Chapter 18 presented the importance of culture and enterprise risk management with Blue Wood Chocolates. What are the challenges in developing and implementing an ERM framework for Blue Wood? Are corporate objectives and strategy important when implementing a risk strategy? How does corporate culture influence it? How can a bad or good culture within an organization be detected? If bad, how can it be changed. If good, how can it be encouraged to continue?

Requirements:

Provide a minimum of 500 words and 3 references on the discussion.

Proper APA Format (References & Citations)/No plagiarism

Textbook:

Fraser, J., Simkins, B., & Narvaez, K. (2014). Implementing enterprise risk management: Case studies and best practices. John Wiley & Sons.