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The concept of ERM is more than a new term or a new label for an old practice; it represents the potential to look at risk practice differently. This is especially relevant and important in nonprofit organizations, where risk management programs are often in dire need of modernization.

Review the two case studies from the reading assignment this week in Chapter 8 entitled, ” Housing Association Case Study of ERM in a Changing Marketplace” and Chapter 9 entitled, ” Lessons from the Academy: ERM Implementation in the University Setting”.

In your initial post, please explain how ERM adoption and implementation in non-profit organizations differ from those that operate for profit.