Enterprise Risk Management and Addressing New Risks in The Post Pandemic Economy

Abstract

Enterprise risk is an inevitable aspect of doing business. It is important to manage risks in a business organization. Although the risks faced by different companies may be fundamentally same to a greater extent, different types of companies and enterprises use different approaches in managing risks. The global pandemic in 2020 caused many industries to encounter new risks which impacted massively on the operations and finances of the companies. Different industries got adapted to this new situation in different speeds and this paper address the changes of risk management approaches followed by the Covid 19 pandemic.