Abstract
For many years academic literature presented what was commonly referred to as “enterprise-wide risk management” as the ultimate target of real-life risk management. Given today’s complexities with integrated logistics networks, outsourced components of the core business, and elevated levels of uncertainty which coincide with the lack of stability of financial markets, the ancient paradigm of enterprise-wide risk appears to have become outdated and somewhat mal-focused. This chapter introduces the complexities of a new generation of risk management in real life, and provides insight into those multiple aspects which do not need to be reinvented, versus those aspects which should become the main focus of urgently needed hands-on research in the not so distant future.
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Kross, W.K. (2011). Linking Strategy to the Real World: Working Toward Risk Based Supply Chain Optimization. In: Hommel, U., Fabich, M., Schellenberg, E., Firnkorn, L. (eds) The Strategic CFO. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-04349-9_13
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DOI: https://doi.org/10.1007/978-3-642-04349-9_13
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