New Delhi, Feb 21 (IANS) With an aim to help Indian entrepreneurs and companies become risk-ready, the Institute of Risk Management (IRM), the UK, has introduced its 5-Level Global ERM Qualifications in India.
“In a bid to create a pathway for professionals to become chief risk officers and get large companies, SMEs and startups risk-ready and develop risk-taking leaders across sectors, the Institute of Risk Management has introduced its 5-Level Global ERM Qualifications in India,” IRM said in a statement.
IRM’s statement said that it has partnered with 360 examination centres across India.
It said that Indian companies across sectors have started to gradually migrate from risk management compliance to risk-based decision making that is resulting in enhanced strategic value for sustainable business growth.
“With much emphasis from Indian regulators, business leaders are embedding risk culture in the DNA of their companies and the role of chief risk officer is fast evolving. The application of risk management today is across sectors and industries, including family businesses, SMEs and startups,” the statement said.
It said that as per various research articles and surveys, 42 per cent of startups in India are failing because of misread market demand.