Enterprise risk refers to the potential events or conditions that could negatively impact an organization's ability to achieve its objectives. This includes a wide range of risks, such as financial, operational, strategic, and compliance risks. Organizations assess these risks to identify vulnerabilities and develop strategies to mitigate them, ensuring long-term stability and success. Effective enterprise risk management (ERM) involves a systematic approach to identifying, analyzing, and responding to risks. By implementing risk management frameworks and tools, organizations can prioritize risks based on their potential impact and likelihood. This proactive approach helps organizations navigate uncertainties and make informed decisions to protect their assets and reputation.