Do a firm’s risk management activities actually create value? Companies increasingly spend time and money implementing a range of risk norms and frameworks whose focus is often on risk identification, analysis, and risk reporting; these are risk process activities that do not create value for decision-makers argues Stefan Hunziker. He say that, typically, nothing has been managed and no decision has been made better by these processes. In this blog, he gets to the heart of risk management - explaining that its single purpose is increasing decision quality.