Enterprise Risk Management

Professor Dr. Stefan Hunziker is lecturer, project manager and head of MAS/DAS Risk Management at Lucerne University of Applied Sciences and Arts. Furthermore, is he the chairman of the board of Swiss Enterprise Risk Management Association (SwissERM).

This textbook demonstrates how Enterprise Risk Management creates value in strategic- and decision-making-processes. The author introduces "Balancing Risk and Reward" based on case studies of medium-sized and large companies from different industries. Since traditional Risk Management in practice is often an independent stand-alone process which is not linked to corporate management, it is unable to generate benefits and moreover ties up resources in the company unnecessarily. Herewith, he serves students as well as practitioners with innovative approaches linked to corporate management. The author demonstrates in a didactically appropriate manner how companies can use risk management 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.


Table of Contents

ERM in the Context of Corporate Governance
ERM Concept
Core Techniques to Risk Assessments
Integral Case Studies


Professor Dr. Stefan Hunziker is lecturer, project manager and head of MAS/DAS Risk Management at Lucerne University of Applied Sciences and Arts. Furthermore, is he the chairman of the board of Swiss Enterprise Risk Management Association (SwissERM).