List and Define the Four Categories in the ERM Framework

question 91

Essay

List and define the four categories in the ERM framework of an enterprise's objectives.

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Definitions:

Coordination Problems

Issues that occur when entities attempt to align their actions or activities towards a common goal, but face difficulties due to misunderstandings, conflicting interests, or lack of communication.

FORTRAN

A high-level programming language developed in the 1950s for numerical and scientific computing.

Role Conflict

A situation where an individual faces incompatible demands or expectations from different roles they play in their life or work.

Potential Group Performance

The maximum level of efficiency or outcome that a group could achieve if all conditions were optimal.