Risk management: diversification and multiple business models

Abstract

This paper aims to explain and investigate the implementation and effectiveness of risk management strategies. In recent decades there have been continuous updates regarding the documentation of processes and risk management methods, on the other side there is not a corresponding adjustment by companies and it seems that many risks, although with a potential catastrophic impact, are completely neglected. Even the introduction of the chief risk officer didn’t prevent Covid-19 from causing significant damages. Through the use of different analysis, the substantial differences in the impact of Covid-19 in companies operating in the same sector will be highlighted, with the aim of underlining the causes and so the best risk management methods were implemented.