Strategic Risk Management: A Study of Corporate Responses to Uncertainty
Author : Dr. Rajkumar Nagarwal
Abstract :
In an era defined by rapid technological advancements, economic unpredictability, geopolitical tensions, and frequent disruptions—from pandemics to climate-related crises—corporate risk management has become more critical than ever. This study investigates the evolving nature of corporate risk management (CRM) within increasingly volatile and uncertain business environments. The research explores how organizations identify, assess, and mitigate diverse risks, and how they adapt their strategies in response to dynamic external conditions. Through a combination of literature review, case analysis, and industry insights, the paper examines traditional and contemporary risk management frameworks, evaluating their effectiveness in addressing systemic, strategic, operational, and reputational risks. Particular emphasis is placed on enterprise risk management (ERM), scenario planning, and the integration of risk intelligence into decision-making processes. The objective is to identify best practices, highlight key challenges, and propose a resilient and flexible risk management model suited to uncertainty. The findings aim to contribute to the development of more agile, informed, and proactive risk management practices that not only protect corporate assets but also support sustainable growth and long-term value creation.
Keywords :
Corporate Risk Management, Uncertainty, Enterprise Risk Management (ERM), Scenario Planning, Risk Intelligence, Strategic Risk, Operational Risk, Reputational Risk, Risk Frameworks, Organizational Resilience.
