Enterprise Risk Management: Modern Approaches to Balancing Risk and Reward

Enterprise Risk Management: Modern Approaches to Balancing Risk and Reward
ISBN-10
3658253576
ISBN-13
9783658253578
Series
Enterprise Risk Management
Category
Business & Economics
Pages
234
Language
English
Published
2019-05-17
Publisher
Springer
Author
Stefan Hunziker

Description

This textbook demonstrates how Enterprise Risk Management creates value in strategic- and decision-making-processes. The author introduces modern approaches to balancing risk and reward based on many examples of medium-sized and large companies from different industries. Since traditional risk management in practice is often an independent stand-alone process with no impact on decision-making processes, it is unable to create value and ties up resources in the company unnecessarily. Herewith, he serves students as well as practitioners with modern approaches that promote a connection between ERM and corporate management. The author demonstrates in a didactically appropriate manner how companies can use ERM in a concrete way to achieve better risk-reward decisions under uncertainty. Furthermore, theoretical and psychological findings relevant to entrepreneurial decision-making situations are incorporated. This textbook has been recommended and developed for university courses in Germany, Austria and Switzerland.

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