This paper aims to present Risk Management with its systematic approach and to explain it using Daimler AG as an example. At the end of this paper, the question of how Daimler AG deals with risks of various kinds and what criticism can be derived from this should be answered.
First chapter 2 will present the basics for the creation of a theoretical foundation. Specific definitions will be introduced and the processes of Risk Management about its operational and strategic objectives will be disclosed. Chapter 3 also uses a practical example to demonstrate implementation at Daimler AG, which provides an analytical view and a final view of the sum of the findings. At the same time, the typical characteristics of the automotive industry are shown and the resulting risks for Daimler AG are worked out. Finally, an approach to improve the communication of risk management is presented. This approach enables a more advanced presentation of opportunities and risks in combination with allocated strengths and weaknesses. At the end of the work, we find a conclusion with the demands that will result from these elaborated findings.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Basic presentation of Risk Management
- Definition of risks and Risk Management
- Procedural elements of Risk Management
- Operational and strategic orientation of the instruments
- Application of Risk Management at Daimler AG
- Description of the object of investigation
- Need for Risk Management at a company level
- Organisational structures and methods
- Application of a critical appraisal
- Further development of risk and opportunity communication
- Results
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper aims to present Risk Management and its systematic approach, using Daimler AG as an example. The work seeks to understand how Daimler AG deals with various risks and what criticisms can be derived from its approach.
- Definition and application of Risk Management
- Operational and strategic orientation of Risk Management instruments
- Risk Management in the context of Daimler AG
- Critical appraisal of Daimler AG's risk management practices
- Improving risk and opportunity communication
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: Introduces the concept of Risk Management and its importance in a globalized and competitive environment. Outlines the paper's structure and objectives.
- Basic presentation of Risk Management: Defines risks and Risk Management, explores the procedural elements involved, and discusses the operational and strategic orientation of risk management instruments.
- Application of Risk Management at Daimler AG: Examines Daimler AG's approach to Risk Management, including the need for it, organizational structures, methods, and a critical appraisal of its practices.
Schlüsselwörter (Keywords)
This paper focuses on Risk Management, specifically its application at Daimler AG. The key themes include the definition of risks, procedural elements of Risk Management, the operational and strategic orientation of risk management instruments, and a critical appraisal of Daimler AG's risk management practices.
- Quote paper
- Felix-Sebastian Ament (Author), 2021, Group Risk Management. Application of Risk Management in Daimler AG, Munich, GRIN Verlag, https://www.grin.com/document/1007020
