Identify two benefits of integrating ERM into organizational strategy.

1. Improved decision-making: By integrating ERM into organizational strategy, decision-makers have access to a comprehensive view of risks across the organization. This allows for more informed decision-making that takes into account potential risks and opportunities, leading to better outcomes and more effective strategies.

2. Enhanced resilience: Integrating ERM into organizational strategy helps to build a culture of risk awareness and preparedness. This enables the organization to proactively identify and mitigate risks, increasing its resilience to potential threats and disruptions. By effectively managing risks, the organization is better positioned to adapt to changing circumstances and maintain long-term success.

1. Improved decision-making: ERM provides a comprehensive view of the organization's risks and how they are interconnected. This information can help managers make better decisions about how to allocate resources and manage risks.
2. Enhanced compliance: ERM can help organizations comply with regulatory requirements and industry best practices. By identifying and managing risks, organizations can reduce the likelihood of being fined or penalized.