Strategic Risk Management

and Controlling
Introduction Characteristics:
Proactive Approach: It involves
taking a proactive approach to
identify potential strategic risks.

Integration: It integrates risk

Definition: management into the broader
Strategic Risk Management and Controlling is strategic planning and
the process of identifying, assessing, and controlling processes.
mitigating risks that could impact an
organization's ability to achieve its strategic
objectives. Continuous Monitoring: It
requires ongoing monitoring and
adjustment to address evolving
risks.
 Key Points:
Perspective in
• Emphasis on Compliance: Germany places a
Germany strong emphasis on regulatory compliance,
especially in industries like finance and
healthcare, which necessitates robust risk
management.
• Industry-Specific Approaches: German
Overview: organizations adopt industry-specific risk
Within the German context, strategic risk management strategies, such as strict quality
management and controlling have matured control measures in manufacturing.
to prioritize meticulous risk assessment and a
strong commitment to regulatory
• Example: An example could be the risk
compliance. management practices of a major German
bank, which ensures compliance with
international banking regulations while
minimizing financial risks.
 Perspective in
Romania
Overview:
In the Romanian setting, strategic
risk management and controlling
exhibit adaptability, often shaped
by local market dynamics and the
regulatory framework specific to
Romania.
Key Points:
• Adaptation to Local Context: Romanian
organizations often adapt their risk
management strategies based on the
specific challenges and opportunities within
the Romanian market.
• Regulations and Challenges: Discuss any
specific regulatory frameworks impacting
risk management, highlighting any
challenges unique to Romania.
• Example: You might look at a Romanian tech
startup's risk management practices that
address market volatility and competition.
 Example
Germany: Case Study Example - Volkswagen AG
Overview: Volkswagen, a global automotive
leader based in Wolfsburg, Germany, serves as an
excellent case study for risk management.
Risk Management Practices: Volkswagen's risk
management practices involved a significant
overhaul in response to the emissions scandal.
They implemented rigorous compliance
measures, extensive internal controls, and
greater transparency in reporting to mitigate
future risks. The company's risk management
now extends to environmental, financial, and
reputational risks.
Romania: Case Study Example – UiPath
Overview: UiPath is a leading Romanian tech
startup specializing in robotic process
automation (RPA).
Risk Management Practices: UiPath's risk
management strategies include diversification of
markets to minimize dependence on a single
geography, continuous monitoring of
cybersecurity threats, and strategic partnerships
to mitigate competitive risks. They demonstrate
how a dynamic startup can adapt its risk
management to navigate the challenges of
exponential growth.
 Effective strategic risk management
and controlling are essential for
organizations to achieve their strategic
objectives.

Conclusion
The approach to risk management can
vary significantly between countries
based on regulatory environments,
industry focus, and cultural factors.