In this video interview of the Graziadio Business Review, Zbigniew Krysiak, PhD, associate professor at the Warsaw School of Economics in Poland, shares some lessons on Survival Enterprise Risk Management by Economic Capital as a way to improve a company’s chances to survive and thrive. His research is part of an article he wrote for the Graziadio Business Review, which can be found here.
Dr. Krysiak answers the following questions:
- What is “economic capital”?
- Why try to manage risk, why not just avoid risk altogether?
- You discuss several methods for managing risk, but argue that Survival Enterprise Risk Management by Economic Capital is the most effective. Can you summarize for viewers what this approach is all about?
- What are the key points that a business practitioner should be aware when applying this theory of risk management?
Be sure to check out the full-length article, Achieving Enterprise Stability Based on Economic Capital, at GBR.pepperdine.edu. Thanks for tuning in to this video of the Graziadio Business Review.