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Discuss the concept of Enterprise Risk Management (ERM) and its approach to identifying and mitigating risks. Based on the case study, evaluate the typical steps

Discuss the concept of Enterprise Risk Management (ERM) and its approach to identifying and mitigating risks. Based on the case study, evaluate the typical steps and outputs or results that facebook can expect from an effective ERM implementation. Deliberate if Facebook has implemented an effective ERM? (20 marks)

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