Enterprise Risk Management: Advances on its Foundation and Practice

Enterprise Risk Management: Advances on its Foundation and Practice discusses the need for ERM concepts, principles, and methods to adapt to the latest risk management developments, expands traditional loss-based risk principles into performance-risk frameworks, and presents fundamental risk principles developed by the Society for Risk Analysis. It is intended for risk professionals, researchers, and graduate students, as well as executive managers and policy makers with a background in quantitative methods.

Format: Hardback
Length: 196 pages
Publication date: 18 December 2019
Publisher: Taylor & Francis Ltd

Enterprise Risk Management: Advances on its Foundation and Practice delves into the core concepts and evolving principles of enterprise risk management (ERM). It explores the relationship between risk, uncertainty, knowledge, and performance, providing a comprehensive framework for understanding and managing risks in organizations. The book argues that there is a critical need for ERM to adapt to the latest developments in risk management, as outdated theories and practices hinder effective risk assessment and decision-making. It expands traditional loss-based risk principles into innovative performance-risk frameworks and introduces fundamental risk principles developed by the Society for Risk Analysis (SRA). The text employs clear and concise explanations, utilizing minimal mathematical notation, to ensure accessibility to a wide range of readers, including risk professionals, researchers, graduate students, executive managers, and policy makers with a background in quantitative methods such as statistics.

The book's primary audience consists of risk professionals, researchers, and graduate students in engineering and business, as well as executive managers and policy makers with an interest in quantitative methods. It offers valuable insights and practical approaches for managing risks in today's complex and dynamic business environment. By emphasizing ideas and principles rather than technicalities, the book provides a holistic understanding of ERM and its role in shaping organizational resilience and success.

Weight: 458g
Dimension: 241 x 162 x 18 (mm)
ISBN-13: 9781138386235