Risk Management: ERM and Aspects of Its Implementation

Herfried Kohl

Chapter 2 in Managing SMEs in Times of Rapid Change, Uncertainty, and Disruption, 2024, pp 37-70 from Springer

Abstract: Key Topics in This Chapter: Mainly Qualitative In this chapter, we build on the concepts introduced in the previous one and deal with the following: Enterprise Risk Management (ERM): What is it and why is it important? ERM and the role of top management. Necessary input to ERM. How to organize ERM. Risk managers: Prerequisites, necessary skills, and capabilities. Implementing ERM: Project requirements and good practices. How the structure of the organization and the organization’s economic situation impact the ERM. Key risk indicators (KRIs) and risk appetite. Risk reporting. Documentation of the ERM. How to keep the ERM alive. Human factors and ERM.

Date: 2024
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DOI: 10.1007/978-3-031-71272-2_2

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