Enterprise risk management: small business scorecard analysis

Abstract

Enterprise risk management has become an important consideration in all aspects of business, including production planning. Business risk scorecards are important tools to monitor the performance of organisations. This article demonstrates the value of business scorecards as a means to monitor organisational performance with respect to risk management. A small bank credit loan case is used to make this demonstration. The relevance of small business scorecards to operations and supply chain management as a means to implement enterprise risk management is discussed.

Keywords:

• enterprise risk management
• small business scorecard (SBS)
• statistics
• credit
• operations