Steinbeis Transfer Center Risk Management

Services

The Steinbeis Transfer Center for Risk Management is a competence center specialized in dealing with uncertainty surrounding the future development of values in organizations and companies. We provide organizations and companies – of various sizes and legal structures, and from a variety of industries – with practical solutions aimed at managing risk and opportunity. We adopt a critical approach to the increasingly fragmented and specialized nature of management systems, placing emphasis on straightforward, deep-running, interdisciplinary, and integrated methods. We see the benefit that we create for our clients as the benchmark of our services. Our approach is based on clearly defined objectives, whose fulfillment is success in itself. Our expertise is reflected in the projects, publications, teaching, and staff training programs we work on.

Values can be of financial, material, or immaterial nature. Examples of values include areas relating to specific standards (such as quality, environment, energy, compliance, etc. according to ISO) as well as categories relating to non-ISO fundamental standards (such as governance, compliance, strategy, operations, and finance).

Stakeholders and shareholders – external and internal – are interested in values. They include owners, investors, senior  management, staff, customers, the environment, suppliers, the authorities, and partners. Their interests range from statutory rights to (bilateral) contractual third-party obligations and (unilaterally) declared voluntary commitments. Values management serves all of the interests of stakeholders and shareholders in an appropriate and systematic manner.

Values include objects of value management and the value creation of companies and organizations.

Values are subject to venture and its opposing elements: risk and opportunity.

Risk is a virtual scenario of endangered values stemming from actual threats, which it links to potential future and actual damage in keeping with the concept of cause and effect.

Risk is an uncertain and negative, future position of value.

Opportunity is an uncertain and positive, future position of value.

Risk management transcends different disciplines and revolves around safeguarding future values – and values relate to all value topics and all value categories. Application and perspectives range from differentiated and partial individual risk to integrated and holistic overall risk. Just like opportunity management, risk management is an inherent element of value management.

Information is essential for decision-making and the actions of values management – including the opposing aspects of risk and opportunity – and this stems not only from Business 4.0 concepts. Information management can be deepened with cyclical OODA methods and contrasted with well-known PDCA methods.

Key Areas

Integrated, organization-wide risk management
For example, based on the concept of COSO, as a framework, and the ISO 31000 standard as a system and process integrated into the value chain.

Risk management in projects
For example, according to the principles, guidelines, and methods of DIN/ISO and IEC standards 62189, 31000, 31004, 31010.

Compliance/governance at medium-sized enterprises
For example, based on the statutory requirements of the German Commercial Code, laws affecting certain types of companies, and laws/case law relating to data security.

Risk management integrated into ISO management systems
For example, according to the requirements of the latests versions of ISO standards 9001, 14001, 50001, 27001, 45001 etc.

Industry 4.0 programs

  • Industry 4.0 - I Scenario Analysis
  • Industry 4.0 - II Strategy for SMEs
  • Industry 4.0 - III Transfer and Implementation

Checks (one day)

  • Steinbeis Risk Audit – Have all key risks been captured?
  • Steinbeis Risk Management Audit – Are existing risk management practices suitable, effective, and efficient?
  • Steinbeis Risk Management Recommendation – Which risk management practices are appropriate?

Concepts (more than one day)

  • Steinbeis Risk Management Implementation
    • Adhering to the ISO 31000 Risk Management Standard
    • As part of the EFQM model
    • With a strategy map/balanced score card
  • Steinbeis Risk Management Integration
    • Vertical Integration I: e.g., integrating all risk management activities into ISO 31000 (organization-wide risk management)
    • Vertical Integration II: e.g., intensifying specific risk management activities for certain topics (quality, environment, energy) based on ISO 31000 (specific risk management)

Seminars (more than one day)
Methods and tools of risk management including the ISO 31010 standard

Degree programs, lectures

  • Risk Management is Value Management

A 20-hour course in German or English derived from current MBA programs in Germany, France, and Switzerland.

Media

Steinbeis Transfer Magazine

Steinbeis-Edition

QR code
http://www.stw.de/su/657

Contact

Goethestr. 121, D-63225 Langen
Phone: +49 151 70440700
E-mail: SU0657@stw.de
Management: Dr. Peter Meier
(Stand: 07/18/2024)

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