Overview
- Explains and applies quantitative risk management tools for the assessment of risks and opportunities
- Contains examples of traditional and modern platform businesses illustrating key issues to the current digital economy
- Provides a step-by-step explanation of processes and methods for practical applications in various business contexts
Part of the book series: Springer Texts in Business and Economics (STBE)
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About this book
The book helps readers to answer a pressing question for businesses: how can they evaluate risks and opportunities to develop appropriate risk-adjusted strategies that allow them to generate maximum profit at acceptable risk levels?
This book focuses on a hands-on approach to risk management which includes a step-by-step guide on how to identify, analyze, quantify and aggregate various risks in organizations. It guides the reader through what-if simulation and scenario analyses as well as Monte Carlo simulations in Excel with applications to traditional non-financial businesses and platform companies like Spotify. This management-oriented perspective sets it apart from often compliance-related textbooks, which mostly focus on financial industries. Its approach is applicable to a wide range of industries and based on a strategic and value-based view of balancing risks and opportunities in businesses. The mathematical and technical details are presented in an easy-to-follow format and illustrated throughout with examples and simple calculations. Additional material for lecturers and students (exercises, cases, templates) is provided online.
Keywords
- Valuation
- Enterprise Risk Management
- Monte Carlo Simulation
- Platform Business
- Scenario-Analysis
- Risk Taking Capacity
- What-If-Simulation
- Resilience and Strategy
Authors and Affiliations
About the authors
Robert Rieg is Professor of management accounting and control at Aalen University, Germany. His research includes empirical studies on the practice of risk management and its link to management control. He has authored several textbooks and his research appeared in numerous peer-reviewed papers.
Ute Vanini is Professor of management accounting and control at Kiel University of Applied Science, Germany. Her research focuses on the application of management control and risk management concepts in corporate practice and the integration of sustainability aspects in management control and accounting education.
Werner Gleißner is CEO of FutureValue Group AG and Professor at the Technical University of Dresden, Germany. His research and activities focus on risk management, valuation & rating, corporate strategy and the development of methods for simulation-based risk aggregation such as for the preparation of management decisions ("strategy evaluation") and value investing.
Bibliographic Information
Book Title: Enterprise Risk Management
Book Subtitle: A Modern Approach
Authors: Robert Rieg, Ute Vanini, Werner Gleißner
Series Title: Springer Texts in Business and Economics
Publisher: Springer Cham
eBook Packages: Business and Management, Business and Management (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2025
Hardcover ISBN: 978-3-031-86424-7Due: 07 July 2025
Softcover ISBN: 978-3-031-86427-8Due: 07 July 2026
eBook ISBN: 978-3-031-86425-4Due: 07 July 2025
Series ISSN: 2192-4333
Series E-ISSN: 2192-4341
Edition Number: 1
Number of Pages: XXIII, 294
Number of Illustrations: 22 b/w illustrations, 35 illustrations in colour