Abstract:

The subject of risk management is gaining more and more importance in recent years.Whereas the formerly priority was controlling the individual risks in the foreground in the past.Today, especially the risk profile control of entire businesses and companies by discontinuities in the business environment, legislation and capital market is in the foreground.Risk management is correspondingly align with the business objectives and integration the corporate management into the strategy and controlling. The paper gives an overview of the state of the art of risk management and shows the necessity to implement a risk management system in medium-sized companies and follows the introduction of such a system.The basis of this preparation is a theoretical framework and an optimization project of a medium-sized company (300 million revenue with 121 employees) which have accompanied by the authors in a period of a half year.Value: The aim of the project was the company to explain the necessity of risk management system and to implement an effective risk management on the theoretical basis.