Risk Management Compendium, Volume 2: A Multidisciplinary Approach to Corporate Sector

Risk Management Compendium, Volume 2 explores how Enterprise Risk Management (ERM) can evolve from a traditional control function into a strategic capability that creates value across the entire organization. The authors present a modern, enterprise-wide perspective on risk management, emphasizing its role in supporting sustainable growth, resilience, and stakeholder value. Challenging the common belief that financial risks are the most significant threats to industrial companies, the book highlights the increasing importance of strategic, operational, technological, and organizational risks. It examines how organizations can overcome entrenched "risk silos," establish a common risk language, and cultivate a positive risk culture that encourages transparency, collaboration, and better decision-making. With a strong focus on practical implementation, this volume demonstrates how ERM can be integrated into strategy development, strategy execution, and everyday management processes. By embedding risk thinking into key business decisions, organizations can navigate uncertainty more effectively and capitalize on opportunities.