Final answer:
Enterprise Risk Management (ERM) includes various risks like strategic, operational, financial, and compliance risks, but doesn't typically involve the specifics of failing to perform long-term assessments or the strategies used by historical figures like John D. Rockefeller.
Step-by-step explanation:
The question refers to Enterprise Risk Management (ERM), which is a process used by organizations to identify, assess, and prepare for any dangers, hazards, and other potentials for disaster that may interfere with an organization's operations and objectives. ERM includes various risks such as strategic, operational, financial, and compliance risks.
When discussing a risk not associated with ERM, the focus could be on the absence of proper systems to conduct long-term evaluations. However, ERM typically encompasses a broad array of risks that can affect an enterprise, but it does not typically include specifics such as failing to carry out long-term need and asset assessments or specifics of management strategies in historical contexts, like those used by John D. Rockefeller. Similarly, risks of media globalization, such as the creation of cultural biases or the loss of local culture, are not directly relevant to ERM.
​Strategizing through Asymmetric Risk understanding, as illustrated in Figure 20.1, highlights how different risk responses (Plan A and Plan B) can lead to asymmetric outcomes depending on the reality of the threat. ERM strives to avoid catastrophic outcomes by preparing for devastating threats even if their occurrence is uncertain.