Capocchi A Vulnerability and the Corporate Immune System Risk Management 2023

Textbook in PDF format

Companies are exposed to a large number of risks from different sources such as globalization, deregulation, environmental changes, technological changes, complicated financial models, and corporate governance changes. Parallel to this, various studies recognize enterprise risk management (ERM) as a new method of organizational control. With the spread of ERM frameworks, this book links the themes of risk to decision-making and strategic processes, moving from the issue of vulnerability in order to increase awareness that risk management cannot be entrusted to fulfillment. Instead, risk management must increasingly be an integral part of the company's decision-making and strategic processes.This book develops an innovative approach to the theme of risk following a business-economic analysis perspective related to the creation of economic value. Traditionally, the issue of risk has been widely explored with regard to finance and financial markets. In this book, risk management as a managerial process will be investigated in order to explore the link between risk and business strategies. Integrating risk assessment methodologies with managerial tools with which business entities can build value to protect their positioning and to enhance their economic and financial standing, this book will be of interest to students and researchers of risk management.
Risk Management and Vulnerability
From Risk to Vulnerability
The Ant and the Grasshopper—A Business Story
Everything Is Economics
Assessing the Vulnerability of a Business:​ The State of Its Health
Corporate Immune System
The Immune System
The Immune System and Corporate Vulnerability
Operational Risk and Immune System
Integration, Classification and Risk Management Activities
The Internal Control Risk Management System (ICRMS)
The Classification of Risks and the Activities that Make up Risk Management
Practical Experiences
Case Studies:​ Pirelli–NatWest–Eni–Ocado–Ryanair
Conclusion
“Rational Globalization” and the Search for an Alternative Way Out