Abstract:

With the current war in Ukraine and the Corona crisis over, as well as the accompanying general political and economic uncertainty, many companies are wondering what the future holds. For many companies, the future is highly unpredictable and risky, and more than a few are wondering whether they might be facing an end to their existence in the coming years. After the experiences of the past three years, many companies wonder whether they could have been better prepared for an exceptional situation like this. In principle, companies are exposed to various risks. Therefore, companies must take measures within the framework of risk management in order to counteract any risks.^[1] In the first part of this study, risk management is first dealt with theoretically on the basis of the ISO 31000 risk management system and the contents, tools and techniques of a risk management system are brought closer. In the second part of this study, a qualitative research in the form of expert interviews in regards to the implementation of risk management in the enterprise is described. The results of 10 conducted expert interviews from different sectors are considered. In a final summary, both the theoretical findings and the results of the qualitative research are assessed. A conclusion is drawn as to whether a risk management system can serve as an effective instrument for recognizing risks at an early stage and whether it promotes the sustainable successful development of a company. Furthermore, a classification is made of how pronounced risk management is in small and large companies.

[1] Cf. Wolke (2015), p. 4.