Enterprise Risk Management: Modern Approaches to Balancing Risk and Reward

Hunziker, Stefan

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.

Details

Published by: Springer Gabler

Publication Date: 2025-08-06

Format: Paperback

ISBN-13: 9783658488789

DOI: 10.1007/978-3-658-48879-6

Dimensions: 240cm x168cm

Pages: 257