Risk management and corporate strategies

Scientific Directors: Prof. Giovanni Ossola, Prof. Cecilia Casalegno, Prof. Elisa Giacosa, Dott. Chiara Crovini

 Risk is intrinsic to each company and, as it is strictly linked to uncertainty, it could lead to either negative and positive consequences, which in turn influence the decision-making process.

Recently, the global financial crisis has intensified the interest in how companies manage risks. Several external forces, including government regulators, credit-rating agencies, stock exchanges and institutional investor groups have strengthened the need to improve the effectiveness of risk oversight. Furthermore, the changed competitive dynamics due to the convergence between different sectors and the disappearance of borders among geographical areas represent threats managers have daily to deal with.

Accordingly, the risk management process is strategic and functional to firm strategy development and control and it is considered as key driver for value creation, competitiveness and profitability. Consequently, risks should be effectively assessed and managed through a process that involves all the company functions.

In keeping with this logic, main managerial challenges are about the management of those factors which could have a negative impact on firm profitability and business survival. How to plan strategies, which consider the risk, and how to shape the stakeholder communication accordingly, in order to avoid reputation and image crisis? How to plan crisis management and communication, once the risk has occurred?

In the light of the above, Risk Management represents a fundamental area of investigation in various managerial areas and topics for track sessions may include, but are not limited to:

  • Risk Management and Corporate Governance;
  • Cyber risk management: e-business, web strategies, new technologies and management accounting change;
  • Risk Regulation and the related impact on the business management;
  • Tools (quantitative and qualitative) for risk analysis, assessment and control;
  • Risk reporting (external and internal);
  • The interaction between performance management and risk management;
  • Management accounting change and sustainability: opportunities and threats;
  • Supply chain risk management;
  • Project risk management;
  • Globalisation and accounting practices: implementing accounting change in organizations;
  • New theoretical perspectives and methods in accounting, management accounting and organisational change;
  • Organisational risk culture;
  • Sustainability, Corporate Social responsibility and risk management: new emerging issues;
  • Reputational and emerging risks;
  • Human Resource Management.