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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Use of Scenario Planning in Enterprise Risk Management

The Use of Scenario Planning in Enterprise Risk Management

Höppener, Timo

Paperback

Business General

ISBN10: 3639464575
ISBN13: 9783639464573
Publisher: Blues Kids Of Amer
Published: Jun 21 2013
Pages: 72
Weight: 0.26
Height: 0.17 Width: 6.00 Depth: 9.00
Language: English
There has been an increasing need for risk management after the Global Financial Crisis, which resulted in the collapse of large financial institutions, downturns in the stock market and bailouts of banks by national governments. Furthermore, today's environment of uncertainty requires new planning tools. Most organisations plan as if the world is predictable, developing point forecasts, budgets, and initiatives that will succeed as long as the external environment is favourable. In reality, so many variables are in play that linear planning rarely works. Moreover, scenarios allow organisations to consider complex changes and act accordingly. The objective of this study is to explore how and to which extent scenario planning can be used in Enterprise Risk Management (ERM). Moreover, the potentialities as well as the limits of the scenario planning method in ERM will be identified and discussed.

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