TY - BOOK AU - Hunziker, Stefan TI - Enterprise risk management: modern approaches to balancing risk and reward SN - 9783658335229 U1 - 658.155 PY - 2021/// CY - Wiesbaden PB - Springer KW - Risk management KW - Corporate management N2 - 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. (https://link.springer.com/book/10.1007/978-3-658-25357-8#about-this-book) ER -