control activities are also put in place.