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Risks, Opportunities, and Enterprise Risk Management

Robert Rieg (), Ute Vanini () and Werner Gleißner ()
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Robert Rieg: Aalen University
Ute Vanini: Kiel University of Applied Science
Werner Gleißner: Future Value AG Group

Chapter Chapter 1 in Enterprise Risk Management, 2025, pp 1-18 from Springer

Abstract: Abstract Corporate success is not possible without risk-taking. Risks and opportunities result from the unpredictable future and lead to either negative or positive deviations from planned corporate targets. The extent of risks and opportunities depends on numerous factors such as the volatility of relevant market prices, which must be identified, analyzed, and controlled using enterprise risk management (ERM). In many countries, companies are required by law to implement risk management (RM) approaches. Therefore, this section discusses the need for enterprise-wide RM, defines key terms, and introduces the concept of ERM in detail.

Keywords: Enterprise risk management (ERM); Quantifiability of risks; Risk categories; Risk definition; Uncertainty (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-031-86425-4_1

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DOI: 10.1007/978-3-031-86425-4_1

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