ERM, or Enterprise Risk Management, is a strategic approach to identifying, assessing, and mitigating risks that could impact an organization's objectives. It goes beyond traditional risk management by integrating risk considerations into decision-making across all departments. ERM frameworks, such as COSO and ISO 31000, help organizations manage financial, operational, strategic, and compliance risks proactively. By adopting ERM, companies enhance resilience, improve regulatory compliance, and optimize performance. Effective ERM includes risk assessment, control implementation, monitoring, and continuous improvement. Organizations that prioritize ERM create a risk-aware culture that fosters sustainability and long-term success.