ABSTRACT

From growth strategy development through transformation are the essential phases of enterprise excellence planning while enterprise risk analysis and planning must be concurrent to the growth strategy development. Without enterprise risk management, there would be no successful enterprise excellence planning. Or, rather, there would only be successful business, as being successful would be so easy that any start-up would have an idyllic path to quarterly revenue bonanzas. Risk is vital to the business world so that those organizations that are able to overcome their challenges can show the rest how it is done (Wade, 2010).