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1) What is enterprise risk management and how does it differ from traditional concepts of risk management

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1) What is enterprise risk management and how does it differ from traditional concepts of risk management. Support your definition with specific examples and complete explanation. 2) What are the steps in implementing an ERM according to the assigned reading? What are the risks the assigned reading points out for oil and gas? 3) Look at the dates on the Mckinsey report was assigned, then look at the comments on oil and gas how accurate do you believe their statements were when you look at the state of the industry today?

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