The Research On The Application Of ERM

Market economy is a risk economy. In the process of establishing the market economic structure, risk grows everywhere. Chinese Enterprises are now facing greater and more complex risks while more development opportunities are increasing. With the changing of the business environment, the uncertainty of the business activities also increases, the risk of the enterprises increasingly diversified and complex. Due to the weak sense of risk management and lack of risk information and the out-of-date management in most Chinese companies, as a WTO member, we will have to face the severe challenges under the international competition in the market. Risk management will have a direct relationship to the enterprise's survival and development, enterprises also emphasis more and more energy on risk management.As a great change of management ideas and practice of enterprises in China, the significance of the risk management is rising. Strengthening enterprise risk management, not only help the enterprises strengthen their internal controls and reduce corporate losses, help enterprises carry out risk control effectively, increase business efficiency, but also help enterprises to achieve the overall objective to enhance business value. Thus, enterprise-wide risk management study has far-reaching theoretical and practical significance. We should build a comprehensive risk management framework in line with China's actual situation to conform to practical application.Risk management is carried out by the board of directors, management and other personnel, applied to strategy formulation and throughout the enterprise, aimed at identifying the potential that may affect the main issues, manage risk so that the risk of subjects within the tolerance and provide reasonable assurance for the main achievement of the objectives. Risk management is originated from traditional risk management, modern risk management, and developed into today's comprehensive risk management, which is an extension and development of internal control. In this paper, the United States COSO "enterprise-wide risk management framework" and the SASAC "central enterprise-wide risk management guidelines" are compared, and there are eight significant differences in the definition of a comprehensive risk management, objectives, elements, organizational system etc; This paper in particular conducts in-depth analysis of the status quo on comprehensive risk management of Chinese enterprises and analyzes the causes of our enterprise-wide risk management problems. Therefore, based on the systematic study of enterprise risk management, this article creates a comprehensive risk management framework in keeping with China's actual conditions, proposes a comprehensive risk management "three risk", try to control the risk within an acceptable range in order to help and guide Chinese enterprises to carry out risk management, enhance the level of risk management, and ultimately to achieve business goals.A pharmaceutical enterprise built on a comprehensive risk management framework constructed in this paper, at this stage, achieved good results.Through the analysis of the current status of China's pharmaceutical industry and risk, the author built a comprehensive risk management framework in line with pharmaceutical companies, which is not only for the general enterprise but also in line with China's actual situation with practical application value.