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The paper is mingling Wang and Faber (2006) view in addition to that of Brodeur and Pritsch (2008), defining the Enterprise Risk Management (ERM) as "an offensive discipline of studying the risk dynamics of the enterprise, the interaction of internal/external players and forces, and how players' actions influence the behaviours of the risk dynamics, with the ultimate goal of improving the performance and resiliency of the system, thus maximize the enterprise value". Therefore, the acquaintance of the ERM fundamentals will be investigated within a selective sample of potential small and medium enterprises in Egypt using survey analytical technique, where a precautionary action is undertaken in advance to prevent the occurrence of any of the seven deadly sins.
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