Vulnerability and the Corporate Immune System : An Integrated and Systemic Approach to Risk Management

Companies are exposed to a large number of risks from different sources such as globalization, deregulation, environmental changes, technological changes, complicated financial models, and corporate governance changes. Parallel to this, various studies recognize enterprise risk management (ERM) as a new method of organizational control. With the spread of ERM frameworks, this book links the themes of risk to decision-making and strategic processes, moving from the issue of vulnerability in order to increase awareness that risk management cannot be entrusted to fulfillment. Instead, risk management must increasingly be an integral part of the company's decision-making and strategic processes.

This book develops an innovative approach to the theme of risk following a business-economic analysis perspective related to the creation of economic value. Traditionally, the issue of risk has been widely explored with regard to finance and financial markets. In this book, risk managementas a managerial process will be investigated in order to explore the link between risk and business strategies. Integrating risk assessment methodologies with managerial tools with which business entities can build value to protect their positioning and to enhance their economic and financial standing, this book will be of interest to students and researchers of risk management.

Alessandro Capocchi is a Full Professor of Business Economics at the University of Milano Bicocca (Milan). He currently lectures Business Economics in the first year of the bachelor’s degree in Economics and Business Administration; and Risk Management in the master’s degree in Business- Economics Science. He is currently a member of the technical unit for evaluating project proposals presented in the context of the European Social Fund 2014-2020 operational program and the European social fund plus 2021-2027 program. Autonomous Province of Trento – Italy.

He is a Co-Founder and Chairman of MIndLab SRL – A spinoff of the University of Milano Bicocca. With Mr. Giuseppe Caprotti in 2016, he created the Observatory on new entrepreneurship. He is a member of AIDEA (Italian Association of Business Economics), SISR (Italian Society of Accounting History), and SIDREA (Italian Society of Accounting and Business Economics). In the US, he is a member of ANAHEI Associationof North America Higher Education International.