Description

Werner Gleißner’s course sheds light on the essential role of entrepreneurial decisions for the success of a company. The focus is on the challenge of balancing profit targets and risks. Legal requirements such as business control and risk management are intended to support sound decision-making. However, decisions are often made impulsively, which harbors potential problems. The law sets minimum standards to ensure adequate preparation by requiring the provision and documentation of relevant information, particularly on risks. The responsibility lies clearly with the directors, who must base their decisions on sound information in order to enjoy liability privileges. The objective is to establish transparent and responsible decision-making processes without encouraging defensive behavior. The lesson highlights the importance of adequate information for business decisions and presents practical guidelines to ensure that all relevant data is taken into account. Value-based management, strategic assessments and the integration of risk factors into decision-making models are emphasized as key factors for long-term business success. The lesson encourages critical scrutiny of strategic decision-making processes and how to put them on a sound footing.