Enterprise Risk Management

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Focusing on the integration of Enterprise Risk Management (ERM) into strategic decision-making, this textbook outlines modern methods for balancing risk and reward. By using real-world examples from various industries, it critiques traditional risk management as ineffective when isolated from decision-making processes. The author offers practical approaches that enhance corporate management and decision-making under uncertainty, incorporating theoretical and psychological insights. Designed for students and practitioners, it is tailored for university courses in German-speaking countries.