Recent high-profile corporate scandals have resulted in moves to improve corporate governance, specifically financial reporting. One of the offshoots of improved financial reporting is the notion that publicly held firms should disclose clearly all ‘threats to people, property, or profits’. An enterprise-wide risk management program considers the collective exposures that can affect the value of an economic entity. There is a focus on three distinct areas: human resources, physical resources, and financial resources. Risk management is associated with the maintenance of value of these resources within the entity. There is a recognition that no decision is without a risk management aspect. The risk management process is validated because of this clear connection between risk management activities and the value of the economic entity. This has brought an increased appreciation for risk management as an academic discipline. The concept of enterprise-wide risk management appeals to management scholars viewing the relationships among strategic management, operational management, and risk management. In an increasingly complex world, identifying and analyzing these relationships is critical to the success of economic entities.