engleski

Enterprise Risk Management: Theory and Practice with Selected Case Studies of Multinational Companies

Edited book Enterprise Risk Management: Theory and Practice with Selected Case Studies of Multinational Companies is a joint work of professors, researchers, students and alumni of the Faculty of Economics and Business, University of Zagreb. Conditions of increased complexity and uncertainty, associated with the Global financial crisis and COVID-19 pandemic, created the need for a comprehensive strategic approach to risks called Integrated or Enterprise-wide Risk Management (ERM). ERM is a process that systematically and comprehensively identifies and quantifies different types of business risks – financial, operational and strategic – at all levels of the organization and manages them effectively in order to increase the value of the company and achieve short-term and long-term business goals.The Faculty of Economics & Business, University of Zagreb offers education in Enterprise Risk Management to provide the students with relevant knowledge, skills, and competencies in this interdisciplinary field that blends economic theory, finance theory, and theory of management. The book Enterprise Risk Management: Theory and Practice with Selected Case Studies of Multinational Companies presents the results of active cooperation between academics and students related to development of business case studies of multinational companies that enabled the application of knowledge acquired on the Risk Management course.The book has eight chapters. A detailed explanation of new risk management paradigm, the ERM process and methodology can be found in the first chapter, which explains the multidimensional model of enterprise risk management as well as the advantages of the holistic risk management approach and its impact on the value and performance of the company. The second chapter explains the methods and approaches to managing different types of strategic, financial and operational risks. The third chapter describes the importance of diagnostic business analysis methods in enterprise risk management, while the fourth chapter presents the application of the Monte-Carlo simulation in project risk analysis. The first four chapters were written by Professor Danijela Miloš Sprčić, PhD, Associate Professor Davor Zoričić, PhD, Ena Pecina, PhD, Andrija Sabol, PhD, Ivana Dvorski Lacković, Luka Štambuk and Klara Bedeković. Chapters five to eight present the cases of business analysis, risk identification, evaluation and management in Tesla Company, Amazon, Atlantic Grupa and Volkswagen. The cases were authored by 20 students who enrolled on the course Risk Management in the academic year 2019/2020 - Domagoj Mataić, Branimir Prelec, Arjeton Smakići, Damir Žitko, Ivan Dobra, Ivan Dominik Hüverth, Ivka Bernatović, Mirta Domitrović, Vita Grozdanić, Nino Ivanov, Mislav Paić-Karega, Petar Tolić, Zvonimir Užnik, Mia Rakarić, Marta Nimac, Marta Kralj, Matija Čemerin, Matej Kupres, Marin Kalac, Mihovil Arh. The book was reviewed by Professor Silvije Orsag, PhD, Head of the Department of Managerial Economics at FEB Zagreb, and Professor Darja Peljhan, PhD, from the School of Economics and Business, University of Ljubljana.

Enterprise risk management, Risk management process, Risk taxonomy, Project risk, Monte Carlo simulation, multinational companies, case studies

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