Strategic Risk Management Practice: How to Deal Effectively with Major Corporate Exposures

摘要

Strategy is a fascinating subject. It is about the overall directions of all kinds of organisations, publics or privates, multinationals corporations or entrepreneurial start-ups, great or small business. The strategy raises the big questions about these organisations subordinate to frequent and often abrupt changes fuelled by new market developments, political events, technological inventions and different environmental hazards that confront their activities across the global economy (Hechavarria and Reynolds, 2009; Hsueh et at, 2010; Mariussen et at, 2010; Pechlaner and Bachinger, 2010; Scott and Laws, 2010). The organisations should create a proactive organizational environment that encourages innovative responses to environmental challenges in an uncertain world (Koelling et at, 2010; Koschatzky and Stahlecker, 2010). They must analyse the risk and uncover shortcomings in current risk management practices (Browning et at, 2009; Lin, 2010; Pardo-del-Val, 2010; Peris-Ortiz, 2009; Rondan-Cataluna et at, 2010), which is the aim of this book.