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- W2034335860 abstract "Risk management in private enterprises: addressing natural hazards and reputational risk The environment in which private enterprises must work has become more complex and the risks more varied. As a result, over the last decade, enterprises have strengthened their risk management. This article will show how private enterprises are addressing natural hazards and reputational risk, and how these strategies differ from risk management by public bodies. The authors asked five enterprises about their risk management. The answers were assessed with regard to recognised methods and modern management theory. Although the enterprises apply modern techniques and are highly conscious of risk, few preventive measures against natural hazards have been put in place. This can be partially explained by the possibility of getting insurance for the risks, and by the high degree of protection provided by the State. As for reputational risk, often risk management is only put into practice when crisis management already becomes necessary. More attention should be paid to including risk management in the strategic processes of enterprises, and to taking account of chances. Risk management is often most effective in a partnership of private and public actors; mutual understanding is desirable in these circumstances." @default.
- W2034335860 created "2016-06-24" @default.
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- W2034335860 date "2014-09-01" @default.
- W2034335860 modified "2023-09-25" @default.
- W2034335860 title "Risikomanagement in privaten Unternehmen – Umgang mit Naturgefahren und Reputationsrisiken" @default.
- W2034335860 doi "https://doi.org/10.3188/szf.2014.0250" @default.
- W2034335860 hasPublicationYear "2014" @default.
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